Ex-pack Corrugated Cartons swings to first-half loss as pre-tax profit falls 97%

Sri Lanka's Ex-pack Corrugated Cartons reported revenue up 14% to LKR 5.39bn for the six months to 30 September 2026, but profit before tax fell 97% to LKR 3.5m and it swung to a loss attributable to shareholders of LKR 3.2m from a LKR 68.3m profit a year earlier. Cost of sales rose 16%, faster than revenue, while administrative expenses rose 25% and finance costs 16%.

Why this mattersCost of sales rising faster than revenue at a Sri Lankan corrugated converter points to input-cost increases that its pricing has not recovered.

• Six-month revenue rose 14% to LKR 5.39bn in the period to 30 September 2026
• Six-month profit before tax fell 97% to LKR 3.5m from LKR 107.5m
• Six-month loss attributable to equity holders of LKR 3.2m, against a LKR 68.3m profit a year earlier
• Cost of sales rose 16% in the six months, outpacing revenue growth
• Administrative expenses rose 25% to LKR 468.2m in the six months
• Finance costs rose 16% in the six months on higher borrowing costs

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