CONVENIENCE FOODS
(LANKA) PLC
INTERIM REPORT
FOR THE 3RD QUARTER ENDED,
31ST DECEMBER 2021
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 | DFCC Bank PLC |
27th March 1991 | Hatton National Bank PLC |
National Development Bank of Sri Lanka | |
Peoples Bank | |
REGISTERED OFFICE | Standard Chartered Bank |
Ceylon Biscuits Ltd, | State Bank of India |
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 31ST DECEMBER 2021
Group | Company | |||||
For the 09 Months Ended 31st December | 2021 | 2020 | Variance | 2021 | 2020 | Variance |
Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | |
Revenue | 3,360,924,220 | 2,343,891,346 | 1,017,032,874 | 3,360,924,220 | 2,343,891,346 | 1,017,032,874 |
Cost of Sales | (2,525,714,247) | (1,492,388,736) | (1,033,325,511) | (2,525,714,247) | (1,492,388,736) | (1,033,325,511) |
- | ||||||
Gross Profit | 835,209,973 | 851,502,610 | (16,292,637) | 835,209,973 | 851,502,610 | (16,292,637) |
Other Operating Income | 16,548,033 | 16,660,314 | (112,281) | 16,548,033 | 16,660,314 | (112,281) |
Distribution Expenses | (386,977,991) | (303,343,203) | (83,634,788) | (386,977,991) | (303,343,203) | (83,634,788) |
Administrative Expenses | (139,527,935) | (134,967,068) | (4,560,867) | (139,527,935) | (134,967,068) | (4,560,867) |
Results from Operating Activities | 325,252,080 | 429,852,653 | (104,600,573) | 325,252,080 | 429,852,653 | (104,600,573) |
Finance Income | 31,733,600 | 47,705,712 | (15,972,112) | 31,733,600 | 47,705,712 | (15,972,112) |
Finance Expenses | (4,978,536) | (1,836,099) | (3,142,437) | (4,978,536) | (1,836,099) | (3,142,437) |
Net Finance Income | 26,755,064 | 45,869,613 | (19,114,549) | 26,755,064 | 45,869,613 | (19,114,549) |
Profit Before Tax | 352,007,144 | 475,722,267 | (123,715,122) | 352,007,144 | 475,722,267 | (123,715,122) |
Income Tax Expenses | (67,812,772) | (83,329,794) | 15,517,023 | (67,812,772) | (83,329,794) | 15,517,023 |
Profit for the Period | 284,194,373 | 392,392,472 | (108,198,100) | 284,194,373 | 392,392,472 | (108,198,100) |
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 | 284,194,373 | 392,392,472 | (108,198,100) | 284,194,373 | 392,392,472 | (108,198,100) |
Profit for the Period Attributable to: | ||||||
Owners of the Company | 284,194,373 | 392,392,472 | (108,198,100) | 284,194,373 | 392,392,472 | (108,198,100) |
Non-Controlling Interest | - | - | - | - | - | - |
Total Profit for the Period | 284,194,373 | 392,392,472 | (108,198,100) | 284,194,373 | 392,392,472 | (108,198,100) |
Total Comprehensive Income for the Period | ||||||
Attributable to: | ||||||
Owners of the Company | 284,194,373 | 392,392,472 | (108,198,100) | 284,194,373 | 392,392,472 | (108,198,100) |
Non-Controlling Interest | - | - | - | - | - | - |
Total Comprehensive Income for the Period | 284,194,373 | 392,392,472 | (108,198,100) | 284,194,373 | 392,392,472 | (108,198,100) |
Basic and Diluted Earnings Per Share | 103.34 | 142.69 | 103.34 | 142.69 |
Figures in brackets indicate deductions.
The above figures are not audited.
Page 3
Interim Report | Convenience Foods (Lanka) PLC
CONVENIENCE FOODS (LANKA) PLC
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31ST DECEMBER 2021
Group | Company | |||||
For the 03 Months Ended 31st December | 2021 | 2020 | Variance | 2021 | 2020 | Variance |
Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | |
Revenue | 1,324,223,773 | 916,436,774 | 407,786,999 | 1,324,223,773 | 916,436,774 | 407,786,999 |
Cost of Sales | (1,021,114,568) | (578,767,983) | (442,346,584) | (1,021,114,568) | (578,767,983) | (442,346,584) |
Gross Profit | 303,109,205 | 337,668,790 | (34,559,585) | 303,109,205 | 337,668,790 | (34,559,585) |
Other Operating Income | 5,456,836 | 3,320,895 | 2,135,941 | 5,456,836 | 3,320,895 | 2,135,941 |
- | - | |||||
Distribution Expenses | (142,948,183) | (119,818,371) | (23,129,812) | (142,948,183) | (119,818,371) | (23,129,812) |
Administrative Expenses | (55,332,577) | (45,531,471) | (9,801,106) | (55,332,577) | (45,531,471) | (9,801,106) |
Results from Operating Activities | 110,285,282 | 175,639,843 | (65,354,561) | 110,285,282 | 175,639,843 | (65,354,561) |
Finance Income | 9,334,493 | 14,437,650 | (5,103,157) | 9,334,493 | 14,437,650 | (5,103,157) |
Finance Expenses | (1,968,458) | (839,604) | (1,128,854) | (1,968,458) | (839,604) | (1,128,854) |
Net Finance Income | 7,366,036 | 13,598,047 | (6,232,011) | 7,366,036 | 13,598,047 | (6,232,011) |
Profit Before Tax | 117,651,317 | 189,237,889 | (71,586,572) | 117,651,317 | 189,237,889 | (71,586,572) |
Income Tax Expenses | (23,765,574) | (33,831,094) | 10,065,520 | (23,765,574) | (33,831,094) | 10,065,520 |
Profit for the Period | 93,885,743 | 155,406,795 | (61,521,051) | 93,885,743 | 155,406,795 | (61,521,051) |
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 | 93,885,743 | 155,406,795 | (61,521,051) | 93,885,743 | 155,406,795 | (61,521,051) |
Profit for the Period Attributable to: | ||||||
Owners of the Company | 93,885,743 | 155,406,795 | (61,521,051) | 93,885,743 | 155,406,795 | (61,521,051) |
Non-Controlling Interest | - | - | - | - | - | - |
Total Profit for the Period | 93,885,743 | 155,406,795 | (61,521,051) | 93,885,743 | 155,406,795 | (61,521,051) |
Total Comprehensive Income for the Period | ||||||
Attributable to: | - | - | ||||
Owners of the Company | 93,885,743 | 155,406,795 | (61,521,051) | 93,885,743 | 155,406,795 | (61,521,051) |
Non-Controlling Interest | - | - | - | - | - | - |
Total Comprehensive Income for the Period | 93,885,743 | 155,406,795 | (61,521,051) | 93,885,743 | 155,406,795 | (61,521,051) |
Basic and Diluted Earnings Per Share | 34.14 | 56.51 | 34.14 | 56.51 |
Figures in brackets indicate deductions.
The above figures are not audited.
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