The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» In the Meantime, Within Our Shores !
Cargills (CARG) EmptyYesterday at 10:27 pm by කිත්සිරි ද සිල්වා

» HNB.N0000 (Hatton National Bank PLC)
Cargills (CARG) EmptyYesterday at 10:25 pm by gosrilanka

» Island-wide daytime curfews lifted from Tuesday – Presidential Secretariat
Cargills (CARG) EmptyYesterday at 5:52 pm by Backstage

» Coronavirus Updates
Cargills (CARG) EmptyYesterday at 9:52 am by The Invisible

» Webinar on economy in Sinhala. Today.
Cargills (CARG) EmptySat May 23, 2020 4:53 pm by Backstage

» US Recovery? Some Americans Spent Stimulus Money on Toys While 4 Million Skipped Mortgage Payments
Cargills (CARG) EmptySat May 23, 2020 8:01 am by The Invisible

» නොසන්සිඳෙන ආශාව!
Cargills (CARG) EmptyFri May 22, 2020 10:29 pm by කිත්සිරි ද සිල්වා

» Dividend Announcements
Cargills (CARG) EmptyFri May 22, 2020 8:39 pm by spw19721

» ද ෆිනෑන්ස්‘ ව්‍යාපාර කටයුතු අද සිට හමාරයි
Cargills (CARG) EmptyFri May 22, 2020 5:03 pm by nihal123

» Asia virus latest: cyclone prompts infection fears; Korea football row over sex dolls
Cargills (CARG) EmptyFri May 22, 2020 7:09 am by The Invisible

» SAMP.N0000 (Sampath Bank PLC)
Cargills (CARG) EmptyFri May 22, 2020 5:42 am by NIRMALSG

» JKH.N0000
Cargills (CARG) EmptyThu May 21, 2020 9:08 pm by The Invisible

» Thread for News on International Markets
Cargills (CARG) EmptyThu May 21, 2020 4:53 pm by The Invisible

» Webinar on Capital market tomorrow 6pm
Cargills (CARG) EmptyThu May 21, 2020 12:49 pm by කිත්සිරි ද සිල්වා

» New polls show trouble for Trump and Republicans in GOP strongholds
Cargills (CARG) EmptyWed May 20, 2020 10:29 pm by කිත්සිරි ද සිල්වා

» මහ මැතිවරණය ජුනි 20
Cargills (CARG) EmptyWed May 20, 2020 9:16 pm by The Invisible

» NTB.N0000 (Nations Trust Bank PLC)
Cargills (CARG) EmptyWed May 20, 2020 5:09 pm by The Invisible

» Ceylon Chamber proposes multi-sectoral approach for economic revival
Cargills (CARG) EmptyWed May 20, 2020 4:22 pm by LSE

» Access Engineering AEL Technical Analysis
Cargills (CARG) EmptyWed May 20, 2020 9:18 am by The Invisible

» ACL Cables
Cargills (CARG) EmptyWed May 20, 2020 5:07 am by NIRMALSG

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
Cargills (CARG) EmptyWed May 20, 2020 12:48 am by nihal123

» කොටස් වෙළෙඳපොළ අඛණ්ඩව 5 වන දිනයටත් ඉහළට. සියලු කොටස් ඒකක 94 කින් නගී
Cargills (CARG) EmptyTue May 19, 2020 5:37 pm by The Invisible

» විදෙස් ආයෝජන
Cargills (CARG) EmptyTue May 19, 2020 5:34 pm by nihal123

» RCL - Royal Ceramics
Cargills (CARG) EmptyMon May 18, 2020 10:16 pm by The Invisible

» LDEV - Lankem Developments
Cargills (CARG) EmptyMon May 18, 2020 10:09 pm by The Invisible

» Hayleys MGT
Cargills (CARG) EmptyMon May 18, 2020 9:55 pm by The Invisible

» Tokyo Cement
Cargills (CARG) EmptyMon May 18, 2020 9:49 pm by The Invisible

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Cargills (CARG) EmptyMon May 18, 2020 8:00 pm by pathfinder

» Sri Lanka Bonds Win Fans After Becoming Worst Performer in Asia
Cargills (CARG) EmptyMon May 18, 2020 10:52 am by serene

» Record price for Ceylon Tea…
Cargills (CARG) EmptySun May 17, 2020 10:22 am by The Invisible

» Sri Lanka tea prices soar despite COVID-19 disruptions
Cargills (CARG) EmptySun May 17, 2020 10:20 am by The Invisible

» පසුගිය සතියේ දී කොටස් වෙළෙඳපොළෙන් රු. බිලියන 3.5 ක ශුද්ධ විදේශීය ගලා යාමක්
Cargills (CARG) EmptySat May 16, 2020 4:45 pm by nihal123

» Am Sure He was Joking !
Cargills (CARG) EmptySat May 16, 2020 3:31 pm by slstock

» Films - To Watch List
Cargills (CARG) EmptyThu May 14, 2020 9:44 pm by nirmal

» Thread for News on CSE and SL Economy
Cargills (CARG) EmptyWed May 13, 2020 6:39 pm by nihal123

» කලකට පසු කොටස් වෙළෙඳපොළේ කැපී පෙනෙන වර්ධනයක්. 2018 නොවැම්බර් මාසයෙන් පසු සියලු කොටස් මිල දර්ශකයේ ඉහළම ප්‍රතිශතාත්මක වර්ධනය අද
Cargills (CARG) EmptyWed May 13, 2020 6:38 pm by nihal123

» Caught in Providence
Cargills (CARG) EmptyTue May 12, 2020 2:24 pm by කිත්සිරි ද සිල්වා

» Users Online
Cargills (CARG) EmptyMon May 11, 2020 8:38 am by slstock

» RECOMMENCEMENT OF TRADING
Cargills (CARG) EmptySat May 09, 2020 11:25 am by The Invisible

» Sri Lanka forex reserves drop US$353mn to US$7.2mn in April
Cargills (CARG) EmptyFri May 08, 2020 1:55 pm by The Invisible

» අසිරිමත් තෙමගුලක් ඔබ සියලු දෙන හට
Cargills (CARG) EmptyFri May 08, 2020 12:25 am by Afourer

» මහබැංකු පොලි අනුපාතය පහළට
Cargills (CARG) EmptyThu May 07, 2020 8:54 pm by The Invisible

» සියයට 10 කින් S&P SL20 වැටුණොත් කොටස් වෙළෙඳපොළ හමාරයි. දෛනික ගනුදෙනු අත්හිටුවීම අදියර තුනකින්
Cargills (CARG) EmptyThu May 07, 2020 10:22 am by nihal123

» The Wuhan virus lab at the heart of the US-China spat
Cargills (CARG) EmptyWed May 06, 2020 3:33 pm by The Invisible

» COVID-19 වසංගතය හේතුවෙන් දකුණු ආසියාවේ දරුණුතම ආර්ථික බලපෑම ශ්‍රී ලංකාවට – The Economist කියයි
Cargills (CARG) EmptyMon May 04, 2020 6:21 pm by nihal123

» තීන්ත කොන්ත්‍රාත්තුව
Cargills (CARG) EmptyMon May 04, 2020 1:56 pm by nihal123

» Sri Lanka’s oil palm growers say ready for more ‘import substitution’ if allowed
Cargills (CARG) EmptyMon May 04, 2020 11:45 am by The Invisible

» Sri Lanka high grown teas up, low growns ease in April 29/30 auction
Cargills (CARG) EmptyMon May 04, 2020 11:42 am by The Invisible

» Sri Lanka businesses call for labor law flexibility, deferred EPF in Coronavirus curfews
Cargills (CARG) EmptySun May 03, 2020 10:31 am by Expert

» Warren Buffett: ‘American magic’ will spur US economic recovery
Cargills (CARG) EmptySun May 03, 2020 9:20 am by කිත්සිරි ද සිල්වා

May 2020
SunMonTueWedThuFriSat
     12
3456789
10111213141516
17181920212223
24252627282930
31      

Calendar Calendar

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

Cargills (CARG)

Go down

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)
The Invisible
The Invisible

Posts : 2095
Join date : 2016-11-28
Age : 40

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum