Corporate Results Update

Kelani Cables (KCAB) reported a net profit of Rs.109m for 3Q16 (+55% YoY), resulting in a net profit of Rs.322m for 1-3Q16 (+94% YoY)

ACL Cables (ACL) reported a net profit of Rs.257m for 3Q16 (+7% YoY), resulting in a net profit of Rs.795m for 1-3Q16 (+79% YoY)

Asiri Hospital Holdings (ASIR) reported a net profit of Rs.641m for 3Q16 (vs. a net profit of Rs.278m in 3Q15), resulting in a net profit of Rs.1,199m for 1-3Q16 (+56% YoY)

Singer Finance (Lanka) (SFIN) reported a net profit of Rs.103m for 3Q16 (-11% YoY), resulting in a net profit of Rs.315m for 1-3Q16 (+13% YoY)

Asiri Surgical Hospital (AMSL) reported a net profit of Rs.131m for 3Q16 (+28% YoY), resulting in a net profit of Rs.315m for 1-3Q16 (-0% YoY)

Nawaloka Hospitals (NHL) reported a net profit of Rs.95m for 3Q16 (vs. a net profit of Rs.46m in 3Q15), resulting in a net profit of Rs.219m for 1-3Q16 (+83% YoY)

Tal Lanka Hotels (TAJ) reported a net profit of Rs.36m for 3Q16 (vs. a net loss of -Rs.34m in 3Q15), resulting in a net loss of -Rs.89m for 1-3Q16 (vs. a net loss of -Rs.200m in 1-3Q15)

Lanka IOC (LIOC) reported a net profit of Rs.882m for 3Q16 (+45% YoY), resulting in a net profit of Rs.680m for 1-3Q16 (-77% YoY)

Nation Lanka Finance (CSF) reported a net profit of Rs.40m for 3Q16 (-90% YoY), resulting in a net profit of Rs.99m for 1-3Q16 (-47% YoY).

SMB Leasing (SEMB) reported a net profit of Rs.14m for 4Q2015 (-62% YoY), resulting in a net profit of Rs.62m for 2015 (-26% YoY).

Mackwoods Energy (MEL) reported a net loss of -Rs.13m for 3Q16 (vs. a net loss of -Rs.3m in 3Q15), resulting in a net loss of -Rs.27m for 1-3Q16 (vs. a net loss of -Rs.2m in 1-3Q15).

Swarnamahal Financial Services (SFS) reported a net profit of Rs.3m for 3Q16 (-88% YoY), resulting in a net profit of Rs.2m for 1-3Q16 (vs. a net loss of -Rs.460m in 1-3Q15).

First Capital Holdings (CFVF) reported a net profit of Rs.122m for 3Q16 (-46% YoY), resulting in a net profit of Rs.131m for 1-3Q16 (-88% YoY).

Convenience Foods (Lanka) (SOY) reported a net profit of Rs.38m for 3Q16 (-12% YoY), resulting in a net profit of Rs.88m for 1-3Q16 (-3% YoY).

Aitken Spence Hotel Holdings (AHUN) reported a net profit of Rs.376m for 3Q16 (-41% YoY), resulting in a net profit of Rs.782m for 1-3Q16 (-31% YoY).

Tokyo Cement Company (Lanka) (TKYO) reported a net profit of Rs.339m for 3Q16 (vs. a net profit of Rs.115m in 3Q15), resulting in a net profit of Rs.1,295m for 1-3Q16 (+14% YoY).

Vallibel Power Erathna (VPEL) reported a net profit of Rs.285m for 3Q16 (+3% YoY), resulting in a net profit of Rs.764m for 1-3Q16 (-15% YoY).

United Motors Lanka (UML) reported a net profit of Rs.581m for 3Q16 (+80% YoY), resulting in a net profit of Rs.1,477m for 1-3Q16 (vs. a net profit of Rs.723m in 1-3Q15).

Lion Brewery Ceylon (LION) reported a net profit of Rs.453m for 3Q16 (-19% YoY), resulting in a net profit of Rs.1,727m for 1-3Q16 (+9% YoY).

A I A Insurance Lanka (CTCE) reported a net profit of Rs.174m for 4Q2015 (+26% YoY), resulting in a net profit of Rs.303m for 2015 (+15% YoY)

Ceylon Hotels Corporation (CHOT) reported a net loss of -Rs.25m for 3Q16 (vs. a net profit of Rs.25m in 3Q15), resulting in a net loss of -Rs.82m for 1-3Q16 (vs. a net loss of -Rs.56m in 1-3Q15)

Source: CT CLSA Securities