DOCSLIB.ORG

Annual Report 2019/20

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2019/20 ANNUAL REPORT 2019/20 ANNUAL REPORT 2019/20 Scan the QR Code with your smart device to view this report online. LOLC HOLDINGS PLC Contents Annual Report 2019/20 Agriculture & 29 Financial Services 38 Plantation 40 Leisure 44 Renewable Energy Manufacturing & Other Strategic 46 Construction 49 Trading 52 Overseas Expansion 57 Investments About us 3 Report of the Integrated Group Structure 4 Risk Management Committee 78 Awards and Certifications 6 Report of the Corporate Governance Funding Partners 8 Committee 79 Our Local Presence 10 Corporate Governance Report 80 Our Global Presence 11 Enterprise Risk Management 85 Financial Highlights 12 Deputy Chairman’s Message 13 Financial Statements Group Managing Director/CEO’s Review 16 Financial Calendar 90 The Board of Directors 19 Chief Executive Officer’s and Chief Financial Officer’s Responsibility Statement 91 Management Discussion & Analysis Directors’ Responsibility for Financial Reporting 92 Financial Review 24 Independent Auditors’ Report 93 Financial Services 29 Statement of Financial Position 98 Agriculture & Plantation 38 Statement of Profit or Loss 100 Leisure 40 Statement of Comprehensive Income 101 Renewable Energy 44 Statement of Changes in Equity 102 Construction 46 Statement of Cash Flow 112 Manufacturing & Trading 49 Notes to the Financial Statements 114 Overseas Expansion 52 Other Strategic Investments 57 Property Details of the Company 316 Ten Year Summary 318 Sustainability at LOLC 61 Summarised Quarterly Statistics 322 Value Addition 324 Report of the Board of Directors 71 Indicative US Dollar Financial Statements 325 Report of the Audit Committee 75 List of Group Companies 328 Report of the Talent Development Share Distribution 337 and Remuneration Committee 76 Notice of Meeting 340 Report of the Related Party Transaction Form of Proxy 341 Review Committee 77 Corporate Information IBC 2 LOLC HOLDINGS PLC About Us Annual Report 2019/20 20,000++ Financial Professionals 1.8 Mn Customers USD 1.2 Bn Customer Deposits USD 2.1 Bn Loan Book Value The LOLC Group has rapidly evolved into being the biggest Non-Banking Financial Institution and one of the biggest and most diversified conglomerates in the country. 100++ Besides a range of financial products and services, our portfolio includes leisure, Funding Partners plantations, agri-inputs, renewable energy, construction, manufacturing and trading and other strategic investments. Our footprint in Sri Lanka spans every district, from the rural hinterlands to major cities and we have enduring business partnerships with a host of financial and developmental organisations across the world. We have significantly successful financial services investments in Cambodia, Myanmar, Pakistan, Indonesia, the Philippines, Nigeria and Zambia; business operations in Maldives and Sierra Leone as well as corporate offices in Singapore, UAE and Mauritius and we continue to expand our international presence by actively seeking new opportunities in the region. As a leading player in Sri Lanka’s SME and microfinance sectors, the LOLC Group has been a catalyst in facilitating financial inclusion. Our role in microfinance has enabled us to benefit many people and communities, whilst striving to maximise environmental benefits through green operations and processes in line with our triple bottom line focus in all we do. The Group’s business interests are in key growth areas of the economy and we are confident that LOLC will grow further both in potential and in value creation for the many stakeholders and partners that we serve. 3 LOLC HOLDINGS PLC Group Structure Annual Report 2019/20 4 LOLC HOLDINGS PLC Annual Report 2019/20 5 LOLC HOLDINGS PLC Awards and Certifications Annual Report 2019/20 This year, LOLC achieved numerous awards and accolades for the Company’s efforts, as we continued to uplift communities and realign our business goals and strategies in order to improve our service standards. As our motivated team journeys along a pathway to achieve far more in the years to come, we are confident that the trust and faith of our stakeholders will ensure business continuity. For the fourth consecutive year, LOLC was named one of Sri Lanka’s LOLC Placed at number 3 in the Business LOLC won the Financial Service Provider Most Admired Companies Today Top 30 of the Year award at the SLIM-Nielsen People’s Awards 2020. 6 LOLC HOLDINGS PLC Annual Report 2019/20 LankaPay International Business LankaPay Technnovation Awards Magazine Awards Technnovation Awards LOLC Finance was awarded the Gold iPay was recognised as the Best LOLC Finance secured the Overall Award for Non-Banking Financial Payment Platform, Sri Lanka for 2019 Gold Award for Excellence in Institution of the year for Customer by the International Business Magazine Inter-Bank Payments amongst Convenience. Awards. Non-Banking Financial Institutions. IFN Best Islamic Bank IFN Best Islamic Provider Sri Lanka Award Global Award 7 LOLC HOLDINGS PLC Funding Partners Annual Report 2019/20 LOLC’s achievement as a partner in uplifting communities was made possible by its longstanding international funding agencies which have extended the financial support the Group needed to achieve its developmental goals. Today, LOLC has forged partnerships with over 100 funding partners worldwide, whose commitment has sustained our sustainable inclusive financing approach to empower lives. 8 LOLC HOLDINGS PLC Annual Report 2019/20 9 LOLC HOLDINGS PLC Our Local Presence Annual Report 2019/20 Northern Province 07 05 01 North - 15 Central 07 North - 10 Province Western 07 03 Province 06 04 01 Eastern 13 Province 03 Central 14 12 01 05 Province 01 Sabaragamuwa 05 02 06 Province 09 05 Uva Province 06 04 01 Western Province 45 08 04 20 Southern Province 16 12 02 07 as at 31st March LOLC Finance Footprint Browns LOLC Finance, Al-Falaah Centres LOLC Development Finance, Branches and LOLC Finance, Al-Falaah Service Centres Service Centres Commercial Leasing & Finance (CLC) Branches 10 LOLC HOLDINGS PLC Our Global Presence Annual Report 2019/20 Mauritius 11 LOLC HOLDINGS PLC Financial Highlights Annual Report 2019/20 For the year ended 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Group Performance Indicators - Rs. Mn Net profit before tax 8,282 7,068 3,706 4,436 8,169 11,858 24,379 24,655 26,818 27,125 Net profit after tax 7,023 5,704 2,552 3,069 6,299 9,331 20,921 19,190 19,636 19,792 Total assets 113,070 145,204 162,982 167,175 244,917 379,595 640,925 822,239 1,043,747 1,335,919 New executions 47,392 58,233 48,119 65,299 113,048 191,135 152,558 172,673 129,588 129,099 Gross portfolio (Rentals 70,077 105,932 107,038 112,747 172,784 216,763 427,365 560,845 723,822 923,594 receivable) Deposits from customers 17,899 26,233 35,397 49,615 50,587 74,166 211,128 307,529 452,075 563,942 Outstanding borrowings 49,256 65,425 72,946 68,368 119,232 215,076 294,115 341,549 387,934 503,824 Non-performing portfolio 1,159 1,702 3,071 3,354 4,014 5,054 7,736 10,187 16,791 27,140 Return on equity (%) 25.88 14.62 5.90 7.05 13.16 25.84 35.54 15.05 14.43 12.20 Key Indicators - Rs. per share Net asset value per share 27.53 41.22 43.96 47.64 59.41 79.33 123.84 148.28 181.09 194.72 (adjusted) Earnings per share (adjusted) 8.08 12.00 5.37 3.19 11.37 17.93 36.11 20.47 23.76 22.93 Company Performance Indicators - Rs. Mn Net profit before tax 1,898 3,072 68 689 458 835 10,149 4,763 (3,106) (9,094) Net profit after tax 1,523 2,977 34 694 504 689 9,777 4,699 (3,184) (9,213) Total assets 54,213 58,028 53,239 49,254 62,609 75,494 102,007 110,723 124,996 146,241 New executions 5,036 3,926 271 - - - - - - - Gross portfolio (rentals 11,897 7,704 3,881 2,134 1,378 1,848 850 2,414 2,535 5,565 receivable) Outstanding borrowings 22,379 23,807 19,738 14,254 25,016 38,369 52,698 54,241 69,895 95,413 Non-performing portfolio 545 500 357 178 168 168 153 149 151 151 Key Indicators - Rs. per share Dividends per share - - 0.50 - - - - - - - Market price per share 119.60 54.00 60.70 75.00 76.60 72.00 61.00 118.00 88.90 88.90 Net asset value per share 15.67 69.97 68.86 71.82 73.44 74.71 98.89 108.85 101.49 98.97 Debt to equity ratio - Times 3.00 0.72 0.60 0.42 0.72 1.08 1.12 1.05 1.52 2.05 Interest cover - Times 1.80 2.19 1.02 1.25 1.27 1.26 2.93 1.78 0.61 0.15 Dividend cover - Times - - 0.14 - - - - - - - 12 LOLC HOLDINGS PLC Deputy Chairman’s Message Annual Report 2019/20 The reason for my optimism is that even with some of the premature investments in the portfolio, 80% of our Profit Before Tax is derived from overseas investments, which assures our partners and shareholders that our diversified business interests will always enable the Group to achieve growth regardless of challenges in Sri Lankan operations. followed by the Presidential Elections end of 2019 and then the outbreak of the COVID-19 pandemic in March 2020, which fortunately did not impact the year under review in any significant manner although it will cast a shadow on how the local and global economy will recover in the next financial year.
Load more

Recommended publications
  • Annual Report 2019/20
    ANNUAL BROWN AND COMPANY PLC BROWN AND COMPANY REPORT 2019/20 ANNUAL REPORT 2019/20 REPORT ANNUAL www.brownsgroup.com CORPORATE INFORMATION COMPANY NAME REGISTERED OFFICE BROWN AND COMPANY PLC No. 481, T. B. Jayah Mawatha (Darley Road), P. O. Box 200, Colombo 10. LEGAL FORM Tel: 011 5063000 A Public Limited Liability Company incorporated in Sri Lanka on Fax: 011 2307380 17th August 1892 under the Joint Stock Companies Ordinance Website: www.brownsgroup.com 1861 and re-registered under the Companies Act No. 07 of 2007. The Company was listed on the Colombo Stock Exchange on BUSINESS OFFICE 25th April 1991. No. 34, Sir Mohamed Macan Markar Mawatha, Colombo 3. CONTENT COMPANY REGISTRATION NO. Tel: 011 5063000. PQ 25 Fax: 011 2307380. Website: www.brownsgroup.com. Our Vision and Our Mission Inner Cover DIRECTORS Ishara Nanayakkara AUDITORS Financial Highlights 1 Executive Chairman Messrs PricewaterhouseCoopers, Board of Directors 2 Chartered Accountants, Kapila Jayawardena Management Discussion & Analysis 4 No. 100, Braybrooke Place, Colombo 02. Non-Executive Director Corporate Governance Report 13 Tel: 011 7719838 Audit Committee Report 38 Kalsha Amarasinghe Fax: 011 2303197 Website: www.pwc.com Remuneration Committee Report 41 Non-Executive Director The Related Party Transactions Review Committee Report 42 Janaka de Silva Business Operations Committee Report 43 Independent Non-Executive Director BANKERS Bank of Ceylon FINANCIAL INFORMATION Tissa Bandaranayake Commercial Bank of Ceylon PLC Independent Non-Executive Director Cargills Bank Ltd. Annual Report of the Board of Directors 46 OUR VISION DFCC Bank PLC Statement of Directors’ Responsibility 51 To be a leading Sri Lankan SECRETARIES Hatton National Bank PLC Independent Auditor’s Report 52 ICICI Bank Ltd.
    [Show full text]
  • Sri Lanka Equity Marketwatch: Daily 15-Oct-20 Focus : ASPI up by 30 Points
    Sri Lanka Equity MarketWatch: Daily 15-Oct-20 Focus : ASPI up by 30 points. Transportation sector contributed mostly to the market turnover while the sector index Index Performance was up by 7.89%. ASPI 5,920 0.51% S&P SL 20 2,366 0.82% Foreign investors were in a selling sentiment, while the net foreign outflows amounted to LKR 30 Mn. Key Statistics Turnover(LKR '000) 3,465,371 -37.06% Focus Volume ('000) 211,320 -54.58% During the day, ASPI was up by 30 points and S&P SL20 was up by 19 points. PER (source: Bloomberg) 15.10 Foreign Pur.(LKR '000) 50,334 Bourse closed in green while turnover surpassed 3.4 Bn due to retail activities. On counters such as JKH, EXPO and HAYL lifted the main index by 17.76 points. Foreign Sales (LKR '000) 79,930 Dom. Pur.(LKR '000) 3,414,826 Dom. Sales (LKR '000) 3,385,230 EXPO topped the turnover list while there were no crossings recorded for the day. Market Cap (LKR Mn) 2,576,914 Foreign investors continued to be the net sellers while the net foreign outflow amounted to LKR 30 Gainers/ Losers 108/64 Mn. YTD Net Foreign Inflow LKR Bn -43.24 Meanwhile, ASPI started daily operations at 5890 level and increased during the day to reached 5920. During the day gainers surpassed losers by 108 to 64. Sector Performance 2.78% Intraday ASPI Performance Automobiles & Components 2.78% Banks 1.90% Capital Goods 3.58% Commercial & Professional Services 0.00% Consumer Durables & Apparel 2.41% Consumer Services Industry -0.47% Diversified Financials 0.47% 11:15 11:30 11:45 12:00 12:15 12:30 12:45 13:00 13:15 13:30 13:45 14:00 14:15 14:45 Energy 1.90% News Highlight: Food & Staples Retailing 1.19% Food, Beverage & Tobacco 0.88% Sri Lanka stocks closed 0.51 per cent higher on Thursday pushed by index heavy stocks, Colombo Stock Exchange data showed.
    [Show full text]
  • Acuity Stockbrokers Research | Sri Lanka Equities
    ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 22 May 2020 ASPI Gains 361 Points amid Heavy Local Buying Indices vs. Turnover (18th May – 22nd May) Interest… S&P Downgrades Credit Rating to 'B- Stable' 5,000 ASPI 2,300 ASPI ^ 8.13% | S&P SL20 ^ 15.89% S&P SL20 4,900 2,200 S&P SL20 S&P 4,800 2,100 ASPI The Bourse ended the week… Cont. P2 4,700 2,000 4,600 1,900 Foreign investors closed the week... Cont. P3 4,500 1,800 18-Mar19-Mar20-Mar21-Mar22-Mar 2.50 Sri Lankan equities reversed ….… Cont. P4 2.00 1.50 1.00 LKR Bn) LKR (Turnover 0.50 Economic Snapshot………… P5 0.00 18-Mar 19-Mar 20-Mar 21-Mar 22-Mar KEY STATISTICS Week ending 22-May 15-May +/- ASPI 4,799.89 4,439.04 8.13% S&P SL20 2,034.38 1,755.51 15.89% Banks 507.01 435.44 16.44% Capital Goods 613.52 528.92 15.99% Food, Beverage & Tobacco 704.89 667.23 5.64% Consumer Durables & Apparel 649.76 583.51 11.35% Materials 514.33 483.50 6.38% Diversified Financials 711.04 654.33 8.67% Turnover (LKR Bn) 8.05 9.61 -16.24% Foreign Buying (LKR Mn) 593.11 1,588.91 -62.67% Foreign Selling (LKR Mn) 3,996.15 5,098.28 -21.62% Daily Average Turnover (LKR Bn) 1.61 1.92 -16.24% Daily Average Foreign Buying (LKR Mn) 118.62 317.78 -62.67% Daily Average Foreign Selling (LKR Mn) 799.23 1,019.66 -21.62% TOP 10 GAINERS TOP 10 LOSERS Opening Closing WoW % Opening Closing WoW % Company Code Company Code Price Price Change Price Price Change TEA SMALLHOLDER TSMLN 20.0 32.5 62.5% INDUSTRIAL ASPH.* ASPHNN 388.4 0.2 -99.9% BROWNS INVSTMNTS BIL N 2.1 3.2 52.4% BLUE DIAMONDS[NV] BLUEX 0.3 0.2
    [Show full text]
  • Acuity Stockbrokers Research | Sri Lanka Equities
    ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 16 Nov 2018 th th Markets Remain Volatile Amid Political Stalemate… Indices vs. Turnover (12 Nov – 16 Nov) CBSL Raises Policy Rates Amid LKR… 6,300 3,200 ASPI DepreciationIncreases 6,200 S&P SL20 3,160 S&P SL20 S&P ASPI ˅ 0.39% | S&P SL20 ^ 0.49% 6,100 3,120 ASPI 6,000 3,080 The Bourse ended the week… Cont. P2 5,900 3,040 5,800 3,000 Foreign investors closed the week... Cont. P3 12-Nov13-Nov14-Nov15-Nov16-Nov 1.00 0.80 Political drama continued ….… Cont. P4 0.60 0.40 LKR Bn) LKR (Turnover 0.20 Economic Snapshot………… P5 0.00 12-Nov13-Nov*14-Nov 15-Nov 16-Nov *Turnover of Rs.6.68Bn on 13th November not displayed KEY STATISTICS Week ending 16-Nov 09-Nov +/- ASPI 5,955.43 5,978.63 -0.39% S&P SL20 3,109.50 3,094.21 0.49% Banking & Finance 15,732.11 15,807.90 -0.48% Food & Beverage 24,161.61 24,413.03 -1.03% Diversified 1,557.07 1,537.10 1.30% Hotel & Travel 2,640.32 2,644.00 -0.14% Plantations 720.37 744.24 -3.21% Manufacturing 2,865.45 2,874.97 -0.33% Turnover (LKR Bn) 8.32 7.80 6.60% Foreign Buying (LKR Mn) 787.02 1,450.20 -45.73% Foreign Selling (LKR Mn) 657.36 5,370.52 -87.76% Daily Average Turnover (LKR Bn) 1.66 1.95 -14.72% Daily Average Foreign Buying (LKR Mn) 157.40 362.55 -56.58% Daily Average Foreign Selling (LKR Mn) 131.47 1,342.63 -90.21% TOP 10 GAINERS TOP 10 LOSERS Opening Closing WoW % Opening Closing WoW % Company Code Company Code Price Price Change Price Price Change LANKA CERAMIC CERAN 132.5 158.8 19.8% S M B LEASING[NV] SEMBX 0.3 0.2 -33.3% BIMPUTH FINANCE BLI N 31.0 35.9 15.8% TESS AGRO[NV] TESSX 0.5 0.4 -20.0% KOTMALE HOLDINGS LAMBN 151.9 174.9 15.1% RADIANT GEMS RGEM 25.0 21.0 -16.0% MERC.
    [Show full text]
  • Guardian Acuity Equity Fund Open Ended Growth Fund June 2021 Tel: +94 112039377 E-Mail: [email protected]
    Guardian Acuity Equity Fund Open Ended Growth Fund June 2021 Tel: +94 112039377 E-mail: [email protected] HIGHLIGHT Crishani Perera The fund recorded a 1.29% return for the month and 2.52% return for 3 Months. The Fund Manager Accelerated vaccine rollouts and generally strong economic data in developed YTD return of the fund was 2.19% vs.benchmark ASPI return of 15.70%. economies led to strong gains in equities with S&P 500 leading with an 8.5% RETURNS* gain during 2Q whilst European stocks followed closely with a 7.1% return. The vaccination programs in rest of the Europe is now catching up with the BENCHMARK PERIOD* FUND S&P SL 20 ASTRI ASPI UK & US. The reopening of economies and a fast rebound in activity has fueled 2021 June 1.29% 5.87% -0.35% 5.88% inflation in some of the developed economies which is expected to contribute 3 Months 2.52% 10.06% 4.15% 10.12% to market jitters in the 2H. The emerging equities lagged with a 5.1% gain Year To Date (YTD 2021) 2.19% 15.70% 12.52% 15.84% during 2Q amidst slow vaccination rollout in most economies, policy Since Inception Cum. 85.21% 43.11% 0.43% 58.15% tightening and regulatory concerns in China. 3.91% 0.05% 5.03% Since Inception CAGR 6.82% Note : All Share Price Index (ASPI) ,All Share Total Return Index(ASTRI) & S&P Srilanka 20 Index (S&P SL 20) are based on CSE data as of 30th June 2021 Retail activity continued to dominate the local equities as notable price gains * Performances are based on month end prices as of 30th June 2021.
    [Show full text]
  • Most Admired Companies of Sri Lanka 2019
    Most Admired Companies of Sri Lanka 2019 Most Admired Companies of Sri Lanka 2019 Contents Making Sri Lanka Irresistible 02 About Deloitte 03 Message from ICC 04 Message from CIMA 05 Message from Daily Financial Times 06 Message from AIA 07 What is a Simply Irresistible Organization? 08 Most Admired Companies 10 Honourable mentions 20 01 Most Admired Companies of Sri Lanka 2019 Making Sri Lanka Irresistible Marco Polo wasn’t wrong when he With the overall business climate being called Sri Lanka the finest island of its conducive to rapid growth, business size in the world. One can visit the sun- and HR leaders must continually keep kissed beaches of the Indian Ocean, focusing on their talent priorities. Our enjoy the tropical grasslands, climb the belief is that only by unlocking the power lofty mountain peaks, and be a part of human capital, can organisations of their spiritual journeys. This lovely continue to deliver hyper-growth and island country not only boasts as one phenomenal business results. They of the most bio-diverse places on the will need to build organisations that planet, but also has a thriving business provide meaningful work and empower environment. During our multiple employees to deliver their best, create an engagements with the organisations environment that supports learning and in Sri Lanka, we found that the growth application of new skills, and constantly journey was absolutely inspirational. inspire and communicate a strong sense The country has access to quality of purpose. education backed with deep-rooted values of perseverance, integrity, and Sri Lanka is a great case study of how diligence, which has created a generation collaboration between the government of employees who are capable doing and the private sector can create incredibly different things.
    [Show full text]
  • 'Can We Eat Fish Or Not?'
    www.themorning.lk Late City VOL 01 | NO 99 | Rs. 30.00 { TUESDAY } TUESDAY, JUNE 15, 2021 World Day Against Child Labour 2021 MINIMUM AGE FOR EMPLOYMENT IN THE BIRTH OF SRI LANKA RAISED EXPORT IRRESISTIBLE FRENCH OPEN THE DIGITAL ART FROM 14 TO 16 TARGET TO BE ACTION: ‘DJOKER’ ASSERTS LOWERED AGAIN HE IS WORLD NO.1 CONNOISSEUR »SEE PAGE 5 »SEE BUSINESS PAGE 1 »SEE PAGE 11 »SEE PAGE 8 MV X-PRESS PEARL DISASTER ‘Can we eat ‘Port officials fish or not?’ z Consumers ask Health z Cites DG as competent let fire spread’ Director General authority as per Food Act z Explosive BY PAMODI WARAVITA the Marine Environment BY BUDDHIKA SAMARAWEERA When contacted by The allegation resident’s Counsel (PC) Sarath Protection Authority he National Movement Morning to inquire about this, Jayamanne, appearing on behalf of (MEPA), Tennakoon also Tfor Consumer Rights NMCRP Chairman Ranjith by Captain’s the Captain of the ill-fated vessel noted that the damage Protection (NMCRP) said Vithanage said that the DGHS lawyers MV X-Press Pearl, Russian national to the country’s marine that the Director General is the competent authority of Tyutkalo Vitaly, at the Colombo High environment has both short of Health Services (DGHS) the Food Act, No. 26 of 1980 PCourt yesterday (14), alleged that officials and long-term effects. should make a statement to as amended. z Claim of the Sri Lanka Ports Authority (SLPA) had Furthermore, Tennakoon the public as to whether the Contd. on page 2 allowed the fire to spread onboard the ship also said that due to the fish available for sale are inaction was without controlling it, in the hope of receiving wrecked ship, a situation in a condition suitable for with eye on compensation for the damages.
    [Show full text]
  • Acuity Stockbrokers Research | Sri Lanka Equities
    ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 22 Feb 2019 Indices vs. Turnover (18th Feb – 22nd Feb) ASPI Closes in the Red for the 3rd Consecutive Week… CBSL Cuts SRR by 1.0% Amid Steady Policy Rates 6,000 ASPI 3,050 5,960 S&P SL20 3,030 SL20 S&P ASPI ˅ 1.21% | S&P SL20 ˅ 1.68% 5,920 3,010 ASPI 5,880 2,990 The Bourse ended the week… Cont. P2 5,840 2,970 5,800 2,950 Foreign investors closed the week... Cont. P3 18-Feb 20-Feb 21-Feb 22-Feb 1.10 0.88 0.66 Sri Lanka equities extended ….… Cont. P4 0.44 LKR Bn) LKR (Turnover 0.22 0.00 Economic Snapshot………… P5 18-Feb 20-Feb 21-Feb 22-Feb KEY STATISTICS Week ending 22-Feb 15-Feb +/- ASPI 5,837.72 5,909.30 -1.21% S&P SL20 2,977.47 3,028.22 -1.68% Banking & Finance 15,764.51 16,069.76 -1.90% Food & Beverage 24,001.05 23,981.04 0.08% Diversified 1,514.52 1,521.69 -0.47% Hotel & Travel 2,613.98 2,639.98 -0.98% Plantations 754.39 772.69 -2.37% Manufacturing 2,647.25 2,821.66 -6.18% Turnover (LKR Bn) 2.20 5.82 -62.26% Foreign Buying (LKR Mn) 443.52 2,624.76 -83.10% Foreign Selling (LKR Mn) 676.57 4,476.29 -84.89% Daily Average Turnover (LKR Bn) 0.55 1.16 -52.82% Daily Average Foreign Buying (LKR Mn) 110.88 524.95 -78.88% Daily Average Foreign Selling (LKR Mn) 169.14 895.26 -81.11% TOP 10 GAINERS TOP 10 LOSERS Opening Closing WoW % Opening Closing WoW % Company Code Company Code Price Price Change Price Price Change S M B LEASING SEMBN 0.4 0.5 25.0% LIGHTHOUSE HOTEL LHL N 31.6 25.5 -19.3% RAMBODA FALLS RFL N 17.4 21.0 20.7% LANKA VENTURES LVENN 45.0 36.6 -18.7% KOTMALE HOLDINGS LAMBN 170.9 192.1 12.4% CARGO BOAT CABON 72.0 59.0 -18.1% HAPUGASTENNE HAPUN 17.0 19.0 11.8% CITRUS LEISURE REEFN 4.7 3.9 -17.0% ANILANA HOTELS ALHPN 0.9 1.0 11.1% CHEVRON LLUBN 75.5 62.9 -16.7% LANKA REALTY ASCON 20.9 22.8 9.1% SAMSON INTERNAT.
    [Show full text]
  • Acuity Stockbrokers Research | Sri Lanka Equities
    ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 19 Jun 2020 ASPI Hits 3-Month High… CBSL Introduces New Indices vs. Turnover (15th Jun – 19th Jun) Relief Measures… 5,250 ASPI 2,500 S&P SL20 ASPI ^ 1.54% | S&P SL20 ^ 4.94% 5,150 2,400 S&P SL20 S&P 5,050 2,300 ASPI 4,950 2,200 The Bourse ended the week… Cont. P2 4,850 2,100 4,750 2,000 Foreign investors closed the week... Cont. P3 15-Jun 16-Jun 17-Jun 18-Jun 19-Jun 2.50 2.00 Domestic equities rallied ….… Cont. P4 1.50 1.00 LKR Bn) LKR (Turnover 0.50 0.00 Economic Snapshot………… P5 15-Jun 16-Jun 17-Jun 18-Jun 19-Jun KEY STATISTICS Week ending 19-June 12-June +/- ASPI 4,990.42 4,914.83 1.54% S&P SL20 2,156.53 2,054.96 4.94% Banks 513.82 488.41 5.20% Capital Goods 664.09 654.69 1.44% Food, Beverage & Tobacco 722.51 725.27 -0.38% Consumer Durables & Apparel 729.40 724.20 0.72% Materials 553.45 541.23 2.26% Diversified Financials 740.07 734.84 0.71% Turnover (LKR Bn) 7.08 7.68 -7.89% Foreign Buying (LKR Mn) 704.66 1,157.49 -39.12% Foreign Selling (LKR Mn) 3,351.25 4,404.36 -23.91% Daily Average Turnover (LKR Bn) 1.42 1.54 -7.89% Daily Average Foreign Buying (LKR Mn) 140.93 231.50 -39.12% Daily Average Foreign Selling (LKR Mn) 670.25 880.87 -23.91% TOP 10 GAINERS TOP 10 LOSERS Opening Closing WoW % Opening Closing WoW % Company Code Company Code Price Price Change Price Price Change KELSEY KDL N 22.0 27.5 25.0% BLUE DIAMONDS[NV] BLUEX 0.3 0.2 -33.3% FIRST CAPITAL CFVFN 34.0 41.3 21.5% TESS AGRO TESSN 0.5 0.4 -20.0% MAHAWELI REACH MRH N 11.6 14.0 20.7% SAMSON INTERNAT.
    [Show full text]
  • Annual Report 2019/20
    Hayleys PLC Annual Report 2019/20 Hayleys PLC was founded in 1878 and has grown to be one of Sri Lanka’s biggest multinational business conglomerates, owning a remarkable portfolio of key industry sectors, including manufacturing, agriculture and services. The Group is internationally recognised as a leader in innovation, with manufacturing facilities in Indonesia, India and Thailand, marketing operations in Australia, India, Bangladesh, Italy, Japan, the Netherlands, UK and USA, offering transportation and logistics solutions in Maldives, Myanmar, India, Singapore, Indonesia and Malaysia. The Group accounts for approximately 3.2% of Sri Lanka’s export income, and 3.6% of tea and 3.9% of rubber production. Vision Mission Values 2 To be Sri Lanka’s corporate inspiration at all times Delivering superior shareholder value by unleashing the full potential of our people and achieving leadership in all our domestic and global businesses H - Honesty and Integrity - ethical and transparent in all our dealings. A - Accountability - holding ourselves responsible to deliver what we promise. Y - Yes, WE can! (Team Work) - working with each other and with our partners across boundaries, to make things happen. L - Love for humanity - treating everyone with respect and dignity, providing for the development of our people and rewarding them for good performance. E - Enduring Customer Value - enhancing experiences for every customer, from the rural farmer to the global consumer. Y - Yes, we WILL WIN! (a Will to win) - exhibiting the will to win that which is important to Hayleys and its shareholders. S - Social Responsibility as a Good Corporate Citizen - caring for the communities in which we work, actively supporting their growth and being environmentally responsible in all we do.
    [Show full text]
  • Download Portfolio
    EPF Department of Central Bank of Sri Lanka Listed Equity Portfolio as at 30.06.2020 Rs. 000 No. Company Name No. of Shares Purchased Cost Share Price Market Value 1 Access Engineering PLC 20,478,289 448,736 18.70 382,944 2 ACL Cables PLC 5,907,432 155,514 45.00 265,834 3 ACL Plastics PLC 153,063 19,893 145.20 22,225 4 Aitken Spence PLC 20,590,978 1,997,136 36.50 751,571 5 Aitken Spence Hotel Holdings PLC 31,501,601 1,710,207 18.80 592,230 6 Amaya Leisure PLC 5,194,142 348,646 29.50 153,227 7 Asian Hotels & Properties PLC 45,249,798 3,273,782 29.70 1,343,919 8 Asiri Surgical Hospital PLC 237,750 1,681 9.80 2,330 9 Bairaha Farms PLC 35,483 5,274 93.00 3,300 10 Balangoda Plantations PLC 1,351,098 40,338 9.80 13,241 11 Bogawantalawa Tea Estates PLC 81,724 1,463 8.80 719 12 Browns & Company PLC 6,914,625 1,799,560 59.70 412,803 13 Bukith Darah PLC 2,857,872 2,310,610 173.40 495,555 14 C W Mackie PLC 139,740 12,644 39.80 5,562 15 Cargills (Ceylon) PLC 8,407,333 1,372,001 193.50 1,626,819 16 Carson Cumberbatch PLC 5,602,586 2,607,240 160.00 896,414 17 Central Finance Company PLC 23,701,371 2,684,195 81.00 1,919,811 18 Ceylon Grain Elevators PLC 5,350,549 1,005,585 58.20 311,402 19 Ceylon Guardian Investment PLC 2,969,515 555,487 62.50 185,595 20 Ceylon Hospitals PLC (Durdans) - Voting 1,076,985 106,534 80.40 86,590 21 Ceylon Hospitals PLC (Durdans) - Non-Voting 1,154,371 25,411 70.40 81,268 22 Ceylon Hotels Corporation PLC 21,519,334 711,243 9.20 197,978 23 CT Holdings PLC 7,686,987 1,086,557 144.30 1,109,232 24 Chemanex PLC 23,288 1,454 54.80
    [Show full text]
  • Annual Report 2018/19
    LOLC FINANCE PLC | Annual Report 2018/19 ANNUAL REPORT 2018/19 Powerful partnerships for future value This year, LOLC Finance is pleased to announce that we have successfully completed our acquisition of the LOLC Group’s micro credit company, LOLC Micro Credit Ltd. - a strategic move that transformed LOLC Finance into Sri Lanka’s largest Non-Bank Financial Institution with a total asset base of over Rs. 200 billion. We believe that the power and reach of the new company will be virtually limitless, as it now possesses an even more diverse product and service offering and a depth of talent and technology which combines with the vast resources of the LOLC Group and its numerous funding partners to give LOLC Finance a position of unmatched strength and stability in a very competitive industry sector. Your company has always believed in the importance of strategic alliances and purposeful collaborations and this corporate merger sees us synergised, energised and revitalised, as we forge a multiplicity of new and powerful partnerships designed to deliver growing and sustainable value now and into the future. 1 LOLC FINANCE PLC | SYNERGISED. ENERGISED. ABOUT THIS REPORT Report Profile Forward-Looking Statements This is the first Integrated Report As part of its narrative, the report refers prepared by LOLC Finance PLC. The to plans for the future which reflect 7 Report seeks to demonstrate the the Company’s position and beliefs commitment made by the Company as at the time of writing. However, we About us to be transparent in the disclosure of recognise that we operate in a changing Review our credentials and all its business activities and provide a environment and hence, there are meet our leadership teams balanced view of how value is created for uncertainties or new developments that shareholders and other stakeholders of could cause actual results or actions LOLC Finance PLC.
    [Show full text]