By J. Kurukulasuriya
Ceylon Finance Today: Harishchandra Mills PLC, has reported a post tax profit of Rs 68 million for the six months period ended 30 September, an improvement of 10% on the corresponding period a year ago. However, the three preceding months to 30 September, were less profitable than in the 2013 corresponding period.
Group revenue was Rs 1,305 million, up three per cent. The group has three main segments of turnover — Food products, Soap products and Fuel and Lubricants. The largest segment, Food, comprises 58%.
Harishchandra Mills has an extremely strong balance sheet when reserves are compared against the stated capital. Stated capital is only Rs 9.6 million against reserves of Rs 1,030 million. The company has not diluted its share capital for many years. The number of shares in issue is 959,800.
Each share traded at a price of between Rs 2,499 and Rs 2,020 during the quarter. A final dividend of Rs. 35 per ordinary share for the financial year ended 31.03.2014 was paid on 27.09.2014.
Thirugnanasambandar Senthilverl is the major shareholder with 25% of the shares through Seylan Bank PLC. Upeka de Silva is next with 14.95 %, and Sampath Bank PLC/ Thirugnanasambandar Senthilverl holds 13.48%. Director, R.K. Samarasinghe holds 14%.The percentage of public holding is 43%.
The company reported that there were no material events subsequent to the balance sheet date, which require disclosure in the interim financial statements, and the company did not have any contingent liabilities outstanding as at the balance sheet date.
www.ceylontoday.lk
Ceylon Finance Today: Harishchandra Mills PLC, has reported a post tax profit of Rs 68 million for the six months period ended 30 September, an improvement of 10% on the corresponding period a year ago. However, the three preceding months to 30 September, were less profitable than in the 2013 corresponding period.
Group revenue was Rs 1,305 million, up three per cent. The group has three main segments of turnover — Food products, Soap products and Fuel and Lubricants. The largest segment, Food, comprises 58%.
Harishchandra Mills has an extremely strong balance sheet when reserves are compared against the stated capital. Stated capital is only Rs 9.6 million against reserves of Rs 1,030 million. The company has not diluted its share capital for many years. The number of shares in issue is 959,800.
Each share traded at a price of between Rs 2,499 and Rs 2,020 during the quarter. A final dividend of Rs. 35 per ordinary share for the financial year ended 31.03.2014 was paid on 27.09.2014.
Thirugnanasambandar Senthilverl is the major shareholder with 25% of the shares through Seylan Bank PLC. Upeka de Silva is next with 14.95 %, and Sampath Bank PLC/ Thirugnanasambandar Senthilverl holds 13.48%. Director, R.K. Samarasinghe holds 14%.The percentage of public holding is 43%.
The company reported that there were no material events subsequent to the balance sheet date, which require disclosure in the interim financial statements, and the company did not have any contingent liabilities outstanding as at the balance sheet date.
www.ceylontoday.lk
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