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yellow knifeTop contributor
- Posts : 6813
Join date : 2014-03-27
Re: CIND.N0000 (Central Industries PLC)
on Tue Jul 26, 2016 8:55 am
Central Finance company owns 44% of the company. Thus like other Sons CIND has to pay for its mother company. Its always worthy to hold Sons or Daughter companies than Mother companies for the purpose of dividends.
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- yellow knifeTop contributor
- Posts : 6813
Join date : 2014-03-27
Re: CIND.N0000 (Central Industries PLC)
on Tue Jul 26, 2016 10:56 am
There are some key points to be quoted from Annual Report of CIND
1. Sri Lanka was enjoying double digit growth rate in construction sector in past several years but not in 2015 where the sector contracted by 0.9%.
2. National Water Supply and Drainage Board which was the single largest buyer of company has reduced capital expenditure by 23%.
3. Commercial banks lending to the private sector increased by 25% and lower inflation and lower interest rate promoted that. It improved Small and Medium size construction projects and CIND could capture that advertising driven market with proper strategic image building.
4. After long delays , large sums due from the National Water Supply and Drainage Board for suppliers made during the previous year were received during 2015/16. However a sum equivalent to 0.5% of the value from payments made to the suppliers with held.
5. Price of PVC resins which is the primary raw material of PVC pipes remained low and the company made use of the storage facility at Elhena , Yakkala to store up raw materials .
1. Sri Lanka was enjoying double digit growth rate in construction sector in past several years but not in 2015 where the sector contracted by 0.9%.
2. National Water Supply and Drainage Board which was the single largest buyer of company has reduced capital expenditure by 23%.
3. Commercial banks lending to the private sector increased by 25% and lower inflation and lower interest rate promoted that. It improved Small and Medium size construction projects and CIND could capture that advertising driven market with proper strategic image building.
4. After long delays , large sums due from the National Water Supply and Drainage Board for suppliers made during the previous year were received during 2015/16. However a sum equivalent to 0.5% of the value from payments made to the suppliers with held.
5. Price of PVC resins which is the primary raw material of PVC pipes remained low and the company made use of the storage facility at Elhena , Yakkala to store up raw materials .
- RanaTop contributor
- Posts : 1786
Join date : 2015-12-16
Interim Financial Statements as of 31-12-2016
on Tue Feb 07, 2017 5:59 pm
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- The AlchemistTop contributor
- Posts : 649
Join date : 2014-02-25
Re: CIND.N0000 (Central Industries PLC)
on Tue Feb 07, 2017 7:07 pm
Rana wrote:[You must be registered and logged in to see this link.]
This is for 6 months ending 30th sep 2016.
- Future123Active Member
- Posts : 1435
Join date : 2014-04-09
Re: CIND.N0000 (Central Industries PLC)
on Tue Feb 07, 2017 7:15 pm
Another undervalued share trading at 46/=. Should trade above 70/= minimum.
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