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Sri Lanka Equity Forum » Stock Market Talk » PC House 9 month net profit up 99% to Rs. 140.6 m

PC House 9 month net profit up 99% to Rs. 140.6 m

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CSE.SAS

CSE.SAS
Global Moderator
Customer demand for PCH hardware and software significantly increased in the last quarter driving a 33% improvement in the Company’s total revenue to Rs. 2.56 billion in the nine month period compared to the same period last year.

With this impressive run of the market, PCH continues to maintain its leading position in the IT industry.

Along with this performance, PCH’s core services kept going from strength to strength with the Group’s Profit After Tax increasing by 99% to Rs. 140.6 million in nine months which is an increase from Rs. 70.5 million in the previous year.

This is indicative of the prevailing booming economic conditions having an overall positive impact in the country. PCH was able to leverage on its reach throughout the country as well as its long-standing well-established relations with its worldwide supplier base to provide their very rapidly expanding customer base with all their IT needs at very competitive prices.

Chairman S.H.M. Rishan said: “We continue to strengthen our portfolio at an aggressive pace with the addition of our new products and ventures. This quarter’s results are a strong reflection of the progress we’ve made, and we remain much focused on delivering the best possible solutions and services to meet our customers’ needs.”

Meanwhile, the company’s period over period Profits from Operating Activities increased 19% from Rs. 258.1 million to Rs. 307.2 million and PCH’s total operating expenses increased by 26% to Rs. 224.8 million during the same period. This quantum of increase in expenses reflects the added overheads supporting the increased distribution network, which will be the launching pad for future expansion in sales, and hence a necessary outlay in the current year. In keeping with the President’s initiative to turn Hambantota into the next economic hub, PCH opened one more branch in that city bringing the total branches opened in this financial year to four with plans to open two more branches in Galle and Batticoloa in the 4th quarter.
“We are very pleased with our Q3 performance, which included our highest-ever quarterly sales and strong year-over-year growth in both sales and operating income,” said Sarath Wikramanayake, PCH Director. “All of our retail product categories contributed to our sales growth. In addition, the foundation has now been laid for our two subsidiaries to contribute significantly in the very near future.”

During the past quarter, the company achieved several other major milestones. The launch of the “PCH 9 to 9” IT supermarket is an innovative concept geared for IT shoppers who look for convenience and affordability. Also new to the company’s portfolio is the newest Mobile Telecom Division which introduced the dual SIM mobile brand “Karbonn Mobile” to Sri Lanka.

Adding value to the Company profile is the recruitment of several high profile professionals to head the expanding divisions. Deepthie Wickramasuriya joined the company as COO of PCH’s new subsidiary, Procifinity Limited which will be responsible for PCH’s KPO/ BPO business, set to launch in the 4th quarter. Failan Saleem, a leading Marketing professional, heads the Mobile Telecom Division and Suran Fonseka joined as CEO of Greenwich Lanka (Private) Ltd., PCH’s other subsidiary responsible for providing solutions to predominantly corporate customers. PCH has reorganised Greenwich Lanka (Private) Ltd. in recent times and has taken on more professional staff to position it to take advantage of the growing IT services market in the country.

PCH is the new corporate brand identity for PC House PLC which was recently listed on the Colombo Stock Exchange.

The new brand identity reflects the change from a family owned business to a public company with a vision to be the benchmark for ICT in Sri Lanka.

PC House was incorporated as a limited liability company in the year 2000, after having commenced business in 1997 and became PCH PLC. Its Board of Directors consists of S.H.M. Rishan, Mangala Boyagoda, Sarath Wikramanayake, Modarage Thilakasiri, Shanti Kumar Nadarajah, Kuvera de Zoysa and Sharmila Rishan.

http://www.ft.lk/2011/02/08/pc-house-9-month-net-profit-up-99-to-rs-140-6-m/

madu1977


Equity Analytic
Equity Analytic
Dear pandith,
yours day dream may be null & void Evil or Very Mad confused affraid last year TFC EPS negative Rs.100 end of latest report its came down to negative Rs.31 but TFC trading around 40 to 50 level why dont you talking about EPS of TFC. albino cherry ''pandithayani edande yanna baha wage neda...? lol!

sampath2009

sampath2009
Stock Analytic
Stock Analytic
@madu1977 wrote:Dear pandith,
yours day dream may be null & void Evil or Very Mad confused affraid last year TFC EPS negative Rs.100 end of latest report its came down to negative Rs.31 but TFC trading around 40 to 50 level why dont you talking about EPS of TFC. albino cherry ''pandithayani edande yanna baha wage neda...? lol!

@ Madu 1977,

You are using my own words. I am the original writer of "pandithayani edande yanna baha wage" against Mr. Rajitha in FB Forum. Buddimaya Depala Panatha Kadanna epa. Ok ? ( In same discussion abt PCH) Razz

I don't care people who against PCH and PCH's value. Its like " Nariya Midi thiththai Kiwwa wage." Look at the potential and growing pattern in IT sector. Day by Day PCH Rise from Ashes. And also they mentioned all the IPO money invested as they promised.

Top 20 Shareholders as at 31st December 2010
Shareholder's Name No of % Holding

SAHEEDUL HIJIRY MOHAMED RISHAN 154,530,000 67.5%
SITHY SHARMILA RISHAN 17,170,000 7.5%
THIRUGNANASAMBANDAR SENTHILVERL 14,997,100 6.6%
DEVI HOLDING (PVT) LTD 2,250,000 1.0%
SRI LANKA INSURANCE CORPORATION LTD 1,812,300 0.8%
FERGASAM GARMENT INDUSTRIES (PVT) LTD. 907,000 0.4%
TERUNI MARIA WIKRAMANAYAKE 750,000 0.3%
TIMEX (GARMENTS) LTD 701,600 0.3%
SEYLAN BANK PLC/JAYANTHA DEWAGE 700,000 0.3%
MOHAMED NIZAM SINGA LAXANA 682,900 0.3%
LASINEE SRIYANTHIE AMALA SERESINHE 581,600 0.3%
LORRAINE ESTELLE MARLENE YASEEN 571,000 0.2%
ELGIN INVESTMENTS LIMITED 500,000 0.2%
DINESH NAGENDRA SELLAMUTTU 500,000 0.2%
DAVID KOTTHOFF 450,000 0.2%
SELLATHURAI PRABAGAR 400,000 0.2%
MERCHANT BANK OF SRI LANKA LTD A/C NO 1 400,000 0.2%
MICHAEL KEITH DE VOS 400,000 0.2%
EMPLOYEES PROVIDENT FUND 363,800 0.2%
EMPLOYEES TRUST FUND BOARD 363,800 0.2%

Total number of shares of the company is 228,933,334. So 1% of the shares would be 2,289,333 (228,933,334/100). So when you look at this list 86.8% is holding these people. Only 13.2% among us. that would be around 30,219,196 shares. From that 13.2% following directors are holding following qty (not a big amount, but some amount).

Mr. M A Ikram (Alternate Director to Mrs S S Rishan) Alternate Director 14,500
Mr E M Mangala Boyagoda Director 16,800
Mr D Sarath P Wikramanayake Director 83,800
Mr E Kuvera I de Zoysa Independent Director 13,200
Mr Shanti K Nadarajah Independent Director 2,500

And also look at the Top 20 Shareholders as at 30th September 2010

Shareholder's Name No of % Holding

SAHEEDUL HIJIRY MOHAMED RISHAN 154,530,000 67.5%
SITHY SHARMILA RISHAN 17,170,000 7.5%
HERAYMILA INVESTMENTS LIMITED 9,700,034 4.2%
DEVI HOLDING (PVT) LTD 2,250,000 1.0%
SRI LANKA INSURANCE CORPORATION LTD 1,812,300 0.8%
KHAN M.A 1,649,300 0.7%
SENTHILVERL T Dr 1,229,000 0.5%
ELGIN INVESTMENTS LIMITED 1,024,300 0.4%
FERGASAM GARMENT INDUSTRIES (PVT) LTD. 907,000 0.4%
WIKRAMANAYAKE T M Mrs 750,000 0.3%
TIMEX (GARMENTS) LTD 701,600 0.3%
SEYLAN BANK PLC/JAYANTHA DEWAGE 700,000 0.3%
SANDWAVE LIMITED 600,000 0.3%
YASEEN L E M Mrs 561,000 0.2%
SELLAMUTTU D N 500,000 0.2%
MERCHANT BANK OF SRI LANKA LTD A/C NO 1 400,000 0.2%
J.B. COCOSHELL (PVT) LTD 400,000 0.2%
CONFIFI MANAGEMENT SERVICES LTD 363,800 0.2%
EMPLOYEES TRUST FUND BOARD 363,800 0.2%
EMPLOYEES PROVIDENT FUND 363,800 0.2%

Few people changed during the last 3 months and SENTHILVERL T Dr increased his stake from 0.5% to 6.6%. I think he has bought HERAYMILA INVESTMENTS LIMITED 9,700,034 4.2%, KHAN M.A 1,649,300 0.7% and some other 2-3 stakes during last 3 months.

Guys, wait & see, PCH will gear-up asap !

4PC House 9 month net profit up 99% to Rs. 140.6 m Empty PCH is back on Tue Feb 08, 2011 9:52 am

marketsee

marketsee
Manager - Equity Analytics
Manager - Equity Analytics
can see some green today

5PC House 9 month net profit up 99% to Rs. 140.6 m Empty PCH is back on Tue Feb 08, 2011 10:34 am

mingo23

mingo23
Equity Analytic
Equity Analytic
Ah! Shocked

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
sampath, very smart analysis. you must make many millions with this type of analysis.

I am sure PCH will turn around. but i want to know when this will become a 40 baggar. we are all waiting for you to guide us sampath. please contribute more.

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@mono wrote:sampath, very smart analysis. you must make many millions with this type of analysis.

I am sure PCH will turn around. but i want to know when this will become a 40 baggar. we are all waiting for you to guide us sampath. please contribute more.

අනේ සම්පත් පුතේ scratch scratch scratch scratch scratch scratch scratch scratch !!!
market watch ගේ පව් කර ගහ ගන්න එපා සම්පත් පුතේ ! Embarassed

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@mono wrote:sampath, very smart analysis. you must make many millions with this type of analysis.

I am sure PCH will turn around. but i want to know when this will become a 40 baggar. we are all waiting for you to guide us sampath. please contribute more.

Hi Mono

When u look it financial. the bottom line is increased only because of reducing its finance cost from 152Mn to 94 Mn ( that reflected long term loan settled by right issue. I did not see any massive improvements in operation... only 19% has increased... However the future demand depends on its growth in its operation..

Happy Trading..

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