Dankotuwa Porcelain PLC Reports 45% decline in Profits for FY2023/24

Based on the provided context, Dankotuwa Porcelain PLC’s financial performance for the year ended 31st March 2024 can be analyzed using the interim financial statements from December 2023 and March 2024.


  • The company’s revenue increased by 6% from LKR 5,913,133,000 in 2023 to LKR 6,249,203,000 in 2024, indicating growth in sales (Page 4, March 2024).
  • Profit before taxation for the period ended 31st March 2024 was LKR 696,929,000 compared to LKR 896,909,000 in 2023, showing a decrease (Page 10, March 2024).
  • Profit for the period ended 31st March 2024 was LKR 443,159,000, which is not directly comparable to the previous period as the profit for the period ended 31st December 2023 was LKR 355,407,000 (Page 6, December 2023; Page 10, March 2024).
  • Earnings per share (EPS) for the period ended 31st March 2024 was LKR 0.32, a significant decrease from LKR 1.08 in the same period of 2023, indicating lower profitability per share (Page 6, March 2024).

Financial Position:

  • Total equity as at 31st March 2024 was LKR 4,026,185,000, an increase from LKR 1,288,973,000 as at 31st March 2023, showing a stronger equity position (Page 10, March 2024).
  • Non-current assets, including property, plant, and equipment, and right to use asset, were LKR 2,380,762,000 and LKR 52,316,000 respectively as at 31st March 2024, compared to LKR 2,364,695,000 and LKR 31,826,000 as at 31st March 2023, indicating investment in assets (Page 8, March 2024).

The data suggests that while Dankotuwa Porcelain PLC has managed to increase its revenue, its profitability has decreased, as seen in the lower profit before taxation and EPS. However, the company’s financial position appears to have strengthened with an increase in total equity and investment in non-current assets. It is important to consider other factors such as market conditions, operational costs, and strategic initiatives that may have influenced these financial outcomes. For a comprehensive analysis, one should review the full financial statements, notes, and management discussion and analysis.


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