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Latest Financial Status and Future Outlook of Overseas Realty PLC

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Latest Financial Status and Future Outlook of Overseas Realty PLC Screen17

The financial status and future outlook of Overseas Realty PLC can be summarized based on the information provided in the context:

Below information is provided by LankaBIZ (GPT) - Sri Lanka's First ever AI assistance for Stock Market and Research. Click below link to ask questions about any listed company in Sri Lanka.
www.lankabizz.net


Financial Status as of December 2023:
- Total Liabilities: LKR 24,115 million in 2023, down from LKR 26,603 million in 2022.
- Loans and Borrowings: LKR 992 million in 2023, significantly reduced from LKR 2,686 million in 2022.
- Shareholders’ Equity: Remained constant at LKR 18,443 million for Stated Capital, with Reserves at LKR 35,676 million in 2023, up from LKR 33,346 million in 2022.
- Financial Ratios:
 - Gross Profit Margin: 65% in 2023, a substantial increase from 45% in 2022.
 - PAT (Profit After Tax, Including Fair Value Gain) Margin: 76% in 2023, up from 40% in 2022.
 - Earnings Per Share (Including FVG): LKR 3.10 in 2023, down from LKR 4.89 in 2022.
 - Return on Equity (ROE): 7% in 2023, decreased from 12% in 2022.
 - Return on Assets (ROA): 5% in 2023, down from 8% in 2022.
 - Debt Equity Ratio: 36% in 2023, a decrease from 43% in 2022.
 - Net Assets Per Share (NAVPS): LKR 43.54 in 2023, higher than LKR 41.66 in 2022.
 - Dividend Payout Ratio: 40% in 2023, increased from 26% in 2022.
 - PE Ratio: 5 times in 2023, up from 4 times in 2022.

Future Outlook
- The Management Review of Operations (pages 13 to 15) and Financial Review (Pages 16 to 18) in the Annual Report contain a detailed assessment of the financial and operational performance of the Company and its subsidiaries, as well as future developments.
- Segment-wise contributions to Group revenue, results, assets, and liabilities are disclosed in the Notes to the Financial Statements (pages 87 to 130), which reflect the state of affairs and the period under review.
- The company's subsidiaries and sub-subsidiaries are engaged in various real estate-related activities, including property leasing, property management, and trading of lighting solutions and construction industry-related products, which may indicate a diversified revenue stream.

The information provided suggests that Overseas Realty PLC has managed to reduce its liabilities and improve its gross profit margin significantly in 2023 compared to 2022. However, there has been a decrease in ROE and ROA, indicating a lower return on equity and assets. The company has maintained a stable shareholders' equity and increased its reserves, which could be a positive sign for future stability and growth. The detailed future outlook would be available in the Management Review of Operations and Financial Review sections of the Annual Report.

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