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SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyMon Oct 21, 2019 7:54 am by කිත්සිරි ද සිල්වා

» Thread for News on CSE and SL Economy
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyFri Oct 18, 2019 10:22 pm by nihal123

» Devolution of power, civil wars, altruism, nepotism in animal world
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyFri Oct 18, 2019 10:15 pm by Backstage

» අනං මනං! #/+?.<>
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyFri Oct 18, 2019 9:06 pm by ruwan326

» East West properties
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyWed Oct 16, 2019 12:06 pm by yellow knife

» RCL - Royal Ceramics
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyMon Oct 14, 2019 12:47 pm by seek

» Performance of the Market-Weekly
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptySat Oct 12, 2019 4:29 am by ruwan326

» Confidence to boom after election – CBSL Governor
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyFri Oct 11, 2019 4:09 pm by Backstage

» Sri Lanka among top 20 rising stars of world trade
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» CLND Not to miss
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyThu Oct 10, 2019 9:24 am by ruwan326

» Dividend Announcement
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyWed Oct 09, 2019 4:59 pm by Rana

» අපි නොදන්න ගීතයක කතාව
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyFri Oct 04, 2019 11:55 am by nuwanmja

» මූඩීස් ප්‍රකාශය පිළිගන්න බැහැ – මහ බැංකුව කියයි
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyWed Oct 02, 2019 6:46 am by nihal123

» ආර්ථික වර්ධනය 2.7% ට බසී
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyTue Oct 01, 2019 1:29 pm by nihal123

» Ranil agrees to give Sajith candidacy - AdaDetana
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyThu Sep 26, 2019 5:05 pm by mymoney

» Cracks in the Real Estate Sector
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyThu Sep 26, 2019 2:44 pm by chutiputha

» Films - To Watch List
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyFri Sep 20, 2019 8:38 am by Topcat

» ෆිනෑන්ස් බලපත්‍රය අවලංගුයි. අද සිට මුදල් ව්‍යාපාර බැහැ
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyFri Sep 20, 2019 7:53 am by serene

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyThu Sep 19, 2019 4:33 pm by nuwanmja

» Easter Sunday Attack and Sri Lanka
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyThu Sep 19, 2019 12:49 pm by Ethical Trader

» Trading Journal
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyWed Sep 18, 2019 9:01 am by CK

» Thought for the day...
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyTue Sep 17, 2019 5:44 pm by sashimaal

» කැසිනෝ ව්‍යාපාරික රවී විජේරත්න, අර්බුදයට පත් MTD Walkers මිල දී ගැනීමට සැරසෙයි
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyMon Sep 09, 2019 7:47 pm by nihal123

» Happy Birthday
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyMon Sep 09, 2019 10:54 am by nuwanmja

»  Rajgama Heroes !
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptySat Sep 07, 2019 10:24 am by කිත්සිරි ද සිල්වා

» Yahoo mail
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyFri Sep 06, 2019 5:38 pm by Rana

» Thread for News on International Markets
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyFri Sep 06, 2019 9:50 am by The Invisible

» JINS.N0000 ( Janashakthi Insurance PLC)
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyFri Sep 06, 2019 9:47 am by The Invisible

» Browns Investments update
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyFri Sep 06, 2019 6:00 am by sanjulanka

» Hayleys MGT
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyFri Sep 06, 2019 5:55 am by The Invisible

» SEYB.N0000 ( SEYLAN BANK PLC )
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyThu Sep 05, 2019 8:47 pm by soileconomy

» Tourism Sector
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyThu Sep 05, 2019 6:08 pm by NIRMALSG

» TJL.N0000 (Textured Jersey Lanka PLC.)
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyTue Sep 03, 2019 6:12 pm by Ethical Trader

» UBC Union Bank of Colombo
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyTue Sep 03, 2019 12:09 pm by The Invisible

» Obituary Notice.
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyMon Sep 02, 2019 10:34 pm by කිත්සිරි ද සිල්වා

» Thread for News on Local and Foreign Politics
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptySat Aug 31, 2019 5:13 pm by The Invisible

» Sri Lanka bank profitability under pressure: Moody’s
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptySat Aug 31, 2019 8:44 am by The Invisible

» ‘වැඩකාරයාගේ නමත් සිරිසේන’ කියලා හිනාවුණා
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyFri Aug 30, 2019 4:05 pm by sanjulanka

» 8000 Post Club | Celebration of a Great Milestone කිත්සිරි ද සිල්වා
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyThu Aug 29, 2019 7:17 pm by කිත්සිරි ද සිල්වා

» In the Meantime, Within Our Shores !
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyThu Aug 29, 2019 10:37 am by කිත්සිරි ද සිල්වා

» Sri Lanka to call for bids to develop Mannar Basin natural gas find
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyTue Aug 27, 2019 4:32 pm by nuwanmja

» “බිරිඳගේ සහ පෙම්වතියගේ වෙනස මොකක්ද?”
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptySun Aug 25, 2019 11:51 pm by sanjulanka

» The Central Bank of Sri Lanka Reduces its Policy Interest Rates
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptySat Aug 24, 2019 4:26 am by Ethical Trader

» JKH - 155/00 Breakout is pending
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyFri Aug 23, 2019 2:21 pm by pjrngroup

» Tokyo as at 21.08.2019 Morning
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyWed Aug 21, 2019 10:07 am by nisashi

» What Would You Do?
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyMon Aug 19, 2019 1:02 pm by කිත්සිරි ද සිල්වා

» Back of the Legends
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptyMon Aug 19, 2019 10:13 am by Topcat

» NTB.N0000 (NATIONS TRUST BANK PLC)
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptySun Aug 18, 2019 10:33 pm by lanka

» Melstacorp (MELS)
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptySun Aug 18, 2019 8:33 pm by The Invisible

» Cargills (CARG)
SHL.N0000 (Softlogic Holdings PLC) - Page 2 EmptySun Aug 18, 2019 8:26 pm by The Invisible

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SHL.N0000 (Softlogic Holdings PLC)

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SHL.N0000 (Softlogic Holdings PLC) - Page 2 Empty Re: SHL.N0000 (Softlogic Holdings PLC)

Post by The Invisible on Mon Jul 22, 2019 9:18 am

Sri Lanka's Softlogic group eyes Africa, Asia for expansion

Jul 22, 2019 07:20 AM GMT+0530 | 0 Comment(s)


ECONMYNEXT - Sri Lanka's Softlogic group, which has interests in healthcare, financial service and retail wants to expand into Africa and Asia, Chairman Ashok Pathirage has said, while looking for way to cut debt.

"Our vision has expanded beyond our shores and we are likely to commence operations of our successful Sectors in Asian and African markets to replicate our success in Sri Lanka," Pathirage told shareholders in the annual report.

"There is significant scope for expanding our internationally certified healthcare services in to neighbouring countries with positive outcomes while African markets demonstrate potential for insurance products.

"Understandably we are excited by our next growth phase as we seek to position the Softlogic Group as a leading player in the region in selected Sectors."

Softlogic has expanded with acquisitions in recent years which were funded with debt. In the past the firm has later cut gearing by raising equity.

"Higher levels of debt relative to peers has been part and parcel of our risk profile which has been proactively managed with forethought and foresight as evinced by managed exits to realise cash flow in the recent past," Pathirage said.

"We are evaluating several options for reducing debt and are likely to deploy several strategies to
achieve a satisfactory outcome to improve the financial gearing of the Group."

Softlogic was hit by monetary instability in 2018, leading to a collapse after the central bank printed money, which was worsened by a political crisis triggered by President Maithripala Sirisena.

In the year to March the group posted profits of 104 million rupees, down from 204 million rupees a year earlier after minority interest, on revenues of 75 billion rupees, which grew from 55 billion rupees. (Colombo/July22/2019)
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SHL.N0000 (Softlogic Holdings PLC) - Page 2 Empty SOFTLOGIC HOLDINGS PLC - CASH DIVIDEND

Post by Rana on Tue Jul 30, 2019 6:35 pm

SOFTLOGIC HOLDINGS PLC
Voting share (N):
Date of initial announcement:30 Jul 2019
Dividend per share (Rs.) :Voting :0.500
Type of dividend :Final dividend
Financial year:31.03.2019
Shareholder approval:Not required
XD date :08 Aug 2019
Payment date :21 Aug 2019
Share transfer book:Open

Rana
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SHL.N0000 (Softlogic Holdings PLC) - Page 2 Empty Re: SHL.N0000 (Softlogic Holdings PLC)

Post by The Invisible on Sun Aug 18, 2019 8:11 pm

Softlogic plunges to losses in June amid rising finance costs

ECONOMYNEXT- Sri Lanka's Softlogic Holdings Plc made 752.6 million rupees in net losses in the June 2019 quarter from a 49.7 million rupee profit a year earlier on higher finance costs and slower revenue growth following the Easter Sunday attacks, the firm said in its interim financial statement.
Softlogic made a loss of 63 cents per share. The share closed trading on Friday at 15.60 rupees.
Group-level revenue grew 7.1 per cent from a year earlier to 17.1 billion rupees in the June quarter while cost of sales rose 5.8 percent to 10.7 billion rupees and gross profits grew 9.6 percent to 6.4 billion rupees.
The firm, which has diversified interests including in retail, financial services, healthcare, tourism and automobiles said that its sales did not grow faster during the quarter due to the Easter Sunday attacks, which dampened tourist arrivals and domestic consumer demand.
"The first quarter of the financial year witnessed an unexpected disruption to the economy following the Easter Sunday attacks," Chairman Ashok Pathirage said in a statement.
"This woefully affected all sectors of the economy with hotels, hospitals and retail enduring the immediate impact of the aftermath of the Easter attacks," he said.
Financial cost grew 58.7 percent to 2.0 billion rupees while finance costs rose 82 percent to 571.5 million rupees.
Group-level long-term borrowings grew to 29.4 billion rupees as at end-June from 25.1 billion rupees as at end-March.
Short-term borrowings grew to 10.1 billion rupees from 9.8 billion rupees three months earlier while other current financial liabilities grew to 24.7 billion rupees from 23.1 billion rupees.
The group's retail and telecommunications segment posted 267.7 million rupees in losses during the quarter from a 182 million rupee profit a year earlier.
Pathirage said that a pickup in of retail activity, mainly from local demand with a slight improvement in tourist arrivals was seen toward the latter part of the quarter.
The Crystal Jade restaurant chain will open a new outlet at the One Galle Face by Shangri-La mall in October/November, he said.
Pathirage said that the supermarket chain will be expanded as well.
The leisure and property segment losses widened to 408.8 million rupees from 173.3 million rupee a year earlier on falling revenue at the Movenpick and Centara hotels due to lower tourist arrivals following the Easter Sunday attacks.
Healthcare service profits fell to 94.8 million rupees from 422 million rupees a year earlier with rising interest costs following the opening of a new hospital in Kandy.
Activity at the group's hospitals fell due to patients and employees fearing gathering in crowded spaces, Pathirage said.
The Group's financial services segment, which includes a non-bank finance company, an insurance firm and an investment arm posted profits of 394.6 million rupees, up from 226.7 million rupees a year earlier. (Colombo/ August 16/ 2019)
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Post by The Invisible on Sun Aug 18, 2019 8:14 pm

Softlogic plans five more supermarkets in Sri Lanka

ECONOMYNEXT - Sri Lanka’s Softlogic Holdings Plc is planning to expand its new Glomark supermarket chain with five more outlets, a top official said.
“We will be opening a Glomark Flagship store in CR&FC, Colombo 07 along with outlets in Mount Lavinia, Negombo, Rajagiriya and Malabe," Chairman Ashok Pathirage said in a statement.

The opening of a 'Glomark Essential' store which sells daily groceries in June at the Orion City IT park was delayed till August, he said.

Two ‘Glomark Essentials’ outlets have been opened the group's Asiri hospitals in Colombo and Kandy, he said.

“Encouraging results of our Delkanda and Kottawa Glomark outlets and Glomark Essential stores in Asiri Hospitals has been convincing to pursue the planned expansions in the supermarket proposition," Pathirage said.

Sri Lanka's supermarket space is competitive with the market leaders Cargills (388 outlets), Keells (96 outlets) and Arpico (49 Supercentres and daily outlets), according to each firms' latest annual reports.

Glomark has been a new entrant, together with the competing SPAR brand run by Ceylon Biscuits Limited. (Colombo/ August 17/ 2019)
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