Sri Lanka's Bank of Ceylon assets top a trillion rupees
Sri Lanka's state-run Bank of Ceylon, the island's largest commercial bank has topped a trillion rupees (7.6 billion US dollars) in assets by the end of May 2012, officials said.Chairman Gamini Wickramasinghe said a target for one trillion in assets and ten billion rupees in profits was set for 2012 in 2009, but at the time many people thought it was not achievable.(http://www.lbo.lk/fullstory.php?nid=1268159840)
On 08th June 2012
Sri Lanka telecom subscriber growth in single digits
Sri Lanka's mobile subscribers grew in single digits in the first quarter of 2012 from a year earlier and wireless fixed access users dropped from a quarter earlier, two years after telephones in use first exceeded the population.(http://www.lbo.lk/fullstory.php?nid=3368528)
On 06th June 2012
Sri Lanka Tokyo Cement profit flat amid higher taxes
Sri Lanka's Tokyo Cement (Lanka) Plc, a cement manufacturer said net profits for the March quarter rose just two percent to 130.24 million rupees from a year earlier, held back by a steep increase in taxes.The group, which includes a packing plant and biomass power subsidiary, reported earnings of 43 cents per share for the quarter. (http://www.lbo.lk/fullstory.php?nid=1811879349)
Sri Lanka Distilleries group net down 26-pct
Distilleries Corporation of Sri Lanka Plc, which has interests in alcohol, tea farming and telecoms reported profits of 2.8 billion rupees in the March 2012 quarter, down 43 percent from a year earlier, amid lower one-off incomes.The group reported earnings of 9.53 rupees for the quarter. For the year to March 2012, the group reported earnings of 19.94 rupees on total profits of 5.9 billion rupees, down 26 percent from a year earlier.(http://www.lbo.lk/fullstory.php?nid=1502274743)
On 31st May 2012
Sri Lanka Laugfs net up 15-pct in half year
Sri Lanka's Laugfs Gas Plc, which has interests in cooking gas distribution, emissions testing and leisure posted profits of 639 million rupees in the six months to March 2012, up 15 percent from a year earlier, interim accounts showed. The group reported earnings of 1.39 rupees per share for the six-months to March 2012. For the year to March it reported earnings of 2.43 per share, on profits of 942 million rupees, which were up 10.5 percent.(http://www.lbo.lk/fullstory.php?nid=4105139)
Sri Lanka's auto dealership March net down 36-pct
Sri Lanka's Diesel and Motor Engineering Company Plc, which has agencies for Mercedes Benz and Tata, said profits fell 36 percent to 427 million rupees in the March 2012 quarter. The firm reported earnings of 48.14 rupees for the quarter. The closed at 590 rupees up 18.70 Thursday. For the full year to March 2012, the firm reported earnings of 303.87 rupees per share on profits of 2.6 billion rupees up 27 percent from a year earlier.(http://www.lbo.lk/fullstory.php?nid=1839982996)
On 30th May 2012
Hemas records Rs. 1.3 b after tax profit in FY12
The Hemas Group said yesterday it has recorded Rs. 1.3 billion profit after tax whilst Group revenue reached Rs. 21.4 billion, recording 18.5% growth.
Revenue growth was driven by Healthcare, FMCG and Power sectors. While earnings for the first half were down by 17.2%, performance bounced back strongly during the third and fourth quarters to close the year with earnings of Rs. 1.2 billion.(http://www.ft.lk/2012/05/30/hemas-records-rs-1-3-b-after-tax-profit-in-fy12/)
Sri Lanka Aitken Spence March net up 93-pct
Profits at Sri Lanka's Aitken Spence group rose 93 percent to 1.76 billion rupees in the March 2012 quarter helped by strong leisure performance and other income, interim accounts showed. (http://www.lbo.lk/fullstory.php?nid=1854428159)
On 29th May 2012
Sri Lanka's mini hydro firm hit by drought
May
29, 2012 - Sri Lanka's Vallibel Power Erathna Plc, a mini hydro
firm, said it lost 13.04 million rupees in the March 2012 quarter as
revenues fell amid drought and a tariff paid by the state power utility
also decreased.The firm reported losses of 2 cents per share for the quarter. In the
year to March it reported earnings of 33 cents per share on profits of
254 million rupees, which were down 66 percent from a year earlier.(http://www.lbo.lk/fullstory.php?nid=994086311)
Jumbo profit at JKH
Sri Lanka’s premier blue chip John Keells Holdings (JKH) has reinforced its supremacy by achieving the highest-ever profit by a listed corporate with the just-concluded 2011/12 financial year, producing its best-ever and most phenomenal performance.
As per provisional results released for the year ended on 31 March 2012, JKH’s recurring profit attributable to equity holders jumped by 40% to Rs. 8.36 billion whilst overall bottom line rose by 19% to Rs. 9.7 billion.(http://www.ft.lk/2012/05/24/jumbo-profit-at-jkh/)
Sri Lanka Nestle March net down 25-pct
May 22, 2012 - Sri Lanka's Nestle Lanka Plc, a unit of a Swiss food firm said profits in the March 2012 quarter fell 25 percent to 461 million rupees as the firm was hit by higher energy prices and currency depreciation. Nestle Lanka reported earnings of 8.60 rupees per share for the quarter. The stock fell 5.60 to close at 1,179 on Tuesday.(http://www.lbo.lk/fullstory.php?nid=1733233745)
Sri Lanka Hemas Power hit by forex losses
May 22, 2012 - Sri Lanka's Hemas Power, a unit of listed Hemas Holdings said profits in the March 2012 quarter fell 78 percent to 24 million rupees amid as it was hit by foreign exchange losses.The firm reported earnings of 16 cents for the quarter in interim acconts. In the year to March 2012 the firm reported earnings of 1.97 rupees.(http://www.lbo.lk/fullstory.php?nid=1850590015)
Sri Lanka HDFC Bank net up 79-pct in March
May 20, 2012 - Profits at Sri Lanka's HDFC Bank, a mortgage lender quarter rose 79 percent to 125 million rupees the March 2012 quarter helped by higher interest income, interim accounts showed. The bank reported earnings of 1.94 rupees for the quarter. The stock traded at 54.60 rupees, up 80 cents Friday. HDFC Bank reported return on assets or pre-tax profits compared to total assets of 2.36 percent, down from 2.83 percent in the December 2011 quarter. Return on equity fell to 12.0 percent from 15.58 percent.(http://www.lbo.lk/fullstory.php?nid=2081146590)
