Corporate earnings update

Wednesday, 13 November 2013 00:00 -     - {{hitsCtrl.values.hits}}

Three Acre Farms (TAFL) reported a net profit of Rs. 79 million for 3Q2013 (vs. a net loss of -Rs. 1 million in 3Q2012), resulting in a net profit of Rs. 120 million for 1-3Q2013 (up 92% YoY) Ceylon Grain Elevators (GRAN) reported a net profit of Rs. 60 million for 3Q2013 (vs. a net loss of -Rs. 67 million in 3Q2012), resulting in a net profit of Rs. 135 million for 1-3Q2013 (down 62% YoY) Ceylinco Insurance (CINS) reported a net profit of Rs. 233 million for 3Q2013 (up 50% YoY), resulting in a net profit of Rs. 723 million for 1-3Q2013 (up 49% YoY) AIA Insurance Lanka (CTCE) reported a net profit of Rs. 112 million for 3Q2013 (up 9% YoY), resulting in a net profit of Rs. 135 million for 1-3Q2013 (down 50% YoY) Malwatte Valley Plantations (MAL) reported a net profit of Rs. 93 million for 3Q2013 (down 10% YoY), resulting in a net profit of Rs. 254 million for 1-3Q2013 (down 16% YoY) Nawaloka Hospitals (NHL) reported a net profit of Rs. 76 million for 2Q14 (down 60% YoY), resulting in a net profit of Rs. 176 million for 1H14 (down 38% YoY) Balangoda Plantations (BALA) reported a net profit of Rs. 41 million for 3Q2013 (down 28% YoY), resulting in a net profit of Rs. 98 million for 1-3Q2013 (down 24% YoY) Central Finance Company (CFIN) reported a net profit of Rs. 783 million for 2Q14 (down 3% YoY), resulting in a net profit of Rs. 1,609 million for 1H14 (broadly unchanged) Sanasa Development Bank (SDB) reported a net profit of Rs. 73 million for 3Q2013 (down 52% YoY), resulting in a net profit of Rs. 282 million for 1-3Q2013 (up 11% YoY) Lanka IOC (LIOC) reported a net profit of Rs. 1,485 million for 2Q14 (up 26% YoY), resulting in a net profit of Rs. 2,835 million for 1H14 (up 106% YoY) Nations Trust Bank (NTB) reported a net profit of Rs. 616 million for 3Q2013 (up 7% YoY), resulting in a net profit of Rs. 1,596 million for 1-3Q2013 (up 6% YoY) Distilleries Company of Sri Lanka (DIST) reported a net profit of Rs. 1,493 million for 2Q14 (down 7% YoY), resulting in a net profit of Rs. 3,136 million for 1H14 (up 2% YoY) Madulsima Plantations (MADU) reported a net loss of -Rs. 89 million for 3Q2013 (vs. a net loss of –Rs. 43 million in 3Q2012), resulting in a net profit of Rs. 138 million for 1-3Q2013 (vs. a net loss of –Rs. 83 million in 1-3Q2012) Asian Alliance Insurance (AAIC) reported a net loss of -Rs. 98 million for 3Q2013 (vs. a net loss of -Rs. 40 million for 3Q2012), resulting in a net loss of -Rs. 119 million for 1-3Q2013 (vs. a net loss of -Rs. 66 million for 1-3Q2012) DFCC Bank (DFCC) reported a net profit of Rs. 593 million for 2Q14 (down 25% YoY), resulting in a net profit of Rs. 1,188 million for 1H14 (down 14% YoY) Hemas Holdings (HHL) reported a net profit of Rs. 707 million for 2Q14 (up 82% YoY), resulting in a net profit of Rs. 984 million for 1H14 (up 36% YoY) Kelani Tyres (TYRE) reported a net profit of Rs. 188 million for 2Q14 (up 44% YoY), resulting in a net profit of Rs. 336 million for 1H14 (up 59% YoY) Vallibel Power Erathna (VPEL) reported a net profit of Rs. 257 million for 1Q14 (vs. a net profit of Rs. 110 million for 2Q13), resulting in a net profit of Rs. 494 million for 1H14 (vs. a net profit of Rs. 160 million for 1H13) Sri Lanka Telecom (SLTL) reported a net profit of Rs. 1,572 million for 3Q2013 (down 15% YoY), resulting in a net profit of Rs. 3,897 million for 1-3Q2013 (up 24% YoY) John Keells (JKL) reported a net loss of Rs. 16 million for 2Q14 (vs. net profit of Rs. 79 million in 2Q13), resulting in a net profit of Rs. 62 million for 1H14 (down 52% YoY) Seylan Bank (SEYB) reported a net profit of Rs. 535 million for 3Q2013 (down 17% YoY), resulting in a net profit of Rs. 1,529 million for 1-3Q2013 (down 5% YoY)  \ Trans Asia Hotels (TRAN) reported a net profit of Rs. 194 million for 2Q14 (down 10% YoY), resulting in a net profit of Rs. 316 million for 1H14 (down 16% YoY) Overseas Realty (OSEA) reported a net profit of Rs. 664 million for 3Q2013 (down 5% YoY), resulting in a net profit of Rs. 1,652 million for 1-3Q2013 (down 3% YoY) Hayleys Fibre (HEXP) reported a net profit of Rs. 6 million for 2Q14 (up 6% YoY), resulting in a net profit of Rs. 15 million for 1H14 (up 20% YoY) (Source: CT Smith Stockbrokers)

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