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FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » December Quarter Earnings highest in the history of CSE!

December Quarter Earnings highest in the history of CSE!

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samaritan

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December Quarter Earnings highest in the history of CSE! 127518-126478

  • Combined value of Rs. 85 billion [b]is highest quarterly earnings in the history of CSE[/b]
  • Growth continued beyond pent-up demand in 3Q of 2020 up 15.6% QoQ
  • Multiple based valuations down as earnings soared 33% YoY



Listed corporates combined have posted their best earnings ever of Rs. 85 billion in the quarter ended on 31 December 2020, setting a new record despite COVID-19 linked challenges.

Softlogic Stockbrokers, which analysed the earnings, said yesterday that the combined figure reflected a 33.3% increase year-on-year (YoY) and it was the best ever in the Colombo Stock Exchange. 



http://www.ft.lk/front-page/Listed-corporates-post-best-earnings-ever-in-Dec-quarter/44-714521?fbclid=IwAR2rKMATRmBmEYQmDMwTB5-4l7Srbl1JHgSuhgCzbYbjpD-ZpW6hTsoOCNk

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and the market is not moving upwards.....

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Post Wed Mar 10, 2021 1:52 pm by samaritan

Mr. X wrote:and the market is not moving upwards.....
Inconsistent policies can cause wreck and that's what we are witnessing.

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Post Wed Mar 10, 2021 5:28 pm by samaritan

samaritan wrote:
Mr. X wrote:and the market is not moving upwards.....
Inconsistent policies can cause wreck and that's what we are witnessing.
There have been various false rumours spread in relation to govt policies and based on that some resorted to selling. In my view the market is expected to bounce back on friday onwards.

Kipling and spksd like this post

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