CONVENIENCE FOODS
(LANKA) PLC
INTERIM REPORT
FOR THE 3RD QUARTER ENDED,
31ST DECEMBER 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 | DFCC Bank PLC | |
27th March 1991 | Hatton National Bank PLC | |
Nation Trust Bank | ||
National Development Bank PLC | ||
REGISTERED OFFICE | Peoples Bank | |
Ceylon Biscuits Ltd, | Sampath Bank PLC | |
No. 555, High Level Road, | Standard Chartered Bank | |
Makumbura, Pannipitiya, | State Bank of India | |
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.
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Interim Report | Convenience Foods (Lanka) PLC
CONVENIENCE FOODS (LANKA) PLC
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31ST DECEMBER 2022
Company | |||
For the 09 Months Ended 31st December | 2022 | 2021 | Variance |
Rs. | Rs. | % | |
Continuing Operations | |||
Revenue | 6,245,256,937 | 3,360,924,220 | 85.8% |
Cost of Sales | (4,712,588,501) | (2,525,714,247) | 86.6% |
Gross Profit | 1,532,668,435 | 835,209,973 | 83.5% |
Other Operating Income | 33,385,686 | 16,548,033 | 101.8% |
Distribution Expenses | (578,630,680) | (386,977,991) | 49.5% |
Administrative Expenses | (198,845,629) | (139,527,935) | 42.5% |
Results from Operating Activities | 788,577,811 | 325,252,080 | 142.5% |
Finance Income | 20,206,506 | 31,733,600 | -36.3% |
Finance Expenses | (180,180,678) | (4,978,536) | 3519.2% |
Net Finance Income | (159,974,172) | 26,755,064 | -697.9% |
Profit Before Tax | 628,603,639 | 352,007,144 | 78.6% |
Income Tax Expenses | (143,037,366) | (67,812,772) | 110.9% |
Profit for the Period | 485,566,273 | 284,194,373 | 70.9% |
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 | 485,566,273 | 284,194,373 | 70.9% |
Basic and Diluted Earnings Per Share | 176.57 | 103.34 | |
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 31ST DECEMBER 2022
Company | |||
For the 03 Months Ended 31st December | 2022 | 2021 | Variance |
Rs. | Rs. | % | |
Continuing Operations | |||
Revenue | 2,378,137,012 | 1,324,223,773 | 79.6% |
Cost of Sales | (1,788,129,715) | (1,021,114,568) | 75.1% |
Gross Profit | 590,007,296 | 303,109,205 | 94.7% |
Other Operating Income | 15,163,668 | 5,456,836 | 177.9% |
- | |||
Distribution Expenses | (240,965,034) | (142,948,183) | 68.6% |
Administrative Expenses | (71,140,666) | (55,332,577) | 28.6% |
Results from Operating Activities | 293,065,263 | 110,285,282 | 165.7% |
Finance Income | 5,044,083 | 9,334,493 | -46.0% |
Finance Expenses | (95,280,963) | (1,968,458) | 4740.4% |
Net Finance Income | (90,236,880) | 7,366,036 | -1325.0% |
Profit Before Tax | 202,828,383 | 117,651,317 | 72.4% |
Income Tax Expenses | (65,057,648) | (23,765,574) | 173.7% |
Profit for the Period | 137,770,735 | 93,885,743 | 46.7% |
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 | 137,770,735 | 93,885,743 | 46.7% |
Basic and Diluted Earnings Per Share | 50.10 | 34.14 | |
Figures in brackets indicate deductions.
The above figures are not audited.
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