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.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Businesses down

Businesses down

Go down  Message [Page 1 of 1]

1Businesses down Empty Businesses down Fri Aug 17, 2012 2:01 am

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
198 listed firms report consolidated profit of Rs. 30.2bn, down 17%

198 of the 285 listed entities have published their performance for 1QFY13 to exhibit a 17 percent dip to a cumulative of Rs. 30.2 billion, Softlogic Equity Research (SER) said yesterday (16).

" The depreciating exchange rate environment is said to have had a bad hit on many companies as they eat out earnings in terms of exchange losses, wider outflow to service charge on foreign loans and higher import costs. Exporters would be a direct beneficiary in this exchange rate environment but export oriented entities listed on CSE are minimal and firms’ with overseas operations. Decline in performance in the heavy index such as Bukit Darah and Carsons Cumberbatch have weighed on the market. CSE still continues to be an attractive pick amongst the emerging markets as proved by the recent foreign interest," it said.

SER also went on to say that "increasing interest rates continued to haunt the bourse as it lacks buying power" with all three indices closing in the red yesterday.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=59340

2Businesses down Empty Re: Businesses down Fri Aug 17, 2012 2:58 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Okay what happens if we add the several billions difference made by BUKI and CARS ?

Will the whole market situation change?

3Businesses down Empty Re: Businesses down Fri Aug 17, 2012 7:35 am

Fresher


Moderator
Moderator
I would first remove all the "exchange losses" to see whether the rest of the profit is really down or not.

Then perhaps remove the one off items including investment losses as well.

4Businesses down Empty Re: Businesses down Fri Aug 17, 2012 9:59 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
If you do what you said and what I said above some people might be dumbfounded with overall this quarter results. But let leave he face value as it is 17% down is it and take care of out own shares.



npp wrote:I would first remove all the "exchange losses" to see whether the rest of the profit is really down or not.

Then perhaps remove the one off items including investment losses as well.

5Businesses down Empty Re: Businesses down Fri Aug 17, 2012 11:03 am

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@slstock wrote:Okay what happens if we add the several billions difference made by BUKI and CARS ?

Will the whole market situation change?

1. Not all exchange losses are alike ! when companies operating in Sri-Lanka borrow dollars, they have to repay with rupees converted to dollars at higher amount. Then it is an actual forex loss. The forex losses incurred by Buki/Cars are not actual losses but notional losses only. they have no cash flow impact and are due to translation of their U.S dollar debt to Sri-Lankan rupees. they borrow in U.S Dollars to fund their Indonesian & Malaysian operations in rupiah's and ringitt. it is only when these currencies devalue against the dollar that an actual loss is created. Unlike companies operating in Sri-Lanka, they do not have to depend on Sri-Lankan rupees to settle their U.S. dollar debt.

2. The actual profit Buki / Cars made in the June 2012 quater is much higher than presented due to following factors

A. Forex loss - Rs 455,321,000 - notional loss - add to profit
B. Fair value gain in biological assets - refer page 15 pt 6 of of interim statement = Rs 1,100,955,000
C- Inventory increased by Rs 2 Bill from 31st March quater. In the Palm oil business, the fresh fruit bunches have to be converted to CPO in 24 hours or they spoil. all direct operating costs are expensed as they go. thus what remains in inventory is pure profit. as at a particular date, it can be in inventory or go directly to revenue when sold. all associated costs are already expensed. now the Rs 10 Bill they show in inventory consists of CPO, maybe some FFBB, Oils and Fats and Beer. going by past quater inventory levels, perhaps their is additional Rs 1-2 Billion is CPO stock as at quater ending date which was captured in inventory and which should have flowed to revenue.
When you add all this up, you will get an approximate actual profit for the quater (Rs 3-4 Billion).

3. When you compare with corresponding 1st quater in 2011, approx Rs 3.8 Billion profit were for one off items.
- BUKI/CARS Share swop for malaysian plantation shares - Rs 2.4 Bill Profit
- CINV / GUAR - Selling Aitken Spense shares @ 140 - Rs 1.4 Bill Profit

Thus you have to keep these two factors in mind when you compare Buki / Cars result Q on Q.

Sponsored content


Back to top  Message [Page 1 of 1]

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