Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum 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
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» How Selvanthan's control Beer Industry in Sri Lanka
by hammurabi Today at 4:44 pm

» Copreus (Pvt) Ltd - Need some Information
by Miss-Sangeetha Today at 3:09 pm

» 8 Finance companaies to be closed very soon
by wisdom79 Today at 7:36 am

» Why AAIC Should trade above RS.50/-
by wisdom79 Today at 7:25 am

» Sri Lanka’s largest pension fund EPF return to Colombo Stocks
by samaritan Yesterday at 4:04 pm

» Head and Shoulders Top
by freeforexsignals2020 Yesterday at 8:49 am

» UNION BANK (UBC) to be takeover by Union bank of india
by aklt Yesterday at 1:20 am

» INVEST ON AAIC, HASU, UAL.... YOU WILL NEVER WORRY......
by wisdom79 Fri May 24, 2019 7:42 pm

» Pakistan’s trade with Sri Lanka comes to a halt
by soileconomy Fri May 24, 2019 7:35 pm

» Daily Stock Market Update
by Teller Fri May 24, 2019 7:18 pm

» Market will test 4700
by karuna2 Fri May 24, 2019 12:25 pm

» Keep eye on Politics
by samaritan Fri May 24, 2019 11:49 am

» CSE from Dawn of Peace to Rebirth of Terrorism
by Yahapalanaya Fri May 24, 2019 9:59 am

» EAST Steady at 18
by mark Fri May 24, 2019 9:25 am

» New Support Level 5300
by hammurabi Thu May 23, 2019 8:47 pm

» LIOC upward curve
by karuna2 Thu May 23, 2019 5:57 pm

» SEC yet to publish its 2017 Annual Report
by Teller Thu May 23, 2019 5:10 pm

» HNB Assurance March net down 83-pct
by Teller Thu May 23, 2019 1:18 pm

» PABC net down 13-pct in March; loans contract
by Teller Thu May 23, 2019 1:15 pm

» Indian stocks jumped to record highs
by Teller Thu May 23, 2019 1:13 pm

» modi wins-India to no1 in the world
by Teller Thu May 23, 2019 1:07 pm

» Hayleys revenue up 34% YoY to Rs 219 bn in FY 18/19
by Teller Thu May 23, 2019 1:02 pm

» undervalued stock
by Teller Thu May 23, 2019 1:00 pm

» CIND , 10% guaranteed return
by Teller Thu May 23, 2019 12:57 pm

» INVITATION TO FORUM MODERATORS
by Agape Thu May 23, 2019 8:52 am

» Reputation???
by Uaecoindubai Wed May 22, 2019 7:12 pm

» AIA INSURANCE DE-LISTING (CTCE)
by lokka1 Wed May 22, 2019 12:55 pm

» Sri Lanka’s Top 10 Imports
by Gajaya Wed May 22, 2019 11:16 am

» Top 10 Small Scale Business ideas & Opportunities in Sri Lanka 2019
by Gajaya Wed May 22, 2019 11:15 am

» when bank lending rates put down ?
by nuwanmja Wed May 22, 2019 11:01 am

» Sri Lanka's EPF enters stock market with blood in the streets
by God Father Tue May 21, 2019 8:21 pm

» Sri Lanka caught in the big power conflicts
by God Father Tue May 21, 2019 8:16 pm

» High Profile Selling at EAST
by Uaecoindubai Tue May 21, 2019 4:43 pm

» A Trader’s Guide to FIX Engine
by Brenda John Tue May 21, 2019 11:24 am

» Reasons for market to crash
by Uaecoindubai Tue May 21, 2019 10:08 am

» ගෙවුම් ශේෂය, වාහන බලපත් හා ඩොලරයේ මිල
by ChooBoy Mon May 20, 2019 5:59 pm

» Terrorism and its Impact on the Sri Lankan Economy
by ChooBoy Mon May 20, 2019 5:41 pm

» Sri Lanka Equity Market Place
by Sstar Mon May 20, 2019 4:36 pm

» Sri Lanka Equity Market Talk
by Sstar Mon May 20, 2019 12:23 pm

» Sri Lanka Equity Market Help
by Sstar Mon May 20, 2019 12:18 pm

» LOFC IN FOR A BIG RUN
by stockback Sun May 19, 2019 5:20 pm

» Look PAP Amazing company
by Uaecoindubai Sun May 19, 2019 5:13 pm

» Sri Lanka Equity Market Place
by Uaecoindubai Sun May 19, 2019 5:13 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka broiler chicken see pick-up despite currency depreciation woes

Sri Lanka broiler chicken see pick-up despite currency depreciation woes

Go down  Message [Page 1 of 1]

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ECONOMYNEXT - Sri Lanka's broiler chicken demand is picking up, despite continuous hit to the sector from currency depreciation and the issue of maize import permits to third parties, Ceylon Grain Elevators, a poultry and feed-milling group said.

Revenues rose 4 percent to 3.9 billion rupees in the June 2018 quarter from a year earlier.

"The positive market sentiment for chicken consumption has contributed to increase in the Group revenue from Broiler day old chicks and Broiler feed," Executive Director Cheng Chih Kwong, Primus told shareholders in a quarterly review.

"The Group revenue was further strengthened by the demand for Cattle feed in the embryonic Dairy industry."

The egg market was still unstable and there were unsold layer day old chicks, Three Acre Farms Plc, the CGE unit involved in poultry said.

CGE was hit by rising maize prices, the key ingredient of its feed business and practice by the rulers to issue import permits to third parties. 

"Acute shortage of local Maize, a key raw material for poultry feed has continued to be a major challenge to the animal feed industry," CGE said. 

"The Country’s feed millers are still waiting for positive response from the Government on their long outstanding appeals for Maize import permits to be issued directly to them.

Analysts say permits are key tool of corruption in many countries.

Ceylon Grain Elevators said currency depreciation pushed up costs.

In the June quarter revenues rose 4 percent from a year earlier, cost of sales rose at a slower 2 percent to 3.59 billion rupees allowing gross profits to grow 22 percent to 396 million rupees.

Group profit after tax rose 23 percent to 173.6 million rupees, giving earnings of 6.94 rupees per share. The stock rose 90 cents to 63.90 rupees. (Colombo/Aug08/2018)

Back to top  Message [Page 1 of 1]

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