RED ALERT
Richard Pieris and Company PLC (RICH) Consolidated Net Earnings for the 1H 2023 decline by massive 87% (YoY) to LKR 760mn from LKR 6.07bn in 1H2022.
Dismal Performance across all subsidiaries due to operational and management level issues.
Share Price significantly Over Valued. PER 95x, PBV 1.7x
https://cdn.cse.lk/cmt/upload_report_file/509_1700049285771.11.2023%20with%20sign.pdf
Richard Pieris and Company Share Performance:
1 Month: 4.33% Loss
6 months: 10.56% Gain
Year to date: 18.44% Loss
1 Year: 9.55% Loss
Richard Pieris and Company Technical Trend: