LAUGFS ups nine month net profit by 96%

Re-energised LAUGFS Gas Ltd., yesterday announced a Group after tax profit of Rs. 750.3 million, for the first nine months of 2010/11 up by 96% over the corresponding period of last year. The impressive bottom line was powered by a 32% increase in Group revenue to Rs. 5.32 billion. The financial position of the Group had continued to improve with a total asset base of Rs.8.6 billion as at 31 December, 2010 in comparison to Rs.4.5 billion a year earlier..

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