Category: Stock market
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%.…
Do your own Stock Market Research using AI
Why depend on Third party Research Reports? Now you can do your own research and analysis of the financial performance of listed companies in Sri Lanka by using AI Tools available with LankaBIZ. Simply upload Annual reports or any other PDF document to ChatPDF and get instant answers to your research queries. Chat with PDF…
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…
Asiri Hospital Holdings PLC reports outstanding financial performance for FY 2023/24
Asiri Hospital Holdings PLC demonstrated strong financial performance for the year ended 31st March 2024, with notable improvements in revenue, gross profit, and net profit. The company’s strategic initiatives and operational efficiencies contributed to its financial success. However, rising administrative expenses and reduced finance income highlight areas requiring strategic focus. Financial Performance Highlights Key Financial…
First Capital Holdings PLC reports a significant surge in net profit, reaching LKR 10,156 million for FY 2023/24
Introduction This analytical report delves into the profitability, financial performance, and key financial ratios of First Capital Holdings PLC for the year ended 31st March 2024. The insights are derived from the interim financial statements provided by the company. Profitability Analysis Net Profit First Capital Holdings PLC recorded a significant surge in net profit, reaching…
Asia Capital PLC continue to remain Insolvent during FY 2023/24
Asia Capital PLC’s financial performance for the year ended 31st March 2024 has been markedly poor, indicating significant challenges in profitability and overall financial health. The company’s income statements, balance sheets, and cash flow statements reflect substantial declines and unfavorable key financial ratios. Net assets continue to remain negative indicating that the company’s liabilities exceed…
Richard Pieris and Company PLC reports 84% decline in earnings for FY 2023/24
Overview of Financial Performance The financial performance of Richard Pieris and Company PLC for the twelve months ended 31 March 2024 indicates several critical issues. The company has experienced significant declines in profitability, efficiency, and overall financial health compared to the previous year, with key metrics highlighting ongoing financial difficulties. Revenue and Profitability Cost and…
Nawaloka Hospitals PLC: Reports Remarkable Turnaround in FY2023/24
Overview Nawaloka Hospitals PLC’s interim financial report for the year ending 31st March 2024 provides insights into its financial performance, including revenue, expenses, and profitability. This report analyzes the key financial metrics and compares them with the previous year’s performance to gauge the company’s financial health. Revenue and Gross Profit Expenses Other Income and Expenses…
Melstacorp PLC: The Net Profit for the FY2023/24 down 46.29%
Melstacorp PLC has provided their interim financial statements for the year ended 31st March 2024, detailing the company’s financial performance, profitability, and key financial ratios. This report analyzes the core components, comparing them with the previous year to understand the financial health and performance trends. Revenue and Gross Profit Expenses Other Income and Expenses Profitability…
Browns Investments PLC has demonstrated a strong financial performance for FY 2023/24
Overview Browns Investments PLC has presented their interim financial report for the year ending 31st March 2024. This report provides a detailed analysis of their financial performance, profitability, and various components affecting their financial health. Below are the key findings from the interim financial statements. Revenue and Gross Profit Expenses Other Income and Expenses Profitability…
Talawakelle Plantations PLC: 36% contraction in Profits after Tax (PAT) for FY 2023/24
Based on the provided context from Talawakelle Tea Estates PLC’s annual report for the year ended 31st March 2024, the key financial ratios and aspects of the group’s profitability and financial performance are as follows: These ratios and figures provide a comprehensive view of Talawakelle Tea Estates PLC’s financial performance for the year ended 31st…
Aitken Spence PLC reports 44% decline in earnings for FY 2023/24
Based on the interim financial statements provided for Aitken Spence PLC for the year ended 31st March 2024, we can analyze the company’s profitability and financial position. Profitability: From the available data, it is clear that Aitken Spence PLC experienced a decrease in profitability in the year ended 31st March 2024 compared to the previous…
CIC Holdings PLC: Reports 25% increase in Earnings for FY2023/24
To analyze CIC Holdings PLC’s profitability and financial position for the year ended 31st March 2024, we can refer to the data provided in the interim financial statements. Profitability: Financial Position: From the data provided, CIC Holdings PLC has shown an increase in revenue and net assets, indicating growth. However, the increase in the cost…
Kotagala Plantations PLC Reports LKR 230mn loss for FY2023/23
Based on the interim financial statements provided for Kotagala Plantations PLC for the year ended 31st March 2024, we can analyze the company’s profitability and financial position. Profitability: Financial Position: From the available data, it is evident that Kotagala Plantations PLC faced challenges in maintaining its profitability in the year ended 31st March 2024, with…
Dankotuwa Porcelain PLC Reports 45% decline in Profits for FY2023/24
Based on the provided context, Dankotuwa Porcelain PLC’s financial performance for the year ended 31st March 2024 can be analyzed using the interim financial statements from December 2023 and March 2024. Profitability: Financial Position: The data suggests that while Dankotuwa Porcelain PLC has managed to increase its revenue, its profitability has decreased, as seen in…
John Keells Holdings PLC: Group profit before tax (PBT) for FY 2023/24 decreased by 30%
For the financial year 2023/24, Group revenue (excluding equity accounted investees) recorded a marginal growth of 1% to Rs.280.77 billion. The muted growth in revenue is mainly as a result of the decline in revenue of the Transportation industry group on account of the Bunkering business, Lanka Marine Services (LMS). LMS recorded a decline in…
CW Mackie PLC: Financial Performance for year ended 31st March 2024
Based on the provided context from the interim reports of CW Mackie PLC, the financial performance and profitability for the year ended 31st March 2024 can be analyzed as follows: Revenue: Cost of Sales and Gross Profit: Profit for the Year: Total Comprehensive Income: Earnings Per Share (EPS): Net Asset Value (NAV) per Share: In…
Hemas Holdings PLC: Profitability and Financial Performance for year ended 31st March 2024
Hemas Holdings PLC demonstrated robust financial performance for the year ended 31st March 2024. The company reported a consolidated revenue of Rs. 121.6 billion, which is a 6.7% increase from the previous year’s revenue of Rs. 113.9 billion. This growth was driven by strategic initiatives and market expansion efforts, particularly in the Consumer Brands and…
Central Finance Company PLC: Financial Performance for year ended 31st March 2024
For the year ended 31st March 2024, Central Finance Company PLC reported the following profitability metrics: These figures suggest that Central Finance Company PLC has improved its absolute profit figures, although there has been a slight decrease in the return on assets and equity, which could be due to a variety of factors including an…
