DOCSLIB.ORG

Opportunities

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Opportunities BOUNDLESS OPPORTUNITIES MELSTACORP PLC | ANNUAL REPORT 2018/19 BOUNDLESS OPPORTUNITIES Melstacorp’s portfolio of businesses provides boundless opportunities to enhance the Group’s ability to compete efficiently and aggressively in the many industries within which it operates. Although the country has to face natural and political turbulence during the year under review, Melstacorp weathered the storm and remains poised to take advantage of these opportunities now and in the years ahead. CONTENTS Highlights of the Year 3 Financial Highlights 4 Our Businesses 6 Chairman’s Statement 10 Board of Directors 14 Group Management 18 Management Discussion and Analysis 20 Sustainability Report 29 Corporate Governance 41 Enterprise Risk Management 54 Board Audit Committee Report 58 Remuneration Committee Report 60 Board Related Party Transactions Review Committee 61 Annual Report of the Board of Directors 62 Statement of Directors Responsibility 66 Independent Auditors’ Report 67 Income Statement 68 Statement of Profit or Loss and Other Comprehensive Income 69 Statement of Financial Position 70 Statement of Changes in Equity 72 Statement of Cash Flows 76 Notes to the Financial Statements 78 Statement of Value Added 169 Shareholder Information 170 Summarised Financial Information 172 Details of Real Estate 173 Group Directory 175 Notice of Meeting 180 Form of Proxy 183 Attendance Slip 185 2 Melstacorp PLC | Annual Report 2018/19 HIGHLIGHTS OF THE YEAR April 2018 July 2018 DCSL PLC shares “DIST” re-commenced Fitch Rating has placed DCSL a National Long- trading in the Colombo Stock Exchange after Term Rating of AAA (lka) with Stable Outlook. the successful completion of the restructure of the Group October 2018 March 2019 First time, Fitch Rating assigned rating for Fitch Rating has reaffirmed National Insurer Melstacorp a National Long-Term Rating of Finance Rating & National Long-Term Rating AAA (lka) with Stable Outlook. of Continental Insurance Lanka Limited to ‘’A (lka) with stable outlook November 2018 Melstacorp was ranked No. 08 in the Business Today ‘Top Thirty ’. 3 FINANCIAL HIGHLIGHTS 2019 2018 2019 2018 Note Group Group Company Company SUMMARY OF RESULTS Gross Turnover Rs. Mn 155,931 109,957 209 228 Excise Duty Rs. Mn 64,571 65,227 - - Net Turnover Rs. Mn 98,663 44,730 209 228 Profit After Tax Rs. Mn 8,875 6,250 3,796 2,802 Shareholders' Funds Rs. Mn 79,883 75,676 91,337 90,540 Working Capital Rs. Mn 2,302 9,265 (2,245) 9,102 Total Assets Rs. Mn 243,610 210,543 112,179 91,605 Staff Cost Rs. Mn 15,025 4,839 81 62 No. of Employees 24,265 25,917 32 24 PER SHARE Basic Earnings Rs. 4.96 5.64 3.26 2.40 Net Assets Rs. 68.55 64.94 78.37 77.69 Dividends Rs. - 2.44 - 2.44 Market Price - High Rs. 36.00 71.50 36.00 71.50 - Low Rs. 50.30 56.50 50.30 56.50 - Year End Rs. 36.00 58.10 36.00 58.10 RATIOS Price Earnings times 7 10 11 24.2 Return on Shareholders' Funds % 11.1 8.3 4.2 3.1 Current Ratio times 1.0 1.2 0.9 15.3 Interest Cover times 2.2 4.2 3.9 36.3 Debt to Equity % 157.2 136.0 23.0 1.2 Debt to Total Assets % 48.9 82.7 18.6 1.2 Dividend Payout % 101.7 101.7 - 101.7 Dividend Yield % - 4.2 - 4.2 4 Melstacorp PLC | Annual Report 2018/19 NON-FINANCIAL HIGHLIGHTS Gross Turnover - Group Total Assets - Group Rs. Mn Rs.155,931Mn Rs. Mn GROSS TURNOVER - GROUP 180,000 300,000 160,000 250,000 140,000 120,000 200,000 100,000 150,000 80,000 60,000 Rs.243,610Mn 100,000 40,000 50,000 20,000 TOTAL ASSETS - GROUP 0 0 2016/17 2017/18 2018/19 2016/17 2017/18 2018/19 Taxes Paid - Group Profit after Tax - Group Rs. Mn Rs.64,671Mn Rs. Mn TAXES PAID - GROUP 74,000 10,000 9,000 72,000 8,000 70,000 7,000 68,000 6,000 5,000 66,000 Rs.8,875Mn 4,000 64,000 3,000 PROFIT AFTER TAX - GROUP 2,000 62,000 1,000 60,000 0 2016/17 2017/18 2018/19 2016/17 2017/18 2018/19 5 OUR BUSINESSES Beverages Distillation, Manufacture and Distribution of Liquor Products Plantations Cultivation and Processing of Tea & Rubber Telecommunication Voice, Data, Broadband, Hardware, Software and Networking Solutions 6 Melstacorp PLC | Annual Report 2018/19 Insurance General Insurance Services Diversified Tourism, Maritime & Logistics, Strategic Investments and Services Bogo Power Power Generation Hydropower Generation 7 OUR BUSINESSES Logistics Automobile Servicing and Logistics Media Media Buying and Creative Services Textiles Dyeing and Printing Fabric 8 Melstacorp PLC | Annual Report 2018/19 Leisure Hotels & Hospitality BPO Services & Business Solutions BPO, KPO, Call Centre and Software Solutions Information Technology Oracle Applications, Mobile Applications, Digitisation 9 CHAIRMAN’S STATEMENTS 10 Melstacorp PLC | Annual Report 2018/19 CHAIRMAN’S STATEMENTS I am pleased to share with you, the Company’s annual report and audited financial statements for the year ended 31st March 2019. Melstacorp PLC 15Mn INVESTMENT IN TRAINING functions as the holding company of the Group and has ventured into many industries such as beverages, tea and rubber plantations, telecommunications, insurance, power generation, logistics, textiles, hospitality and many other businesses. 86% IBUS DEIS RETENTION RATE Group’s Performance UTECTUS Group Turnover reached Rs. 157 billion, while the profit after tax for the year was MOLECES Rs. 8.9 billion. The Group contributed ULPA NONE Rs. 64 billion taxes during this financial year. 15Mn SECTIA NUS TO SUPPLIERS Macro Economy DOLES SUM Global growth in output for 2018 was HAR UM AUT. 3.6% and forecast for 2019 is 3.3%. The moderate growth in 2018 was VENECEATEM a confluence of several factors that affected major economies. Trade Rs.5Bn FACEARUM tensions between US and China, INVESTMENTS QUODICIENT. tightening of financial sector regulations in China, lower business confidence in digit level resulting from low money the Euro region and natural disasters are supply and slow-down in food inflation. some of the factors that affected the global economy. External sector performance was an impressive except improved earnings Sri Lanka economy grew by only 3.2% in from the tourism sector. The economy 2018. Government revenue increased, was expected to grow at around 4.5% but government expenditure too in 2019, but the Easter Sunday attacks increased at a similar rate with recurrent have adversely impacted the economy. expenditure growing at a higher rate and Sri Lanka is making efforts to restore capital expenditure seeing a decline. normalcy and get the economy back on a growth trajectory, but the mood of the Government debt has increased over country with elections looming would a 10-year period and continued to have to be closely watched. rise. Additional borrowing has been mainly used for debt servicing and Beverage Sector consumption, hence a lower asset The beverage sector is the highest growth in comparison to growth in contributor to both the top and the borrowings. This is not a healthy bottom lines of the Group. Our main position. Treasury bill rates increased subsidiary DCSL PLC recorded a profit in 2018 against 2017. Average prime after tax of Rs. 5.4 billion despite the lending rates by banks too increased challenges faced due to various unfair gradually, but bank deposit rates and unethical practices prevailing declined. Inflation was at a low single in the industry and continuous tax 11 CHAIRMAN’S MESSAGE increases, natural disasters and to remove the Glyphosate ban in the behavior with regard to voice related political turbulence. We have noted a second half of year was a welcome relief communication. However, revenue substantial decrease in alcohol volume to the Industry. However, the indefinite from the LTE technology that is used to during the year and as a result our tax strike launched by estate sector trade provide internet connectivity is showing contribution to the State was reduced. unions during the later part of the year a positive trend. On the other hand the At the same time we have observed requesting 100% increase in basic wage telecommunication industry is grappling that the legal alcohol industry has been for plantation workers had a crippling with declining bottom lines due to low shrinking during last few years due to effect on plantations with work at most pricing, high taxes and ever increasing the increase in illegal production of estates grinding to a complete halt operational & capital expenditure. liquor and unprecedented increase in during that period. prices which has lead to a reduction in Financial Services Sector consumption. Today the price of legally Sri Lanka Rubber production decreased Continental Insurance has established produced arrack is beyond the reach in 2018 when compared with the itself as one of the most innovative of the common man in the country and previous year due to adverse weather and dynamic insurance companies in naturally consumers turn to a local brew. which prevailed during most part of the Sri Lanka. Fitch Ratings has affirmed On the other hand, one could imagine year and smallholders not tapping due to the rating of Continental Insurance to the quantum of tax revenue that is poor prices. However, due to favourable ‘A (lka)’, which is a clear reflection of deprived to the State and we do not see weather conditions that prevailed in the the financial stability of the Company. any effective actions or systems in place rubber growing areas of our estates The top of the line quality management to rectify this matter.
Load more

Recommended publications
  • PDF/Population/ P9p10%20Literacy%20Rates%20By%20District,%20Sex%20An Census and Statistics, Sri Lanka) D%20Sector.Pdf 5 Department of Census and Statistics Sri Lanka
    Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized i | Broadband in Sri Lanka: A Case Study ii | Broadband in Sri Lanka: A Case Study © 2011 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org E-mail: [email protected] All rights reserved The findings, interpretations and conclusions expressed herein are entirely those of the author(s) and do not necessarily reflect the view of infoDev, the Donors of infoDev, the International Bank for Reconstruction and Development/The World Bank and its affiliated organizations, the Board of Executive Directors of the World Bank or the governments they represent. The World Bank cannot guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply on the part of the World Bank any judgment of the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruction and Development/The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to infoDev Communications & Publications Department; 2121 Pennsylvania Avenue, NW; Mailstop F 5P-503, Washington, D.C.
    [Show full text]
  • Annual Report 2016/17 MELSTACORP PLC Annual Report 2016/17
    Annual Report 2016/17 MELSTACORP PLC Annual Report 2016/17 MELSTACORP IS THE CULMINATION OF DECADES OF BUSINESS ACUMEN COMBINED WITH A SHARED VISION OF SUSTAINABLE GROWTH. IN THE LONG TERM, WE ENVISION GROWTH THAT CREATES VALUE FOR ALL. AS A CONGLOMERATE OUR GOALS AND BENCHMARKS ARE HIGH, AND OUR COMMITMENT TO ALL OUR STAKEHOLDERS UNCONDITIONAL. OUR MISSION IS TO ETHICALLY CREATE VALUE WITH SUSTAINABLE GROWTH. Melstacorp PLC became the latest listed conglomerate in the Colombo Stock Exchange on 30th December 2016. During the financial year DCSL PLC ventured into a restructure arrangement under Part ‘X’ of the Companies Act No. 07 of 2007, seeking approval for a share swap that would result in the shareholders of DCSL PLC becoming shareholders of Melstacorp. Consequent to the necessary approval from the Court and with the overwhelming approval of the shareholders the 180 degree share swap was completed during the fourth quarter of 2016. DCSL PLC together with other subsidiaries are now subsidiaries of Melstacorp PLC. The restructure will bring multitude of benefits to the shareholders including unlocking of Group’s value due to DCSL PLC acquiring beverage sector multiples and through the establishment of an umbrella brand that can be extended to subsidiaries. MELSTACORP PLC Annual Report 2016/17 MELSTACORP IS THE CULMINATION OF DECADES OF BUSINESS ACUMEN COMBINED WITH A SHARED VISION OF SUSTAINABLE GROWTH. IN THE LONG TERM, WE ENVISION GROWTH THAT CREATES VALUE FOR ALL. AS A CONGLOMERATE OUR GOALS AND BENCHMARKS ARE HIGH, AND OUR COMMITMENT TO ALL OUR STAKEHOLDERS UNCONDITIONAL. OUR MISSION IS TO ETHICALLY CREATE VALUE WITH SUSTAINABLE GROWTH.
    [Show full text]
  • 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.
    [Show full text]
  • TEEJAY LANKA PLC - ANNUAL REPORT 2017/18 Scan the QR Code with Your Smart Device to View This Report Online
    POISED FOR THE FUTURE TEEJAY LANKA PLC - ANNUAL REPORT 2017/18 Scan the QR Code with your smart device to view this report online. www.teejay.com Teejay Lanka is an aggressively expanding company that has grown to have DVLJQL½FDQWLPSDFWRQWKHORFDOIDEULFPDQXIDFWXULQJLQGXVWU\2YHUWKH \HDUVWKH&RPSDQ\KDVEHFRPHDEHQFKPDUNRITXDOLW\DQGYDOXHZKLOH WKHFKDUDFWHULVWLFVRILQWHJULW\DQGVXVWDLQDELOLW\WKDWOLHDWWKHKHDUWRIRXU VWUDWHJLHVFRQWLQXHWRVHUYHXVZHOOLQWKHIDVWFKDQJLQJEXVLQHVVHQYLURQPHQW ZHZRUNZLWKLQWRGD\ 7KHGLI½FXOWLHVZHIDFHGGXULQJWKHSUHYLRXV\HDUFRQWLQXHWRLPSDFWRXUERWWRP OLQHDVWKH½QDQFLDOUHVXOWVLQWKLVUHSRUWZLOOVKRZ<HW\RXUFRPSDQ\UHPDLQV VWURQJDQGIRFXVHGRQDVWUDWHJ\RIFRQVROLGDWLRQGHVLJQHGWRGHOLYHUVWDELOLW\ DQGJURZWKRYHUWKHORQJWHUP:HDUHDOVRJRLQJDKHDGZLWKRXUH[LVWLQJSODQV IRUH[SDQVLRQZLWKRQJRLQJLQYHVWPHQWVLQWRWHFKQRORJ\WDOHQWDFTXLVLWLRQDQG LQFUHDVLQJFDSDFLW\ 7KLVLVKRZZHSODQWRUHDOL]HRXUYLVLRQWREHWKHUHJLRQµVOHDGLQJPDQXIDFWXUHU IRUZHIWNQLWIDEULFVROXWLRQVDVZHJRVWHDGLO\IRUZDUGSURJUHVVLYHDPELWLRXV DQGSRLVHGIRUWKHIXWXUH Content Our Philosophy and Direction 3 MANAGEMENT DISCUSSION FINANCIAL STATEMENTS Milestones 4 & ANALYSIS 21 Statement of the Directors’ Financial Highlights 6 Overview 22 Responsibility for Financial Reporting 68 Chairman’s Message 8 Financial Capital 28 Independent Auditor’s Report 69 CEO’s Message 10 Manufactured Capital 32 Income Statement 72 Board of Directors 12 Human Capital 33 Statement of Comprehensive Income 73 Executive Committee 15 Intellectual Capital 41 Statement of Financial Position 74 Group Leadership Team 16 Social & Relationship Capital
    [Show full text]
  • New Innovative Projects in Sri Lanka
    New Innovative USF Projects in Sri Lanka ITU-USF Pakistan Work shop on Internet Access & Adoption 10-11 October 2018, Islamabad Dedunu Perera Development Officer Telecommunications Regulatory Commission of Sri Lanka Agenda . Introduction . Development of Telecommunications in Sri Lanka . Universal Service Fund & Projects . New Innovative USF Projects in Sri Lanka . Future Trends Country Profile Capital - Colombo(Sri-jayawerdanapura) Area - 62,710 Km2 Population - 20.9 million Urban Population - 22.6% Rural Population - 77.4% GDP - US $ 87.17 Billion Currency - Sri Lankan Rupee Introduction (Summary of the Telecommunication Scenario) • 3 Fixed Operators ; (SLT, Lanka Bell, Dialog Broadband) • 5 Mobile Operators ; ( Dialog Axiata, Mobitel, Etisalat, Airtel, Hutchison) • 7 International Telecommunications Operators ; ( Dialog Axiata, Mobitel, Etisalat, Airtel, Hutchison, Lanka Bell, TATA) • 2 Data Communication Operators ; ( Lanka Communication Services, SITA) • 5 Internet Service Providers (Airtel. Dialog Broadband, Etisalat, Lanka Education & Research Network TATA Development of the Telecommunications Sector in Sri Lanka Fixed Broadband Mobile Broadband Subscription (1996-2018 June) Universal Service Fund & Project Telecommunication Development Charge (TDC) Legal Frame Work ; TDC Fund was formed under the International Telecommunications Operator Levy by Finance Act No. 11 of 2004 in Sri Lanka. TDC Fund Regulations Gazette under Extraordinary Gazette No. 1386/24 on 31/0312005 Collection of Funds stopped in 2014 Funds collected before 2014
    [Show full text]
  • 2017/2018 Location Land Extent Buildings Value Cost / No of Extent in Revaluation a R P Units ( Sq
    For over a century DCSL, has been renowned for their exquisitely distilled, fine blended spirits. This dedication to quality coupled with our dynamic and definitive corporate culture has propelled us to the summit of our industry and amongst the foremost blue chip companies in Sri Lanka. We are determined not to rest on our laurels, and will strive to improve and refine our products to compete with the best in the world. DCSL; Determined, Dynamic & Definitive. CONTENTS Company Overview Financial Highlights 3 Historical Perspective 4 The Story of Arrack 6 Chairman’s Statement 16 Board of Directors 20 DCSL Management 24 Governance Reports Corporate Governance 28 Enterprise Risk Management 40 Board Audit Committee Report 44 Remuneration Committee Report 46 Board Related Party Transactions 47 Review Committee Annual Report of the Board of 48 Directors Financial Reports 52 Statement of Directors Responsibility 53 Independent Auditors’ Report 56 Statement of Profit or Loss and Other Comprehensive Income 57 Statement of Financial Position 58 Statement of Changes in Equity 59 Statement of Cash Flow 60 Notes to the Financial Statements 91 Statement of Value Added 91 Details of Real Estate 92 Shareholder Information 93 Ten Year Summary Suplimentary Information 94 DCSL Management Team and Unit Management Team 96 Notice of Meeting 97 Form of Proxy 99 Attendance Slip 100 Notes DISTILLERIES COMPANY OF SRI LANKA PLC | Financial Highlights 2018 2017 SUMMARY OF RESULTS Gross Revenue Rs. Mn 90,387 90,273 Excise Duty Rs. Mn 61,204 63,254 Net Revenue Rs. Mn 29,183 27,019 Profit After Tax Rs. Mn 4,349 4,975 Shareholders' Funds Rs.
    [Show full text]
  • TSUNAMI a Study on Disaster Response in Sri Lanka
    TSUNAMIClaudia von Braunmühl, Reinhardt Bolz, A study on disaster Linus Jayatilake, Kath Noble, Shreen Saroor with a complement on the situation in Thailand response in Sri Lanka by Karl Segschneider and Walaitat Worakul Bread for the World medico international Heinrich Böll Foundation TSUNAMI A study on disaster response in Sri Lanka Juli 2006 Claudia von Braunmühl, Reinhardt Bolz, Linus Jayatilake, Kath Noble, Shreen Saroor with a complement on the situation in Thailand by Karl Segschneider and Walaitat Worakul Bread for the World, Heinrich Böll Foundation, medico international Gemeinsam herausgegeben von: Heinrich-Böll-Stiftung Rosenthaler Str. 40/41, 10178 Berlin Tel: +49 (0) 30-28534-0, Fax: +49 (0) 30-28534-109 [email protected], http://www.boell.de/ Brot für die Welt Staffl enbergstraße 76, 70184 Stuttgart Tel: +49 (0) 711-2159-0, Fax: +49 (0) 711-2159-110 [email protected], http://www.brot-fuer-die-welt.de medico international Burgstraße 106, 60389 Frankfurt /Main Tel. +49 (0) 69-94438-0, Fax +49 (0) 69-436002 [email protected], http://www.medico.de Juli 2006 Spendenkonten: Brot für die Welt, Konto-Nr. 500 500-500, Postbank Köln, BLZ 370 100 50 Heinrich-Böll-Stiftung, Konto-Nr. 100 200 30, Bank für Sozialwirtschaft, BLZ 100 20 500 medico international, Konto-Nr. 1800, Frankfurter Sparkasse, BLZ 500 502 01 Redaktion: Thomas Seibert, Christiane Molt, Layout: Ingo Thiel Alle Fotos medico international oder Fact Finding Mission Table of contents Preface 8 1. Introduction 12 1.1 Background 12 1.2 Work process 14 2. Economic, social and political situation one year after the tsunami 16 2.1 Neo-liberal reforms 16 2.2 Socio-economic situation 18 2.3 Reconstruction problems 19 3.
    [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]
  • Making Strides
    Teejay Lanka PLC - Annual Report 2018/19 - Annual Report PLC Lanka Teejay MAKING STRIDES Teejay Lanka PLC Block D8-D14, Seethawaka Export Processing Zone Avissawella, Sri Lanka www.teejay.com TEEJAY LANKA PLC - ANNUAL REPORT 2018/19 CORPORATE INFORMATION Name Auditors Teejay Lanka PLC PricewaterhouseCoopers, Chartered Accountants Legal Form A public quoted Company with limited Attorneys liability, incorporated on 12 July 2000. F J & G de Saram Attorneys-at-Law Company Registration No. 216, de Saram Place, PV 7617 PB/PQ Colombo 10. Sri Lanka Stock Exchange Listing The issued Ordinary Shares of the Bankers Company was listed on the Main Board Bank of Ceylon of the Colombo Stock Exchange of Commercial Bank of Ceylon PLC Sri Lanka on 9 August 2011. The Hongkong and Shanghai Banking Corporation Limited Registered Office Block D8 – D14, Seethawaka Standard Chartered Bank Export Processing Zone, People’s Bank Avissawella Deutsche Bank AG DFCC Bank PLC Directors Mr. Wing Tak Bill Lam – Chairman Investor Relations Mr. Mohamed Ashroff Omar Shrihan Perera Mr. Hasitha Premaratne Salman Nishtar Mr. Amitha Lal Gooneratne Teejay Lanka PLC Prof. Malik Kumar Ranasinghe Mr. Wai Loi Wan Mr. Kit Vai Tou Secretaries Corporate Services (Private) Limited 216, de Saram Place, Colombo 10. Sri Lanka. Scan the QR Code with your smart device to view this report online Our Annual Report is also available Designed & produced by online. Please visit our website at www.teejay.com to access the Digital Plates & Printing by Printage (Pvt) Ltd report MAKING STRIDES 18 years ago our journey began with the bold ambition to become the region’s preferred fabric solutions provider for branded clothing.
    [Show full text]
  • 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 ..................................................................................................................
    [Show full text]
  • Acuity Stockbrokers Research | Sri Lanka Equities
    ACUITY STOCKBROKERS RESEARCH | SRI LANKA EQUITIES Weekly Market Review 09 Nov 2018 th th Political Uncertainty Dominates Sentiment … Indices vs. Turnover (05 Nov – 09 Nov) Foreign Outflows from Capital Markets Continue 6,300 3,500 ASPI Increases 6,200 S&P SL20 3,400 S&P SL20 S&P ASPI ˅ 1.86% | S&P SL20 ˅ 3.56% 6,100 3,300 ASPI 6,000 3,200 The Bourse ended the week… Cont. P2 5,900 3,100 5,800 3,000 05-Nov 07-Nov 08-Nov 09-Nov Foreign investors closed the week... Cont. P3 5.00 4.00 3.00 Domestic political uncertainty ….… Cont. P4 2.00 LKR Bn) LKR (Turnover 1.00 0.00 Economic Snapshot………… P5 05-Nov 07-Nov 08-Nov 09-Nov KEY STATISTICS Week ending 09-Nov 02-Nov +/- ASPI 5,978.63 6,092.21 -1.86% S&P SL20 3,094.21 3,208.43 -3.56% Banking & Finance 15,807.90 16,242.78 -2.68% Food & Beverage 24,413.03 24,368.96 0.18% Diversified 1,537.10 1,591.90 -3.44% Hotel & Travel 2,644.00 2,677.50 -1.25% Plantations 744.24 749.11 -0.65% Manufacturing 2,874.97 2,963.05 -2.97% Turnover (LKR Bn) 7.80 9.92 -21.33% Foreign Buying (LKR Mn) 1,450.20 2,656.24 -45.40% Foreign Selling (LKR Mn) 5,370.52 6,519.96 -17.63% Daily Average Turnover (LKR Bn) 1.95 1.98 -1.66% Daily Average Foreign Buying (LKR Mn) 362.55 531.25 -31.76% Daily Average Foreign Selling (LKR Mn) 1,342.63 1,303.99 2.96% TOP 10 GAINERS TOP 10 LOSERS Opening Closing WoW % Opening Closing WoW % Company Code Company Code Price Price Change Price Price Change ADAM INVESTMENTS AINVN 0.1 0.2 100.0% EDEN HOTEL LANKA EDENN 14.5 12.1 -16.6% S M B LEASING SEMBN 0.4 0.5 25.0% SOFTLOGIC FIN CRL N 29.9 25.0 -16.4% SOFTLOGIC LIFE AAICN 31.3 34.8 11.2% LANKA ALUMINIUM LALUN 62.3 54.1 -13.2% UDAPUSSELLAWA UDPL 29.6 32.9 11.1% LIGHTHOUSE HOTEL LHL N 33.0 28.8 -12.7% RENUKA CITY HOT.
    [Show full text]
  • ICT Sector Performance Review for Sri Lanka
    ICT Sector Performance Review for Sri Lanka April, 2011 Written by Buddhika Brahmanage & Harini Weerasekera of the Institute of Policy Studies of Sri Lanka under the guidance of Malathy Knight & Anushka Wijesinha of the Institute of Policy Studies of Sri Lanka [email protected] 100/20 Independence Avenue, Colombo 7 Tel +94-11-2143100 Mobile +94-777788056 Fax +94-11-2665065 URL http://www.ips.lkhttp://ipslk.blogspot.com This research was carried out with the aid of a grant from the International Development Research Center (Canada) and the Department for International Development (United Kingdom). The report is part of LIRNEasia’s Sector Performance Review (SPR)/Telecom Regulatory Environment (TRE) research project. The 2008 and 2006 TRE country reports are available at www.lirneasia.net The authors gratefully acknowledge the co-operation and participation by the key stakeholders in the TRE survey 2010/11. 1 Contents List of Tables 5 List of Figures 6 List of Acronyms 7 1. Executive Summary 10 2. Sri Lanka’s Telecom Sector: a Macroeconomic Perspective 12 3. Market Structure and Market Dynamics 16 3.1 Overall Market Structure 16 3.2 Trends in Market Shares 20 3.2.1 Fixed Sector 20 3.2.2 Mobile Sector 22 3.2.3 Broadband Sector 24 3.3 Pricing and Profitability 25 4. ICT infrastructure: availability, affordability and quality 27 4.1 Domestic Infrastructure 27 4.2 International Connectivity 29 4.3 Looking Forward 31 5. Beyond Telecom: E-Applications, Services, Human Resources, Innovation 32 5.1 E-Applications and Services 32 5.1.1 Introduction 32 5.1.2 Innovative Applications in Telecom: Financial and Agricultural Sectors 33 5.1.3 Agricultural/Informal Sector: Innovative applications as an effective tool to bridge the gap between the rich and poor 34 5.1.4 E-Government 35 5.1.5 E-Health 36 5.1.6 E-Education 37 5.2 Human Resources and Innovation 38 6.
    [Show full text]