DOCSLIB.ORG

ASB Research Weekly 18.09.2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 18 Sep 2020 ASPI Hits 7-Month High Amid Retail Driven Indices vs. Turnover (14th Sep – 18th Sep) Momentum… Trade Deficit Narrows in Jul’20 6,000 ASPI 2,700 ASPI ^ 5.18% | S&P SL20 ^ 6.49% S&P SL20 5,850 2,600 S&P SL20 S&P 5,700 2,500 ASPI The Bourse ended the week… Cont. P2 5,550 2,400 5,400 2,300 5,250 2,200 Foreign investors closed the week... Cont. P3 14-Sep 15-Sep 16-Sep 17-Sep 18-Sep 4.00 Domestic equities jumped ….… Cont. P4 3.20 2.40 1.60 LKR Bn) LKR (Turnover 0.80 Economic Snapshot………… P5 0.00 14-Sep 15-Sep 16-Sep 17-Sep 18-Sep KEY STATISTICS Week ending 18-Sep 11-Sep +/- ASPI 5,720.67 5,438.91 5.18% S&P SL20 2,512.40 2,359.24 6.49% Banks 595.59 559.68 6.42% Capital Goods 805.12 771.59 4.35% Food, Beverage & Tobacco 796.71 764.76 4.18% Consumer Durables & Apparel 932.82 824.37 13.16% Materials 874.94 789.47 10.83% Diversified Financials 801.38 783.76 2.25% Turnover (LKR Bn) 15.98 9.45 69.05% Foreign Buying (LKR Mn) 958.88 348.54 175.11% Foreign Selling (LKR Mn) 3,038.98 2,312.77 31.40% Daily Average Turnover (LKR Bn) 3.20 1.89 69.05% Daily Average Foreign Buying (LKR Mn) 191.78 69.71 175.11% Daily Average Foreign Selling (LKR Mn) 607.80 462.55 31.40% TOP 10 GAINERS TOP 10 LOSERS Opening Closing WoW % Opening Closing WoW % Company Code Company Code Price Price Change Price Price Change EXPOLANKA EXPON 6.9 9.8 42.0% BLUE DIAMONDS[NV] BLUEX 0.3 0.2 -33.3% RENUKA AGRI RAL N 3.1 4.1 32.3% KELSEY KDL N 34.8 29.7 -14.7% HAYLEYS FABRIC MGT N 16.8 22.1 31.5% BLUE DIAMONDS BLUEN 0.7 0.6 -14.3% HNB FINANCE HNBFN 5.4 7.1 31.5% ARPICO ARPIN 124.9 116.3 -6.9% LANKA IOC LIOCN 17.7 23.0 29.9% EQUITY TWO PLC ETWON 55.9 52.1 -6.8% LAUGFS POWER[NV] LPLX 3.4 4.4 29.4% AMANA LIFE ATLLN 9.7 9.1 -6.2% CIT CITN 62.0 80.0 29.0% PDL PDL N 149.7 142.9 -4.5% RENUKA FOODS[NV] COCOX 11.0 14.1 28.2% MILLENNIUM HOUSE MHDLN 7.0 6.7 -4.3% LAUGFS POWER LPLN 4.5 5.7 26.7% LOTUS HYDRO HPFLN 7.2 6.9 -4.2% S M B LEASING SEMBN 0.4 0.5 25.0% LANKEM DEV. LDEVN 5.0 4.8 -4.0% 1 ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 18 Sep 2020 Market Review Indices | Liquidity (in Volume Terms) | The Bourse ended the week on a positive note as the The Food Beverage & Tobacco Industry Group ASPI increased by 281.76 points (or 5.18%) to close at dominated the market in terms of share volume, 5,720.67 points, while the S&P SL20 Index also accounting for 25.76% (or 201.19Mn shares) of total increased by 153.16 points (or 6.49%) to close at volume, with a value contribution of LKR 2.42Bn. The 2,512.40 points. Transportation Industry Group followed suit, adding 20.62% to total turnover volume as 161.02Mn shares Turnover & Market Capitalization | were exchanged. The Industry Group’s volume Expolanka was the highest contributor to the week’s accounted for LKR 1.46Bn of total market turnover turnover value, contributing LKR 1.46Bn or 9.12% of value. The Capital Goods Industry Group meanwhile, total turnover value. JKH followed suit, accounting for contributed 89.75Mn shares (or 11.49%), amounting to 9.09% of turnover (value of LKR 1.45Bn) while HNB LKR 3.36Bn. contributed LKR 0.85Bn to account for 5.32% of the week’s turnover. Total turnover value amounted to LKR Top Gainers & Losers | 15.98Bn (cf. last week’s value of LKR 9.45Bn), while Expolanka was the week’s highest price gainer; daily average turnover value amounted to LKR 3.20Bn increasing 42.0% W-o-W from LKR6.90 to LKR9.80 (69.05% W-o-W) compared to last week’s average of while Renuka Agri(+32.3% W-o-W), Hayleys Fabric LKR 1.89Bn. Market capitalization meanwhile, increased (+31.5% W-o-W) and HNB Finance(+31.5% W-o-W) by 7.71% W-o-W (or LKR 177.86Mn) to LKR 2,486.27Bn were also amongst the top gainers. cf. LKR 2,308.41Bn last week. Blue Diamonds[NV] was the week’s highest price loser; Liquidity (in Value Terms) | declining 33.3% W-o-W to close at LKR0.20. Kelsey Dev. The Banks Industry Group was the highest contributor (-14.7% W-o-W), Blue Diamonds (-14.3% W-o-W) and to the week’s total turnover value, accounting for Arpico (-6.9% W-o-W) were also amongst the top losers 22.31% (or LKR 3.56Bn) of market turnover. Industry over the week. Group’s turnover was driven primarily by HNB,Commercial & Sampath Bank which accounted for TOP 10 TURNOVERS 66.12% of the sector’s total turnover. The Capital Goods Opening Closing Value Industry Group meanwhile accounted for 21.05% (or Company Code LKR 3.36Bn) of the total turnover value, with turnover Price Price (Rs. Mn) driven primarily by JKH & Hemas Holdings which EXPOLANKA EXPON 6.9 9.8 1,457.1 JKH JKH N 135.9 137.9 1,452.2 accounted for 60.11% of the sector turnover. The HNB HNB N 119.6 130.3 850.5 Food,Beverage & Tobacco Industry Group was also COMMERCIAL BANK COMBN 79.5 82.8 757.0 amongst the top sectorial contributors, contributing SAMPATH SAMPN 124.0 137.0 749.5 15.14% (or LKR 2.42Bn) to the total turnover, with MELSTACORP MELSN 29.5 35.0 701.8 turnover driven primarily by Melstacorp accounting for TOKYO CEMENT[NV] TKYOX 37.0 45.5 664.3 29.02% of the total turnover. TOKYO CEMENT TKYON 45.9 54.4 638.6 HAYLEYS FABRIC MGT N 16.8 22.1 628.2 HEMAS HOLDINGS HHL N 60.3 68.0 570.1 2 ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 18 Sep 2020 Market Review (Cont’d) Net Foreign Purchases (11 Sep-18 Sep) Net Foreign Sales (11 Sep-18 Sep) DISTILLERIES DOLPHIN HOTELS Volume Change ('000s) Volume Change ('000s) LMF TEEJAY LANKA AITKEN SPENCE BROWNS INVSTMNTS CIC[X.0000] HEMAS HOLDINGS CARGILLS EXPOLANKA WATAWALA EAST WEST PEOPLES LEASING RENUKA AGRI HNB COMMERCIAL BANK* HAYLEYS FABRIC MELSTACORP* SAMPATH JKH* 0 200 400 600 800 1,000 (1,500) (1,200) (900) (600) (300) - *Volume change of JKH(9.00Mn share), Melstacorp (3.50Mn shares) & Commercial Bank (2.90Mn shares) from 11th Sep – 18th Sep not displayed. Foreign investors closed the week in a net selling position with total net outflow amounting to LKR 2.08Bn relative to last week’s total net outflow of LKR 1.96Bn (-5.90% W-o-W). Total foreign purchases increased by 117.1% W-o-W to LKR 0.96Bn from last week’s value of LKR 0.35Bn, while total foreign sales amounted to LKR 3.04Bn relative to LKR 2.31Bn recorded last week (31.40% W-o-W). In terms of volume, Sampath Bank & Hayleys Fabric led foreign purchases while JKH & Melstacorp led foreign sales. In terms of value, Sampath Bank & HNB led foreign purchases while JKH & Cold Stores led foreign sales. Net Foreign Purchases (By Transaction Value) Net Foreign Sales (By Transaction Value) Foreign Holding (%) Value* Foreign Holding (%) Value* Company Net Change Company Net Change 18/09/20 11/09/20 (LKR. Mn) 18/09/20 11/09/20 (LKR. Mn) SAMPATH 15.80% 15.57% 895,765 122.72 JKH 41.43% 42.11% (8,959,468) (1,236) HNB 27.18% 27.10% 339,562 44.24 COLD STORES 10.05% 10.54% (469,255) (312) CARGILLS 7.58% 7.50% 200,545 37.10 COMMERCIAL BANK 16.14% 16.44% (2,899,872) (240) HAYLEYS FABRIC 1.37% 0.97% 828,245 18.30 MELSTACORP 23.35% 23.65% (3,503,720) (123) CIC[X.0000] 6.99% 6.52% 102,814 7.32 CEYLON TOBACCO 97.04% 97.09% (84,767) (80) WATAWALA 1.00% 0.90% 205,722 6.81 HEMAS HOLDINGS 21.96% 22.11% (877,265) (60) PEOPLES LEASING 4.28% 4.26% 285,245 3.79 LMF 21.25% 22.52% (508,284) (54) NAMUNUKULA 2.44% 2.34% 23,676 3.05 C T HOLDINGS 14.36% 14.49% (269,301) (41) SANASA DEV. BANK 23.53% 23.46% 38,320 2.12 CHEVRON 17.72% 17.88% (393,256) (34) DIPPED PRODUCTS 8.54% 8.80% (158,764) (32) AITKEN SPENCE 21.83% 21.82% 54,200 2.10 Note: *Value based on closing price and not on actual traded price Please note that the foreign shares data displayed above include private transfers done outside of the market. Foreign Purchases Vs. Sales Week Ending Net Position of Foreign Holdings 1,380 Foreign Purchases Foreign Sales 0 1,150 -600 920 -1,200 690 LKR. Mn LKR.
Recommended publications
  • Hayleys Fibre Plc Annual Report 2019/20

    Hayleys Fibre Plc Annual Report 2019/20

    Integral Integration HAYLEYS FIBRE PLC ANNUAL REPORT 2019/20 It has truly been a year of Integration as we took extensive strides in upgrading all aspects of the company through new systems, ventures and centralised resource mobilising. While paying special attention to logistical cohesion, we are taking the next carefully planned steps in expanding our reach. This includes the diversification of our products and its introduction to new markets. Our adoption of the “best” is propelling us to be the best in the business. CONTENTS History of the Business / 3 Financial Highlights / 4 Joint Statement from the Chairman and the Managing Director / 6 Our Product Portfolio / 10 Operational Review and Management Discussion / 14 GOVERNANCE Profiles of Directors /22 Statement of Directors’ Responsibility / 25 Annual Report of the Board of Directors on the Affairs of the Company / 26 Responsibility Statement of Chairman, Managing Director and Chief Financial Officer 30/ Corporate Governance / 31 Risk Management / 38 Related Party Transactions Review Committee Report / 43 Audit Committee Report / 44 FINANCIAL REPORTS Independent Auditor’s Report / 46 Statement of Profit or Loss /50 Statement of Comprehensive Income / 51 Statement of Financial Position / 52 Statement of Changes in Equity / 53 Statement of Cash Flows / 55 Notes to the Financial Statements / 56 SUPPLEMENTARY INFORMATION Share Information / 110 Statement of Value Added / 112 Ten Year Summary - Group / 113 Notice of Meeting / 114 Form of Proxy / 115 Corporate Information (Inner Back Cover) HISTORY OF THE BUSINESS A subsidiary of the blue-chip, Hayleys Group of Sri Lanka, VISION Hayleys Fibre PLC is a manufacturer and exporter of coir To be the leading provider of based, eco friendly products with a growing international innovative, sustainable and market.
  • Expolanka Holdings Plc Integrated Annual Report

    Expolanka Holdings Plc Integrated Annual Report

    EXPOLANKA HOLDINGS PLC INTEGRATED ANNUAL REPORT 2020/21 EXPOLANKA HOLDINGS PLC | INTEGRATED REPORT 2020/21 2 fruitionEXPOLANKA HOLDINGS PLC | INTEGRATED ANNUAL REPORT 2020/21 At Expolanka, we remain fully committed to our promise made several years ago, to drive long term sustainable value, by adapting a focused, constant and consistent strategy. Even though the year under review post several challenges, we were able to pursue our said strategies and bring to fruition our plans for progress which was fueled by our innate resilience and strength. The seeds we planted have taken root and we keep our focus upward, expanding in our focused direction in order to adapt to the current environment. We remain fruitful in our optimism, our can-do attitude and endurance, a recipe for success that will carry us through to more opportunity. Overview EXPOLANKA HOLDINGS PLC | INTEGRATED ANNUAL REPORT 2020/21 2 CONTENTS Chairman’s Overview Compliance Reports 12 About Us 3 Corporate Governance 71 Message About this Report 4 Risk Management Report 93 Group Milestones 5 Related Party Transactions Financial Highlights 6 Review Committee Report 101 15 Group CEO’s Highlights of the Year 7 Remuneration Committee Report 103 Review Chairman’s Message 12 Group CEO’s Review 15 Financial Reports Board of Directors 18 Annual Report of the Board of Directors Group Senior Management Team 20 on the Affairs of the Company 108 23 Financial Indicators 22 The Statement of Directors’ Responsibility 112 Performance Group Performance 23 Audit Committee Report 113 Overcoming
  • HAYLEYS FABRIC PLC CSE: MGT.N0000 Bloomberg: MGT SL EQUITY | SRI LANKA | CONSUMER DURABLES and APPAREL

    HAYLEYS FABRIC PLC CSE: MGT.N0000 Bloomberg: MGT SL EQUITY | SRI LANKA | CONSUMER DURABLES and APPAREL

    HAYLEYS FABRIC PLC CSE: MGT.N0000 Bloomberg: MGT SL EQUITY | SRI LANKA | CONSUMER DURABLES AND APPAREL INITIATING WITH A BUY Riding the TREND!!!! CORPORATE UPDATE | 07 AUG 2019 Fair Value [FY20E]: LKR 20.0 [47%] FIRST CAPITAL RESEARCH Total Return with DPS 47% [AER 82%] Hiruni Perera +94 11 263 9864 [email protected] Disclosure Minimum Return for BUY: Buy Below [AER of 16.83% without DPS]: LKR 18.10 MGT categorized as ‘Grade B’ counter (Refer slide 44 for Recommendation criteria of Grade A, B & C Stocks) Disclosure on Shareholding: First Capital Group does not hold shares in MGT. First Capital Group has not traded in the shares in the three trading days prior to this document and will not trade in the shares for three trading days following the issue of this document. First Capital Research Aug 2019 2 Content Briefing 1.0 Summary and Key Data…………………………………………………………………………………………………………………………………………………… 4 2.0 Investment Thesis…………………………………………………………………………………………………………………………………………………………… 7 2.1 Shifted focus towards synthetic products to drive the topline growth………………………………………………………………… 9 2.2 Stable cotton and polyester prices to further expand margins……………………………………………………………………………. 17 2.3 Capacity expansion in knitting and dying facility to enhance the market share…………………………………………………… 21 2.4 Current Profitability to be set off against the tax losses and ESC…………………………………………………………………………. 24 3.0 Valuation………………………………………………………………………………………………………………………………………………………………………… 26 4.0 Company Profile …………………………………………………………………………………………………………………………………………………………….
  • Annual Report 2012/2013

    Annual Report 2012/2013

    THE PURSUIT OF EXCELLENCE One hundred years of passion, hard work and perseverance have brought to where we are today: a highly respected, fast growing blue chip conglomerate with interests in several key growth industry sectors: beverages, telecommunications, plantations, hotels, textiles, finance, insurance, power genaration, media and logistics. And yet, we will not rest. Our story is far from over. Indeed, it has only just begun. Look to us for even greater achievements as we step into the next century of our lifetime, to build further upon our current successes. DCSL. 100 years in the passionate pursuit of excellence. Distilleries Company of Sri Lanka PLC | Annual Report 2012/13 1 Financial Highlights 2013 2012 2013 2012 Group Group Company Company Summary of Results Gross Turnover Rs Mn 65,790 63,125 51,549 49,136 Excise Duty Rs Mn 37,024 36,150 34,088 33,860 Net Turnover Rs Mn 28,766 26,975 17,461 15,276 Profit After Tax Rs Mn 5,258 6,052 6,873 4,297 Shareholders Funds Rs Mn 47,978 41,576 39,155 32,597 Working Capital Rs Mn (1,298) (3,234) (6,139) (21,374) Total Assets Rs Mn 78,245 73,355 55,942 62,563 Staff Cost Rs Mn 3,194 3,155 1,039 1,080 No. of Employees 18,674 18,158 1,343 1,389 Per Share Basic Earnings* Rs. 17.13 18.45 10.68 11.85 Net Assets Rs. 159.93 138.59 130.52 108.66 Dividends Rs. 3.00 3.00 3.00 3.00 Market Price - High Rs.
  • Acuity Stockbrokers Research | Sri Lanka Equities

    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
  • Browns-Beach-Hotels-PLC-Annual

    Browns-Beach-Hotels-PLC-Annual

    CONTENTS Notice of Meeting ......................................................................................................................................... 02 Corporate Information ................................................................................................................................ 04 Chairman’s Review ...................................................................................................................................... 05 The Board of Directors................................................................................................................................. 06 Risk Management ........................................................................................................................................ 09 Corporate Governance ................................................................................................................................ 08 Remuneration Committee Report ............................................................................................................. 23 Audit Committee Report ............................................................................................................................ 25 Annual Report of the Board of Directors .................................................................................................. 27 Statement of Directors’ Responsibilities ................................................................................................... 33 Independent Auditors’ Report ..................................................................................................................
  • Melstacorp Limited Introductory Document

    Melstacorp Limited Introductory Document

    MELSTACORP LIMITED INTRODUCTORY DOCUMENT Listing of 1,165,397,072 Voting Ordinary Shares To be Listed on the Main Board of the Colombo Stock Exchange At a Reference Price of LKR 69.00 Financial Advisors and Managers to the Introduction: CT CLSA Capital (Pvt) Ltd (A CT Holdings Group and CLSA Group Company) # 4-15A, Majestic City, 10, Station Road, Colombo 04. Tel : +94 11 250 3523 : +94 11 258 4843 Fax : +94 11 258 0181 i Registration of the Introductory Document A copy of this Introductory Document has been delivered to the Registrar General of Companies in Sri Lanka for registration. The following documents were also attached to the copy of the Introductory Document delivered to the Registrar General of Companies. 1) The written consent of the Financial Advisors and Managers to the Introduction The Financial Advisors and Managers to the Introduction have given and have not before the delivery of a copy of the Introductory Document for registration withdrawn their written consent for the inclusion of their name as Financial Advisors and Managers to the Introduction and for the inclusion of their statements/declarations in the form in which it is included in the Introductory Document. 2) The written consent of the Auditors and Reporting Accountants to the Company The Auditors and Reporting Accountants to the Company have given and have not before the delivery of a copy of the Introductory Document for registration withdrawn their written consent for the inclusion of their name as Auditors and Reporting Accountants to the Company and for the inclusion of their report/statements in the form and context in which it included in the Introductory Document.
  • Sri Lanka Equities Aspi ^ 4.46% | S&P Sl20 ^ 7.04%

    Sri Lanka Equities Aspi ^ 4.46% | S&P Sl20 ^ 7.04%

    ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 02 Nov 2018 th nd ASPI Hits 2-Month High Amid Higher Volatility… LKR Indices vs. Turnover (29 Oct – 02 Nov) Falls as Foreign Sell-Off of Assets Increases… 6,300 3,500 ASPI Increases 6,200 S&P SL20 3,400 S&P SL20 S&P ASPI ^ 4.46% | S&P SL20 ^ 7.04% 6,100 3,300 ASPI 6,000 3,200 The Bourse ended the week… Cont. P2 5,900 3,100 5,800 3,000 29-Oct 30-Oct 31-Oct 01-Nov02-Nov Foreign investors closed the week... Cont. P3 5.00 4.00 3.00 Equity market volatility ….… Cont. P4 2.00 LKR Bn) LKR (Turnover 1.00 0.00 Economic Snapshot………… P5 29-Oct 30-Oct 31-Oct 01-Nov 02-Nov KEY STATISTICS Week ending 02-Nov 26-Oct +/- ASPI 6,092.21 5,831.96 4.46% S&P SL20 3,208.43 2,997.33 7.04% Banking & Finance 16,242.78 15,368.05 5.69% Food & Beverage 24,368.96 24,096.79 1.13% Diversified 1,591.90 1,482.33 7.39% Hotel & Travel 2,677.50 2,642.53 1.32% Plantations 749.11 725.44 3.26% Manufacturing 2,963.05 2,742.56 8.04% Turnover (LKR Bn) 9.92 3.15 215.37% Foreign Buying (LKR Mn) 2,656.24 1,959.06 35.59% Foreign Selling (LKR Mn) 6,519.96 2,403.48 171.27% Daily Average Turnover (LKR Bn) 1.98 0.79 152.29% Daily Average Foreign Buying (LKR Mn) 531.25 489.76 8.47% Daily Average Foreign Selling (LKR Mn) 1,303.99 600.87 117.02% TOP 10 GAINERS TOP 10 LOSERS Opening Closing WoW % Opening Closing WoW % Company Code Company Code Price Price Change Price Price Change MTD WALKERS KAPIN 8.0 12.9 61.3% KELSEY KDL N 35.0 29.5 -15.7% BLUE DIAMONDS[NV] BLUEX 0.2 0.3 50.0% UDAPUSSELLAWA UDPL 35.0 29.6 -15.4% AMANA LIFE ATLLN 9.0 12.9 43.3% MERC.
  • DFCC Bank PLC Annual Report 2016.Pdf

    DFCC Bank PLC Annual Report 2016.Pdf

    Going beyond conventional reporting, we have implemented a About this Report more current format for reporting and have upgraded our corporate website with a focus on investor relations, supplemented by an investor relations app for smart phones and other devices. This is an integrated annual report and is a compact Reporting Period disclosure on how our strategy, governance, performance and prospects have resulted in the The DFCC Bank Annual Report for 2016 covers the 12 month period from 01 January 2016 to 31 December 2016 and is reflective of the creation of sustainable value within our operating change in the financial year-end implemented in 2015. The previous environment. annual report covered the nine month period from 01 April 2015 to 31 December 2015 and is available on the company website Value Creation and Capital Formation (www.dfcc.lk). Some of the Group entities have a 31 March financial year-end and they are consolidated with DFCC Bank’s reporting The ability of an organisation to create sustainable value for itself period with a three month time lag. A summary of the accounting depends on the value it creates for its stakeholders, making value periods covered by the Statement of Profit and Loss and Other creation essentially a two-way process. In fact, the more value an Comprehensive Income in the Bank and the Group columns is given organisation creates, the more value it is able to create for itself. in the Financial Report (page 136). Therefore firms spend substantial resources on creating and maintaining relationships with their stakeholders. Value creation leads to capital formation.
  • Annual Report 2014

    Annual Report 2014

    BLENDING WITH THE NATION'S GROWTH Chevron Lubricants Lanka PLC Annual Report 2014 CONTENTS Chevron Lubricants Lanka PLC Our Vision / 02 Chevron House, 490, Galle Road, Financial Highlights / 03 Colombo, Sri Lanka Status: Listed Chairman’s Review / 06 Legal Form: Public Limited Company Managing Director’s Review of Operations / 08 Financial Auditors: PricewaterhouseCoopers Board of Directors / 12 www.chevron.com Management Team / 14 Management Discussion & Analysis / 18 Chevron Lubricants Lanka PLC engages Financial Review / 24 in blending, manufacturing, importing, Corporate Social Responsibility Report / 26 distributing, and marketing lubricants oils, Corporate Governance / 30 greases, brake fluids, and specialty products Risk Management / 35 in Sri Lanka. The Company offers its products for industrial, commercial, and consumer applications. Chevron Lubricants Lanka Financial Calender / 37 PLC markets its products under Chevron, Annual Report of the Directors / 38 Caltex, and Texaco brands. The Company was Statement of Directors’ Responsibilities / 40 incorporated in 1992 and is based in Colombo, Audit Committee Report / 41 Sri Lanka. Remuneration Committee Report / 42 Independent Auditor’s Report / 43 Income Statement / 44 Statement of Comprehensive Income / 45 Chevron Lubricants Statement of Financial Position / 46 Lanka PLC Statement of Changes in Equity / 47 Annual Report 2014 Cash Flow Statement / 48 Notes to the Financial Statements / 49 Statement of Value Added / 73 Ten Year Summary / 74 Shareholder Information / 75 Notice of Annual General Meeting / 77 Form of Proxy / 79 Scan this QR code with your smart device to view this version of the Annual report online www.chevron.lk/reports GROWTHBLENDING WITH THE NATION'S Chevron Lanka has always been a benchmark of business excellence in Sri Lanka, with a strong focus on value creation at every level of our business and production process.
  • John Keells Holdings Plc | Annual Report 2018/19

    John Keells Holdings Plc | Annual Report 2018/19

    GOING FORW RD JOHN KEELLS HOLDINGS PLC | ANNUAL REPORT 2018/19 GOING FORW RD For over 149 years, John Keells has built and managed a diverse industry portfolio including several industry sectors strategically selected to represent key growth areas of the economy. We are known as an entrepreneurial company constantly seeking new business opportunities to explore, innovate and make our own. That is how we have maintained an even trajectory of expansion and growth throughout every decade of our long history. Over the past few years, we have been investing in several enterprises that we identified as potentially value enhancing, such as the "Cinnamon Life" project, which will be an iconic landmark transforming the city of Colombo. Today, the Group moves into the next phase as our major investments begin to yield results. Yet the road has not always been an easy one and there were times when we had to dig deep, leveraging on our financial strength, operational expertise, business leadership and corporate resilience to withstand the challenges we have had to face. The Easter Sunday attacks of April 2019 will be long remembered for the tragedy and turmoil we all experienced. Yet, we have every confidence in our nation’s proven resilience and capacity to move ahead and prosper, united as one. Going forward, we will continue to harness the value created by our investment strategies; evolving our standards of governance while ensuring that our digital capabilities and innovative approach will drive your Company’s progress to the next level. JOHN
  • Correction: Fitch Affirms Melstacorp and Distilleries at 'AAA(Lka)'; Outlook Stable

    Correction: Fitch Affirms Melstacorp and Distilleries at 'AAA(Lka)'; Outlook Stable

    04 Nov 2019 Affirmation Correction: Fitch Affirms Melstacorp and Distilleries at 'AAA(lka)'; Outlook Stable Fitch Ratings-Colombo-04 November 2019: This is a correction of a release published on 22 October 2019. It corrects the leverage level above which negative rating action may be taken. Fitch Ratings has affirmed the National Long-Term Ratings of Sri Lanka-based conglomerate, Melstacorp PLC, and its subsidiary, Distilleries Company of Sri Lanka PLC (DIST), at 'AAA(lka)'. The Outlook is Stable. Fitch rates DIST based on the consolidated profile of Melstacorp due to strong legal and operational linkages between the two entities, as defined in our Parent and Subsidiary Rating Linkage criteria. DIST contributes around 70% to Melstacorp's consolidated EBITDAR, shares the same board of directors and has previously provided financial support to weaker group entities in the form of corporate guarantees. The affirmations reflect Melstacorp's ability to maintain leverage below 2.0x over the medium-term, despite large investments in core and non-core operations. Leverage is defined as net adjusted debt/operating EBITDAR, including Melstacorp's 51%-share of Aitken Spence PLC's net debt and EBITDA, but excluding its insurance subsidiary. Melstacorp saw net leverage weaken to 1.8x in the financial year ending March 2019 (FY19), from 1.3x in FY18, following significant debt-funded investments. The group's investment drive is supported by the strong operating cash flow of its core subsidiary, DIST, which is Sri Lanka's market leader in spirits, enjoying a strong brand presence and high entry barriers. We expect DIST to account for around 70% of Melstacorp's group EBITDA, including its 51% share of Aitken Spence, over the medium-term.