CONVENIENCE FOODS
(LANKA) PLC
INTERIM REPORT
FOR THE 1ST QUARTER ENDED,
30th JUNE 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 | |
Bank of Ceylon | ||
Commercial Bank of Ceylon PLC | ||
DATE OF INCORPORATION | Hatton National Bank PLC | |
27th March 1991 | Peoples' Bank | |
Standard Chartered Bank | ||
State Bank of India | ||
REGISTERED OFFICE | ||
Ceylon Biscuits Ltd, | ||
No. 555, High Level Road, | INVESTOR RELATIONS OFFICER | |
Makumbura, Pannipitiya, | Daminda Sampath | |
Sri Lanka. | Manager - Financial Reporting | |
Convenience Foods (Lanka) PLC | ||
damindas.cf@cbllk.com | ||
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 JUNE 2022
Group | Company | |||||
For the 3 Months Ended 30th June | 2022 | 2021 | Change | 2022 | 2021 | Change |
Rs. | Rs. | % | Rs. | Rs. | % | |
Revenue | 1,666,383,944 | 785,666,659 | 112.1 | 1,666,383,944 | 785,666,659 | 112.1 |
Cost of Sales | (1,299,633,246) | (564,432,988) | 130.3 | (1,299,633,246) | (564,432,988) | 130.3 |
Gross Profit | 366,750,698 | 221,233,671 | 65.8 | 366,750,698 | 221,233,671 | 65.8 |
Other Operating Income | 8,269,416 | 10,800,359 | -23.4 | 8,269,416 | 10,800,359 | -23.4 |
Distribution Expenses | (166,581,865) | (109,717,526) | 51.8 | (166,581,865) | (109,717,526) | 51.8 |
Administrative Expenses | (59,500,335) | (41,185,513) | 44.5 | (59,500,335) | (41,185,513) | 44.5 |
Results from Operating Activities | 148,937,914 | 81,130,991 | 83.6 | 148,937,914 | 81,130,991 | 83.6 |
Finance Income | 6,498,292 | 12,928,138 | -49.7 | 6,498,292 | 12,928,138 | -49.7 |
Finance Expenses | (12,739,546) | (1,815,949) | 601.5 | (12,739,546) | (1,815,949) | 601.5 |
Net Finance Income | (6,241,254) | 11,112,190 | -156.2 | (6,241,254) | 11,112,190 | -156.2 |
Profit Before Tax | 142,696,659 | 92,243,180 | 54.7 | 142,696,659 | 92,243,180 | 54.7 |
Income Tax Expenses | (25,117,858) | (16,764,636) | 49.8 | (25,117,858) | (16,764,636) | 49.8 |
Profit for the Period | 117,578,801 | 75,478,544 | 55.8 | 117,578,801 | 75,478,544 | 55.8 |
Other Comprehensive Income
Other Comprehensive Income for the Period | - | - | 0.0 | - | - | 0.0 |
Total Comprehensive Income for the Period | 117,578,801 | 75,478,544 | 55.8 | 117,578,801 | 75,478,544 | 55.8 |
Profit for the Period Attributable to: | ||||||
Owners of the Company | 117,578,801 | 75,478,544 | 55.8 | 117,578,801 | 75,478,544 | 55.8 |
Non-Controlling Interest | - | - | 0.0 | - | - | 0.0 |
Total Profit for the Period | 117,578,801 | 75,478,544 | 55.8 | 117,578,801 | 75,478,544 | 55.8 |
Total Comprehensive Income for the Period | ||||||
Attributable to: | ||||||
Owners of the Company | 117,578,801 | 75,478,544 | 55.8 | 117,578,801 | 75,478,544 | 55.8 |
Non-Controlling Interest | - | - | 0.0 | - | - | 0.0 |
Total Comprehensive Income for the Period | 117,578,801 | 75,478,544 | 55.8 | 117,578,801 | 75,478,544 | 55.8 |
Basic and Diluted Earnings Per Share | 42.76 | 27.45 | 42.76 | 27.45 |
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 CHANGES IN EQUITY
FOR THE PERIOD ENDED 30TH JUNE 2022
Group | Stated | Other | Retained | Total |
Capital | Reserves | Earnings | Equity | |
Rs. | Rs. | Rs. | Rs. | |
Balance as at 1st April 2021 | 52,521,178 | 41,613,945 | 1,619,437,686 | 1,713,572,809 |
Profit for the period | - | - | 75,478,544 | 75,478,544 |
Balance as at 30th June 2021 | 52,521,178 | 41,613,945 | 1,694,916,230 | 1,789,051,353 |
Balance as at 1st April 2022 | 52,521,178 | 41,613,945 | 1,982,289,597 | 2,076,424,720 |
Profit for the period | - | - | 117,578,801 | 117,578,801 |
Other Comprehensive Income for the year | - | - | - | - |
Surcharge Tax paid for the year 2020/21 | - | - | (78,993,130) | (78,993,130) |
Balance as at 30th June 2022 | 52,521,178 | 41,613,945 | 2,020,875,268 | 2,115,010,391 |
Company | Stated | Other | Retained | Total |
Capital | Reserves | Earnings | Equity | |
Rs. | Rs. | Rs. | Rs. | |
Balance as at 1st April 2021 | 52,521,178 | 41,613,945 | 1,620,021,346 | 1,714,156,469 |
Profit for the period | - | - | 75,478,544 | 75,478,544 |
Balance as at 30th June 2021 | 52,521,178 | 41,613,945 | 1,695,499,890 | 1,789,635,013 |
Balance as at 1st April 2022 | 52,521,178 | 41,613,945 | 1,982,289,617 | 2,076,424,740 |
Profit for the period | - | - | 117,578,801 | 117,578,801 |
Other Comprehensive Income for the year | - | - | - | - |
Surcharge Tax paid for the year 2020/21 | - | - | (78,993,130) | (78,993,130) |
Balance as at 30th June 2022 | 52,521,178 | 41,613,945 | 2,020,875,288 | 2,115,010,411 |
The above figures are not audited.
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