The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Buy International English Language Testing System (IELTS) in jordan((WhatsApp:+237675967490))
Today at 10:55 am by nihal123

» Thread for News on Local and Foreign Politics
Sat Dec 15, 2018 6:13 am by Ethical Trader

» Thread for News on International Markets
Fri Dec 14, 2018 1:58 pm by The Invisible

» AINS - Arpico Insurance
Thu Dec 13, 2018 10:43 am by The Invisible

» Thread for News on CSE and SL Economy
Thu Dec 13, 2018 7:28 am by serene

» CFVF - First Capital
Thu Dec 13, 2018 5:18 am by Ethical Trader

» Dividend Announcement
Wed Dec 12, 2018 6:07 pm by serene

» Obituary Notice.
Wed Dec 12, 2018 11:18 am by sashimaal

» BFN - Orient Finance
Wed Dec 12, 2018 9:34 am by PANTOMATH

» බඩගිනී
Tue Dec 11, 2018 9:20 am by Ethical Trader

» අනං මනං! #/+?.<>
Sun Dec 09, 2018 11:19 am by lanka

»  Rajgama heroes !
Sun Dec 09, 2018 9:43 am by කිත්සිරි ද සිල්වා

» BOPL.N0000 (Bogawantalawa Tea Estates PLC)
Fri Dec 07, 2018 7:35 am by The Invisible

» Sri Lanka economic slowdown trims company profits, bank earnings grow
Thu Dec 06, 2018 3:04 pm by nihal123

» JINS.N0000 ( Janashakthi Insurance PLC)
Thu Dec 06, 2018 10:05 am by The Invisible

» Better Than Bitcoin
Thu Dec 06, 2018 9:42 am by කිත්සිරි ද සිල්වා

» AAIC.N0000
Thu Dec 06, 2018 8:19 am by serene

» Hutchison, Etisalat complete mobile networks merger in Sri Lanka
Wed Dec 05, 2018 9:30 am by The Invisible

» Oil prices surge more than 5-pct
Mon Dec 03, 2018 1:53 pm by Ethical Trader

» Trading Journal
Mon Dec 03, 2018 11:33 am by lanka

» CCS.N0000 ( Ceylon Cold Stores)
Mon Dec 03, 2018 10:03 am by The Invisible

» HAYC - Haycarb
Sun Dec 02, 2018 3:04 pm by xmart

» In the Meantime, Within Our Shores !
Sat Dec 01, 2018 4:36 pm by කිත්සිරි ද සිල්වා

» LGL Laugfs Gas
Fri Nov 30, 2018 9:43 am by The Invisible

» Oil prices gain as investors eye Fed relief on interest rates
Fri Nov 30, 2018 9:41 am by The Invisible

» ලැයිස්තුගත සමාගම් 8 ක් කොටස් ගනුදෙනු තහනම් වීමේ අවදානමක
Thu Nov 29, 2018 11:34 am by nihal123

» අපි තනිකර ලෝකය දිව යන්නේ
Thu Nov 29, 2018 11:32 am by කිත්සිරි ද සිල්වා

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Thu Nov 29, 2018 10:32 am by The Invisible

» Orient Finance PLC--(Share_Valuation_Report)
Thu Nov 29, 2018 7:17 am by yellow knife

» කිඹුලා
Mon Nov 26, 2018 7:20 am by Lalinda

» Sandos' Vs Creators'
Sun Nov 25, 2018 1:17 pm by කිත්සිරි ද සිල්වා

» Tourists Arrival
Sat Nov 24, 2018 10:07 am by කිත්සිරි ද සිල්වා

» බිරිඳ
Fri Nov 23, 2018 11:49 am by Ethical Trader

» ගෙයක් හදන්නද ඉන්නේ
Fri Nov 23, 2018 5:55 am by Brave Heart

» --- සමෝසා වෙළෙන්දා -------
Fri Nov 23, 2018 5:51 am by Brave Heart

» විකුණුම්කරු
Sun Nov 18, 2018 2:10 pm by Ethical Trader

» Real Estate Market in Sri Lanka- A booming Industry or a Bubble?
Sun Nov 18, 2018 12:00 am by xmart

» Will YOU VOTE for ME if I run for SL PRESIDENCY?
Sat Nov 17, 2018 11:43 am by CK

» *කොට්ටේ තරණය කිරීම*
Fri Nov 16, 2018 6:25 pm by Ethical Trader

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Wed Nov 14, 2018 9:20 pm by pjrngroup

» DIPD.N0000 (Dipped Products)
Wed Nov 14, 2018 7:18 am by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
Wed Nov 14, 2018 7:16 am by The Invisible

» TAFL - Three Acre Farms
Wed Nov 14, 2018 7:14 am by The Invisible

» RCL - Royal Ceramics
Wed Nov 14, 2018 7:12 am by The Invisible

» HAYL.N0000 Hayleys PLC
Wed Nov 14, 2018 7:08 am by The Invisible

» How to trade Stock profitably?
Tue Nov 13, 2018 11:55 am by indramal

» What are investing methods in Sri Lanka?
Tue Nov 13, 2018 6:39 am by indramal

» Thread for General News Local/Foreign
Mon Nov 12, 2018 7:57 am by serene

» Anybody invest New York or Landon Stock Exchange?
Sat Nov 10, 2018 8:53 am by කිත්සිරි ද සිල්වා

» JKH.N0000
Fri Nov 09, 2018 10:49 am by ruwan326

December 2018
SunMonTueWedThuFriSat
      1
2345678
9101112131415
16171819202122
23242526272829
3031     

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

WATA - Watawala

Go down

WATA - Watawala

Post by The Invisible on Fri Nov 09, 2018 10:22 am

Watawala Plantations Sept quarter net down 12-pct

ECONOMYNEXT – Sri Lanka’s Watawala Plantations, which has spun off its tea business, said net profit fell almost 12 percent to 336 million rupees in the September 2018 quarter from a year ago.

Earnings per share were 1.67 rupees for the quarter with sales down 51 percent to 867 million rupees, according to interim accounts filed with the stock exchange.

Profits from palm oil were higher while losses in the new dairy business narrowed.

Watawala Plantations share closed at 21.50 rupees Thursday, down 50 cents or 2.38 percent.

In the six months to September 2018, EPS fell to 2.49 rupees from 3.20 rupees a year ago with profits from palm oil slightly lower and losses in the dairy business higher.

Watawala Plantations Managing Director Vish Govindasamy said earnings were supported by higher production volumes in the second quarter.

“Global palm oil prices declined in response to the supply side factors, which affected the local price,” he said in a note accompanying the accounts.

“However, this was negated owing to the upward revisions of duty on crude palm oil imported to the country.”

Watawala Dairy Limited showed signs of recovery in the second quarter compared with the first as the milk volume, prices and revenue increased significantly, resulting in a reduction in operating losses, Govindasamy said.

The loss for the second quarter fell to 25 million rupees from a loss of 45 million rupees in the previous quarter, with the total loss being 70 million for the six months ended 30 September 2018.

“These start-up losses, now within the budgeted parameters, are regularly monitored and controlled,” Govindasamy said.

“Increased milk production from the cattle coming to the second lactation in the herd and the first lactation of 246 cattle imported from Australia in May 2018 mainly accounted for the volume increase.”

Govindasamy said the volatility in the global oil palm market will remain and the strengthening of the US dollar against rupee will have mixed consequences for the industry.

The dairy business will further consolidate its operations with more focus on rationalizing feed costs with the milk yields, he said.
(Colombo/Nov08/2018)
avatar
The Invisible

Posts : 830
Join date : 2016-11-28
Age : 39

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum