Spence 31.12.2013 Results

Gaja · 1 Spence 31.12.2013 Results Fri Feb 07, 2014 6:55 pm

Gaja

Associate Director - Equity Analytics

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http://www.cse.lk/cmt/upload_report_file/501_1391764582482.pdf

1 Melstacorp (Private) Limited 166,826,598 41.09 as at 31.12.2013

1 Melstacorp (Private) Limited 161,629,983 39.81 as at 30.09.2013

Did they make announcement about this additions? I feel they are supposed to announce this!!!

For the 9 months turnover dropped by 2.95 Billion, Net Profit .23 Billion before other comprehensive adjustments, considerable drop in the Material Consumed and increase in Other operating income ( is it from the sale of the thermal power plant?)

Slstock · 2 Re: Spence 31.12.2013 Results Fri Feb 07, 2014 7:30 pm

Slstock

Director - Equity Analytics

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Gaja, we knew the last 2 quarters were bad.

But if we look at DEC quarter it is quite good. Revenue and profits increased ( Mainly thanks to AHUN also ). Eps is up 50% to Rs 2.66. No real other income.

Overall all sectors except Investment performed better . ( this is without the big power plant)

Was expecting worse. Gives good hope now.

Other point you mentioned need to be studied.

Actually most of today big company results for DEC are not bad.

CFIN, AHUN, SPEN, CTC, UML , Soft Capital all did well.

RHL, is showing big growth but they have to cut their costs which is effecting profits.

KDDND · 3 Re: Spence 31.12.2013 Results Sat Feb 08, 2014 10:51 am

KDDND

Assistant Vice President - Equity Analytics

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I agree with GAJA and SLS.....
There are good sign in all aspect you mentioned

Mates are there problem with cash flow.....???
It's increased (value)

Hmm....???.

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Spence 31.12.2013 Results

1 Spence 31.12.2013 Results Fri Feb 07, 2014 6:55 pm

Gaja

2 Re: Spence 31.12.2013 Results Fri Feb 07, 2014 7:30 pm

Slstock

3 Re: Spence 31.12.2013 Results Sat Feb 08, 2014 10:51 am

KDDND

4 Re: Spence 31.12.2013 Results

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