Odel PLC Reports Unaudited Group and Parent Earnings Results for the Second Quarter and Six Months Ended September 30, 2018
November 14, 2018 at 06:17 am EST
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Odel PLC reported unaudited group and parent earnings results for the second quarter and six months ended September 30, 2018. For the quarter, the group reported revenue was LKR 2,107,304,502 against LKR 1,862,646,653 a year ago. Operating profit was LKR 133,253,329 against LKR 100,885,995 a year ago. Profit before tax was LKR 17,305,740 against LKR 1,678,589 a year ago. Profit attributable to owners of the parent was LKR 13,743,576 against LKR 6,908,814 a year ago. Earnings per share was LKR 0.05 against LKR 0.03 a year ago.
For the six months, the group reported revenue was LKR 3,656,203,591 against LKR 3,524,373,319 a year ago. Operating profit was LKR 299,259,297 against LKR 245,556,652 a year ago. Profit before tax was LKR 57,581,688 against LKR 72,198,782 a year ago. Profit attributable to owners of the parent was LKR 35,015,419 against LKR 50,041,401 a year ago. Earnings per share was LKR 0.13 against LKR 0.18 a year ago.
For the quarter, the company reported revenue was LKR 1,446,804,076 against LKR 1,442,903,965 a year ago. Operating profit was LKR 110,428,368 against LKR 101,874,227 a year ago. Profit before tax was LKR 50,158,565 against LKR 3,525,896 a year ago. Profit for the period was LKR 43,826,529 against LKR 11,438,011 a year ago. Earnings per share was LKR 0.16 against LKR 0.04 a year ago.
For the six months, the company reported revenue was LKR 2,642,408,373 against LKR 2,735,914,046 a year ago. Operating profit was LKR 187,334,283 against LKR 176,974,755 a year ago. Profit before tax was LKR 26,194,095 against LKR 9,965,373 a year ago. Profit for the period was LKR 19,862,059 against LKR 16,093,817 a year ago. Earnings per share was LKR 0.07 against LKR 0.06 a year ago.
Odel PLC is a Sri Lanka-based company that is engaged in the fashion retailing business. The Company's segments include Fashion Retail, Investment Property and Other. The fashion retail segment offers various fashion related clothing, accessories, sportwear, footwear and various others to a wide range of customers. The investment property segment consists of land which is held for capital appreciation purpose. The other segment consists of commission and rental income, among others. Its product categories include unisex, men, women, sports, footwear, bags, watches and sunglasses, jewelry, kids, home and lifestyle, food and beverage, and souvenirs and gifts. Its men's products include casualwear, formal wear, underwear and socks, winterwear, accessories, and men's grooming. It offers various bags, such as crossbody bags, shoulder bags, tote bags, clutches, backpacks, coin purses, duffel bags, neck pillows, pouches and backpacks. The Company's e-commerce platform is www.odel.lk.