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
Contribute
Submit Post

Latest topics

» who owns the world trade centre?
by reyaz Today at 12:03 pm

» LIOC moving up with huge demand
by deli Today at 11:44 am

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
by SECsux Today at 11:33 am

» Is Nimal Perera trying to push down East shares using Twitter to buy More at lower price to collect dividend?
by Invest2018 Today at 11:27 am

» OPINION POLL: Presidential Elections 2020
by samaritan Today at 10:29 am

» Teller's Predictions
by samaritan Today at 9:06 am

» අගමැති ධූරයෙන් රනිල් ඉවත්වේ - ගෝඨාභයගෙන් ඇමති ධූර15 කින් යුතු භාරකාර රජයක්
by cseranga Today at 8:55 am

» GR-MR administration ready with economic strategy for Sri Lanka: Cabraal
by samaritan Today at 8:53 am

» Shares to Buy
by cseranga Today at 8:52 am

» CITRUS LEISURE PLC (REEF.N0000)
by sanjulanka Today at 5:47 am

» SMB LEASING PLC (SEMB.N0000)
by Mr-Star Yesterday at 8:22 pm

» FIRST CAPITAL HOLDINGS PLC (CFVF.N0000)
by ampm86 Yesterday at 6:45 pm

» ACCESS ENGINEERING PLC (AEL.N0000)
by cseranga Yesterday at 5:27 pm

» B P P L HOLDINGS PLC (BPPL.N0000)
by Winner123 Yesterday at 12:00 pm

» ROYAL CERAMICS PLC (RCL.N0000)
by NANDANA2012 Yesterday at 11:52 am

» S&P SL20 Companies
by Quibit Yesterday at 10:50 am

» AEL or RCL ?
by sarathwithana Yesterday at 10:33 am

» LOLC FINANCE PLC (LOFC.N0000)
by Promoney Yesterday at 9:12 am

» GENERAL ELECTION AROUND THE CORNER?
by samaritan Yesterday at 8:57 am

» First monetary policy review under new government on November 29
by fireshelter Mon Nov 18, 2019 10:53 pm

» SIERRA CABLES PLC (SIRA.N0000)
by hammurabi Mon Nov 18, 2019 8:45 pm

POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC

Advertise

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka listed company profits slightly down in March quarter

Sri Lanka listed company profits slightly down in March quarter

Go down  Message [Page 1 of 1]

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics
June 06, 2014 (LBO) - Aggregate profits of listed Sri Lanka companies were down 2 percent from year earlier to 54.3 billion rupees in the March 2014 quarter though banks and hotels were showed profit gains, an equities research report showed.

CAL Research said in the December quarter aggregate profits rose 5.9 percent.
With 265 companies reporting, aggregate revenues had grown 7 percent to 473 billion rupees in the March 2014 quarter amid weak consumer spending, the report said.

CAL Research said aggregate earnings of the bank, finance and insurance sector grew 8 percent in the March 2014 quarter, compared to a 12 percent fall in profits last year.

Diversified holdings showed a profit gain of 5 percent to 13.7 billion rupees.

Profits of hotel and travels were up 18 percent to 4.5 billion rupees, amid a recovery in tourist arrivals.

Beverage food and tobacco was down 16 percent, chemicals and pharmaceuticals were down 163 percent largely on account of a net loss at CIC Holdings, footwear and textiles down 73 percent.

Though inflation was low in the past 12 months, the currency depreciated sharply in 2012 from 110 to 130 rupees to the US dollars. Credit growth has also been weak.

Though a consumption slowdown from weak credit is temporary, inflation effects of a devaluation permanently kill both real spending power and investible capital, economic analysts say.

Currency depreciation or the lack of sound money is the most powerful tool of impoverishing citizens in the hands of a modern state.
Fort the full year total profits were down 4 percent to 104 billion rupees.

The aggregate earnings were not adjusted for one-off items, CAL Research said. Piramal Glass had a 652 million rupee actual gain on a property sale, while Sri Lanka Telecom charged 673 million rupees after losing a court case.

Browns had an unrealized gain of 2.4 billion rupees and a 652 million rupee gain on disposal.

During the bubble years of 2010 and 2011, many companies showed profits from 'fair value' gains while others shifted assets around group companies including those with bigger minority shareholders to show profits, analysts say.

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
"Though inflation was low in the past 12 months, the currency depreciated sharply in 2012 from 110 to 130 rupees to the US dollars"
IMO Rupee will not be depreciate by this much in year to come.

Back to top  Message [Page 1 of 1]

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