CONVENIENCE FOODS
(LANKA) PLC
INTERIM REPORT
FOR THE 2ND QUARTER ENDED,
30TH SEPTEMBER 2022
Interim Report | Convenience Foods (Lanka) PLC
CORPORATE INFORMATION
NAME OF THE COMPANY | SECRETARIES & REGISTRARS | |
Convenience Foods (Lanka) PLC - PQ 164 | P W Corporate Secretarial (Pvt) Ltd. | |
No.3/17, Kynsey Road, | ||
Colombo 08. | ||
LEGAL FORM & LISTING | ||
A Public Limited Company listed on the | ||
Colombo Stock Exchange. | BANKERS | |
Hatton National Bank PLC | ||
Commercial Bank of Ceylon PLC | ||
DATE OF INCORPORATION | Peoples Bank | |
27th March 1991 | DFCC Bank PLC | |
State Bank of India | ||
Standard Chartered Bank | ||
REGISTERED OFFICE | Sampath Bank PLC | |
Ceylon Biscuits Ltd, | Nation Trust Bank | |
No. 555, High Level Road, | ||
Makumbura, Pannipitiya, | ||
Sri Lanka. | ||
BUSINESS ACTIVITY | ||
Manufacture and Marketing of Textured Vegetable | ||
Protein (TVP), Culinary and other Food Products. | ||
DIRECTORS OF THE COMPANY | ||
Mr. R.S. Wickramasingha | - Chairman | |
Mr. E.T. De Zoysa - Managing Director | ||
Ms. D.S. Wickramasingha | - Director | |
Ms. N.K. Wickramasingha | - Director |
Mr. L.J.M. De Silva - Director
Mr. M.U.S.G. Thilakawardana - Director
Dr. D.M.A. Kulasooriya - Director
Mr. M.S. Nanayakkara - Director
AUDITORS
KPMG Sri Lanka
Chartered Accountants,
32A, Sir Mohomad Macan Markar Mawatha,
Colombo 3, Sri Lanka.
Page 2
Interim Report | Convenience Foods (Lanka) PLC
CONVENIENCE FOODS (LANKA) PLC
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 30TH SEPTEMBER 2022
Group | Company | ||||||
For the 03 Months Ended 30th September | 2022 | 2021 | Variance | 2022 | 2021 | Variance | |
Rs. | Rs. | % | Rs. | Rs. | % | ||
Revenue | 2,200,735,981 | 1,251,033,788 | 75.9% | 2,200,735,981 | 1,251,033,788 | 75.9% | |
Cost of Sales | (1,624,825,540) | (947,974,881) | 71.4% | (1,624,825,540) | (947,974,881) | 71.4% | |
Gross Profit | 575,910,441 | 303,058,907 | 90.0% | 575,910,441 | 303,058,907 | 90.0% | |
Other Operating Income | 9,952,602 | 7,415,529 | 34.2% | 9,952,602 | 7,415,529 | 34.2% | |
- | - | ||||||
Distribution Expenses | (171,083,781) | (134,385,929) | 27.3% | (171,083,781) | (134,385,929) | 27.3% | |
Administrative Expenses | (68,204,628) | (42,252,699) | 61.4% | (68,204,628) | (42,252,699) | 61.4% | |
Results from Operating Activities | 346,574,635 | 133,835,808 | 159.0% | 346,574,635 | 133,835,808 | 159.0% | |
Finance Income | 8,664,131 | 9,470,968 | -8.5% | 8,664,131 | 9,470,968 | -8.5% | |
Finance Expenses | (72,160,169) | (1,194,129) | 5942.9% | (72,160,169) | (1,194,129) | 5942.9% | |
Net Finance Income | (63,496,037) | 8,276,839 | -867.2% | (63,496,037) | 8,276,839 | -867.2% | |
Profit Before Tax | 283,078,597 | 142,112,647 | 99.2% | 283,078,597 | 142,112,647 | 99.2% | |
Income Tax Expenses | (52,861,860) | (27,282,561) | 93.8% | (52,861,860) | (27,282,561) | 93.8% | |
Profit for the Period | 230,216,737 | 114,830,086 | 100.5% | 230,216,737 | 114,830,086 | 100.5% | |
Other Comprehensive Income | |||||||
Items that will not be reclassified to profit or loss: | |||||||
Re-measurement component of defined benefit | |||||||
plan | - | - | - | - | - | - | |
Other Comprehensive Income for the Period | - | - | - | - | - | - | |
Total Comprehensive Income for the Period | 230,216,737 | 114,830,086 | 100.5% | 230,216,737 | 114,830,086 | 100.5% | |
Profit for the Period Attributable to: | |||||||
Owners of the Company | 230,216,737 | 114,830,086 | 100.5% | 230,216,737 | 114,830,086 | 100.5% | |
Non-Controlling Interest | - | - | - | - | - | - | |
Total Profit for the Period | 230,216,737 | 114,830,086 | 100.5% | 230,216,737 | 114,830,086 | 100.5% | |
Total Comprehensive Income for the Period | |||||||
Attributable to: | - | - | |||||
Owners of the Company | 230,216,737 | 114,830,086 | 100.5% | 230,216,737 | 114,830,086 | 100.5% | |
Non-Controlling Interest | - | - | - | - | - | - | |
Total Comprehensive Income for the Period | 230,216,737 | 114,830,086 | 100.5% | 230,216,737 | 114,830,086 | 100.5% | |
Basic and Diluted Earnings Per Share | 83.72 | 41.76 | 83.72 | 41.76 |
Figures in brackets indicate deductions.
The above figures are not audited.
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Interim Report | Convenience Foods (Lanka) PLC
CONVENIENCE FOODS (LANKA) PLC
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 30TH SEPTEMBER 2022
Group | Company | ||||||
For the 06 Months Ended 30th September | 2022 | 2021 | Variance | 2022 | 2021 | Variance | |
Rs. | Rs. | % | Rs. | Rs. | % | ||
Revenue | 3,867,119,925 | 2,036,700,447 | 89.9% | 3,867,119,925 | 2,036,700,447 | 89.9% | |
Cost of Sales | (2,924,458,786) | (1,504,599,680) | 94.4% | (2,924,458,786) | (1,504,599,680) | 94.4% | |
Gross Profit | 942,661,138 | 532,100,767 | 77.2% | 942,661,138 | 532,100,767 | 77.2% | |
Other Operating Income | 18,222,018 | 11,091,197 | 64.3% | 18,222,018 | 11,091,197 | 64.3% | |
- | - | ||||||
Distribution Expenses | (337,665,646) | (244,029,808) | 38.4% | (337,665,646) | (244,029,808) | 38.4% | |
Administrative Expenses | (127,704,963) | (84,195,358) | 51.7% | (127,704,963) | (84,195,358) | 51.7% | |
Results from Operating Activities | 495,512,548 | 214,966,798 | 130.5% | 495,512,548 | 214,966,798 | 130.5% | |
Finance Income | 15,162,423 | 22,399,106 | -32.3% | 15,162,423 | 22,399,106 | -32.3% | |
Finance Expenses | (84,899,715) | (3,010,078) | 2720.5% | (84,899,715) | (3,010,078) | 2720.5% | |
Net Finance Income | (69,737,292) | 19,389,029 | -459.7% | (69,737,292) | 19,389,029 | -459.7% | |
Profit Before Tax | 425,775,256 | 234,355,827 | 81.7% | 425,775,256 | 234,355,827 | 81.7% | |
Income Tax Expenses | (77,979,718) | (44,047,198) | 77.0% | (77,979,718) | (44,047,198) | 77.0% | |
Profit for the Period | 347,795,538 | 190,308,629 | 82.8% | 347,795,538 | 190,308,629 | 82.8% | |
Other Comprehensive Income | |||||||
Items that will not be reclassified to profit or loss: | |||||||
Re-measurement component of defined benefit | |||||||
plan | - | - | - | - | - | - | |
Other Comprehensive Income for the Period | - | - | - | - | - | - | |
Total Comprehensive Income for the Period | 347,795,538 | 190,308,629 | 82.8% | 347,795,538 | 190,308,629 | 82.8% | |
Profit for the Period Attributable to: | |||||||
Owners of the Company | 347,795,538 | 190,308,629 | 82.8% | 347,795,538 | 190,308,629 | 82.8% | |
Non-Controlling Interest | - | - | - | - | - | - | |
Total Profit for the Period | 347,795,538 | 190,308,629 | 82.8% | 347,795,538 | 190,308,629 | 82.8% | |
Total Comprehensive Income for the Period | |||||||
Attributable to: | - | - | |||||
Owners of the Company | 347,795,538 | 190,308,629 | 82.8% | 347,795,538 | 190,308,629 | 82.8% | |
Non-Controlling Interest | - | - | - | - | - | - | |
Total Comprehensive Income for the Period | 347,795,538 | 190,308,629 | 82.8% | 347,795,538 | 190,308,629 | 82.8% | |
Basic and Diluted Earnings Per Share | 126.47 | 69.20 | 126.47 | 69.20 | |||
Figures in brackets indicate deductions.
The above figures are not audited.
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