Can someone put some light on this.
Thx
Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
stoka wrote:Both MAL and BALA has shown very good qtr results for March 2012. Whole last 3 qtr results were pretty bad. Suddenly plantations are starting to show good results. What the catch? What made them profitable suddenly in the last qtr? is is pure book manipulation?
Can someone put some light on this.
Thx
Most of the plantation companies have been benifitted with Rupee depriciation and naturaly they would report a good EPS this time.ccsentha wrote:Will FLCH follow this trend?
Rajaraam wrote:
Dear stoka, Major reason is Rupee depriciation. Coz of Rupee depriciation their export income in Rupee term has gone up.
stoka wrote:Rajaraam wrote:
Dear stoka, Major reason is Rupee depriciation. Coz of Rupee depriciation their export income in Rupee term has gone up.
Dear Rajaraam,
Rupee depreciation cannot affect Jan-March results. During that period Rupee was stable. Depreciation can affect Mar-June results.
stoka wrote:
Dear stoka, Major reason is Rupee depriciation. Coz of Rupee depriciation their export income in Rupee term has gone up.
Similar topics
Permissions in this forum:
You cannot reply to topics in this forum