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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
Sri Lanka listed company profits up 6-pct in Dec quarter: report EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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    Sri Lanka listed company profits up 6-pct in Dec quarter: report

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    Winner


    Posts : 56
    Join date : 2014-03-03

    Sri Lanka listed company profits up 6-pct in Dec quarter: report Empty Sri Lanka listed company profits up 6-pct in Dec quarter: report

    Post by Winner Thu Mar 06, 2014 3:44 pm

    Lanka Business Online
    Mar 06, 2014 (LBO) - Aggregate profits at Sri Lanka's listed companies rose 5.9 percent to 51 billion rupees in the December 2013 quarter from a year earlier, though bank profits were down 16 percent on loan losses, an equities research report said.

    Without one-off gains, profits were down 1 percent for the quarter, with 274 companies reporting, CAL Research said in a report.
    But it was a recovery from 29 percent fall in the September quarter.

    In the calendar year 2013, aggregate profits were down 13 percent to 170 billion rupees from a year earlier.

    In the fourth quarter revenues of firms other than banks, finance and insurance companies were up 12 percent to 511 billion rupees, which indicates a partial recovery in consumer spending, CAL Research said.

    Sri Lanka is recovering from a balance of payments crisis in 2011/2012 which was triggered by excessive loans taken by state energy enterprises to subsidize energy and ultimately accommodated with central bank credit.

    Profits at commercial banks fell 16 percent hit by loan losses, especially in gold-backed loans. Loan loss charges rose to 4.7 billion rupees in the quarter from 3.5 billion a year earlier.

    Loan books however grew 16 percent and net interest margins fell 30 basis points to 4.4 percent.

    Profits at finance companies and other financial institutions had grown 30 percent with net interest margins remaining flat at 9.6 percent, the report said.

    Insurance firms had seen profits grown 30 percent from a year earlier, with gross written premiums growing 7 percent.

    The bank, finance and insurance sector made up 34 percent of total profits and was up 0.9 percent to 17.8 billion rupees.

    Beverage food and tobacco sector profits were up 19 percent to 6.2 billion rupees with most coming from Ceylon Tobbaco and Distilleries Corporation.
    Profits at diversified companies fell 4 percent to 8.2 billion rupees.

    Telecoms were up 55 percent to 2.6 billion rupees with revenues up 8 percent.

    Motor sector earnings were up 100 percent, hotel and travel up 32 percent, manufacturing was up 0.2 percent, plantations were down 22 percent and healthcare was down 61 percent.

    Construction and engineering was down 15 percent (mainly due to Colombo Dockyard), Chemicals and Pharma was down 38 percent.
    Ethical Trader
    Ethical Trader
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    Top contributor


    Posts : 5568
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    Sri Lanka listed company profits up 6-pct in Dec quarter: report Empty Re: Sri Lanka listed company profits up 6-pct in Dec quarter: report

    Post by Ethical Trader Thu Mar 06, 2014 3:48 pm

    Thanks Winner for sharing.

      Current date/time is Sat Jun 15, 2024 3:26 pm