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LAUGFS
2012/13 financial year should show growth in revenue from its investments made out of IPO money.
Revenue for FY 2011/12 showed an increase of 30% compared to last year, whereas the GP margin and Profit shows a decline. This was due to the reduction of supply from CPC and the higher prices of oil & gas.
Annual Report 2010 pg 21: ….Though LAUGFS Gas (LG ) was able to obtain the entire output of LPG from the Ceylon Petroleum Corporation (CPC) in the past, the supply to LG was reduced in 2011 to 50% of the total output of LPG from CPC ..
Should show some growth in revenue in this segment, but the GP and Profit depends on the CPC supply and world oil and Gas prices. Factors to be noted
• Storage capacity to be increased from 2500MT to 4000MT by mid 2013. i.e another 60% increase
• Entering the lubricant market
• Declining oil price should have improved the June 2013 Qtr results compared to Jun 2012. (have to wait and see)
• Increase the capacity with modern tanker fleets
• LGL plans to increase its market share
The risk this segment has is, it is very much price sensitive. In 2008 LP gas price increased by 33% resulted in demand declining by 12%
Service segment---- 2012--------2011--------2012
Revenue------------780 mn------566Mn------287mn
GP-------------- ---308mn-------207Mn------62Mn
NP------------------309Mn-------178Mn------3.8Mn
This segment shows tremendous growth contributing to the Net and gross. Its a duopoly market where Laugfs cover all 9 states. If LGL increases market share it’s a clean profit contributing to the growth in gross and net.
Leisure segment---- 2012--------2011--------2012
Segment Result-----168 mn------(1.12)Mn----000-
NP-------------------161 Mn-------0.59mn----000-
The current hotels ( 3 star) has shown improvement compared to last year. The star class 90 room hotel in Chilaw is expected to start operation in December 2012 according to a Sunday Times article. http://sundaytimes.lk/120226/BusinessTimes/bt40.html
LAUGFS GAS PLC has acquired Mag Consultants and Agents Pvt Ltd (MCAPL) and its assets, comprising 15 acres of prime seafront beach land at Waskaduwa, Kalutara for Rs.500, where a 200 room state of the art luxury resort hotel will be built.( different news article states different time period of project completion dates 2013/14 and 2015/16)
Property------------ 2012--------2011--------2012
Segment Result------(0.68) mn---(2.08)Mn----000-
This segment with the Maya avenue apartment (Havelock Heavens ) should start generating revenue from the second qtr of next financial year according to FT article
http://www.ft.lk/2012/05/31/laugfs-gas-records-rs-1-14-b-profit-in-fy12/.
Other Areas
Exploring new avenues of development in the Sri Lankan business sector, Laugfs Holdings Limited together with the Sri Lanka Institute of Nanotechnology (SLINTEC) signed a landmark development agreement yesterday, sealing a joint venture to set up the country’s first plant to produce titanium oxide from mineral sand.
The new venture would allow value to be added to mineral sands, which have so far been exported from the country as a raw bulk commodity. The setting up of the plant will allow production of titanium dioxide from ilmenite obtained from mineral sands extracted from Pulmoddai. http://ceylon-ananda.blogspot.com/2012/03/nanotech-institute-laugfs-to-set-up.html
[table]
LAUGFS
2012/13 financial year should show growth in revenue from its investments made out of IPO money.
Revenue for FY 2011/12 showed an increase of 30% compared to last year, whereas the GP margin and Profit shows a decline. This was due to the reduction of supply from CPC and the higher prices of oil & gas.
Annual Report 2010 pg 21: ….Though LAUGFS Gas (LG ) was able to obtain the entire output of LPG from the Ceylon Petroleum Corporation (CPC) in the past, the supply to LG was reduced in 2011 to 50% of the total output of LPG from CPC ..
Should show some growth in revenue in this segment, but the GP and Profit depends on the CPC supply and world oil and Gas prices. Factors to be noted
• Storage capacity to be increased from 2500MT to 4000MT by mid 2013. i.e another 60% increase
• Entering the lubricant market
• Declining oil price should have improved the June 2013 Qtr results compared to Jun 2012. (have to wait and see)
• Increase the capacity with modern tanker fleets
• LGL plans to increase its market share
The risk this segment has is, it is very much price sensitive. In 2008 LP gas price increased by 33% resulted in demand declining by 12%
Service segment---- 2012--------2011--------2012
Revenue------------780 mn------566Mn------287mn
GP-------------- ---308mn-------207Mn------62Mn
NP------------------309Mn-------178Mn------3.8Mn
This segment shows tremendous growth contributing to the Net and gross. Its a duopoly market where Laugfs cover all 9 states. If LGL increases market share it’s a clean profit contributing to the growth in gross and net.
Leisure segment---- 2012--------2011--------2012
Segment Result-----168 mn------(1.12)Mn----000-
NP-------------------161 Mn-------0.59mn----000-
The current hotels ( 3 star) has shown improvement compared to last year. The star class 90 room hotel in Chilaw is expected to start operation in December 2012 according to a Sunday Times article. http://sundaytimes.lk/120226/BusinessTimes/bt40.html
LAUGFS GAS PLC has acquired Mag Consultants and Agents Pvt Ltd (MCAPL) and its assets, comprising 15 acres of prime seafront beach land at Waskaduwa, Kalutara for Rs.500, where a 200 room state of the art luxury resort hotel will be built.( different news article states different time period of project completion dates 2013/14 and 2015/16)
Property------------ 2012--------2011--------2012
Segment Result------(0.68) mn---(2.08)Mn----000-
This segment with the Maya avenue apartment (Havelock Heavens ) should start generating revenue from the second qtr of next financial year according to FT article
http://www.ft.lk/2012/05/31/laugfs-gas-records-rs-1-14-b-profit-in-fy12/.
Other Areas
Exploring new avenues of development in the Sri Lankan business sector, Laugfs Holdings Limited together with the Sri Lanka Institute of Nanotechnology (SLINTEC) signed a landmark development agreement yesterday, sealing a joint venture to set up the country’s first plant to produce titanium oxide from mineral sand.
The new venture would allow value to be added to mineral sands, which have so far been exported from the country as a raw bulk commodity. The setting up of the plant will allow production of titanium dioxide from ilmenite obtained from mineral sands extracted from Pulmoddai. http://ceylon-ananda.blogspot.com/2012/03/nanotech-institute-laugfs-to-set-up.html
