May 22, 2015 12:30
EconomyNext – Gains from the sale of stakes in two investments helped Sri Lanka’s Guardian Capital Partners increase net profit to 184 million rupees in the financial year ended March 31, 2015 from 15.5 million the year before.
Earnings per share for the year were 7.13 rupees compared with 60 cents previously, its annual report filed with the stock exchange showed.
A statement by the company, the private equity investment arm of the Ceylon Guardian Investment Trust Group, said the improvement was mainly driven by profits realized on the divestments of holdings in two investments it had.
Annual revenue rose 591 percent to almost 200 million rupees which was driven by gains made on the sell down of stakes in Expolanka Holdings and Access Engineering which yielded gains of 171 million rupees.
The report said a total gain of 130 million rupees was realized on the sale of 28 million shares of Expolanka and the balance gain of 41.3 million rupees as realized on Access Engineering.
“The sell down was executed in order to reduce the exposure to the company as the risk profile of the company changed significantly during the last quarter of the year,” Guardian Capital Partners told shareholders in its annual report.
The company’s portfolio is managed by Guardian Fund Management Limited.
The company statement said it believes the private equity market to be gaining traction, albeit at a very slow pace.
“With the end of the war have seen some of the largest and most respected global private equity players and investors committing funds into Sri Lanka.
“Guardian Capital Partners PLC is on the lookout for good quality businesses backed by strong entrepreneurial and management teams who seek capital to fund their growth plans,” it said.
» CCS.N0000 ( Ceylon Cold Stores)
» Sri Lanka plans to allow tourists from August, no mandatory quarantine
» When Will It Be Safe To Invest In The Stock Market Again?
» Dividend Announcements
» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්රතික්ෂේප කළ ගණිතඥයා
» SEYB.N0000 (Seylan Bank PLC)
» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
» The Korean Way !
» In the Meantime Within Our Shores!
» What is Known as Dementia?
» SRI LANKA TELECOM PLC (SLTL.N0000)
» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
» Equinox ( වසන්ත විෂුවය ) !
» COMB.N0000 (Commercial Bank of Ceylon PLC)
» REXP.N0000 (Richard Pieris Exports PLC)
» RICH.N0000 (Richard Pieris and Company PLC)
» Do You Have Computer Vision Syndrome?
» LAXAPANA BATTERIES PLC (LITE.N0000)
» What a Bank Run ?
» 104 Technical trading experiments by HUNTER
» GLAS.N0000 (Piramal Glass Ceylon PLC)
» Cboe Volatility Index
» AHPL.N0000
» TJL.N0000 (Tee Jey Lanka PLC.)
» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
» Bitcoin and Cryptocurrency
» CSD.N0000 (Seylan Developments PLC)
» PLC.N0000 (People's Leasing and Finance PLC)
» Bakery Products ?
» NTB.N0000 (Nations Trust Bank PLC)
» Going South
» When Seagulls Follow the Trawler
» Re-activating
» අපි තමයි හොඳටම කරේ !
» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
» SAMP.N0000 (Sampath Bank PLC)
» APLA.N0000 (ACL Plastics PLC)
» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
» Banks, Finance & Insurance Sector Chart
» VPEL.N0000 (Vallibel Power Erathna PLC)
» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
» WATA - Watawala
» KFP.N0000(Keels Food Products PLC)
» Capital Trust Broker in difficulty?
» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
» What Industry Would You Choose to Focus?
» Should I Stick Around, or Should I Follow Others' Lead?