The Investor Sentiment - Equity and investments forum for Sri Lankans

Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to if you face any technical difficulties when posting
Display results as :
Advanced Search
Latest topics
CSE NEWS+ 2022Thu May 26, 2022 5:40 pmruwan326
Will CSE close for long period?Mon Apr 18, 2022 11:52 amHUNTER
Margin Trading Facility Fri Feb 18, 2022 12:02 pmpjrngroup

Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
The Invisible
The Invisible
Posts : 3116
Join date : 2016-11-28
Age : 42

TAFL - Three Acre Farms Empty TAFL - Three Acre Farms

Wed Nov 14, 2018 7:14 am
Message reputation : 100% (1 vote)
Three Acre Farms profits up with demand recovery

ECONOMYNEXT - Sri Lanka's Three Acre Farms Plc, a poultry firm, said profits for the September quarter doubled from a year earlier to 213.9 million rupees with a recovery in market demand for eggs and chicken.

"The Group revenue has increased as a result of improved demand for Layer Day Old Chicks (DOC) due to the recovery of table egg market and the stable market conditions for Broiler DOCs during the quarter under review," Director/Chief Executive Cheng Chih Kwong, Primus told shareholders.

"The Group’s margin has positively been driven by increased revenue due to effective farm management in Breeder and Commercial farms."

The firm reported earnings of 9.09 rupees per for the quarter, interim accounted filed at the Colombo Stock Exchange showed. For the first nine months of the year, earnings were 22.51 rupees per share, with net profits up 15 percent from a year earlier to 530 million rupees.

The firm's share was up 6 rupees to 106 rupees in intraday trading.

Revenue for the September quarter grew 22 percent from a year earlier to 677 million rupees while cost of sales were up 9 percent to 471.1 million rupees, leading to gross profits growing 70 percent to 205.8 million rupees.

Finance income grew 98 percent to 53.8 million rupees. (Colombo/Nov13/2018)
Back to top
Permissions in this forum:
You cannot reply to topics in this forum