Last year during the same period, the firms revenue only recorded a sum of Rs. 717 million.
Financial performance in Summary
• H1 FY 12 Revenue increased 60% YoY to LKR 1.14bn (H1 FY 11 – LKR 717mn)
• GP margin at 20.3% (H1 11 – 13.1%)
• Recurring Net Profit attributable to equity holders LKR 109mn after adjusting for LKR 20.8mn of profit on disposal of long term investments (H1 11-LKR 14mn)
• Forward PER 10.5x (Annualised EPS for FY 2012E- LKR 0.40)
• PBV 1.65x (NAV per share LKR 2.54)
• Manufacturing sector multiples – PER 15.8x , PBV 2.2x
Courtesy: BRS Equity Research