The financial performance of Dipped Products PLC can be analyzed based on the interim financial data provided in the context. Here are some key points derived from the documents:
- Revenue Performance:
- For the nine months ending on 31/12/2023, the Group’s revenue from contracts with customers was Rs. 6,842,859,000, which represents a decrease of 15% compared to the revenue of Rs. 8,012,655,000 for the same period in the previous year.
- For the three months ending on 31/12/2023, the Group’s revenue was not explicitly stated in the provided context.
- Profitability:
- The Group’s profit for the period ending on 31/12/2023 was Rs. 1,095,164,000.
- The profit before tax for the Group as of 31/12/2023 was Rs. 1,345,363,000, which is a significant decrease of 74% from the profit before tax of Rs. 5,172,720,000 reported for the same period in the previous year.
- Expenses:
- Administrative expenses for the nine months ending on 31/12/2023 were Rs. 1,081,727,000, showing an increase of 10% from the previous year’s figure of Rs. 980,364,000.
- Finance costs for the same period were significantly reduced by 71%, from Rs. 414,859,000 in the previous year to Rs. 120,662,000.
- Finance income decreased by 89%, from Rs. 1,398,737,000 in the previous year to Rs. 157,955,000.
- Equity and Comprehensive Income:
- The total comprehensive income for the year was Rs. 1,095,164,000.
- The balance as at 31/12/2023, after accounting for the total transactions with owners recorded directly in equity, was Rs. 598,615,000.
- Segment Results:
- The segment results for Plantations were Rs. 4,088,272,000, which is a decrease from the previous year’s results of Rs. 7,088,488,000.
- Share Capital:
- The number of ordinary shares on issue as at 31/12/2023 was 598,615,120.
- Compliance:
- It is certified that the interim financial statements have been prepared in compliance with the requirements of the Companies Act No.7 of 2007.
These points provide an overview of the financial performance of Dipped Products PLC based on the interim financial statements for the period ending 31/12/2023. The data indicates a decrease in revenue and profit before tax compared to the previous year, alongside a decrease in finance income and an increase in administrative expenses.
Above analysis and information is compiled by LankaBIZ (GPT) – Sri Lanka’s First ever AI Assistant for Stock Market and Research. Click below link to ask questions about any listed company in Sri Lanka.
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