Last year they paid 4/= and thereafter it is on downward trend.
It cannot be labour troubles alone because some plantations have come up with good numbers recently.
Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
Last edited by sanjeewa88 on Mon Apr 02, 2012 12:10 am; edited 1 time in total (Reason for editing : word alignment)
sanjeewa88 wrote:As at 31/3/2011 it has recorded a brilliant EPS Rs. 13.08
But when we consider about the nine months ended 31/12/2011 following financial results have been shown.
--------------------------31-12-2011--------------------31-12-2010
Net Profit------------------19.361 mn--------------------170.799 mn
EPS------------------------0.77--------------------------6.83
Tea has incurred a gross loss of 151 mn during the nine months of 2011.
Rubber sector contributed to the total profit of 103.655 mn by adding 183.674 mn to gross profit.
But the NAVPS still at 39.22 as at 31-12-2011.
Under this circumstances we cannot expect a good result in this year compared to the last year.
There are several reasons to this poor performance of HOPL including wages hike in the mid year.
Anyway we cannot forecast a big share price increment in HOPL unless a manipulation.
illuminati wrote:The simple reason why plantation shares are in negative territory is because of another wage hike end of this year as per the collective agreement. That will be the death blow to the already struggling plantation industry especially for Tea companies.
Permissions in this forum:
You cannot reply to topics in this forum