AGAL results out!

Rajitha · 1 AGAL results out! Mon Feb 28, 2011 7:10 pm

Rajitha

Assistant Vice President - Equity Analytics

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http://www.cse.lk/cmt/upload_report_file/704_1298890882.pdf
Great turn around Profit for the year from los of Rs 3.85 EPS to Gain of Rs 7.05. Also the Group was suffering loss from their subs a lot till last quarter but it seems they have been turn those around! If not for the oil palm loss we witnessed from bad weather the results would have looked even more amazing!!
Also the they have started cultivating almost 1/3 the uncultivated land they had!

tubal · 2 Re: AGAL results out! Mon Feb 28, 2011 7:38 pm

tubal

Vice President - Equity Analytics

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Don't put too much weight on the 12 month figure. Remember it has three quarters that we have already seen and factored into the current price of this stock.

What matters is the latest quarter. That's pretty disappointing. Inspite of the high commodity prices, they have minimal growth. So I would say this is actually over valued.