Category: Stock market
Sri Lanka Telecom PLC: Financial Performance 1Q2024
Based on the interim condensed consolidated financial statements for the quarter ended 31 March 2024, Sri Lanka Telecom PLC reported the following financial performance: In summary, Sri Lanka Telecom PLC’s profitability has decreased in the quarter ended 31 March 2024 compared to the same quarter in the previous year, with lower operating profit and profit…
LB Finance PLC: Financial Performance for the year ended 31st March 2024
LB Finance PLC’s financial performance for the year ended 31st March 2024, as per the provided context, can be summarized as follows: Profitability: Percentage Change in Net Profit = [(9,713,917,000 – 8,554,543,000) / 8,554,543,000] x 100Percentage Change in Net Profit ≈ 13.56% This indicates that LB Finance PLC’s profitability has increased by approximately 13.56% from…
Janashakthi Insurance PLC: Financial performance 1Q 2024
The financial performance and profitability of Janashakthi Insurance PLC for the quarter ended 31st March 2024 can be assessed by examining key figures from the interim financial statements: The increase in Gross Written Premium and Profit for the Period suggests that Janashakthi Insurance PLC has experienced positive growth in its core operations. The rise in…
Access Engineering PLC: Financial Performance as at 31st March 2024
Analysis of the financial status and performance of Access Engineering PLC for the fiscal year ended 31st March 2024. The analysis is based on the interim financial statements provided and includes a review of key financial ratios. Financial Performance Summary: Key Financial Ratios: The financial performance of Access Engineering PLC for the year ended 31st…
Hatton National Bank PLC recorded a Profit Before Tax of Rs 9.8 Bn for 1Q2024
Hatton National Bank PLC (HNB) recorded a Profit Before Tax (PBT) of Rs 9.8 Bn during the first quarter of 2024 while Profit After Tax (PAT) amounted to Rs 6.2 Bn. At Group level, PBT and PAT were at Rs 11.2 Bn and Rs 7.4 Bn, respectively. The substantial monetary policy loosening adopted by the…
Amana Bank surges ahead with aggressive outlook for 2024
Amana Bank continued its robust performance trend as it completed a successful first quarter recording a notable 73% YoY increase in Profit Before Tax to reach LKR 734.5 million compared to LKR 423.5 million booked a year back while Profit After Tax surged by 91% YoY to post LKR 422.2 million as against LKR 220.7…
Strong strategic alignment enables resilient performance for NDB in 1Q2024
National Development Bank PLC, Sri Lanka’s fourth largest listed bank commenced the financial year on a positive note, with resilient performance for the first quarter of the year ended 31 March 2024. NDB’s Director/ Chief Executive Officer Mr. Kelum Edirisinghe commented that the Bank continued to face challenges on relatively low credit demand due to…
ComBank begins FY2024 with impressive growth
The Commercial Bank of Ceylon Group has ended the first quarter of 2024 with a loan book of Rs 1.316 trillion, continuing the Bank’s focus on lending in a period where the appreciation of the Rupee negatively impacted the value of the loan book and resulted in a contraction of the balance sheet. The Group reported…
Sampath Bank PLC: Financial performance for 3 months ended 31st March 2024
Financial Performance Sampath Bank posted a profit before tax (PBT) of Rs 6.2 Bn and a profit after tax (PAT) of Rs 3.4 Bn for the three months ended 31st March 2024, notwithstanding an exchange loss of Rs 4.3 Bn due to the appreciation of LKR against USD by Rs 23.70. These figures signify growth…
Harischandra Mills PLC: Financial Performance as at 31st March 2024
Based on the latest available interim financial statements for Harischandra Mills PLC for the year ended 31 March 2024, the company has experienced some variances in its financial performance compared to the previous year. Here are some key points from the data provided: These figures are provisional and subject to audit, as noted in the…
Horana Plantations PLC: Financial Performance as at 31st March 2024
Based on the interim financial statements for Horana Plantations PLC for the twelve months ended 31st March 2024, the following financial performance data can be extracted: The financial performance indicates a reduction in revenue and comprehensive income, along with a decrease in EPS. However, the company has declared a dividend, which could be a positive…
Kelani Valley Plantations PLC: Financial Performance as at 31st March 2024
The financial performance of Kelani Valley Plantations PLC as at 31st March 2024 can be analyzed by reviewing the unaudited and audited financial statements provided in the interim reports. Here’s a summary based on the provided documents: Revenue: Cost of Sales: Gross Profit: Other Income: Total Equity and Liabilities: Earnings Per Share (EPS) Earnings Per…
Cargills Bank posts Profit before Tax Rs. 109 Million for the quarter ended 31 March 2024
Financial Highlights There was moderate growth in our Deposit and Loan portfolios amidst stiff competition from our peers. The Bank continued support to its customers to help them meet challenges they faced.Continuous downward revisions of lending rates, with lagged repricing of deposits, eroded net interest margins and exerted considerable pressure on the Bank’s bottom line. This…
Singer Sri Lanka PLC: Latest Financial Performance as at 31st March 2024
Based on the interim financial statements for the twelve months ended 31st March 2024, Singer (Sri Lanka) PLC has shown a significant improvement in its financial performance compared to the previous year. Here are some key highlights and their future outlook: Revenue Growth: Profitability: Earnings Per Share (EPS): Share Price Movement: Segment Performance: Future Outlook:Given…
Singer Finance PLC: Financial Performance as at 31st March 2024
Based on the provided context from the interim financial statements of Singer Finance (Lanka) PLC for the twelve months ended 31st March 2024, the financial performance can be summarized as follows: Revenue and Income: Expenses: Profitability: Assets: Liabilities and Equity: Segment Reporting: Shareholder Information: Debentures: Overall, Singer Finance (Lanka) PLC’s financial performance for the twelve…
Alumex PLC: Financial Performance as at 31st March 2024
The financial performance of Alumex PLC as of March 2024, based on the unaudited interim financial statements, can be summarized as follows: Revenue: Profitability: Share Performance: Financial Ratios: Other Financial Highlights: This summary indicates that Alumex PLC has experienced a positive turnaround in its financial performance during the twelve months ended 31st March 2024, with…
Hayleys Fibre PLC: Quarterly Financial Performance 31st March 2024
Based on the provided context, the latest financial performance of Hayleys Fibre PLC can be summarized from the interim financial statements for the year ended 31st March 2024. Here are the key figures: It is important to note that the figures for the year ended 31st March 2024 are unaudited, and the earnings per share…
Dialog Finance PLC: Financial Review for the Quarter ended 31 March 2024
Dialog Finance PLC (the “Company”) announced, Wednesday 8th May 2024, its financial results for the three months ended 31st March 2024. The lending book of the Company recorded a healthy growth of 13.1% Year-on-Year (“YoY”) to record net loans and advances of Rs. 3.4 Bn as at 31 March 2024. Despite the expansion in lending activities, total…
CSE: Opportunity to EXIT?
Colombo Stock Market: Exit Points based on market gains/ Return on Investments (ROI). ASPI – Historical Movement Colombo Stock Market has currently gained more than 77% ROI since April 2022. Sri Lanka declared bankruptcy in April 2022 and during this period ASPI felt below 7000 levels. Stock Market Vs LKR Depreciation Colombo Stock market ASPI…
DFCC Bank Reports Strong Profit Growth in 1Q2024
DFCC Bank demonstrated resilience and continued its commitment to serving customers nationwide, delivering high-quality customer centric banking services amidst the ongoing revival of economic activity. Proactive policy adjustments facilitated a notable reduction in historically high-interest rates aimed at bolstering economic growth and stabilising inflation. This initiative, which started in June 2023, envisaged a substantial and…
Kingsbury PLC: Latest Financial performance as at 31st March 2024
Based on the provided context, Kingsbury PLC’s financial position as at 31st March 2024 can be summarized as follows: The financial statements also indicate that there were no adjustments required since the Statement of Financial Position date and no material contingent liabilities or assets that needed to be disclosed for the period ended 31st March…
Watawała Plantation PLC Vs Namunukula Plantations PLC: SWOT Analysis
Namunukula Plantations PLC Based on the provided context, Namunukula Plantations PLC has shown a strong financial performance in the fiscal year 2022/23. Here are some key highlights from the data: Watawała Plantations PLC Based on the provided context, Watawala Plantations PLC has demonstrated a mixed financial performance in recent periods. Here are some key points…
Hayleys Leisure PLC: Latest Financial Performance -31st March 2024
Based on the provided context from the interim financial statements of Hayleys Leisure PLC for the period ended 31st March 2024, we can analyze the company’s profitability as follows: Revenue Growth: Gross Profit: Profit/Loss per Share (EPS): Total Comprehensive Income/Expense: From the data available, it is evident that Hayleys Leisure PLC has experienced substantial growth…
Peoples Insurance PLC: Financial Performance FY2023
latest financial performance of Peoples Insurance PLC for the fiscal year ending December 31, 2023, can be summarized as follows: Key Financial Ratios key financial ratios for Peoples Insurance PLC for the fiscal year ending December 31, 2023, are as follows: These ratios provide insights into the company’s financial performance, efficiency, profitability, and market valuation…
