Category: Research
Vallibel Finance Shows Strong Profitability Amid Mixed Revenue Trends
January 19, 2025 – Colombo: Vallibel Finance PLC has reported a robust surge in net profitability despite challenges in revenue generation during the quarter ended December 31, 2024. The company’s net profit climbed 51.1% year-on-year to LKR 718.6 million, underpinned by reduced impairment charges and cost discipline. However, gross income fell by 2.6% to LKR 4.82…
Nations Trust Banks PLC becomes the top performer in the Banking Sector in 3Q 2024
Colombo, Sri Lanka (LankaBIZ) Nov 19, 2024 -According to latest comparative analysis of all banking sector companies, Nations Trust Bank PLC has become the top-performing bank for the 9 months ended 30th September 2024 based on its strong profitability, low Price-to-Earnings Ratio, high Return on Equity, excellent Net Interest Margin, and superior credit quality. These…
NDB delivers solid profits amidst gradually reviving economic conditions
Analysis of financial performance Income and Profitability: NDB recorded a net operating income of Rs. 21.5 Bn for the period under review covering the nine months ended 30 September 2024, a 9% increase over the comparative period of 2023 (YoY). The notable reduction in impairment charges by 21% YoY augured well in maintaining the healthy…
Sampath Bank reported a profit before tax (PBT) of Rs 29.9 Bn for the nine-months of 2024
Key financial highlights for the period ended 30th September 2024 Fund based incomeThe Bank reported a total interest income of Rs 139 Bn for the nine-month period, reflecting a 9.6% decline compared to the same period last year, primarily due to a decrease in the AWPLR while interest expense for the period amounted to Rs…
John Keells Holdings PLC share Price is likely to fall after Capital Restructure
Share Price of John Keells Holding PLC (JKH.N000) after the proposed Rights Issue and Subdivision of Shares expected to be around LKR 17/= per share according theoretical (Ex Rights. Ex Sub-division) calculation. Download the full report. Download Report: https://lankabizz.net/product/john-keells-holdings-plc-undefined-future/ Current Market Status (as of August 1, 2024):John Keells Holdings PLC (JKH) is a leading player in…
Seylan Bank PLC reports 10.7% reduction in Net Interest Income (NII) for 9 months ended 30th September 2024
Colombo, Oct 31 (LankaBIZ) -The reduction in impairment charges by such a huge amount seems to be somewhat questionable. This move by the bank could be viewed as an attempt to offset the decline in interest income, possibly using impairment adjustments to present an improved financial picture. Financial Highlights Download Full Research Report
Pan Asia Banking Corporation (PABC) Profit After Tax Increased by 11% in 1H 2024
Pan Asia Banking Corporation PLC (PABC.N0000) showcased a robust overall performance during the first half of 2024. The bank achieved significant growth in its core income streams, driven by a substantial increase in net interest income and fee-based income, demonstrating effective management of interest margins and fee generation. The strategic focus on cost management led to…
John Keells Hotels (KHL) Reports a loss of Rs. 0.86 per share in 1Q 2024/25
John Keells Hotels PLC (KHL.N0000) overall financial performance for the three months ended 30 June 2024 was challenging, marked by a decline in revenue and gross profit, coupled with high operating expenses. Despite efforts to manage costs, the company reported a significant operating loss, further exacerbated by substantial finance costs. This led to an increased…
LOLC Finance PLC reports 40% increase in PAT for FY 2023/24
LOLC Finance PLC is a premier non-bank financial institution (NBFI) in Sri Lanka, renowned for its comprehensive range of financial products and services. Established in 2001, LOLC Finance PLC has grown to become a significant player in the financial sector, offering services that cater to diverse customer needs, including personal and business loans, leasing, and…
TAL Lanka PLC Reports Loss per Share of LKR (1.81) for 2Q2024
Financial Performance of TAL Lanka PLC for the Period Ended 30 June 2024 Statement of Financial Position Equity and Liabilities Analysis TAL Lanka PLC experienced a challenging period with a significant decline in net profit and increased finance costs. The company’s revenue decreased slightly, while the cost of sales saw a modest reduction. Administrative expenses…
LB Finance PLC: 2Q2024 Income Decreased by 11%
The interim financial performance of LB Finance PLC for the period ended 30 June 2024 highlights key financial metrics compared to the same period in 2023. Below is a summary of the financial performance based on the provided interim financial statements: Statement of Comprehensive Income (Company) Key Figures: Statement of Comprehensive Income (Group) Key Figures:…
Lion Brewery PLC revenue increased by 16%
Research Report of Lion Brewery (Ceylon) PLC for year ended 31st March 2024 1. Company Profile History and Overview: Lion Brewery (Ceylon) PLC, a subsidiary of Carson Cumberbatch & Co. Ltd., has a rich heritage spanning over a century in the brewing industry. Established in 1849 in the picturesque region of Nuwara Eliya, the company has…
WindForce PLC reported a 18% increase in revenue
Research Report of WindForce PLC for year ended 31st March 2024 Overview WindForce PLC, established in July 2010, is Sri Lanka’s largest renewable energy producer with a significant global presence. The company specializes in the development, construction, and management of state-of-the-art renewable energy plants, focusing on wind, solar, and hydroelectric power. This report provides a…
Aitken Spence Hotel Holdings PLC Profit before tax surged by 83%
Company Profile & Background Introduction: Aitken Spence Hotel Holdings PLC, trading under the ticker AHUN.N0000, is a leading hotel operator based in Sri Lanka. It is a subsidiary of Aitken Spence PLC, one of Sri Lanka’s most respected and diversified conglomerates with interests spanning various sectors, including maritime and logistics, strategic investments, services, and tourism. Aitken…
LAUGFS Power PLC turned around to a profit of Rs. 51.98 million in 2023/24
The financial performance of LAUGFS Power PLC for the year ended March 31, 2024, shows both stability and growth, with notable highlights in hydro and solar energy segments. Performance Highlights Financial Ratios Asset and Liability Overview Segment Performance Strategic Initiatives and Future Outlook LAUGFS Power is focusing on expanding its renewable energy portfolio, including solar…
Financial Performance of LOLC Holdings PLC for the Year Ended 31st March 2024
1. Statement of Financial Position Assets: Liabilities and Equity: 2. Statement of Profit or Loss Continuing Operations: Discontinued Operations: 3. Statement of Comprehensive Income 4. Statement of Changes in Equity 5. Statement of Cash Flows 6. Notes to the Financial Statements LOLC Holdings PLC demonstrated substantial asset growth and an improvement in total equity for…
Vallibel One PLC reported a PAT of LKR 17,444 mn for FY 2023/24
Vallibel One PLC is a leading diversified conglomerate in Sri Lanka, engaged in multiple sectors including lifestyle, finance, aluminum, leisure, consumer, and investments. The company has demonstrated resilience and a commitment to sustainable growth amidst challenging economic conditions. Financial Performance Revenue and Profitability: Margins and Ratios: Key Indicators Asset Base: Equity and Debt: Cash Flows…
HNB Finance PLC reports PAT of LKR 621 mn for FY2023/24
HNB Finance PLC has undergone significant transformation and achieved remarkable financial turnaround during the fiscal year ending 31st March 2024. The company has strategically navigated economic challenges and leveraged its robust operational capabilities to deliver substantial growth and improved financial performance. Financial Performance Highlights Strategic Initiatives and Operational Achievements Future Outlook HNB Finance PLC is…
Abans Finance PLC reports Net Profit of LKR 355mn for FY 2023/24
Abans Finance PLC, a key non-banking financial institution in Sri Lanka, has demonstrated resilience and strategic foresight amidst a challenging economic environment. The company’s financial performance for the year ended 31st March 2024 reflects significant achievements and strategic growth despite adverse economic conditions. Financial Highlights Management Discussion and Analysis Financial Review Conclusion Abans Finance PLC…
Richard Pieris Finance Ltd continue to endanger the Depositors with negative performance
Richard Pieris Finance Ltd Reports a Net Loss. The net loss for the 6 months period ending 30th September 2023 stood at Rs. 274mn which indicates a serious loss of capital endangering the deposit holders. Gross stage 3 loan ratio exceeded 43% whilst Tier-1 capital adequacy ratio was only 7.8% below the statutory requirement of 8.5%.…
United Motors PLC : Reports 7.83% increase in revenue during FY 2023/24
The fiscal year ending 31st March 2024 was a period of significant challenges for United Motors PLC. The company’s financial performance reflects a mix of strategic successes and difficulties, particularly influenced by the prolonged import restrictions and the overall economic environment in Sri Lanka. Revenue and Profitability United Motors PLC reported the following financial outcomes:…
Kapruka Holdings PLC reports 8% decline in revenue for FY 2023/24
The fiscal year ending 31st March 2024 was a challenging period for Kapruka Holdings PLC. The company’s financial performance was marked by significant setbacks, including declining revenues, increased expenses, and substantial losses, indicating underlying issues in strategic planning and operational efficiency. Decline in Revenue and Profitability Kapruka Holdings PLC reported alarming financial outcomes: The decline…
Elpitiya Plantations PLC demonstrates resilience and strategic agility in FY 2023/23
For the fiscal year ending 31st March 2024, Elpitiya Plantations PLC reported a total revenue of Rs. 7,204 million, a decrease from the previous year’s Rs. 8,348 million. This decline was attributed to adverse exchange rate fluctuations affecting commodity prices for tea, rubber, and oil palm. The gross profit also saw a reduction from Rs.…
Lanka IOC PLC: Net profit margins for FY2023/24 declined to 5% from 13%
Lanka IOC PLC, a leading player in Sri Lanka’s petroleum industry, has faced a tumultuous fiscal year ending March 31, 2024. This report delves into the financial performance, key ratios, and profitability of the company, highlighting significant trends and providing a comprehensive analysis of its financial health. Financial Performance Overview Revenue and Profitability Lanka IOC…
