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Expolanka - Page 2 EmptyYesterday at 3:31 pm by nihal123

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» මූඩීස් ප්‍රකාශය පිළිගන්න බැහැ – මහ බැංකුව කියයි
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» ආර්ථික වර්ධනය 2.7% ට බසී
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» Thought for the day...
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» Obituary Notice.
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» Thread for News on Local and Foreign Politics
Expolanka - Page 2 EmptySat Aug 31, 2019 5:13 pm by The Invisible

» Sri Lanka bank profitability under pressure: Moody’s
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» ‘වැඩකාරයාගේ නමත් සිරිසේන’ කියලා හිනාවුණා
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» 8000 Post Club | Celebration of a Great Milestone කිත්සිරි ද සිල්වා
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» In the Meantime, Within Our Shores !
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» Sri Lanka to call for bids to develop Mannar Basin natural gas find
Expolanka - Page 2 EmptyTue Aug 27, 2019 4:32 pm by nuwanmja

» “බිරිඳගේ සහ පෙම්වතියගේ වෙනස මොකක්ද?”
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» The Central Bank of Sri Lanka Reduces its Policy Interest Rates
Expolanka - Page 2 EmptySat Aug 24, 2019 4:26 am by Ethical Trader

» JKH - 155/00 Breakout is pending
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» Tokyo as at 21.08.2019 Morning
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» What Would You Do?
Expolanka - Page 2 EmptyMon Aug 19, 2019 1:02 pm by කිත්සිරි ද සිල්වා

» Back of the Legends
Expolanka - Page 2 EmptyMon Aug 19, 2019 10:13 am by Topcat

» NTB.N0000 (NATIONS TRUST BANK PLC)
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» Melstacorp (MELS)
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Expolanka - Page 2 Empty Re: Expolanka

Post by serene on Wed Apr 10, 2019 7:48 am

ruwan326 wrote:
hariesha wrote:I received about 1 or 2 week back.

Thanks hariesha.

Maybe they lost it in post:D  
I had bad experience in terms of Dividends in TJL and RCL last year .

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Expolanka - Page 2 Empty Re: Expolanka

Post by puliyanam on Wed Jun 19, 2019 3:04 pm

There is something going on in Expo. Upto June it was 4. then suddenly now close to 5, with increased turnover and Directors buying. No recommendations. Do your own assessment
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Post by hammurabi on Thu Jun 20, 2019 10:58 am

puliyanam wrote:There is something going on in Expo. Upto June it was 4. then suddenly now close to 5, with increased turnover and Directors buying. No recommendations. Do your own assessment

EXPO will probably adjust back to 3.9 - 4.1 at longrun
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Post by serene on Thu Jun 20, 2019 5:50 pm

One of the excellent run.

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Expolanka - Page 2 Empty Expolanka

Post by The Invisible on Wed Aug 07, 2019 6:36 am

Expolanka profits fall in June quarter

ECONOMYNEXT- Expolanka Holdings Plc, a logistics and travel firm, said that its net profits for the June quarter fell 38.2 percent to 152.9 million rupees from a year earlier.



Basic earnings per share was 8 cents. The Expolanka share closed 10 cents lower at 5.90 rupees a share on Tuesday.



Revenue for the quarter grew 15.1 percent to 22.9 billion rupees from a year earlier, while cost of sales rose 15 percent to 18.3 billion rupees, leading to gross profits rising 15.7 percent to 4.6 billion rupees.



However, Expolanka Group Chief Executive Hanif Yusoof, in an earnings review, said that there was uncertainty in the logistics industry during the quarter.



"Volatility and uncertainty fueled by trade protectionism strategies have led to many industry players treading cautiously," he said.



Finance costs grew 95.9 percent to 107.3 million rupees as the firm adopted the SLFRS 16 accounting standard on leases.



Due to the new accounting standard, long-term financing and lease payables grew to 2.8 billion rupees by end-June from 1.2 billion rupees at end-March while short-term financing and lease payables grew to 6.6 billion rupees from 4.1 billion rupees.



Expolanka's logistics sector profits for the quarter grew 10 percent from a year earlier to 370 million rupees on revenue which grew 15 percent to 21.8 billion rupees.



"The volume growth remained stable across all key freight products, with ocean freight performing relatively well during the quarter," Yusoof said.



Transpacific trade continued to meet expectations, and was supported by the Intra-Asia and Europe trade lanes, he said.



The firm's leisure sector profits fell 40 percent to 41.6 million rupees while revenue fell 7 percent to 291.7 million rupees.



The travel industry suffered during the quarter after Sri Lanka was hit by the Easter Sunday attack in April.



The performance of the leisure sector was slightly muted during the quarter," Yusoof said.



"A slight recovery in performance was witnessed during the latter part of the period in review," he said.



"The corporate travel segment of the business continued to remain strong, whilst the inbound and leisure operations had slowed down during the quarter under review." (Colombo/Aug07/2019)
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Expolanka - Page 2 Empty Re: Expolanka

Post by lanka on Wed Aug 07, 2019 12:01 pm

Thanks, Invisible

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Post by ruwan326 on Thu Aug 08, 2019 8:28 pm

Financial Performance- Period ended 30 June 2019


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