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.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» BROWNS INVESTMENTS PLC (BIL.N0000)
by MoneyLover Today at 7:16 pm

» What is "Introductions" in Upcoming listing in CSE?
by Nandun Today at 1:46 pm

» Glove stocks fall after Top Glove posts weaker 4Q results
by ResearchMan Today at 1:37 pm

» KOTAGALA PLANTATION
by stockchaser Today at 8:03 am

» The stock market can be a great place to make money; it can also be a great place to lose money. Stock market for beginners
by Economatta Today at 6:16 am

» LOFC AND CLC Target Price??
by Captain Yesterday at 9:17 pm

» Top Foreign Trading today
by SAGA Yesterday at 6:32 pm

» Top crossings today
by SAGA Yesterday at 5:01 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Sunimal Yesterday at 12:52 pm

» Amana Takaful ATL & ATLL
by kanishkaecomm Yesterday at 12:17 pm

» Best Time to Collect Cic X
by Value Pick Yesterday at 8:15 am

» Why is First Capital Holdings being dumped?
by Berryfund Yesterday at 6:29 am

» AGST can move
by Zayden River Thu Sep 16, 2021 11:58 pm

» COMMERCIAL CREDIT AND FINANCE PLC (COCR.N0000)
by newone Thu Sep 16, 2021 11:57 pm

» AGSTAR PLC (AGST.N0000)
by Zayden River Thu Sep 16, 2021 11:57 pm

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by Bakkabwoi Thu Sep 16, 2021 8:10 pm

» Twitter accounts related to the stock market
by Bakkabwoi Thu Sep 16, 2021 8:09 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by xhunter Thu Sep 16, 2021 7:55 pm

» LOFC LOFC LOFC
by madukp Thu Sep 16, 2021 6:49 pm

» How Equity Emerged the Top Asset Class During a Pandemic
by samaritan Thu Sep 16, 2021 6:30 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Textured Jersey June net profit up 26%

Textured Jersey June net profit up 26%

3 posters

Go down  Message [Page 1 of 1]

1Textured Jersey June net profit up 26% Empty Textured Jersey June net profit up 26% Mon Aug 10, 2015 9:29 am

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Weft knit manufacturer Textured Jersey Lanka PLC (TJL) reported a net profit of Rs.206 million for the quarter ended June 30, 2015 (1Q16), up 26 percent year-on-year (yoy). Basic earnings per share improved to 31 cents from 25 cents. 

According to TJL Chairman Bill Lam, the company achieved two key strategic milestones during the year; announcing the acquisitions of Ocean India (Private) Limited (OCI) and Quenby Lanka Prints (Private) Limited (QLP). During 1Q16, pursuant to the conclusion of all legal and regulatory formalities, TJL was able to consolidate QLP as a wholly owned subsidiary of TJL with effect from 1st June 2015. 

Accordingly, for 1Q16 TJL recorded consolidated revenue of Rs.2.8 billion. For the quarter under review, on a standalone basis TJL recorded a net profit of Rs.189 million up 15 percent yoy. 

This result was achieved on the back of a topline of Rs.2.7 billion representing a 2 percent yoy increase, while the gross profit came in at Rs.297 million, up 36 percept compared to the same period last year. 

The increase in gross profit could be directly attributable to the improved margins achieved during the quarter under review. According to Lam, this reflects the impact of the previously expanded manufacturing capacity now translating to bottom line margins. administrative expenses due to systems and processes being strengthened to accommodate the planned expansion strategy, the strong performance at gross profit level allowed TJL to post an operating profit of Rs.171mn up 39 percent yoy on a standalone basis. On a consolidated basis, TJL reported an operating profit of Rs. 188 million. 

TJL continued to maintain a strong balance sheet as at  June 30, 2015, with Rs.3.4 billion in cash and zero long term debt. However Rs.1.4 billion of short term debt was added to manage and optimize the timing effects of cash flows and investments. Despite the better cash position versus a year before, lower interest rates led to net finance income dropping 51 percent to Rs.8.7 million compared to 1Q15. 

Commenting on expansion plans, Lam highlighted that the business integration and value creation process of QLP is well underway while all the ground work has been laid to commence the ramp up of the integration process with OCI. He concluded by stating that the TJL management is encouraged by the positive responses given by its customers towards the recent acquisitions and remain confident that the steps taken will lay a solid foundation for long term growth.  
Courtesy: Daily Mirror 7 August 2015

nis2010


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
finally TJL jumped to 32+ cheers cheers cheers cheers

thankrishan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
See the buy and sell order. Will reach 35+ in very short period.
Happy times ahead!!! Very Happy Very Happy Very Happy

nis2010


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@thankrishan wrote:See the buy and sell order. Will reach 35+ in very short period.
Happy times ahead!!! Very Happy Very Happy Very Happy
yes. all brokers are recommend this stock.

5Textured Jersey June net profit up 26% Empty Re: Textured Jersey June net profit up 26% Fri Aug 14, 2015 11:15 am

nis2010


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
CMP reached to Very Happy Very Happy Very Happy Very Happy 32.30.

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum