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SRI LANKA'S EQUITY ONE POSTS 80 PCT JUNE QTR NET FALL.(Financial report)

AsiaPulse News

| September 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

COLOMBO, Sept 1 Asia Pulse - Equity One, part of Sri Lanka's Carson Cumberbatch group, reports June quarter net profit fall of 80 per cent to 1.4 million rupees (US$13,161) from a year ago, according to interim results released by the firm.

Revenue went up eight per cent to 25.4 million rupees.

The company also said in a stock exchange filing that there was no reason for the sharp fluctuations in the price of its shares on the Colombo bourse.

Equity One's shares were again traded heavily on the stock market Friday. But the price was down 11.11 per cent or 3.75 rupees to 30 rupees in early afternoon trade with ...

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Source: HighBeam Research, SRI LANKA'S EQUITY ONE POSTS 80 PCT JUNE QTR NET FALL.(Financial...

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