DOCSLIB.ORG

Annual Report 2014/15 1 Contents

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2014/15 1 Contents About the theme The art of Shodo (Japanese Calligraphy) was introduced in 600 AD and involves great concentration and skill in both mind and body. Precision is key as lack of confidence is easily spotted in the deliberate strokes. “Do” which means path is a way of clearing the mind and being in total harmony with oneself. As ink marks paper, we have made our presence felt with a diverse business portfolio. Every brush stroke represents our deliberate actions within the economy and they have changed the industry. We have remained fluid and adaptive and this year stands as a testament to our solidity which has allowed us to be more focused and streamlined. Our confidence has shone through each movement, a vision of clarity, and as we create a fusion with Japanese solidity and processes, we mark the next stage of our growth and the infinite potential that it unlocks for our future. Expolanka Holdings PLC | Annual Report 2014/15 1 Contents Report Approach 04 About the Group 05 SG Holdings Japan Global Presence 06 Expolanka Global Presence 07 Expolanka Global Offices08 Key Milestones of Expolanka Group 09 News Highlights 11 Financial Highlights 15 CONTEXT Chairman’s Statement 19 CEO’s Review 23 Board of Directors 30 Senior Management Team 34 MANAGEMENT DISCUSSION & ANALYSIS GROUP WIDE COMMENTARY Global Economic Trend 40 Sri Lankan Economy Maintains Momentum 41 Group Financial Performance 44 Group Strategy 49 Fusing Sustainability: The Strategy 52 Management Approach to Core Sustainability Agenda 62 G4 Index in Accordance with “Core” 90 Independent Assurance Report 96 Sector Snapshot 98 Freight & Logistics 104 Travel & Leisure 120 International Trading & Manufacturing 128 Investments & Services 134 2 Expolanka Holdings PLC | Annual Report 2014/15 STEWARDSHIP Chairman’s Statement on Corporate Governance Report 140 Corporate Governance Report 141 Risk Management Report 156 Remuneration Committee Report 161 FINANCIAL REPORT Annual Report of the Board of Directors on the Affairs of the Company 164 The Statement of Directors’ Responsibilities 169 Audit Committee Report 170 Independent Auditor’s Report 173 Statement of Financial Position 174 Statement of Profit or Loss175 Statement of Comprehensive Income 176 Statement of Changes in Equity 177 Statement of Cash Flows 178 Notes to the Financial Statements 179 Group Real Estate Portfolio 224 5 Year Summary 225 Share Information 226 Notice of Meeting 230 Form of Proxy 231 Expolanka Holdings PLC | Annual Report 2014/15 3 The Report Approach G4-28, 29, 30, portrayed as integrated and fully aligned Methodology & Data Measurement 31, 32 to one another. Techniques This Report has been prepared by a In doing so, this Report also fully utilises cross-functional team comprising of G4 the Sustainability Reporting Framework financial, risk and governance, corporate developed by the Global Reporting communications and sustainability PROCESS FOR Initiative (GRI) as a complimenting stewards, appointed and reporting to the DEFINING THE reporting framework. Through the Management Committee of the Board, REPORT CONTENT adoption of this universally-applicable, but under the direction of the Chairman comparable framework for disclosure and Chief Executive Officer of the Group. of information, the Group in its Report boundary & scope sustainability reporting strives to comply Data measurement and data collation is Effort has been made towards achieving with specific ‘Reporting principles’ and an inherent process that is embedded completeness of the report with regard to ‘Reporting Guidance’ as laid out by the into the daily processes of the Group. the dimensions of scope and boundary G4 guidelines and indicator protocols The information and data herein are for the reporting period. This report for economic, environment, human sourced from the relevant representatives covers the performance of the entity rights, labour, product responsibility of the divisions at the Holding Expolanka Holdings PLC for the reporting and societal performance. In the Company and the representatives of period April 2014 to March 2015 and is financial year under review, the Group the sustainability sub committees at presented as an integrated report that will be reporting in accordance option the subsidiaries. The information and aims to give a holistic Group perspective as ‘core’ for this Report and have data for materiality and completeness of sustainable business practice and disclosed information under the GRI 4 were further clarified and validated performance. with the external assurance provided by from the senior management of the Ernst &Young Auditors for the Report. respective operations. All financial and 2013/2014 sustainability report fulfilled HR statistical data have been extracted Principles and reporting guidelines: the criteria in accordance with option from the Group’s ERP system - Oracle International Integrated Reporting as “core”. However, in the medium and HCM system respectively. Specific Council (IIRC) & Global Reporting term, the Group seeks to gradually processes aimed at documentation Initiative (GRI) improve on the reporting to meet GRI of financial and sustainable business This integrated report has been produced compliance in accordance with option as practice are undertaken on a daily and based on the principles laid out by ‘Comprehensive’. weekly basis under each of the business the International Integrated Reporting sectors and their individual companies. Council (IIRC) and its Integrated This information is in turn collated and Reporting Framework. By doing so the Materiality analysed at Group level, periodically. Group recognises and accepts that As outlined in the GRI guidelines, the the application of integrated reporting Group recognises and accepts the principles and concepts will bring greater importance of materiality. This Report Inquiries & Key Contact cohesion and efficiency to the reporting covers topics and indicators that reflect Any queries and clarifications related to process. The Group is cognizant of the Group’s significant economic, the information and data presented in this the fact that in today’s commercial environmental and social impacts or Report to be directed to: framework business strategy and that would substantively influence sustainability are interlocking elements in the assessments and decisions of its Paddy Weerasekera the effort towards laying a foundation for stakeholders. Head of Marketing , Corporate sustainable business practice. Strategy, Communications & CSR risk, performance and sustainability [email protected] are indivisible and hence can only be 4 Expolanka Holdings PLC | Annual Report 2014/15 About Us G4-56 ABOUT THE GROUP The story of Expolanka starts in 1978 as Expolanka’s rise to being one of the worldwide. The Group continues to the Sri Lankan economy was liberalized largest conglomerates in Sri Lanka has explore new emerging markets with a and the flagship company Expolanka been achieved through a well strategized view to expand its global operations. Limited was established. Initially a growth plan. Expolanka operates in pioneer exporter of fresh produce, various business sectors, globally In 2014, the Group forged a strategic Expolanka was one of the first winners represented by many industries in many partnership with SG Holdings Group, of the prestigious Presidential Award in business units. Each business unit over a leading logistics group in Japan, this category. Emerging unobtrusively the years has maintained its competitive which includes Sagawa Express, one as a strong and dynamic group of advantage by evolving and looking at of the largest delivery companies in companies, Expolanka has been focused business strategies. Japan. Following the partnership with gradually but steadily consolidating and Expoloanka, SG Holdings has a strong sustaining growth. Expolanka’s expansion to international presence in the Asian Region with 24 markets commenced in 1992, and within locally incorporated subsidiaries outside a very short span of time, the Group’s Japan including China, Vietnam and network of operations has spanned Singapore. EXPOLANKA 360° COVENANT Expolanka has been in operation since 1978 We are headquartered in Colombo, Sri “Building a great business with a dare Lanka Our workforce is 2,731 and growing Our network spans across 20 countries to do spirit” in Asia, Africa, USA and the Middle East We live by the covenant of “Building a great business with a dare to do spirit” OUR CULTURE EXPOLANKA CORE Since inception, an ambience of tradition and integrity has been the bedrock of all VALUES our business activities. As a result, this strong heritage endures today with honesty 5 We will always follow ethical and reliability strongly embedded into our working culture. As a forward looking business principles in transacting organisation, our dare-to-do spirit has added dynamism to this ethical bias. Our & managing business commitment to being a relentless learning organisation adds a competitive edge to our businesses as we strive to be a value champion to our stakeholders. 5 Caring for stakeholder’s interests 5 Commitment to Excellence 5 Innovation & Entrepreneurship Expolanka Holdings PLC | Annual Report 2014/15 5 SG Holdings Japan Global Presence USA Japan Korea Taiwan Laos Hong Kong India Thailand Philippines Vietnam Cambodia Malayasia Singapore Indonesia 6 Expolanka Holdings PLC | Annual Report 2014/15 Expolanka Global Presence G4-6, 8 USA China Pakistan Egypt Bangaladesh Qatar Hong Kong UAE India Vietnam Cambodia Philippines Sri
Load more

Recommended publications
  • 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
    [Show full text]
  • Lankaclear (Private) Limited Annual Report 2020/21 Annual Report 2020/21 Lankaclear (Private) Limited 1 Lankaclear (Private) Limited Annual Report 2020/21 2
    LankaClear (Private) Limited Annual Report 2020/21 Annual Report 2020/21 LankaClear (Private) Limited 1 LankaClear (Private) Limited Annual Report 2020/21 2 To revolutionize the transport sector in the country, we unveiled the 2in1 payment card technology to enable ‘Tap and Go’ payment capability in public transport. Ensuring a Quantum Leap in the Transport Sector, this is a pioneering effort to introduce an innovative technology of a single payment card with online and offline capabilities to provide convenience to commuters of public transport. You may get a glimpse of the Sri Lanka Transit Card experience by enabling NFC access in your Smart Phone and tapping the phone on the LankaPay card on the cover page of this year’s annual report. LankaClear has always been in the forefront of understanding consumer needs to make their lives and work seamless by providing real-time and secure transactions. In fact, we are well on our way to integrate THEďLATESTďȶNANCIALďSERVICEďINNOVATIONďTHATďWILLďPOSITIVELYď impact the lives of a majority of Sri Lankans via our 2 INďď0AYMENTď#ARDď7ITHďAďDYNAMICďSHIȺďINďCONSUMERď behaviour and how companies analyse the metrics of online engagement, our services have become indispensable. Our enviable track record shows that we have always strived to bring world-class technology, speed and convenience to a new breed of digital consumers to meet THEIRďDEMANDINGďEXPECTATIONSďINďACCESSINGďȶNANCIALď services. Similarly, we are making traditional brick mortar business a piece of history by bringing the future ever
    [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]
  • C H a P T E R - 2
    + + C h a p t e r - 2 LITUREATURE REVIEW 2.1 Introduction The literature appearing in this chapter is mostly a collection from articles, research papers of various scholars and textbooks. During the survey, a few researches relevant to the Sri Lankan context were gathered; others were mostly from web sites and international magazines, journals and forums. A wider collection of literature in resource based view, resource complementaries and competitiveness of IT was required for the study and it helped to explain the research problem and suggest solutions. A separate analysis was carried out for the banking industry in Sri Lanka, pointing out the different types of banking sectors namely, licensed commercial banks (LCB) and licensed specialized banks (LSB). 2.2 Information technology in banking sector James (2002) defined Information Technology as ‘Hardware, software, telecommunications, database management, and other information processing technologies used in computer-based information systems.’ Information Systems is defined as ‘Systems that use hardware, software, the internet, other telecommunications networks, computer-based data resource management techniques, and other information technology to transform data resources into an endless variety of information products for consumers and business users.’ In the banking industry, IT applications vary from IT devices, IT systems, IT driven communication technologies and to IT driven marketing technologies. The different usages of such IT applications are numerous; for example in banking sector IT is used as + 8 + + + IT devices, IT systems, IT based communication technologies and IT based marketing technologies. 2.2.1 IT devices IT device is a general term that refers to the physical artifacts of a technology.
    [Show full text]
  • Assessment of Auction Mechanism
    Additional Financing of Small and Medium-Sized Enterprises Line of Credit Project (RRP SRI 49273-002) ASSESSMENT OF AUCTION MECHANISM A. Introduction 1. The original project introduced an auction to allocate the funds among the participating banks. The auctions created a framework where banks made a disbursement commitment and incurred a financial penalty if that disbursement was not achieved. 2. The project conducted two auctions. In the first, National Development Bank (NDB) won the entire $12.5 million available. In the second, the funds were evenly divided among three institutions. 3. The project had planned to review the auction mechanism after the second auction, at which time Asian Development Bank (ADB) and the government would decide whether to continue with the auction or to introduce a more conventional allocation system. Following this review, the government requested the latter so that more banks could participate. 4. Although appreciating the government’s reasons for requesting the cancellation, the project team was overall pleased with the auction’s performance, and the objective of this appendix is to capture any lessons that could be applied to future auction systems. B. Lessons 1. Dominance by a Subset of Banks 5. The government was correct that the auction limited participation. After NDB won all the funds during the first auction, ADB and the government agreed to cap the amount any bank could win to a third of available funds. 6. Despite these changes, the bidding pattern of the first two auctions suggested that a subset of banks would dominate the auctions. Indeed, the same four banks finished in the top five of both rounds (Table 1).
    [Show full text]
  • Pn/Pmt/2020-1 08.04.2020
    PN/PMT/2020-1 08.04.2020 INLAND REVENUE DEPARTMENT Notice to Taxpayers Alternative Tax Payment System (ATPS) through Online Fund Transfer Facility Taking in to account of the Covid -19 Endemic situation currently prevailing in the country, the Inland Revenue Department (IRD) has introduced an Alternative Tax Payment System (ATPS) for making tax payments through Online Fund Transfer Facility, with the collaboration of specific banks, with effect from 08-04-2020. Hence, all taxpayers are hereby informed to adhere to the following instructions in making tax payments until further notice. The ATPS is available only with the online banking facilities of the banks designated in the below Table 01. The respective banks will provide to include relevant information for making online fund transfers for tax payments. Therefore, taxpayers are kindly requested to refrain from making online fund transfers in respect of tax payments through any other bank other than those listed below. In case you attempt to make online tax payments through any other bank, such payments will not be posted to your ledger in IRD’s RAMIS. Table – 01 - Banks providing Online Banking Facility for ATPS 01. Bank of Ceylon (BOC) 02. People’s Bank 03. Commercial Bank of Ceylon PLC 04. Nations Trust Bank PLC (NTB) 05. Sampath Bank PLC 06. HSBC 07. Cargills Bank Limited 08. National Development Bank (NDB) 09. Standard Chartered Bank (SCB) 10. Seylan Bank PLC 11. Hatton National Bank PLC (HNB) 12. Citibank 13. Deutsche Bank 14. Pan Asia Bank PLC 15. DFCC Bank PLC 1 Steps to follow in making online fund transfers in respect of tax payments 1.
    [Show full text]
  • Sanasa Development Bank PLC: Ratings Reaffirmed August 30, 2019
    Sanasa Development Bank PLC: Ratings reaffirmed August 30, 2019 Summary of rated instruments Rated Amount Instrument Rating Action (LKR Mn) Issuer rating N/A [SL]BBB- (Stable); reaffirmed Guaranteed Redeemable Debentures, type B, 403 [SL]A+(SO) (Stable); reaffirmed guaranteed by Sampath Bank PLC Guaranteed Redeemable Debentures, type D, 562 [SL]A-(SO) (Stable); reaffirmed guaranteed by Seylan Bank PLC Rating action ICRA Lanka Limited, subsidiary of ICRA Limited, a group company of Moody‟s Investors Service, has reaffirmed the issuer rating of Sanasa Development Bank (SDB or the Bank) at [SL]BBB- (Pronounced SL triple B minus) with Stable outlook. ICRA Lanka has also reaffirmed the [SL]A+(SO) (pronounced SL A Plus Structured Obligation) rating with Stable outlook for the type B redeemable guaranteed debentures of SDB amounting to LKR 403 Mn, which are guaranteed by Sampath Bank PLC (Sampath). ICRA Lanka has also reaffirmed the [SL]A-(SO) (pronounced SL A minus Structured Obligation) rating with Stable outlook for the type D redeemable guaranteed debentures of SDB amounting to LKR 562 Mn, which are guaranteed by Seylan Bank PLC (Seylan). The letters SO in parenthesis suffixed to a rating symbol stand for Structured Obligation. A SO rating is specific to the rated issue, its terms, and its structure. The SO ratings do not represent ICRA Lanka‟s opinion on the general credit quality of the issuer concerned. The ratings for the redeemable guaranteed debentures are based on the strength of the unconditional and irrevocable guarantees from Sampath Bank PLC (Sampath) for type B redeemable guaranteed debentures and from Seylan Bank PLC (Seylan) for the type D redeemable guaranteed debentures covering the principal and two interest instalments (Semi Annual).
    [Show full text]
  • 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.
    [Show full text]
  • HAYLEYS EXPORTS PLC___Interim Report
    _____________HAYLEYS EXPORTS PLC_____________ Interim Report Fourth Quarter Twelve months ended 31st March , 2012 HAYLEYS EXPORTS PLC 2 HAYLEYS EXPORTS PLC 3 HAYLEYS EXPORTS PLC 4 HAYLEYS EXPORTS PLC 5 HAYLEYS EXPORTS PLC 6 HAYLEYS EXPORTS PLC 7 HAYLEYS EXPORTS PLC 8 HAYLEYS EXPORTS PLC 9 CORPORATE INFORMATION LEGAL FORM BANKERS A PUBLIC LIMITED COMPANY Hatton National Bank PLC Incorporated in Sri Lanka in 1987 Hongkong & Shanghai Bank Corporation Ltd Company Registration No PQ 21 Standard Chartered Bank Seylan Bank PLC Peoples Bank Commercial Bank of Ceylon PLC STOCK EXCHANGE LISTING Sampath Bank PLC The ordinary shares of the company are listed with the Colombo Stock Exchange of Sri Lanka. AUDITORS DIRECTORS Ernst & Young Chartered Accountants, A.M.Pandithage- Chairman 201, De Saram Place G.M.P.De Silva – Managing Director (Appointed W.E.F 02.08.2011) F.R.Alles P.O.Box 101 , Colombo 10, L. K. B. Godamunne- (Retired W.E.F 24/06/2011) Sri Lanka. I.Piyasena – (Resigned W.E.F 15/02/2012) H.C.S.Mendis LEGAL ADVISORS Dr. S. A. B. Ekanayake M.M.M.De Silva Corporate Legal Department S.C.Ganegoda Julius & Creasy –Attorney At Law T.G.Thoradeniya B.D.A.Perera ( Appointed W.E.F 06.12.2011) N.Udagae ( Appointed W.E.F 06.12.2011) J.A.W.M. Jayasekera – CEO ( Appointed W.E.F 02.08.2011) AUDIT COMMITTEE SECRETARIES F.R.Alles – Chairman L.K.B.Godamunne- (Retired W.E.F 24/06/2011) Hayleys Group Services (Pvt) Limited Dr.S.A.B.Ekanayake No.
    [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]
  • Sampath Bank – List of Branches
    SAMPATH BANK – LIST OF BRANCHES Ahangama Chenkalady Akkaraipattu Chilaw Akuressa Chunnakam Alawwa City (Colombo 01) Aluthgama Colombo Super Ambalangoda Dambulla Ambalanthota Dankotuwa Ampara Dehiattakandiya Anamaduwa Dehiwela Anuradhapura Super Delgoda Anuradhapura New Town Deniyaya Aralaganwila Deraniyagala Athurugiriya Digana Attidiya Dickwella Avissawella Divulapitiya Baddegama Eheliyagoda Badulla Elpitiya Balangoda Embilipitiya Bambalapitiya Embuldeniya Bandaragama Fort Bandarawela Galewela Battaramulla Galle Bazaar Batticaloa Galle Super Batticaloa 02 Gampaha Beliatta Gampaha Super Bibile Gampola Boralesgamuwa Ganemulla Borella Gangodawila Borella Super Giriulla Buttala Godakawela Chankanai Gothatuwa New Town Chavakachcheri Grandpass 1 SAMPATH BANK – LIST OF BRANCHES Gregory’s Road Kayts Habaraduwa Kegalle Hanwella Kekirawa Harbour View Kelaniya Hatton Kesbewa Heerassagala Keselwatta Hendala Kilinochchi Hettipola Kinniya Hingurakgoda Kiribathgoda Hikkaduwa Kiribathgoda Super Homagama Kirindiwela Horana Kirulapone Ingiriya Kochchikade Ja-ela Kohuwala Jaffna Kollupitiya Kadawatha Kotahena Kaduruwela Kottawa Kaduwela Kuliyapitiya kahatagasdigiliya Kundasale Kalawana Kurunegala Metro Kalmunai Kurunegala Super Kalutara Madampe Kaluwanchikudy Maharagama Kamburupitiya Maharagama Super Kandana Mahiyangana Kandy City Centre Maho Kandy Metro Main Street Kandy Super Makola Kantale Malabe Karagampitiya Mallavi Karapitiya Manipay Kattankudy Mannar Katugastota Maradana 2 SAMPATH BANK – LIST OF BRANCHES Marandagahamula Nittambuwa Marawila Nochchiyagama
    [Show full text]
  • Multiple Strands of Business Lend Strength
    DFCC BANK Annual Report 2011/12 DFCC Bank - Annual Report 2011/12 - Annual Report MUltIPLE STRANDS DFCC Bank DFCC Building, P.O. Box 1397, 73/5, Galle Road, Colombo 03, Sri Lanka OF BUSINess LEND Telephone: +94 11 2442 442 | Fax: +94 11 2440 376 E-mail: [email protected] | website: www.dfcc.lk STRENGTH VISION To be Sri Lanka’s premier financial services group. MISSION To provide superior financial solutions and nurture business enterprises, adding value to our customers, shareholders, employees and the nation. OUR VALUES Our seven core values are the guiding principles for our ACTIONS that shape the way we do business. We are Accountable for what we do We place Customer experience at the core We believe Teamwork is key in turning our goals into accomplishments We have a passion for Innovation and excellence We Operate our business ethically We focus on the Need to grow our business profitably We are Socially and environmentally caring MULTIPLE STRANDS OF BUSINEss LEND STRENGTH The cover depicts the multiple strands of a fibre optic cable - a technology which has opened a whole new world to humankind. A key aspect of the DFCC Banking Business is the manner in which we have woven the various strands of business - development banking, commercial banking and investment banking - into a cohesive whole. The composite strength, by the very nature of its variety, provides us the vibrancy, energy and speed in serving a diversified portfolio ranging from top corporates to SMEs, from project financing to personal financial services and everything in between. DFCC really is about celebrating composite strength – the results of which unfold through the pages of this report.
    [Show full text]