Vidullanka's Q3 profits up

Vidullanka PLC recorded a profit of Rs. 50.8 million for the quarter ended December 31, 2009 which increases the profit for the year to Rs. 134.7 million. The profit for the year has increased more than 50 percent compared to December 2008 results. Increase in revenue coupled with reduction in finance cost had contributed to this increase in the performance.

The company had declared a dividend of 50 cents per share in during the quarter ended December 31, 2009 and was paid in January 2010.

Vidullanka expects to commission its fourth Mini Hydro Power project by mid March.