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Cargills (CARG) EmptyYesterday at 7:14 am by ruwan326

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Cargills (CARG) EmptySat Nov 16, 2019 4:57 pm by chutiputha

» ගෝඨාට ඉල්ලන්න බෑලු
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Cargills (CARG) EmptyThu Nov 14, 2019 5:13 am by NIRMALSG

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Cargills (CARG) EmptySat Nov 09, 2019 3:14 pm by Afourer

» ACL කේබල්ස් ට රුපියල් මිලියන 789 ක ඒරියල් බන්ඩල් සන්නායක කොන්ත්‍රාත්තුවක්
Cargills (CARG) EmptySat Nov 09, 2019 7:50 am by කිත්සිරි ද සිල්වා

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Cargills (CARG) EmptySat Nov 09, 2019 3:05 am by Rana

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Cargills (CARG) EmptyFri Nov 08, 2019 8:36 pm by hammurabi

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Cargills (CARG) EmptyWed Nov 06, 2019 10:24 am by ruwan326

» මෑතකාලීන ආර්ථික ප්‍රවණතා: 2019 සුවිශේෂ සිදුවීම් සහ 2020 අපේක්ෂාවන්
Cargills (CARG) EmptyTue Nov 05, 2019 1:22 pm by nihal123

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Cargills (CARG) EmptySun Nov 03, 2019 6:50 pm by Backstage

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Cargills (CARG) EmptySun Oct 27, 2019 6:48 pm by serene

» මේ විදියට තව අවුරුදු 5ක් ගියොත් දකුණු ආසියාවේ දුප්පත්ම රට බවට ශ්‍රී ලංකාව පත්වේවි – මහාචාර්ය එච්.ඩී. කරුණාරත්න
Cargills (CARG) EmptyFri Oct 25, 2019 9:31 pm by ruwan326

» KFP.N0000(Keels Food Products PLC)
Cargills (CARG) EmptyFri Oct 25, 2019 8:26 am by yellow knife

» CCS.N0000 ( Ceylon Cold Stores)
Cargills (CARG) EmptyThu Oct 24, 2019 5:57 pm by dhanurrox

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Cargills (CARG) EmptyThu Oct 24, 2019 10:13 am by lanka

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Cargills (CARG) EmptyWed Oct 23, 2019 7:00 am by slstock

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Cargills (CARG) EmptyMon Oct 21, 2019 7:54 am by කිත්සිරි ද සිල්වා

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Cargills (CARG) EmptyFri Oct 18, 2019 10:15 pm by Backstage

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Cargills (CARG) EmptyMon Oct 14, 2019 12:47 pm by seek

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» Confidence to boom after election – CBSL Governor
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» Sri Lanka among top 20 rising stars of world trade
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Cargills (CARG) EmptyThu Oct 10, 2019 9:24 am by ruwan326

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Cargills (CARG) EmptyFri Oct 04, 2019 11:55 am by nuwanmja

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Cargills (CARG) EmptyWed Oct 02, 2019 6:46 am by nihal123

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Cargills (CARG) EmptyTue Oct 01, 2019 1:29 pm by nihal123

» Ranil agrees to give Sajith candidacy - AdaDetana
Cargills (CARG) EmptyThu Sep 26, 2019 5:05 pm by mymoney

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» Films - To Watch List
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Cargills (CARG) EmptyFri Sep 20, 2019 7:53 am by serene

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Cargills (CARG) EmptyThu Sep 19, 2019 4:33 pm by nuwanmja

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Cargills (CARG)

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Cargills (CARG) Empty Cargills (CARG)

Post by The Invisible on Sun Aug 18, 2019 8:26 pm

Cargills June quarter profit down 15-pct

ECONOMYNEXT – Sri Lanka’s Cargills (Ceylon) said net profit fell nearly 15 percent to 643 million rupees in the June 2019 quarter from a year ago as business was affected by April’s suicide bombings and subsequent unrest.

Sales of the group, part of CT Holdings, rose six percent to 26 billion rupees over the period, according to interim results filed with the stock exchange.

Diluted earnings per share were 2.50 rupees. The Cargills (Ceylon) share last traded at 189 rupees, up 3.60 or almost two percent.

A note accompanying the accounts said the performance of the group during the period was affected by April’s suicide bombings of hotels and churches which killed over 250 people.

“The economy faced multiple challenges during the quarter as a consequence of the Easter Sunday attacks, with significant impact to the tourism sector and consumer and business confidence jolted by this unfortunate event,” it said.

Cargills said the FMCG sector showed resilience to drive group performance, supported by its retail presence across the country although both sectors were impacted by the market conditions that prevailed during the quarter.

Net finance costs rose doubled to 639 million rupees in the June quarter from a year ago with the adoption of a new accounting standard for leases, SLFRS 16.

“The group will continue to focus on FMCG growth, expanding our manufacturing operations while continuing to grow the retail footprint,” the company said.

“Consumption is gradually recovering towards normal levels, and the group is confident of an improved performance from all businesses in the coming quarters, with a focus on increasing market share and leading in all categories within which we operate.”
(COLOMBO, 16 August, 2019)
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