Corporate results update

Nestle Lanka (NEST) reported a net profit of Rs.976m for 2Q2014 (+24% YoY), resulting in a net profit of Rs.2,079m for 1H2014 (+22% YoY)

Commercial Development Company (COMD) reported a net profit of Rs.31m for 2Q2014 (+11% YoY), resulting in a net profit of Rs.52m for 1H2014 (+2% YoY)

Access Engineering (AEL) reported a net profit of Rs.545m for 1Q15 (down 2% YoY)
Serendib Hotels (SHOT) reported a net loss of -Rs.0.7m for 1Q15 (vs. a net loss of -Rs.65m for 1Q14)

Dolphin Hotels (STAF) reported a net profit of Rs.16m for 1Q15 (vs. a net loss of -Rs.19m for 1Q14)

Sathosa Motors (SMOT) reported a net profit of Rs.36m for 1Q15 (down 26% YoY) 

CIC Holdings (CIC) reported a net profit of Rs.156m for 1Q15 (vs. a net loss of -Rs.75m for 1Q14)

HNB Assurance (HASU) reported a net profit of Rs.54m for 2Q2014 (down 1% YoY), resulting in a net profit of Rs.108m for 1H2014 (up 3% YoY)
Source: CT CLSA Securities
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