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



Latest topics

» RWSL RWSL rwsl
by dayandacool Yesterday at 11:19 pm

» Is 12th a holiday CSE
by Harry82 Yesterday at 11:03 pm

» Kelani TYRES
by shan31 Yesterday at 9:07 pm

» VALLIBEL ONE PLC (VONE.N0000)
by shan31 Yesterday at 8:54 pm

» DIPD/HAYC/HAYL
by shan31 Yesterday at 8:06 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by shan31 Yesterday at 7:34 pm

» Crypto , Digital Currency Trading , Forex
by RJ1010 Yesterday at 6:27 pm

» South Asia’s first Disneyland to come up in Sri Lanka
by samaritan Yesterday at 1:42 pm

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by stockchaser Yesterday at 11:01 am

» LOLC Share Price
by madukp Yesterday at 1:27 am

» Daily Foreign Transactions
by Pradeep90 Fri Apr 09, 2021 7:53 pm

» TALAWAKELLE TEA ESTATES PLC (TPL.N0000)
by lakymahesh Fri Apr 09, 2021 6:20 pm

» Sri Lanka bans palm oil imports, tells producers to uproot plantations
by CHRONICLE™ Fri Apr 09, 2021 3:22 pm

» Raigam wayamba salt RWSL.N
by Rational Investor Fri Apr 09, 2021 2:35 pm

» B P P L HOLDINGS PLC (BPPL.N0000)
by Bakka1988 Fri Apr 09, 2021 1:33 pm

» BROWNS INVESTMENTS PLC (BIL.N0000)
by madukp Fri Apr 09, 2021 12:33 pm

» ASPI Prediction by HNWI
by samaritan Fri Apr 09, 2021 9:09 am

» Price prediction on GRAN and TAFL
by desh87 Fri Apr 09, 2021 3:31 am

» දර්ශක අගයන් 8200 -9000 මට්ටමට හෝ ඉන් ඔබ්බට ජූලී මාසේ එන්න පුලුවන්
by kalu351 Thu Apr 08, 2021 11:25 pm

» The goal is to make money, not to prove you're right and the stock market is wrong. Stock market for beginners
by Asoka Samarakone Thu Apr 08, 2021 10:07 pm

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™ » FINANCIAL CHRONICLE™ » 11.02.2013 Interim Financial Statements 31-12-2012

11.02.2013 Interim Financial Statements 31-12-2012

Go down  Message [Page 1 of 1]

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
INTERIM FINANCIAL STATEMENTS 31-12-2012
BAIRAHA FARMS, BARTLEET FINANCE, BERUWALA RESORTS, COLOMBO INVESTMENT TRUST,COLOMBO FORT INVESTMENTS, HEMAS HOLDINGS, KEELLS FOOD PRODUCTS, LEE HEDGES, MARAWILA RESORTS, METROPOLITAN RESOURCE HOLDINGS,SIGIRIYA VILLAGE HOTELS, SINHAPUTHRA FINANCE, UNION CHEMICALS LANKA & PIRAMAL GLASS

Interim Financial Statements for the period ended 31-12-2012 have been uploaded on the CSE website.

Zero1


Equity Analytic
Equity Analytic
Unexpected result from GLAS.N

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Zero1 wrote:Unexpected result from GLAS.N
What did you expect. Though the improved revenue, the profit after tax is almost same to as last year. But still GLAS is undervalued compared to it's PE ratio and the hidden asset it has.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
GLAS need to maybe block that land and sell to reduce finance costs. Then they will be a stronger company.

Not sure they are actively trying to sell or just not getting good offers.


@Monster wrote:
@Zero1 wrote:Unexpected result from GLAS.N
What did you expect. Though the improved revenue, the profit after tax is almost same to as last year. But still GLAS is undervalued compared to it's PE ratio and the hidden asset it has.

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Except plantation sector reports , only a handful of companies have shown 10%+ yoy growth in PAT so far.
To be fair as a matured company JKH has done a good job.


Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Seems only a few even from the finacne/bank sector maybe report growth. Would be happy if they report near flat under the possibly the worst quarter in 2013 fin year?



@UKboy wrote:Except plantation sector reports , only a handful of companies have shown 10%+ yoy growth in PAT so far.
To be fair as a matured company JKH has done a good job.


sriranga

sriranga
Co-Admin
It is with great pleasure that I present you the results of the third quarter of 2012/13. Your Company has been successful in continuing the growth momentum it enjoyed during the first half of this year. The financial statements are prepared in compliance with Sri Lanka Financial Reporting Standards (SLFRS) for the current year, while a second set of financial statements have been prepared as per Sri Lanka Accounting Standards (SLAS) for both the current and previous year for the ease of comparison.


The Group posted a revenue growth of 26.1% to record Rs. 19.2Bn (as per SLAS) for the period ending 31 December, 2012. Our Power, Healthcare and FMCG sectors were the main contributors to the increase in revenue, posting a growth of 40.9%, 22.0% and 15.4% respectively. Group earnings grew by 25.8%, to record Rs. 1,052Mn, driven by FMCG, Healthcare and Transportation sectors which grew at 27.2%, 31.1% and 35.8%, respectively for the period ending December, 2012.Earnings in our Leisure sector swung from a loss of Rs. 8 Mn last year to a profit of Rs. 98 Mn this year.


The FMCG sector recorded revenues of Rs. 5.6Bn, which is a 15.4% growth over the previous nine months; however, much of this growth was price led. The sector was the largest contributor to Group earnings posting Rs. 548Mn for the period ending 31st December 2012, a growth of 27.2%.Our Personal wash category, led by our beauty soap Velvet, performed very well during the quarter recording a growth in both volume and value terms, while our Personal care segment recorded market share gains boosted by the Oral and Hair care categories. In November, two new variants of deodorant were introduced under Gold; our brand catering to the male grooming segment, while both Goya and Pro Sport launched new fragrance variants strengthening our market position in this category.


Sales to the modern trade were impacted due to the imposition of VAT on large scale wholesalers and supermarkets introduced in the 2013 Budget proposals. Continuing with our efforts to fund the education of disadvantaged children in the country under the ‘Big Heart’ project, A 20-20 cricket match was organized reuniting the 96 world cup champions who played against the Sri Lankan cricket legends, who stepped forward as volunteers for this worthy cause. The event was a great success and all the funds raised were directed to the ‘Nana Diriya’ program of the Ministry of Child Development and Women Affairs. The ‘Big Heart’ project was launched to celebrate 50 years of our flagship brand ‘Baby Cheramy’.


The Healthcare sector posted a revenue growth of 22.0% to record Rs. 6.7Bn, driven by the growth in Hospitals as well as Pharmaceutical Distribution. The sector posted a healthy earnings growth of 31.1%, to reach cumulative earnings of Rs. 375Mn for the year under review. Our Pharmaceuticals business continued to maintain its market leadership position with a market share of 17.8% (Source: IMS) in a rapidly growing industry which grew at 18% during the period ending 31st December, 2012. Our Hospital business also posted strong results with a 28.1% growth in turnover during the year under review. Progress in constructing our third hospital at Thalawathugoda is on schedule, and we expect to serve our first patient on 1st May, 2013. During the quarter, we concluded preliminary discussions to introduce dialysis services at our hospitals, a key milestone on our way to becoming a comprehensive healthcare services provider in the community.


Our Leisure sector enjoyed an excellent nine months posting revenue growth of 49.5% to close at Rs 1.1Bn, largely attributable to a good winter season performance. Club Hotel Dolphin led the sector with a top line growth of 22.0% and an average occupancy of 85%. Avani Kalutara resort was officially declared open by Hon. Basil Rajapakse, in November 2012.During the quarter under review, Serendib Leisure Hotels received several accolades with Avani Bentota being awarded the Agoda Gold Circle Award for excellence in on-line distribution, while Club Hotel Dolphin was awarded Holiday Check Award 2013 for being one of the 99 most popular hotels worldwide in the “Family” category. Avani Bentota and Hotel Sigiriya won the Merit Certificates by the EU-SWITCH ASIA for conservation and waste management. Whilst our performance so far has been encouraging, we eagerly anticipate a meaningful initiative by Sri Lanka Tourism to market the destination to the right target segments. With increased inventory coming into the market, demand creation will be key to maintaining rates and occupancy at current levels.


Transportation Sector top line grew by 38.0% over last year to Rs747Mn driven by the performance in the Aviation and Maritime Segments. Sector earnings stood at Rs 217Mn, reflecting an impressive growth of 35.8% year-on-year. Our Aviation Segment performed well with our Outbound travel business continuing to increase its market share. Our Maritime arm commenced operations on a joint venture with Mercantile Shipping in Galle to transport crew and sea marshals. As of date, our crew boats have steadily gained acceptance among key clients and their feedback is encouraging. Our Feeder Agency business enjoyed a steady quarter and also served new customers by providing maritime services, positively impacting earnings. In our Logistics segment, we expanded our service portfolio into contract warehousing apart from the empty container transport business at Hemas Logistics. The performance of our freight forwarding and courier partners was also noteworthy and supported overall growth in the sector.


Our Power sector recorded a revenue growth of 40.9% reaching Rs 4.4Bn driven by escalating fuel prices. Despite our ‘Giddawa’ hydro power plant being affected by floods during the quarter, the hydro power segment recorded an increase in revenue of 31.6% for the period, mainly attributable to the improved performance of ‘Magal Ganga’. Sector earnings declined by 14.3% compared with the corresponding period last year due to higher finance costs and exchange losses, most of which were unrealized translation losses. Over the next quarter we expect to continue our pre-development work on new projects in Sri Lanka and in the East-African region.


This holiday season an initiative was undertaken by ‘Piyawara’, our CSR project, to set up an ‘Angel Christmas Tree’ to collect Christmas gifts for underprivileged children in the Northern Province. During the quarter Hemas Outreach Foundation also sponsored a three day residential teacher training program in the Northern Province which was organized by the Ministry of Education.


We enter the last quarter, which is traditionally our best, with positive momentum and look forward to closing out the year on a positive note.


Husein Esufally - 11 March 2013
http://adaderana.lk/biznews.php?nid=707

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