- yellow knifeTop contributor
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CSD.N0000 (Seylan Developments PLC)
Many subsidiaries of Banks who are not related to Finance field are not encouraged to grow by its regulator. The reason is very clear. Regulator cannot control areas which are not belonging to Financial intermediary.
This is a property related company where 70.51% belongs to Seylan Bank.
IN the backdrop of the restrictions on the activities of the company given applicable regulations fo the Central Bank of Sri Lanka..... (Chairman's Message)
Such companies give away a good portion of its Earnings back as Dividends.
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Re: CSD.N0000 (Seylan Developments PLC)
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Re: CSD.N0000 (Seylan Developments PLC)
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Re: CSD.N0000 (Seylan Developments PLC)
Annual Report 2022
CSD is a good company to be included in Dividend Hunters in their Portfolios.
These property related companies belonging to Banks and Finance Companies can perform with less number of employees and maintain a very high dividend payout ratio. The same reason makes its Net Assets to grow slowly and thus the capital appreciation expectations are also low in these kind of shares.
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- yellow knifeTop contributor
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Re: CSD.N0000 (Seylan Developments PLC)
- yellow knifeTop contributor
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Join date : 2014-03-27
Re: CSD.N0000 (Seylan Developments PLC)
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Re: CSD.N0000 (Seylan Developments PLC)
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- yellow knifeTop contributor
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Re: CSD.N0000 (Seylan Developments PLC)
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Re: CSD.N0000 (Seylan Developments PLC)
1. Income tax increased from 24% to 30% and it affects PAT
2. Rentals on apartments are fixed in USD hence the massive Rupee Depreciation of last year helped to generate unexpected gains.
3. 100% occupancy of East Tower and 75% in West Tower recorded.
4. Moratuwa Property will be disposed after CEA ( Central Environmental Authority) approvals are in place.
5. Ja-Ela property will be auctioned once the legal procedures are over.
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10.1 Finance income | 2022 | 2021 |
Interest income on loans | 496,815 | 332,155 |
Interest income on bank deposits | 5,789,941 | 2,654,639 |
Interest income on debentures | 24,575,000 | 24,573,289 |
Interest Income on treasury bills | 30,922,733 | 3,170,806 |
Gain on change in fair value of financial assets at fair value through profit or loss | 0 | 1,200,041 |
Net Foreign Exchange Gain | 12,094,631 | 336,565 |
73,879,120 | 32,267,495 |
කිත්සිරි ද සිල්වා likes this post