What a worse performance plantation

Jana1 · 21 Re: What a worse performance plantation Wed Jul 31, 2013 3:33 pm

Jana1

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@slstock wrote:
Note am taking about positive earnings( even if marginal). KOTA also may have a chance.
.

@aero wrote:

@slstock wrote:I am guessing KGAL,NAMU,KVAL might be some of the other very few who might end up with positive earning this quarter.

@aero wrote:I think this is the indicator for all other plantation companies situation...
(specially tea plantations)

KVAL also same prob
http://www.cse.lk/cmt/upload_report_file/712_1375239656.pdf

I would expect Kota to come around 40 by December... But in two years, it will be a massive rubber plantation company along with palm oil. No wage hike for every two years- They nicely planned for escape route....

Redbulls

Redbulls

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Watawala Plantations PLC (WATA) – a member of the Sunshine Group, has posted a 14 percent growth in revenue (YoY) to report Rs. 1.5 billion for the first quarter ended June 30, 2013. WATA posted a PAT of Rs. 11.4 million, down 92.3 percent compared to a PAT of Rs. 147.5 million posted during the same quarter last year. "In a wage impact year, contrasting unhealthy weather pattern, which prevailed during the 1st quarter, was the most critical factor impacting profitability," the company said in a statement releasing its interim financial results.

Strong Palm Oil performance has mitigated the severe loss in the Tea segment, which was largely driven by one of the worst weather conditions during the 1st quarter of the FY 2013/14.

The wage increase coupled with additional provision for gratuity both came into effect from April 1st2013, had a significant impact on the cost of production across all crops.

Tea production was significantly affected by the continuous rains experienced in the upcountry area resulting in a higher cost of production. During the quarter under review, in the Hatton/Watawala/Lindula regions, the average number of wet days recorded were 59 days and the rainfall was recorded at 1,950 mm. In comparison, for the same period last year (YoY) the wet days was 28 days and the rainfall was recorded at 1,212 mm.

The production of palm oil grew by 14 percent YoY despite adverse weather conditions, a result of excellent agricultural practices which are in place today. Despite a 14 percent increase in production, revenue increased only 4 percent due to fluctuating Crude Palm Oil prices. Palm Oil is the highest contributor to the Group’s profit, posting a profit of Rs. 146 million against Rs. 163 million during the same period last year.

The present market for Palm Oil shows an improvement.

The tea sales grew by 13 percent to reach Rs. 1.0 billion compared to Rs. 919 million recorded in the first quarter of 2012/13 backed by higher sales volumes recorded in the current season. The wage/gratuity impact along with the adverse weather conditions had a significant impact on the cost of production of tea. Thus, tea sector recorded a loss of Rs. 156 million as against the loss of Rs. 8.2 million for the same period last year.

Rubber recorded a loss of Rs 11.9 million in Q1 2013/14 compared to a profit of Rs 1.1 million during the first quarter of the previous financial year. This was primarily due to lower production due to continuous rains, which prevailed from mid of May 2013. The productions of rubber dipped 39 percent YoY. The rubber prices have dropped by LKR 53/kg compared to same period last year.

A member of the Sunshine Enterprise, Watawala Plantations PLC is a diversified plantation company in Sri Lanka, managed by the Group’s subsidiary, Estate Management Services Pvt. Ltd., a joint venture with the TATA Global Beverages Ltd. The company manages a total land extent of over 12,000 Ha in Palm Oil, Tea & Rubber with a workforce of approximately 12,000 people. The company has the largest Palm Oil plantation and the largest Rubber factory in Sri Lanka to augment the production of more than 9 million kgs of Ceylon tea annually.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=84783

aero · 23 Re: What a worse performance plantation Thu Aug 01, 2013 12:03 pm

aero

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crossing...
WATA 49Mil
SUN 13Mil

celtic tiger · 24 Re: What a worse performance plantation Thu Aug 01, 2013 4:49 pm

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It's the start of the bad earning cycle for plantations.Only hope for the plantations is oil palm-I think.people who case behind MASK and TPL will loose lot.

aero · 25 Re: What a worse performance plantation Tue Aug 06, 2013 1:37 am

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TPL
http://www.cse.lk/cmt/upload_report_file/726_1375696980.pdf

Gaja · 26 Re: What a worse performance plantation Tue Aug 06, 2013 7:04 pm

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http://www.cse.lk/cmt/upload_report_file/709_1375788995042.pdf

Horana Plantations

Gaudente · 27 Re: What a worse performance plantation Thu Aug 08, 2013 1:37 pm

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@aero wrote:TPL
http://www.cse.lk/cmt/upload_report_file/726_1375696980.pdf

it barely broke even Sad

I guess the workers pay hike needs to be reconsidered

Slstock · 28 Re: What a worse performance plantation Thu Aug 08, 2013 1:43 pm

Slstock

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Guess you did not following some of our post about his issue from several months ago.

I again guess KGAL,NAMU.KVAL, KOTa might be some of the few that may report atelast a positive result. KVAL has already.

This might be temporary ( for another 1 quarter or 2 for some companies) but we should keep an eye on tea auction prices.

@Gaudente wrote:

@aero wrote:TPL
http://www.cse.lk/cmt/upload_report_file/726_1375696980.pdf

it barely broke even I guess the workers pay hike needs to be reconsidered

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What a worse performance plantation

21 Re: What a worse performance plantation Wed Jul 31, 2013 3:33 pm

Jana1

22 Sunshine Group’s Watawala Plantations profits down 92.3% Thu Aug 01, 2013 1:40 am

Redbulls

23 Re: What a worse performance plantation Thu Aug 01, 2013 12:03 pm

aero

24 Re: What a worse performance plantation Thu Aug 01, 2013 4:49 pm

celtic tiger

25 Re: What a worse performance plantation Tue Aug 06, 2013 1:37 am

aero

26 Re: What a worse performance plantation Tue Aug 06, 2013 7:04 pm

Gaja

27 Re: What a worse performance plantation Thu Aug 08, 2013 1:37 pm

Gaudente

28 Re: What a worse performance plantation Thu Aug 08, 2013 1:43 pm

Slstock

29 Re: What a worse performance plantation

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