Corporate results update
- Kelani Valley Plantations (KVAL) reported a net profit of Rs. 173 million for 3Q2012 (up 123% YoY), resulting in a net profit of Rs. 387 million for 1-3Q2012 (up 41% YoY).
nPeople’s Leasing Company (PLC) reported a net profit of Rs. 795 million (up 1% YoY), resulting in a net profit of Rs 1,505 million for 1H13 (up 40% YoY).
- Overseas Realty (Ceylon) (OSEA) reported a net profit of Rs. 274 million for the 3Q2012 (up 97% YoY), resulting in a net profit of Rs. 445 million for 1-3Q2012 (up 16% YoY).
nTrans Asia Hotels (TRAN) reported a net profit of Rs. 216 million for the 2Q13 (up 81% YoY), resulting in a net profit of Rs. 375 million for 1H13 (up 96% YoY).
- Gestetner of Ceylon (GEST) reported a net profit of Rs. 2 million for 2Q13 (down 72% YoY), resulting in a net profit of Rs. 3.1 million for 1H13 (down 77% YoY).
- Chevron Lubricants Lanka (LLUB) reported a net profit of Rs. 522 million for 3Q2012 (down 13% YoY), resulting in a net profit of Rs.1,716 million for 1-3Q2012 (up 19% YoY).
- Union Bank of Colombo (UBC) reported a net profit of Rs. 71 million for 3Q2012 (up 7% YoY), resulting in a net profit of Rs.173 million for 1-3Q2012 (down 13% YoY).
- Bogawantalawa Tea Estates (BOPL) reported a net profit of Rs. 89 million for 2Q13 (vs. a net loss Rs.128 million), resulting in a net profit of Rs.138 million for 1H13 (vs. a net loss Rs.172 million)
(Source: CT Smith Stockbrokers)
