FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Latest Financial Status and Future Outlook of SMB Finance PLC
by ChatGPT Yesterday at 11:15 pm

» Latest Financial Status and Future Outlook of Overseas Realty PLC
by ChatGPT Yesterday at 11:00 pm

» Latest Financial Status and Future Outlook of Merchant Bank of Sri Lanka & Finance PLC
by ChatGPT Yesterday at 10:55 pm

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Yesterday at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Yesterday at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

Singer Sri Lanka revenue grows by over Rs. 1 b in Q1

2 posters

Go down  Message [Page 1 of 1]

Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

The Singer Group, with revenue of Rs. 6.2 billion for the first quarter of 2012, expressed confidence in its continued growth. The growth was on top of very high growth in prior year.
Noting that group revenue rose by Rs. 1.1 billion in absolute terms and by 22% in percentage terms over the first quarter of the previous year, Singer Sri Lanka Group CEO Asoka Pieris stated that the organisation’s performance was despite the fact that consumer sentiments were affected by the rupee’s devaluation and sharp increase in electricity and fuel costs.
The growth in the Group’s revenue boosted its profit before tax by 11% and its profit after tax by 36%.
The Group’s outstanding performance was driven, in part, by a surge of sales in major product categories, signalling continued success in its mission to improve Sri Lankan lifestyles.
Singer…
For example, sales of refrigerators increased by 40% over the first quarter of 2011, while sales of domestic and artisan sewing machines improved by 25%. Other product lines which experienced significant increases were fans (74%), microwaves (501%), air conditioners (52%), kitchen appliances (55%), irons (229%), water pumps (45%) and bicycles (61%).
Continuing to prove that its dedication to enhancing Sri Lankan lives pays dividends, Singer Sri Lanka reaffirmed its commitment to a multi-brand marketing strategy. By giving consumers an unrivalled degree of choice, the Group is able to ensure that Sri Lankans get the products and services they want.
With more than 360 stores islandwide, Singer Sri Lanka also has the country’s most extensive retail network, giving shoppers unbeatable quality and selection at a conveniently close location. This value proposition is further enhanced by its wide-ranging service network, which ensures that customers anywhere in the country can feel secure with the knowledge that their purchases are backed up by the industry’s best after-sales service.
By continuing to enhance its product and service offerings, Singer Sri Lanka is confident that it will sustain its success in the year to come.
News by FT.lk



Last edited by Malika1990 on Sat May 05, 2012 6:37 pm; edited 1 time in total

2Singer Sri Lanka revenue grows by over Rs. 1 b in Q1 Empty Dakwale new MD at Lanka IOC Sat May 05, 2012 6:35 pm

Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Subodh Dakwale assumes duties today, 4 May, as the new Managing Director of Lanka IOC.
Dakwale, who succeeds K.R. Suresh Kumar, brings with him wide-ranging and rich experience in the petroleum field having worked for more than 28 years in Indian Oil Corporation Ltd., which is a Global Fortune 500 Company.
During a long and illustrious career he has worked in different divisions of Indian Oil such as Engineering, LPG, Lubes and Sales and Marketing. This has given him hands-on experience and depth of knowledge in the functioning of the different areas of the industry.
His career in Indian Oil has taken him to various postings across the length and breadth of India. Prior to assuming office as Managing Director of Lanka IOC, Dakwale headed the Retail Sales Department in the Madya Pradesh State of India.
The new Managing Director said that he is looking forward to further strengthening the mutually-beneficial relationship that already exists between Lanka IOC and the Government of Sri Lanka.
“Ours is a relationship that is based on trust and understanding. Over the years LIOC has made considerable investments in Sri Lanka in a bid to further enhance our product offering coupled with energy security for the nation.”
A Civil Engineer from the Government Engineering College in Rewa, Dakwale is a sports enthusiast and an avid golf player. He was actively involved in various social and employee welfare organisations in India.

sriranga

sriranga
Co-Admin

Malika1990 wrote:The Singer Group, with revenue of Rs. 6.2 billion for the first quarter of 2012, expressed confidence in its continued growth. The growth was on top of very high growth in prior year.
Noting that group revenue rose by Rs. 1.1 billion in absolute terms and by 22% in percentage terms over the first quarter of the previous year, Singer Sri Lanka Group CEO Asoka Pieris stated that the organisation’s performance was despite the fact that consumer sentiments were affected by the rupee’s devaluation and sharp increase in electricity and fuel costs.
The growth in the Group’s revenue boosted its profit before tax by 11% and its profit after tax by 36%.
The Group’s outstanding performance was driven, in part, by a surge of sales in major product categories, signalling continued success in its mission to improve Sri Lankan lifestyles.
Singer…
For example, sales of refrigerators increased by 40% over the first quarter of 2011, while sales of domestic and artisan sewing machines improved by 25%. Other product lines which experienced significant increases were fans (74%), microwaves (501%), air conditioners (52%), kitchen appliances (55%), irons (229%), water pumps (45%) and bicycles (61%).
Continuing to prove that its dedication to enhancing Sri Lankan lives pays dividends, Singer Sri Lanka reaffirmed its commitment to a multi-brand marketing strategy. By giving consumers an unrivalled degree of choice, the Group is able to ensure that Sri Lankans get the products and services they want.
With more than 360 stores islandwide, Singer Sri Lanka also has the country’s most extensive retail network, giving shoppers unbeatable quality and selection at a conveniently close location. This value proposition is further enhanced by its wide-ranging service network, which ensures that customers anywhere in the country can feel secure with the knowledge that their purchases are backed up by the industry’s best after-sales service.
By continuing to enhance its product and service offerings, Singer Sri Lanka is confident that it will sustain its success in the year to come.
News by FT.lk

Please see the following link
http://forum.srilankaequity.com/t17735-04-may-2012-interim-financial-statements-31-03-2012#117078

http://sharemarket-srilanka.blogspot.co.uk/

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum