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

» GLAS will be winner with Super Gain.
by ronstyn53 Yesterday at 10:22 pm

» CIC HOLDINGS PLC (CIC.N0000)
by abey Yesterday at 9:07 pm

» ROYAL CERAMICS PLC (RCL.N0000)
by abey Yesterday at 8:59 pm

» First capital holdings CFVF.N0000
by invest thinker Yesterday at 4:46 pm

» LANKEM DEVELOPMENTS PLC (LDEV.N0000)
by Wolf86 Yesterday at 2:00 pm

» ???? අප්‍රේල් 16 ???? මේ දින 3 කෙටි සතියත් කොළපාටින් අවසන් වුනා
by dayandacool Yesterday at 1:58 pm

» Lanka Walltile PLC Investment Case
by judecroos Yesterday at 8:55 am

» Which is the best at current market condition ? ( At least 30% within 30 Days)
by judecroos Yesterday at 8:39 am

» Daily Foreign Transactions
by Pradeep90 Fri Apr 16, 2021 8:03 pm

» Big opportunity in Kegalle Plantations
by EquityChamp Fri Apr 16, 2021 2:58 pm

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by stockchaser Fri Apr 16, 2021 2:42 pm

» විජේදාසගේ... voice cut ප්‍රතිඵල
by nigma Fri Apr 16, 2021 11:59 am

» If you buy a stock that’s not going up in price, you won’t make any money. STOCK market for beginners
by dayandacool Fri Apr 16, 2021 11:31 am

» B P P L HOLDINGS PLC (BPPL.N0000)
by vikiperera Fri Apr 16, 2021 11:17 am

» VPEL VPEL VPEL
by invest thinker Fri Apr 16, 2021 10:23 am

» Thoughts on SINS
by Swissinvest Fri Apr 16, 2021 10:04 am

» VFIN / VPEL / PABC - Share SPLIT or VTWO ?
by WealthKing Fri Apr 16, 2021 8:33 am

» DIPD/HAYC/HAYL
by Harry82 Fri Apr 16, 2021 5:46 am

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Jana Thu Apr 15, 2021 11:15 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by learningthemarket Thu Apr 15, 2021 8:18 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™ » 13-May-2013 Interim financial statements 31-03-2013

13-May-2013 Interim financial statements 31-03-2013

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin
HAYLEYS MGT KNITTING MILLS Interim Financial Statements for the period ended 31-03-2013 have been uploaded on the CSE website.
http://www.cse.lk/cmt/upload_report_file/403_1368415274.pdf

HOTEL SERVICES (CEYLON)
http://www.cse.lk/cmt/upload_report_file/543_1368443535.pdf

HATTON NATIONAL BANK
http://www.cse.lk/cmt/upload_report_file/373_1368440829973.pdf

MERCHANT BANK OF SRI LANKA
http://www.cse.lk/cmt/upload_report_file/380_1368443747.pdf

REGNIS (LANKA)
http://www.cse.lk/cmt/upload_report_file/682_1368437973321.pdf

SINGER FINANCE (LANKA)
http://www.cse.lk/cmt/upload_report_file/1041_1368443644.pdf

UNION CHEMICALS LANKA &
http://www.cse.lk/cmt/upload_report_file/500_1368432055.pdf

UNION ASSURANCE
http://www.cse.lk/cmt/upload_report_file/450_1368437453.pdf
- Interim Financial Statements for the period ended 31-03-2013 have been uploaded on the CSE website.



Last edited by sriranga on Mon May 13, 2013 7:25 pm; edited 2 times in total

http://sharemarket-srilanka.blogspot.co.uk/

213-May-2013 Interim financial statements 31-03-2013  Empty Sri Lanka knitting mill cuts losses Mon May 13, 2013 1:47 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
May 13, 2013 (LBO) - Sri Lanka's Hayley's MGT Knitting Mills Plc, a knit fabric maker has cut losses 32 percent to 2.0 million US dollars in the March 2013 quarter and is expecting to turnaround this year.

The firm reported losses of one US cents per share, the firm said in interim accounts filed with the Colombo Stock Exchange.

Revenues rose 15 percent to 8.9 million US dollars and expenses rose at a slower 10 percent allowing gross losses to fall to 47 percent to 467,949 dollars.

Chairman Mohan Pandithage said the company was now focusing on customers who wanted higher value added products.

Administration expenses were reduced to 922,665 dollars from 2.0 million the previous year, which came partly from one off provisioning.

The troubled company is being turned around by new chief executive Rohan Goonetilleke who has made process changes which had reduced wastage, Pandithage said.

"The Order Book for the coming six months looks promising and I am confident that a turnaround is imminent during the ensuing year," he said.
http://www.lankabusinessonline.com/news/Sri_Lanka_knitting_mill_cuts_losses/1650280307

Stewie


Stock Trader
Most financial press reporting is misleading giving a fake positive spin to published results. MGT losses from operations up from 110Mn for Dec 12 quarter to 263Mn for March 13 quarter with a drop in top line as well. On top of that MGT has stated its LKR equity down by LKR 769Mn with a restatement of the Exchange fluctuation reserve. Overall Book value a share has lost 40%!
Share is chronically overvalued! Only savior now is of TJL wants to acquire it anywhere close to current market price!

413-May-2013 Interim financial statements 31-03-2013  Empty HNB profits dip Mon May 13, 2013 11:37 pm

sriranga

sriranga
Co-Admin
HNB Group net profits fell 3.78 percent to Rs. 1.27 billion for the first quarter of 2012/13 from Rs. 1.32 billion a year earlier while at bank level, net profit fell 5.69 percent to Rs. 1.16 billion from Rs. 1.23 billion a year ago.

Profit before tax of HNB for Q1 2013 was Rs. 1.69 billion, down 7.14 from Rs. 1.82 billion recorded in Q1 2012 while group pre-tax profits stood at Rs. 1.81 billion, down 5.23 percent from Rs. 1.91 billion a year ago.

Commenting on the performance, Dr. Ranee Jayamaha, Chairperson of HNB PLC stated that HNB has recorded good firstquarter results despite challenging market conditions and sluggish credit growth.

However, with the expected turnaround, HNB is poised to take advantage of all opportunities available to grow its business.

"Q1 2013 continued to be challenging for the banking sector with demand for credit slowing down further, nevertheless HNB recorded a growth of 36 percent in interest income to Rs. 13,683 million in Q1 2013 from Rs.10,035 million in Q1 2012 due to 11 percent yoy expansion in its loan book and relatively higher rates of interest," the bank said in a statement.

Interest expenses too increased by 46 percent from Rs. 5,187 million in Q1 2012 to Rs. 7,584 million for Q1 2013 on account of the increase of Rs. 34 billion in the deposit base, which is a growth of 11 percent yoy as well as the higher rate of interest compared to the previous period and the shift witnessed towards high yielding deposits.

As a result, HNBs Net interest income witnessed a growth of 26 percent for Q1 2013 as against the corresponding period of 2012.

The net income from fees and commission recorded an improvement of 10 percent despite, slowdown in foreign trade during the period.

However, the Bank incurred a loss of Rs. 1,022 million, compared to the gain of Rs. 805 million made in 2012 on account of the revaluation of forward contracts and swaps. The gain made in 2012 was largely on account of the significant depreciation of the rupee witnessed during Q1 2012 while exchange rate volatility in the current period resulted in the loss due to revaluation of forwards and swaps. HNBs other operating income grew by Rs. 1,210 million during the first quarter of 2013 from a loss of Rs. 379 million during first 3 months of 2012 due to exchange gains/losses from non-derivative assets and liabilities. The fluctuation in the exchange rates as well as the change in composition of the Bank’s non-derivative assets / liabilities,resulted in the Bank posting an exchange gain in the current period compared to 2012.

With the implementation of SLFRSs the Bank replaced the CBSL time based provision with an impairment loss computed based on incurred loss model and accordingly the Individual impairment on individually significant loans improved by 27 percent while Collective impairment on individually insignificant loans increased by 119 percent for the Q1 2013.

Operating expenses for Q1 2013 increased by 12 percent primarily due to salary revision to all grades of staff, fair valuation of the liability under Employee Share Benefit Trust under SLFRS and increase in general charges.

Jonathan Alles, the Acting CEO of HNB PLC commented that he was happy with HNB’s performance in what could be termed a somewhat flat first quarter. He too stated that HNB had made good progress in technology and process enhancements and that the execution of the 2013/15 strategic plan is on course. The launch of Mobile Banking is one such initiative in 1Q2013 and is in line with HNB’s strategy to advance in technology with a view to maximize operational efficiency.

The price of the voting share of HNB improved by 13 percent during the first quarter 2013, with the price at Rs.167.30 as at end of the first quarter 2013 compared to Rs. 148.00 at the end of December 2012 while the non-voting share recorded a gain of 17.2 percent to Rs.131.80 from Rs.112.50 at the end of 2012.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=78950

http://sharemarket-srilanka.blogspot.co.uk/

513-May-2013 Interim financial statements 31-03-2013  Empty Sri Lanka's Union Assurance net up 31-pct Tue May 14, 2013 10:43 am

sriranga

sriranga
Co-Admin
May 14, 2013 (LBO) - Profits at Union Assurance Plc, a unit of Sri Lanka's John Keells Holdings rose 31 percent to 111.3 million rupees in the March 2013 quarter from a year earlier, helped by investment income and fair value gains.

The firm reported earnings of 1.30 rupees per share. The stock closed at 103.10, down 2.90 rupees Monday.

Gross written premium rose 11 percent to 2.66 billion rupees and net benefits and claims rose 20 percent to 1.8 billion rupees.

Investment income rose 13 percent to 592 million rupees and fair value gains were 51 million rupees compared to a loss of 171 million rupees last year.

Gross assets rose to 26.7 billion rupees in March 2013 quarter from 25.8 billion rupees in December. Net assets fell to 3.9 billion rupees from 4.3 billion rupees after paying a 375 million rupee dividend.
http://www.lankabusinessonline.com/news/Sri_Lankas_Union_Assurance_net_up_31-pct/791592032

http://sharemarket-srilanka.blogspot.co.uk/

613-May-2013 Interim financial statements 31-03-2013  Empty MBSL group losses contract Tue May 14, 2013 11:21 pm

sriranga

sriranga
Co-Admin
The Merchant Bank of Sri Lanka PLC (MBSL), controlled by state banking giant Bank of Ceylon, saw group level losses contract during the quarter ending March 31, 2013 to Rs. 39 thousand, down 99.5 percent from Rs. 8.75 million a year earlier, interim financial statements filed with the Colombo Stock Exchange showed.

At company level, MBSL saw profits grow to Rs. 9.79 million during the quarter, up 18 percent from Rs. 8.29 million a year ago.

At group level, income grew to Rs. 1.36 billion from Rs. 918.8 million a year earlier. Net interest income amounted to Rs. 362.6 million, up from Rs. 349 million a year ago.

Total operating income amounted to Rs. 441.6 million, up from Rs. 350.11 million a year ago.

Group profits before income tax amounted to Rs. 15.83 million, compared to Rs. 7.8 million a year earlier. Income tax amounted to Rs. 15.87 million, down from Rs. 16.55 million a year ago.

MBSL group’s balance sheet grew by 20.9 percent year-on-year to Rs. 23.9 billion as at March 31, 2013.
http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=79022

http://sharemarket-srilanka.blogspot.co.uk/

713-May-2013 Interim financial statements 31-03-2013  Empty Singer Finance profits up 7% Tue May 14, 2013 11:22 pm

sriranga

sriranga
Co-Admin
Singer Finance (Lanka) PLC (SFL), a unit of Singer (Sri Lanka) PLC reported a net profit of Rs. 235.4 million for the year ended March 31, 2013, up 7 percent from Rs. 219.5 million a year earlier while profits fell 17 percent to Rs. 57 million during the March quarter.

Net interest income grew 9 percent to Rs. 811.2 million while total income grew 37 percent to Rs. 1,748 million, interim financial statements filed with the Colombo Stock Exchange showed.

Personnel costs fell 47 percent to Rs. 171.9 million while administration and selling expenses fell 2 percent to Rs. 437.2 million.

Impairment on loans receivables grew 579 percent to Rs. 62.5 million from Rs. 9.2 million while loan loss recoveries amounted to Rs. 7.2 million, up 193 percent from a year earlier.

VAT on financial services grew 39 percent to Rs. 16.15 million while income tax grew 29 percent to Rs. 90 million.

The company’s balance sheet grew by 7.27 percent to Rs. 7.23 billion as at end March 2013, from Rs. 6.74 billion a year ago.

Public deposits stood at Rs. 3.17 billion as at March 31, 2013, up from Rs. 2.64 billion a year earlier.

SFL’s borrowings fell to Rs. 1 billion from Rs. 1.21 billion a year earlier. Loans from related parties amounted to Rs. 661.65 million, up from Rs. 490 million.

Hire purchase receivables amounted to Rs. 2.18 billion, down from Rs. 2.3 billion a year ago. Finance lease receivables picked up to Rs. 3.45 billion from Rs. 2.46 billion and loans and advances amounted to Rs. 915.4 million, down from Rs. 1.37 billion.
http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=79021

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