29-Nov-2012 Interim financial statements 30-09-2012

sriranga · 1 29-Nov-2012 Interim financial statements 30-09-2012 Thu Nov 29, 2012 5:30 pm

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ASIA SIYAKA COMMODITIES
http://www.cse.lk/cmt/upload_report_file/1205_1354188512234.pdf

INFRASTRUCTURE DEVELOPERS
http://www.cse.lk/cmt/upload_report_file/624_1354184161.pdf

MULTI FINANCE
http://www.cse.lk/cmt/upload_report_file/1062_1354189389637.pdf

RAIGAM WAYAMBA SALTERNS
http://www.cse.lk/cmt/upload_report_file/948_1354181255393.pdf

ORIENT FINANCE
http://www.cse.lk/cmt/upload_report_file/1184_1354189116715.pdf

VALLIBEL ONE
http://www.cse.lk/cmt/upload_report_file/1074_1354188577108.pdf

Interim Financial Statements for the period ended 30-09-2012 have been uploaded on the CSE website.

sriranga · 2 Sri Lanka's Vallibel net down 21-pct in first half Fri Nov 30, 2012 3:15 pm

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Nov 30, 2012 (LBO) - Sri Lanka's Vallibel One Plc, which has interests in ceramics, finance and leisure said profits fell 21 percent to 796 million rupees in the six months to September 2012 from a year earlier amid lower profits from tiles and higher finance costs.

The firm reported 74 cents in profits per share for the half year.

Revenues grew 42 percent to 15.2 billion rupees, cost of sales grew at a faster 53 percent to 10.7 billion rupees and gross profits grew 22 percent to 4.4 billion rupees.

Finance costs grew 154 percent to 596 million rupees.

Profits at its tile business, manufactured by subsidiary Royal Ceramics in which Vallibel One has a 51 percent stake, had fallen to 413 million rupees from 794 million rupees.

Profits from sanitary ware profits rose to 110 million rupees from 63 million rupees a year earlier.

Paints lost 13.5 million rupees, from a profit of 7.5 million rupees a year earlier. Profits from financial units rose to 941 million rupees from 841 million.
http://lbo.lk/fullstory.php?nid=1040079739

sriranga · 3 Stellar performance by Orient Finance Wed Dec 05, 2012 2:06 am

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Orient Finance PLC achieved a commendable performance for the six month period ended 30 September 2012 recording an income of Rs.382 million as against the Rs. 221 million income for the same period of the previous year. This is a 73% increase over the same period last year. The Company was able to record this performance mainly due to continued growth of its lending portfolio and sound collection practices.

The Company reported a Profit After Tax of Rs. 88.6 million which is a 80% growth as against the previous year Profit After Tax of Rs. 49 million. Accordingly the EPS of the Company increased to Rs. 0.77 for the six months period from Rs. 0.52 recorded for the corresponding period of the previous year, recording a 48% growth. This has been achieved through maintaining adequate interest margins and stringent management of the overhead expenses as against the income growth. Overhead expenses have increased by 24% whereas the income has increased by 73% during the period under review.

Net Interest Income also recorded a 22.8% growth over the corresponding period of the previous year despite the increase of interest expenses by 203% due to the increase in market rates and increase in total borrowings to finance the increasing lending portfolio of the Company. The Company has increased its gross lending portfolio to Rs.2,903 million by 30 September 2012 which was Rs 1,718 million as at 30 September 2011.

Orient Finance PLC has taken steps to prudently manage and minimize the funding costs through professional treasury management practices. The Company obtained a license from the Monetary Board of the Central Bank under the Finance Business Act No.42 of 2011, Orient Finance commenced accepting Fixed Deposits from August 2012.
http://www.dailynews.lk/2012/12/05/bus03.asp