Namunukula Plantations (NAMU) – Stronger Earnings Through Crop Diversification

Namunukula Plantations (NAMU.LKR127.60) recorded a net profit of LKR146.7mn in FY10 (vs. net earnings of LKR40.7mn in FY09) mainly on the back of the 19.2% YoY growth in top line backed by attractive Net Sales Averages ( NSA’ s) achieved for all 3 main crops (Tea, Rubber and Oil Palm) of the company. NAMU, one of the well diversified plantation company’s in Sri Lanka has a distinct advantage over its competitors in terms of balanced...

»»  read more

Lanka Walltile (LWL) - The Wall-Tile Giant

The wall-tile giant encompasses Lanka Tiles PLC (54.5% ownership) and Uni-Dil Packaging (52.9%) whilst having a controlling interest in Horana Plantations PLC with a 27% effective holdings (Through Ceytea Plantations). Furthermore, LWL has an associate interest of 34.6% on Parquet (Ceylon) PLC, which changed its core business to production of Grout and Mortar. LWL recorded a 14% incline to LKR6,444.3 mn in the top line for the...

»»  read more

Kegalle Plantations (KGAL) – Towards a Promising future

Despite the impact from a 40% wage hike, Kegalle Plantations (KGAL.LKR204.80) managed to record an impressive net profit of LKR376.0mn in FY10 (83.4% YoY growth). Favorable market conditions for tea & rubber during the 2nd half of the year and changing the tea and rubber grade mix to suit market conditions contributed to this achievement.At the same time company achieved an overall NSA (Net Sales Average)...

»»  read more

Vallibel One: the growing conglomerate with a Rs.1.2 billion net profit in 2010 and beyond

Vallibel One Limited is a diversified holding company incorporated on 09th June 2010. Prior to the proposed private placement and initial public offering 100% of the shares in issue are held by the business tycoon Dhammika Perera and companies controlled by him. Through its subsidiary companies Vallibel One has made strategic investments...

»»  read more

ODEL seeking for incessant market expansion in Apparels, growing 26% YOY in 3Q in 2010

Background Odel which was established as a private limited company in 1990 by Otara Guawardene has today evolved as a foremost group of companies in Sri Lanka. It recently obtained the listing on Colombo Stock exchange, whilst being the first fashion retailer to go public in Sri Lanka. The IPO was successfully oversubscribed by 63.8 times.Company’s...

»»  read more