Corporate Results Update

Monday, 25 November 2013 00:14 -     - {{hitsCtrl.values.hits}}

Asian Alliance Insurance (ALLI) reported a net profit of Rs. 79 m for 2Q14 (down 49% YoY), resulting in a net profit of Rs. 144 m for 1H14 (down 38% YoY). Cargills (Ceylon) (CARG) reported a net profit of Rs. 50 m for 2Q14 (down 39% YoY), resulting in a net profit of Rs.171mn for 1H14 (down 48% YoY). C T Holdings (CTHR) reported a net profit of Rs.27 m for 2Q14 (down 8% YoY), resulting in a net profit of Rs. 116 m for 1H14 (down 67% YoY). J.L. Morison Son & Jones (Ceylon) (MORI) reported a net profit of Rs. 50 m for 2Q14 (up 30% YoY), resulting in a net profit of Rs. 80 m for 1H14 (up 22% YoY). Softlogic Holdings (SHL) reported a net profit of Rs. 54 m for 2Q14 (vs. a net loss of -Rs. 206 m for 2Q14), resulting in a net profit of Rs. 93 m for 1H14 (vs. a net loss of -Rs.178 m for 1H13). PC House (PCH) reported a net loss of -Rs. 338 m for 2Q14 (vs. a net loss of -Rs. 5 m in 2Q13), resulting in a net loss of -Rs. 497 m for 1H14 (vs. a net loss of -Rs. 3 m for 1H13). Orient Garments (OGL) reported a net loss of -Rs. 144 m for 1H14 (vs. a net loss of -Rs. 23 m for 1H13). Agalawatte Plantations (AGAL) reported a net profit of Rs.15mn in 3Q2013 (vs. a net loss of -Rs.190mn in 3Q2012), resulting in a net loss of -Rs.81mn for 1-3Q2013 (vs. a net loss of –Rs.149mn for 1-3Q2012). Kotmale Holdings (LAMB) reported a net profit of Rs. 10 m for 2Q14 (down 41% YoY), resulting in a net profit of Rs. 30 m for 1H14 (down 31% YoY). Lanka Milk Foods (CWE) (LMF) reported a net loss of -Rs. 3 m for 2Q14 (vs. a net profit of Rs. 132 m in 2Q14), resulting in a net profit of Rs. 82 m for 1H14. (vs a net profit of Rs. 166 m in 1H13). Pan Asia Banking Corporation (PABC) reported a net profit of Rs. 29 m for 3Q2013 (down 85% YoY), resulting in a net profit of Rs. 191 m for 1-3Q2013 (down 66% YoY). The Finance Company (TFC) reported a net loss of -Rs. 388 m for 2Q14 (vs. a net loss of -Rs. 187 m in 2Q14), resulting in a net loss of Rs. 821 m for 1H14 (vs. a net loss of -Rs. 656 m for 1H13). Kelani Cables (KCAB) reported a net profit of Rs .83 m for 2Q14 (up 45% YoY), resulting in a net profit of Rs. 130 m for 1H14 (up 11% YoY). ACL Cables (ACL) reported a net profit of Rs. 102 m for 2Q14 (up 26% YoY), resulting in a net profit of Rs. 190 m for 1H14 (down 4% YoY). Dunamis Capital (CSEC) reported a net loss of -Rs. 23 m for 2Q14 (vs. a net profit of Rs. 26 m for 2Q13), resulting in a net loss of -Rs.0.2 m for 1H14 (vs. a net profit of Rs. 10 m for 1H13). Abans Electricals (ABAN) reported a net profit of Rs. 20 m for 2Q14 (down 60% YoY), resulting in a net profit of Rs. 49 m for 1H14 (down 17% YoY). Source: CT Smith Stockbrokers

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