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.
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

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
Grain Elevators EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Grain Elevators EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Grain Elevators EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Grain Elevators EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Grain Elevators EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Grain Elevators EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Grain Elevators 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
Grain Elevators EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Grain Elevators EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Grain Elevators EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Grain Elevators EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Grain Elevators EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Grain Elevators EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Grain Elevators EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Grain Elevators EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Grain Elevators EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Grain Elevators EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Grain Elevators EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Grain Elevators EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Grain Elevators EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Grain Elevators EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Grain Elevators EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Grain Elevators EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Grain Elevators EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Grain Elevators EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Grain Elevators EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Grain Elevators EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Grain Elevators EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Grain Elevators EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Grain Elevators EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Grain Elevators EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Grain Elevators EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Grain Elevators EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Grain Elevators EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Grain Elevators EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Grain Elevators EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Grain Elevators EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Grain Elevators EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Grain Elevators EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Grain Elevators EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Grain Elevators EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Grain Elevators EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Grain Elevators EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Grain Elevators EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Grain Elevators EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Grain Elevators EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Grain Elevators EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Grain Elevators EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Grain Elevators EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
Grain Elevators EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

Disclaimer


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

    Grain Elevators

    The Invisible
    The Invisible


    Posts : 3116
    Join date : 2016-11-28
    Age : 44

    Grain Elevators Empty Grain Elevators

    Post by The Invisible Mon Aug 12, 2019 1:31 pm

    Ceylon Grain Elevators profits grow in June with exports

    ECONOMYNEXT-Sri Lanka's Ceylon Grain Elevators, a feed milling and poultry firm, said profits rose 8.2 percent in the June 2019 quarter to 187.8 million rupees from a year ago with better export demand, amid falling local sales for processed meat and broiler chicks following the Easter Sunday attack.

    Earnings per share for the quarter were 3.13 rupees. Earnings per share for the six months to June were 7.10 rupees. The firm's share last traded at 61.90 rupees on Friday, closing 4.90 rupees higher.



    Revenue grew 10 percent in the June quarter from a year earlier to 4.3 billion rupees, while cost of sales rose 10 percent to 3.9 billion rupees, leading to gross profits rising 11 percent 441.9 million rupees.



    “The consistent feed quality and improved demand for day old chicks (DOCs) strengthened the Group revenue,” Chief Executive Cheng Chih Kwong, Primus told shareholders in an earnings release statement.



    “Export market revenue from parent stock DOC’s also led to an increase in the revenue during the quarter," he said.



    "However, the demand for processed chicken and broiler DOCs were adversely affected during the second quarter due to the aftermath of the April 2019 terror attack."



    He said that lower demand for meat from hotels, restaurants and cafes following the attack led to lower demand for broiler DOCs from farmers.



    He said that cost of production grew due to short supply of maize, which narrowed margins.



    "It was noted that the issue of permits to import maize at the right time with the right quantitiy would be a definite relief to the industry at this juncture."



    Net finance cost for the firm grew 47 percent to 24 million rupees in the June quarter after adopting the new SLFRS 16 standard on operating leases.



    Lease liabilities for the quarter grew to 761.5 million rupees as at end June from the start of the financial year in January for a warehouse complex leased from the state under the new standard, balanced by a rise in right of use assets.#



    For the six months to June, profits after tax from the milling and farming segment fell to 239 million rupees from 311.5 million rupees a year earlier due to rising operating costs despite a growth in revenue.



    Profits from the poultry breeding and commercial meat segment grew to 377.7 million rupees from 316 million rupees with higher interest income.

    (COLOMBO, Aug 12, 2019)
    The Invisible
    The Invisible


    Posts : 3116
    Join date : 2016-11-28
    Age : 44

    Grain Elevators Empty Re: Grain Elevators

    Post by The Invisible Thu May 28, 2020 9:09 pm

    Grain Elevators expect hit from Sri Lanka’s self-imposed trade embargo

    ECONOMYNEXT – Sri Lanka’s Ceylon Grain Elevators, a feed milling and poultry farming and processing group said it has liquidity and the it is facing several risk from import controls and exchange rate volatility.

    CGE, and its subsidiary Three Acre Farms both publicly traded companies said it was able to continue operators as it was declared an essential service by the government during a Coronavirus curfew but business was disrupted.

    Sri Lanka has printed unprecedented volumes of money in March and April leading to a steep fall in the currency and import controls have been slapped in the style of a self-imposed trade embargo.

    Grain elevators expected activity to pick up, its cash position was strong but said the exact outcome was uncertain amid the new risks.

    “Several other new risks are emerging including an increase in exchange rate volatility, foreign currency unavailability, and prevailing import restrictions.

    “As such the overall impact on operations is not immediately predictable.”

    Sri Lanka has slapped a series of trade controls, involving import suspensions, bans, and tariff hikes.

    Due to classical economic illiteracy strong Mercantilism in Sri Lanka, there is a strong belief in the country that currency problems are not caused by liquidity injections and credit but by real economy factors like imports, especially oil.

    The Mercantilist belief that oil imports cause currency collapses had been undermined the minds of some true believers after the 2015/2016 currency collapse when oil prices also collapsed, and also in 2020 when oil prices fell.


    Sri Lanka slapped its worst self-imposed trade embargo in the 1970s when the Bretton Woods system of soft-pegs collapsed as the Federal Reserve printed money.

    The US dollar then became a free-floating currency made up of printed or fiat money.

    Sri Lanka however does not have a credible monetary regime, triggering a frequent balance of payments trouble, analysts have said.

    Authorities have resisted a credible external anchor by running a discretionary ‘flexible’ exchange rate and has simultaneously resisted a credible domestic anchor by running ‘flexible’ inflation targeting regime. (Colombo/May28/2020-sb)

      Current date/time is Sun Jun 16, 2024 1:02 am