Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» BFN බොරු සෙලින් දාලා කොහොම හරි 11 වගේ ගානට 500000 එකතු කරගන්න කියලා අර 14 ට ලක්ශයක් සෙලින් දැම්මේ මේ ටේලර් මහත්තයාම තමයි
by sanjulanka Today at 12:48 pm

» Central bank Issue
by Uaecoindubai Today at 12:41 pm

» Buy When There's Blood in the Streets
by Uaecoindubai Today at 12:20 pm

» 8 Finance companaies to be closed very soon
by Uaecoindubai Today at 12:17 pm

» Please DON'T SELL IN PANIC, BUY, ONLY A SMALL INCIDENT, IT'S COMPLETELY OVER!!!!!
by Uaecoindubai Today at 12:14 pm

» Market will test 4700
by Uaecoindubai Today at 12:08 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Today at 11:01 am

» HOTEL INDUSTRY
by Yahapalanaya Yesterday at 10:23 pm

» Look PAP Amazing company
by dmtmadusanka Yesterday at 4:15 pm

» Commencement of Trading at CSE
by Uaecoindubai Yesterday at 3:58 pm

» Good news from JKH : Will this be the market mover ?
by gjooos Yesterday at 1:06 pm

» whats the purpose of Bomb blasts?
by sanjulanka Yesterday at 9:11 am

» Best Free forex signals provider
by Uaecoindubai Sun Apr 21, 2019 3:24 pm

» Chairmam of Sanasa arrested over suspicion of misappropriation of funds
by hammurabi Sun Apr 21, 2019 9:36 am

» Sri Lanka Kattadiyalage Wegapitiya tries to manipulate Household Gas prices in Gas market, Wegapitiya lead LAUGFS Gas in a secret Deal to Bankrupt Government's Litro Gas by affecting 1.3 Million Households and 5 million people in the country
by Uaecoindubai Sat Apr 20, 2019 2:55 pm

» Economic Health of Sri Lanka
by Uaecoindubai Sat Apr 20, 2019 2:30 pm

» What is going on with TFC.N0000
by Uaecoindubai Sat Apr 20, 2019 2:30 pm

» REEF possible run.
by hammurabi Sat Apr 20, 2019 6:50 am

» EAST INTERESTING DAYS AHEAD 25+
by glad Fri Apr 19, 2019 10:40 am

» Weekly Stock Market Roundup
by Insights Equity Fri Apr 19, 2019 8:35 am

» Would CIC make an upward move in the coming weeks?
by hammurabi Fri Apr 19, 2019 12:39 am

» Daily Stock Market Update
by Insights Equity Thu Apr 18, 2019 6:17 pm

» SME M&A opportunity
by raheem72@gmail.com Thu Apr 18, 2019 1:21 pm

» Sri Lanka Hilton Hotels Must Investigate or Oust Unfit and Improper - Kashmi App Bankrupted Sanjiv Alles who hides about his Career in Kashmi for Colombo Hilton Hotel Director Profile
by AmalHoole Thu Apr 18, 2019 12:47 pm

» Why ALHP is having a huge demand despite consecutive losses?
by wisdom79 Thu Apr 18, 2019 11:03 am

» TIME TO LOOK AEL
by sanjulanka Wed Apr 17, 2019 6:42 pm

» HEXP next run up to 120-130
by nishjaya Wed Apr 17, 2019 12:21 pm

» Cabinet nod for Colombo Stock Exchange to be converted to a company limited by shares
by glad Wed Apr 17, 2019 9:30 am

» Lanka Bell to be acquired by Mobitel - Sources
by soileconomy Wed Apr 17, 2019 7:07 am

» Sri Lanka Watapota (WAPO) Guardian Capital lose Rs. 10 Mn of Funds because of Kashmi App Closed down, Kashmi Co-Founder Bankrupt Sanjiv Alles now landed on Hilton Colombo Director Board owned by Yahapalana Government
by AmalHoole Tue Apr 16, 2019 3:17 pm

» සුභ අලුත් අවුරුද්දක් වේවා.
by sanjulanka Mon Apr 15, 2019 12:38 pm

» I bought PCHH.N and SING.N sometimes back?
by hammurabi Mon Apr 15, 2019 12:14 pm

» Highest temperature hike after 128 years in sri lanka
by nimantha80 Sun Apr 14, 2019 4:47 pm

» DEBTS FREE AAIC MUST MOVE UP,3.36BN FROFIT, MARCH Q 1.00BN
by wisdom79 Sun Apr 14, 2019 8:15 am

» VONE , is it time to sell or holds
by Uaecoindubai Sat Apr 13, 2019 1:27 pm

» HVA WILL THEY RECTIFY THE REGULATORS QUARIES BEFORE DEAD LINE?
by nimantha80 Fri Apr 12, 2019 3:12 pm

» NDB Leasing Centers open at Gampaha, Negombo
by Uaecoindubai Thu Apr 11, 2019 8:17 pm

» I met Karuna Today.
by Uaecoindubai Thu Apr 11, 2019 8:15 pm

» Look APLA its trending to 98LKR
by Uaecoindubai Thu Apr 11, 2019 8:13 pm

» ROYAL CERAMIC (RCL)
by Yahapalanaya Thu Apr 11, 2019 8:11 pm

» Look BPPL company
by Uaecoindubai Thu Apr 11, 2019 10:10 am

» PABC.N0000 ? Will come down to Rs. 11 - 12 level?
by Uaecoindubai Wed Apr 10, 2019 5:13 pm

» Any news on MBSL.N0000
by Uaecoindubai Wed Apr 10, 2019 4:56 pm

» New NDB Privilege Banking and Leasing Centres open in Kurunegala
by Soilconomy Wed Apr 10, 2019 11:30 am

» TIME TO WATCH - LOFC - BFN
by Uaecoindubai Wed Apr 10, 2019 11:20 am

» ශ්‍රිලංකාවේ ණය බරතාවය. Sri Lanka's Debt Trap
by soileconomy Wed Apr 10, 2019 7:28 am

» 2019 revised traffic fines
by Uaecoindubai Tue Apr 09, 2019 12:47 pm

» LLUB Surprise
by hammurabi Mon Apr 08, 2019 9:29 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Keells Foods net profit grows 34-pct in June quarter, revenues up

Keells Foods net profit grows 34-pct in June quarter, revenues up

Go down  Message [Page 1 of 1]

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
If one goes by the the 1st, June Quarter Results filed with CSE, which is Keels Food Products, we may see improved corporate performance in the quarter ending 30th June 2018.


ECONOMYNEXT - Sri Lanka's Keells Food Products said profits grew 34 percent from a year earlier to 56.3 million rupees in the June 2018 quarter on expanding sales of processed meats to households.
Keells Food reported earnings of 2.21 rupees a share in the quarter,  interim results filed with the Colombo Stock Exchange showed.
The share last traded at 130.50 rupees.
In the June quarter revenues grew 10 percent from a year earlier to 801 million rupees and cost of sales grew at a slower 8 percent to 574.5 million rupees which saw gross profits increase by 15 percent to 226.5 million rupees.
A recovery was seen from the March quarter when revenues grew 8 percent, when full year growth to end March was only 02 percent to 3.1 billion rupees and profits fell 11 percent to 244 million rupees, accounts showed.
The company makes bulk sales to restaurants and hotels and also sells to households through supermarkets and retails shops, where household sales grew faster last year, Chairman Susanthe Ratnayake said.
Keells Foods had started to cater to evolving lifestyles by offering ready-to-eat products which were more convenient.
"Evolving consumer lifestyles have led to growing demand for convenience and nutrition, with consumer demand evident for single serve, easy-to-prepare and easy to take-away products that offer nutrition and value-for-money," Ratnayake said in the annual report.
"In anticipation of these growing trends, the company launched its first ready-to-eat range of products with a focus on value-for-money convenience meal offering."
More products catering to health conscious consumers are in the pipeline.
"The expansion of its portfolio towards the lifestyle trends of convenience foods and a more health conscious consumer, capitalising on the growing need for main meal opportunities, remains a near term priority," Ratnayake said.
"A pipeline of products are currently under development and will be launched based on further validation of customer and marketing insights."
In the June 2018 quarter, finance costs fell 64 percent from a year earlier to 918,000 rupees in the June quarter, down from 2.58 million rupees a year earlier. Finance income fell 9 percent to 5 million rupees during the period.
Interest bearing borrowings fell 37.6 percent from the previous quarter to 20.9 million rupees.
Selling and distribution expenses grew 18 percent to 87.5 million rupees while administration expenses fell 4 percent to 41.2 million rupees.
Other operating expenses fell 2 percent to 21.7 million rupees.
The company has over 180 processed meat products under the Keells, Krest and Elephant House brands distributed over 21 thousand outlets island-wide. (COLOMBO, 19 July 2018

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum