Sri Lanka Seylan Bank (SEYB) - Regaining Confidence...

Sri Lanka’s banking and financial services sector has been a steady contributor to the economy (10.3% to the GDP in 2009) and been one of the most sought after sectors in the Colombo bourse (that gained nearly 110% in terms of market capitalization and sector index gained near 124% during the year 2009). Going forward with the favorable...

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Seylan Bank’s (SEYB) net profit up 66% YoY during -2Q2010

Overview Seylan Bank (SEYB) was incorporated in 1987 and obtained a listing for its ordinary shares on the Colombo bourse in 1989. Today the bank stands as the 4th largest private commercial bank in Sri Lanka with an asset base of LKR142.9 bn whilst operating an island wide branch network of 94. Today the bank is recovering from...

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Royal Ceramics' net profits up 189%YoY to LKR382.5 mn in 1QFY11

Royal Ceramic's (RCL) has reported net earnings of LKR382.5 mn (up 189%YoY ) in 1QFY11 whilst the top line grew by 58%YoY. This was mainly driven by strong home builders demand, improved sales mix in the sizes of tiles (Bigger tiles tend to have higher margins) and increase in demand from hotel refurbishment projects and apartment developments. RCL,...

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Dipped Products PLC (DIPD) : Escalating rubber prices remains a major concern

Dipped Products PLC (DIPD) is the fully integrated and globally acknowledged rubber glove manufacturing arm of the local conglomerate Hayleys PLC (HAYL: LKR301.00). Currently DIPD exports its products to +68 countries and enjoys a 5% global market share for natural and synthetic latex based domestic and industrial gloves. DIPD is globally...

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Sri Lanka Sierra Cables (SIRA): Signs of Recovery

Sierra Cables [SIRA : LKR3.70], together with its subsidiaries, is engaged in the manufacturing and sale of power and communication cables and various aluminum conductors for the domestic as well as international market (such as India, Australia, Dubai, Tanzania and Maldives). It is the parent company of the well reputed brand of ‘Alucop...

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Chemical Industries (CIC) : FY10 earnings driven by agriculture sector

Originally set-up as a Trading House for ICI - UK, Chemical Industries Colombo (CIC) has pursued a policy of planned growth which has resulted in its diversification into a number of fields over the years. The company grew into agriculture, paints, pharmaceuticals, industrial raw material and packaging dwarfing the chemical business. CIC...

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Plantation Earnings…End of lull?

Sri Lankan plantation sector as a whole saw positive earnings during the last two quarters ending its earnings lull due to peaked tea prices (which is now consolidating) and escalating rubber prices. The sector which comprises of 18 listed companies posted net earnings of LKR1,937.8 mn in 2010/FY2010 recording an impressive two-fold growth...

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