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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Growth momentum still steady

Growth momentum still steady

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1Growth momentum still steady Empty Growth momentum still steady Tue Mar 15, 2011 1:00 am

shan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

The total profits of a sample set of companies selected torepresent the overall market increased 74% YOY(excluding non-recurring gains) to Rs.69,357 Mn inFY10/11 (9 months) from Rs.39,881 Mn in FY09/10 (9months). Results of 15 companies out of them were for 12months (FY 10).

Hotels & Travels recorded the highest profit growth(927%). Although Healthcare sector posted 901% profitgrowth, excluding exceptional gains it stood at 297%.

Bank, Finance and Insurance, Diversified andTelecommunication were the other sectors which witnessednon-recurring gains/losses. Excluding the effect of thoseitems the earnings growth rates were 28%, 36% and 805%respectively.

Banks, Finance and Insurance, Diversified and Beverage,Food and Tobacco were the sectors which contributedmostly to the profit figures in absolute terms.
http://colombostockwatch.com/2011/03/sector-earnings-fy1011-9-months/

2Growth momentum still steady Empty Re: Growth momentum still steady Tue Mar 15, 2011 6:20 am

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
All those sectors should perform well.

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