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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Watawala Plantation

Watawala Plantation

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1Watawala Plantation Empty Watawala Plantation Thu Aug 06, 2020 5:28 pm

jaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
[url=https://cdn.cse.lk/cmt/announcement_portal_prod/Corporate Disclosure - Amended_1374185460368325.pdf]https://cdn.cse.lk/cmt/announcement_portal_prod/Corporate%20Disclosure%20-%20Amended_1374185460368325.pdf[/url]

2Watawala Plantation Empty Re: Watawala Plantation Thu Aug 20, 2020 10:28 pm

ADVENTUS


Moderator
Moderator
President's policy statement: Palm oil cultivation banned
Addressing the inaugural session of the ninth Parliament today (20), the President announced that he would prohibit the cultivation of palm oil, among other measures to aid the plantations sector.
He presented his policy statement at the Parliament after ceremonially declaring the ninth Parliament open today (20).
He said that the income from industries such as tea, coconut and rubber are currently unsatisfactory.
"We will commence operations to develop tea plantations, while assisting small and medium scale tea estate owners as well. Due to the shutting down of tea factories, tea estate owners have encountered a number of difficulties. We will restart these factories and eliminate existing irregularities simultaneously encouraging the export of high quality tea products. We will reclaim the global brand name we held for Ceylon Tea." he stated.
Accordingly, the planting of coconut saplings will be encouraged, and to enact a reasonable price for rubber, local rubber industrialists will be encouraged to utilise their own products. 
He further stated that the cultivation of palm oil trees will be stopped completely.  
Furthermore, the production of export crops, such as pepper and cinnamon, will be promoted, and opportunities to generate substantial foreign exchange will be provided to farmers through value addition to agricultural products and export measures

3Watawala Plantation Empty Re: Watawala Plantation Fri Aug 21, 2020 11:08 am

pra4u

pra4u
Manager - Equity Analytics
Manager - Equity Analytics
Tellers view

ADVENTUS likes this post

4Watawala Plantation Empty Re: Watawala Plantation Fri Aug 21, 2020 5:11 pm

100Bill

100Bill
Senior Equity Analytic
Senior Equity Analytic
Total revenue for the year was LKR 3.3 Bn., of which LKR 2.7 Bn. was from palm oil. The ban on replanting the old trees is however a serious problem, which is bound to have a negative impact on our profitability in the years to come if it continues...

From Chairman's mssg.

5Watawala Plantation Empty Re: Watawala Plantation Fri Aug 21, 2020 11:43 pm

Teller

Teller
Moderator
Moderator
Dont worry on WATA. Our investors are more educated than before . We had panic investors earlier but not now. I estimate nearly 1 lkh acres or above may cultivate currently palm. Definitely government will not get such a stupid decision to kill the cultivation but surely will ban on gonig and future new cultivations.


_________________




Teller said is said..

6Watawala Plantation Empty Re: Watawala Plantation Sat Aug 22, 2020 1:51 pm

chathura123


Manager - Equity Analytics
Manager - Equity Analytics
Govt .will not destroy what have now .but what is about young plants at nurseries ?
How much cost companies have to incur ?
I is difficult to quantify??

7Watawala Plantation Empty Re: Watawala Plantation Sat Aug 22, 2020 1:51 pm

chathura123


Manager - Equity Analytics
Manager - Equity Analytics
Govt .will not destroy what have now .but what is about young plants at nurseries ?
How much cost companies have to incur ?
I is difficult to quantify??

8Watawala Plantation Empty Re: Watawala Plantation Sat Aug 22, 2020 1:52 pm

chathura123


Manager - Equity Analytics
Manager - Equity Analytics
Govt .will not destroy what have now .but what is about young plants at nurseries ?
How much cost companies have to incur ?
I is difficult to quantify??

9Watawala Plantation Empty Re: Watawala Plantation Sun Aug 23, 2020 3:28 pm

ADVENTUS


Moderator
Moderator
Presidents irresponsible statement is going to cause problems. 

Plantation companies to lose Rs 500 mn. due to govt. vacillation on oil palm
https://island.lk/plantation-companies-to-lose-rs-500-mn-due-to-govt-vacillation-on-oil-palm/?fbclid=IwAR1e8wRL9vGR6pzInPn_TM1JXjfOehfT_0XSDhqcKAHOr4iN2AEEq4xtmc8

10Watawala Plantation Empty Re: Watawala Plantation Sun Aug 23, 2020 5:40 pm

chathura123


Manager - Equity Analytics
Manager - Equity Analytics
It is not irresponsible so many areas in southern province caused lot of issues.EU also ban import of plan oil based products

11Watawala Plantation Empty Re: Watawala Plantation Mon Aug 24, 2020 12:54 am

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Rs.000'Rs.000'Rs.000'Rs.000'
PlantationRevenue from palm oil total revenueGP from palm oiltotal gross profit (GP)palm oil contri. for revenue %palm oil contri. for GP %
NAMU       957,761.00      2,414,327.00       581,279.00        336,354.00 39.67%172.82%
       
WATA   2,675,317.00      3,326,800.00   1,362,601.00    1,285,724.00 80.42%105.98%
       
ELPL       732,000.00      3,547,947.00       493,000.00        752,546.00 20.63%65.51%
       
KOTA         93,044.00      3,269,606.00         38,125.00     (206,859.00)2.85%36.00%
       

lal62 likes this post

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