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Haycarb PLC results out - Last Qtr profits down 50%  Vote_lcap16%Haycarb PLC results out - Last Qtr profits down 50%  Vote_rcap 16% [ 43 ]
Haycarb PLC results out - Last Qtr profits down 50%  Vote_lcap21%Haycarb PLC results out - Last Qtr profits down 50%  Vote_rcap 21% [ 57 ]
Haycarb PLC results out - Last Qtr profits down 50%  Vote_lcap30%Haycarb PLC results out - Last Qtr profits down 50%  Vote_rcap 30% [ 83 ]
Haycarb PLC results out - Last Qtr profits down 50%  Vote_lcap34%Haycarb PLC results out - Last Qtr profits down 50%  Vote_rcap 34% [ 93 ]

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Haycarb PLC results out - Last Qtr profits down 50%

Haycarb PLC results out - Last Qtr profits down 50%

4 posters

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amibroker


Manager - Equity Analytics
Manager - Equity Analytics


Haycarb PLC results out - Last Qtr profits down 50%

http://www.cse.lk/cmt/upload_report_file/494_1305112153.pdf

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

HAYC is one of the largest coconut shell based activated carbon manufacturer in the world.

Though profit is down by 50% when we compare the same period last year, they are recovering. They have achieved Rs3.74 EPS in this quarter. That's better than I expected. Due to rainy weather season during January there was a shortage on raw materials.

http://forum.srilankaequity.com/t3011-coconut-output-in-sl-falls-42-yoy-in-jan-feb-2011

But still annualized EPS is Rs.17/-, which mean it's undervalued. They should do better in the coming quarter if they get the raw materials regularly.

http://www.lbo.lk/fullstory.php?nid=12298738

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Monster wrote:HAYC is one of the largest coconut shell based activated carbon manufacturer in the world.

Though profit is down by 50% when we compare the same period last year, they are recovering. They have achieved Rs3.74 EPS in this quarter. That's better than I expected. Due to rainy weather season during January there was a shortage on raw materials.

http://forum.srilankaequity.com/t3011-coconut-output-in-sl-falls-42-yoy-in-jan-feb-2011

But still annualized EPS is Rs.17/-, which mean it's undervalued. They should do better in the coming quarter if they get the raw materials regularly.

http://www.lbo.lk/fullstory.php?nid=12298738

Yes their profits is better than expected.
It is interesting to see that the company profits increased YoY but the group profits reduced. I presume the company is doing ok.

I dont know exactly what is the meaning of "share of profit of equity accounted investee" . In the group report that has been reduced significantly compare to last year.

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

The share of profit from equity invested investee refers to profits from Carbotels - part of hotels arm of HAYL. HAYC has approximately a 25% holding in Carbotels.

Carbotels sold its stake in LHL in March 2010 (selling to government controlled entities), booking large capital gains in the process, which were proportionately consolidated into HAYC's 4Q profits last year.

See this announcement by HAYL -
http://www.cse.lk/cmt/uploadAnnounceFiles/2191268894695_505.pdf

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