By J. Kurukulasuriya
Ceylon FT: Renuka Holdings PLC’s revenue hit a record high of Rs 7.2 billion for the financial year ended 31 March 2014, and unaudited profits were up 44 % - Rs 397 million as compared to Rs 275 million in 2013.
The total external sales were Rs 7,153 million for the year, and new segments were included in the accounts for better presentation. The major segment was Agri Food - 33%, followed by Consumer Goods -32%, Dairy -18%, Automotive -16%, and Investment and Services, less than 1%.
“The agri-food sector continued to be a key contributor in revenue as well as profitability, and the dairy sector managed to increase its turnover” reports the Executive Director, Shamindra Rajiyah, in his report on the accounts.
During the period, Renuka Agri Foods PLC disposed its 100% owned subsidiary Renuka Teas (Ceylon) (Pvt) Ltd., to Renuka Shaw Wallace PLC for a consideration of Rs 96,875,000. The initiatives taken for the purchase of its own shares by Renuka Developments Ltd., was withheld and Renuka Organics (Pvt) Ltd., has disposed 50% stake in Renuka Developments Ltd., to Renuka Shaw Wallace PLC for a consideration of Rs 450,000,000.The company’s fully owned subsidiary Renuka Consumer Foods Ltd., has sold 21.12% of the stake in Shaw Wallace Ceylon Ltd., to Eagle View Management Limited for a consideration of Rs 211,209,261 and further 21.12% of the stake in Shaw Wallace Ceylon Ltd., has been sold to CJ Patel and Company Limited for a consideration of Rs 211,209,251.
Renuka Organics (Pvt) Ltd., redeemed 2,500,000 debentures issued to Renuka Agri Foods PLC. Renuka Consumer Foods Ltd., redeemed 6,900,000 debentures issued to Renuka Shaw Wallace PLC during the financial year.
The stated capital of the group is Rs 175 million with healthy accumulated reserves of Rs 2,268 million. The stated capital consists of 44,517,313 voting and 6,428,415 non-voting shares. The ordinary shares traded between Rs 35 and Rs 28.50 and non-voting shares between Rs 20.50 and Rs 24.90.
The major shareholder is Renuka Group Ltd (51%), The NSB holds 6%, and Insurance Corporation 5%. Dr. S.R. Rajiyah & Mrs. I.R. Rajiyah (Jointly) hold 5%.
The percentage of ordinary shares held by the public as at 31March 2014 was 42.94% and non-voting was 94.61%.
www.ceylontoday.lk
Ceylon FT: Renuka Holdings PLC’s revenue hit a record high of Rs 7.2 billion for the financial year ended 31 March 2014, and unaudited profits were up 44 % - Rs 397 million as compared to Rs 275 million in 2013.
The total external sales were Rs 7,153 million for the year, and new segments were included in the accounts for better presentation. The major segment was Agri Food - 33%, followed by Consumer Goods -32%, Dairy -18%, Automotive -16%, and Investment and Services, less than 1%.
“The agri-food sector continued to be a key contributor in revenue as well as profitability, and the dairy sector managed to increase its turnover” reports the Executive Director, Shamindra Rajiyah, in his report on the accounts.
During the period, Renuka Agri Foods PLC disposed its 100% owned subsidiary Renuka Teas (Ceylon) (Pvt) Ltd., to Renuka Shaw Wallace PLC for a consideration of Rs 96,875,000. The initiatives taken for the purchase of its own shares by Renuka Developments Ltd., was withheld and Renuka Organics (Pvt) Ltd., has disposed 50% stake in Renuka Developments Ltd., to Renuka Shaw Wallace PLC for a consideration of Rs 450,000,000.The company’s fully owned subsidiary Renuka Consumer Foods Ltd., has sold 21.12% of the stake in Shaw Wallace Ceylon Ltd., to Eagle View Management Limited for a consideration of Rs 211,209,261 and further 21.12% of the stake in Shaw Wallace Ceylon Ltd., has been sold to CJ Patel and Company Limited for a consideration of Rs 211,209,251.
Renuka Organics (Pvt) Ltd., redeemed 2,500,000 debentures issued to Renuka Agri Foods PLC. Renuka Consumer Foods Ltd., redeemed 6,900,000 debentures issued to Renuka Shaw Wallace PLC during the financial year.
The stated capital of the group is Rs 175 million with healthy accumulated reserves of Rs 2,268 million. The stated capital consists of 44,517,313 voting and 6,428,415 non-voting shares. The ordinary shares traded between Rs 35 and Rs 28.50 and non-voting shares between Rs 20.50 and Rs 24.90.
The major shareholder is Renuka Group Ltd (51%), The NSB holds 6%, and Insurance Corporation 5%. Dr. S.R. Rajiyah & Mrs. I.R. Rajiyah (Jointly) hold 5%.
The percentage of ordinary shares held by the public as at 31March 2014 was 42.94% and non-voting was 94.61%.
www.ceylontoday.lk
No comments:
Post a Comment