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Tea Smallholder Factories back in profit Vote_lcap68%Tea Smallholder Factories back in profit Vote_rcap 68% [ 178 ]
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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Tea Smallholder Factories back in profit

Tea Smallholder Factories back in profit

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1Tea Smallholder Factories back in profit Empty Tea Smallholder Factories back in profit Sat Aug 04, 2012 8:31 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Tea Smallholder Factories PLC has returned to profitability in the first quarter of the current financial year boosting revenue 23% to Rs.620.2 million and profit after-tax 361% to Rs.23.9 million from a loss of Rs.9.16 million suffered in the first quarter of the last financial year.

The company whose major shareholders are John Keells Holdings (37.62%), Akbar Brothers (24.39%) and the Central Finance Company (22.85%) together with a further 6.45% owned by the CF Growth Fund paid a dividend of Re.1 per share for the year ended March 31, 2012 despite posting a marginal loss of Rs.1.3 million in that year, down from a profit of Rs.120.7 million a year earlier.

As at June 30, 2012, the company had a stated capital of Rs.150 million, a revaluation reserve of Rs.174.4 million and revenue reserves of Rs.302.5 million.

Total assets were running at Rs.1.03 billion and total liabilities at Rs.398.4 million.

Net assets per share had grown to Rs.20.90 from Rs.20.83 a year earlier and the company’s share traded at a high of Rs.57 and a low of Rs.32 during the quarter under review.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=58435

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