Haycarb PLC results out - Last Qtr profits down 50%
http://www.cse.lk/cmt/upload_report_file/494_1305112153.pdf
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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
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