Sri Lanka, July 16 -- The company, the second largest fuel distributor next to the government owned Ceylon Petroleum Corporation (CEYPETCO) reported revenues of Rs. 62.54 billion for the April - June quarter, down 14.6 percent from the same period a year ago.

Company's share ended at Rs.133.00, down 25 cents or 0.19 percent before the earnings were released.

The cost of sales which predominantly consists of the fuel import cost fell by 13.8 percent on year to Rs. 57.74 billion.

Prices for oil at Brent, the international benchmark for oil fell during the April - June quarter, from US$ 74.49 to US$ 66.74 a barrel after briefly hitting US$ 78.85 on June 19 during the 12-day war between Israel and Iran.

This left the company with a gross ...