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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
HHL.N0000 ( Hemas Holdings PLC) - Page 2 EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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Ethical Trader
nihal123
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    HHL.N0000 ( Hemas Holdings PLC)

    Backstage
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    Posts : 3803
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    HHL.N0000 ( Hemas Holdings PLC) - Page 2 Empty Re: HHL.N0000 ( Hemas Holdings PLC)

    Post by Backstage Thu Jun 04, 2020 4:32 pm

    Thanks Invi. Waiting now for YK's annual update. Smile
    The Invisible
    The Invisible


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    HHL.N0000 ( Hemas Holdings PLC) - Page 2 Empty Re: HHL.N0000 ( Hemas Holdings PLC)

    Post by The Invisible Fri Aug 14, 2020 9:37 pm

    Hemas Delivers Resilient Performance Amidst COVID-19 Pandemic: Group CEO

    Hemas Holdings PLC reported a consolidated Group revenue of Rs. 13.0 billion, a decline of 1.6% during the first quarter of the financial year 2020/21, compared with the same period last year. Group EBIT at Rs. 415 million for the period is Rs. 395 million higher than the previous financial year. Earnings of Rs. 269 million for the quarter were an improvement of Rs. 695 million. In understanding our financial performance, relative to last year, it is important to note that Q1 FY 2019/20 was negatively impacted by the aftermath of the 21st April terrorist attacks, with the COVID-19 pandemic impacting Q1 FY2020/21.

    Of importance is month on month performance during Q1 FY20/21, as a measure of the impact of COVID-19 on the Group. Our performance was significantly negative in April; however, our core Consumer and Healthcare businesses have shown continued recovery in May and June. In the month of June, our performance in these sectors, which account for more than 90% of our revenues, was broadly in line with our original plans. Other sectors, particularly Leisure where we recorded an operating loss of Rs. 277 million, have not shown the same resilience.

    Overall Hemas is ahead of our initial COVID impacted expectations due to a relentless determination to keep our core Consumer and Healthcare business operating and providing our essential products and services to our customers across the country. The businesses that account for the majority of our revenues and profitability have recovered strongly. We have maintained tight control on costs and cashflows and as a result, have significantly improved our cashflow from operations during the quarter. The health and safety of our team remains a primary consideration, and we are investing in expertise and protective equipment to minimize risks. Our teams have done an excellent job in managing the impact of the slowdown in economic activity and supply chain disruptions while addressing the operating challenges to factories, hospitals, hotels and sales and distribution operations. We have made strong progress through the quarter. However, significant and unpredictable COVID-19 related business risks remain.

    Consumer

    Our Consumer sector reported a revenue of Rs. 3.8 billion during the quarter over Rs. 4.6 billion in the corresponding year, a decline of 16.6%. Similarly, the sector operating loss of Rs. 48 million is a Rs. 64 million decline over last year’s profit of Rs. 16 million. This weaker performance in the Consumer sector is mainly attributable to Home and Personal Care (HPC) International and Atlas, while our domestic HPC business grew. COVID-19 had a negative impact on Atlas with schools closed throughout the quarter. A phased re-opening plan commenced in the first week of July. HPC International experienced contraction in the first two months of the pandemic due to hair oil not being an essential category. As a result, a volume decline was experienced across both Bangladesh and West Bengal.

    Our newly launched health focused personal wash brand Shield, soap and hand sanitizer, has been well received in the HPC Domestic market. The products’ strong anti-bacterial and germ-killing capability resonates with consumers focussed on soap and sanitizer as a first line of defense during the pandemic. During the quarter, we have seen significant performance variance across categories, with personal wash, home care and oral care all performing strongly. HPC Domestic has increased production and sales during the quarter and we are now at near-normal levels.

    Healthcare

    Hemas Healthcare sector has been at the forefront of meeting the multiple challenges of the COVID-19 pandemic. Our Pharmaceutical Distribution business operated at normal levels, despite significant logistical challenges, as we responded to the Governments call to ensure essential pharmaceutical products were available across the country. Our e-Commerce venture in online prescription fulfilment, Healthnet, experienced a significant spike in demand during the quarter.

    Overall our healthcare businesses recorded revenues of Rs. 8.6 billion, with operating profits of Rs. 647 million. Growth within the sector was driven by the recently added distribution agency in the nutrition space. No major supply shortages were experienced.

    Morison was impacted by the lockdown, with the factory being unable to run at its optimum capacity levels during the first few weeks of the pandemic. However, production increased during the quarter as we prioritized meeting the Government’s pharmaceutical supply requirements. Overall revenues and operating profits improved by 27.8% and 12.0% compared to the same period last year. The new manufacturing facility at Homagama has been delayed due to the lockdown. Construction and installation work has re-commenced and we anticipate commercial production starting in April 2021.

    At both Pharmaceutical Distribution and Morisons we have made progress in improving working capital by reducing debtor levels.

    As ever our Hospitals teams have ensured that high quality health services have been available 24*7 throughout the pandemic. Both Thalawathugoda and Wattala hospitals experienced a decline in patient footfall and elective surgeries reduced during lockdown, resulting in lower inpatient and outpatient revenue. Again we have seen month on month recovery. During the quarter we incurred additional costs of Rs. 50 million to ensure required supplies of personal protective equipment were available.

    Leisure

    With the divestment of the Group’s interest in Travel and Aviation segments, Leisure comprises our hotel investments of Serendib Hotels PLC and Anantara Peace Haven Tangalle. The Group’s Leisure business was significantly impacted during the quarter with the suspension of operation of our hotels due to lockdown and the closure of the airports. While airports are yet to re-open, our hotels re-commenced operations in July. Two of our properties are operating as paid quarantine facilities, while others are serving the domestic tourism market.

    Leisure reported revenues of Rs. 42 million. Following stringent cost containment measures taken by the management, the sector reported an operating loss of Rs. 277 million.

    Mobility

    Hemas Mobility sector revenues decreased by 34.4% compared to Q1 last year, with revenues of Rs. 456 million. Operating profit declined by 65% over last year. The decline in performance is attributable to weakened trade and transhipment volumes impacting shipping agency volumes and the closure of the airport limiting airline aviation activity to cargo operations only. During the quarter, Hemas restructured its shareholding in one of the shipping agencies and recorded a disposal loss of Rs. 89 million. Our Logistics arm reported a profitability improvement of Rs. 11 million.

    Future Outlook

    The Group has delivered resilient performance in the quarter, despite the profound impact of the ongoing COVID-19 crisis. Overall, our Healthcare and Consumer businesses have shown strong month on month recovery and by June were achieving pre-COVID activity levels. Leisure remains a challenge.

    We recognize the on-going risks that the pandemic represents to the Group, whether through a second wave, a contracting economy or supply chain or other constraints. We are adopting a dual strategy recognising that increased consumer consciousness towards health and hygiene is an opportunity for Hemas and also aggressively focusing on cost management and cash conservation in order to navigate through these unpredictable times.

    This will be my final quarterly review as Group CEO, as I retire on 30th September and Kasturi takes on the role of leading one of Sri Lanka’s best companies. I would like to take this opportunity to thank all of the many Hemas stakeholders I have interacted with over the years for their help, guidance, challenge and humour. I have been privileged to work with exceptional teams in unprecedented times. Together we have come through many unpredicted challenges to deliver remarkable outcomes.

    I wish Kasturi and Hemas every success in the future and am confident that this great company will go from strength to strength.

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      Current date/time is Wed Dec 11, 2024 1:55 am