Category: Stock market
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…
Trans Asia Hotels PLC: Financial Performance for year ended 31st March 2024
Trans Asia Hotels PLC demonstrated a strong financial performance for the year ended 31st March 2024, as evidenced by the data extracted from the company’s annual and interim financial statements. Revenue Growth:The company’s total revenue for the year 2023/24 was Rs. 4,461,845,000, which represents a 25.02% increase from the previous year’s revenue of Rs. 3,569,025,000.…
Asian Hotels and Properties PLC: financial Performance for year ended 31st March 2024
Based on the provided context from the annual report for the year ended 31st March 2024, Asian Hotels and Properties PLC has shown a significant improvement in financial performance and profitability compared to the previous year. Here are some key financial highlights: The improvement in profitability can be attributed to increased revenue and effective cost…
Tea Smallholder Factories PLC: Financial performance for year ended 31st March 2024
Analyzing the profitability and financial performance of Tea Smallholder Factories PLC for the year ended 31st March 2024 involves examining various financial metrics and comparing them with previous years’ data to understand the company’s trajectory. Here’s a detailed analysis based on the provided excerpts from the interim reports: Revenue: Cost of Sales: Gross Operating Profit/(Loss):…
Central Industries PLC: Financial Performance for year ended 31st March 2024
Based on the provided interim condensed financial statements for Central Industries PLC for the year ended 31st March 2024, we can analyze the financial performance and profitability of the company. Revenue:The revenue for the year ended 31st March 2024 was Rs. 4,321,998,000, which shows a slight decrease of 0.28% from the previous year’s revenue of…
Colombo Dockyard PLC – Financial Performance 1Q2024
Based on the provided context from the interim financial reports of Colombo Dockyard PLC, here is an analysis of the company’s financial performance, profitability, and key ratios for the quarter ended 31st March 2024: Financial Performance: Profitability: Key Ratios: In conclusion, Colombo Dockyard PLC’s financial performance for the quarter ended 31st March 2024 shows a…
John Keells PLC: Financial Review for Year ended 31st March 2024
Overview The financial year ended 31st March 2024 was challenging for John Keells PLC as the company navigated through volatile market conditions and economic headwinds. Despite the efforts to mitigate risks and maintain operational efficiency, the financial performance reflected a decline compared to the previous year. Revenue and Profitability The consolidated revenue of the John…
Vallibel Power Erathna PLC: Financial Performance for year ended 31st March 2024
Based on the provided context from the interim financial statements of Vallibel Power Erathna PLC for the year ended 31st March 2024, the group’s financial performance and profitability can be summarized as follows: Financial Performance: The financial data indicates that Vallibel Power Erathna PLC’s group has had a successful year with increased profitability and growth…
Keells Food Products PLC: Financial Performance for year ended 31st March 2024
Keells Food Products PLC’s financial performance for the year ended 31st March 2024 indicates a challenging period for the company. Here is a summary of the key financial figures and ratios based on the provided context: Profit After Tax (PAT): Revenue: Cost of Sales: Gross Profit: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA): Financial…
Ceylon Colds Stores PLC: Financial Performance for the year ended 31st March 2024
Ceylon Cold Stores PLC has demonstrated a robust financial performance for the year ended 31st March 2024. The company’s profitability has shown significant improvement, as evidenced by the following key financial metrics: The financial statements also reflect a healthy balance sheet with a total equity increase from Rs. 17,858,176 thousand as at 1 April 2022…
Union Assurance PLC: Financial Performance 1Q 2024
Based on the provided interim financial statements for Union Assurance PLC for the quarter ended 31st March 2024, the company has shown a positive financial performance with several indicators of profitability improving compared to the same period in the previous year. Here’s an analysis of the key financial metrics: The financial performance of Union Assurance…
Ceylinco Insurance PLC: Financial Performance 1Q2024
Profitability:Ceylinco Insurance PLC reported a consolidated profit of Rs 2,799,970,000 for the quarter ended 31st March 2024. This is an increase from the profit of Rs 2,074,252,000 reported for the same period in the previous year. This indicate an improvement in profitability year-over-year. Revenue Streams:The company’s revenue streams include premiums/revenue received from customers, which amounted…
hSenid Business Solutions PLC: Financial Performance for year ended 31st March 2024
hSenid Business Solutions PLC (hBS) reported total revenue of LKR 433.0 million for the three months ending on March 31, 2024 recording a year-over-year growth of 10.7 percent (21.1 percent in USD constant currency terms) compared to LKR 391.0 million in the corresponding quarter of the previous financial year. For the full year FY24, hBS…
TJ Lanka PLC: Financial Review as at 31st March 2024
Teejay Group closed the fourth quarter of FY 2023/24 with an outstanding Profit After Tax improvement of 260% YoY, and 15% improvement QoQ, signifying a positive end to the financial year under review. The positive improvements were achieved due to timely execution of strategic initiatives implemented during the period under review, including stringent inventory management…
Lion Brewery PLC: Financial Review as at 31st March 2024
The economic pressures continued during the quarter under review, with excise taxes increasing by 14% in January 24, which was on top of a 20% duty hike in July 2023 for the 23/24 financial year. VAT was also higher by 3% vs prior year quarter. The escalation in price of alcoholic beverages has brought further…
Hayleys PLC reports 46% decline in profits for year ended 31st March 2024
Based on the provided context from the interim report for Hayleys PLC for the quarter ended 31st March 2024, the following key financial figures can be highlighted to assess the company’s profitability and financial performance: Profit for the Period: Earnings Per Share (EPS): Revenue: Cost of Sales: Profit Before Tax: Net Finance Costs: Depreciation on…
Dipped Products PLC: Financial Performance for the year ended 31st March 2024
Based on the provided context from the interim report for Dipped Products PLC for the year ended 31st March 2024, the company’s profitability can be summarized as follows: Future Outlook The future outlook for Dipped Products PLC should be considered in light of its recent performance, industry trends, and the broader economic environment. As of…
Pan Asia Bank posts Steady Performance in 1Q 2024
Pan Asia Banking Corporation PLC reported a steady performance reflecting improved macro-economic conditions as the Bank reported its financial performance during 1Q 2024, which showed judicious portfolio management and prudency exercised in dealing with possible fallout on its asset quality in challenging times. The Bank reported a Pre-tax Profit of Rs. 796 Mn for the…
