Corporate Information
NAME OF COMPANY
Haycarb PLC
(A quoted public company with limited liability, incorporated in Sri Lanka in 1973)
COMPANY REGISTRATION NUMBER
PQ 59
STOCK EXCHANGE LISTING
The ordinary shares of the company are listed with the Colombo Stock Exchange
of Sri Lanka
DIRECTORS
Mohan Pandithage (Chairman)
Rajitha Kariyawasan (Managing Director)
Brahman Balaratnarajah (Deputy Managing Director)
Arjun Senaratna
Sarath Ganegoda
Ms. Jeevani Abeyratne
M.S.P. Udaya Kumara
Ali Asgar Munaver Caderbhoy
James Naylor
Hisham Jamaldeen
Ms. Shamalie Gunawardana
Ms. Brindhiini Perera
Ms. Anomi Wanigasekera
Nanda Fernando
Yohan Perera (Appointed w.e.f. 1st April 2024)
Sujeewa Rajapakse (Resigned w.e.f. 1st April 2024)
SUBSIDIARIES AND ASSOCIATES
Carbokarn Co. Limited (Bangkok, Thailand)
CK Regen Systems Co. Limited (Bangkok, Thailand)
Shizuka Company Limited (Ratchaburi, Thailand)
Eurocarb Products Limited (Bristol, England)
Haycarb Holdings Australia (Pty) Limited (Victoria, Australia)
Haycarb Holdings Bitung Limited (Tortola, British Virgin Islands)
Haycarb USA Inc. (Woodlands, Texas, U.S.A)
PT Mapalus Makawanua Charcoal Industry (Bitung, Indonesia)
Puritas (Pvt) Limited
Recogen (Pvt) Limited
Ultracarb (Pvt) Limited
PT. Haycarb Palu Mitra (Palu, Indonesia)
Puricarb Pte.Ltd. (Singapore)
Haycarb Activated Carbon (Pvt) Limited (Chennai,India)
Haycarb Philippines Corporation (Manila)
Haycarb Singapore Pte.Ltd. (Singapore)
Carbotels (Pvt) Limited - Associate
Lakdiyatha (Pvt) Limited - Associate
SECRETARIES
Hayleys Group Services (Pvt) Limited
400, Deans Road, Colombo 10, Sri Lanka.
Telephone +94 11 2627650
Fax: +94 11 2627645
E-mail: info.sec@hayleys.com
REGISTERED OFFICE
Hayley Building
400, Deans Road, Colombo 10, Sri Lanka.
Telephone: +94 11 2677364, 2687565, 2691289, 2677363
Fax: +94 11 2627450
E - mail : general@haycarb.com Website:http://www.haycarb.com
Page 1
Haycarb PLC
STATEMENT OF PROFIT OR LOSS
Audited | Unaudited | Unaudited | ||||||||
year ended | Three months ended | |||||||||
31.03.2024 | 30.06.2024 | 30.06.2023 | Change | |||||||
Rs.'000 | Rs.'000 | Rs.'000 | % | |||||||
CONSOLIDATED | +/(-) | |||||||||
43,179,205 | Revenue | 10,059,288 | 10,215,398 | (2) | ||||||
(29,910,375) | Cost of sales | (7,307,812) | (7,400,326) | (1) | ||||||
13,268,830 | Gross profit | 2,751,476 | 2,815,072 | (2) | ||||||
178,045 | Other operating income | 36,709 | 38,120 | (4) | ||||||
(367,249) | Selling and distribution expenses | (111,051) | (125,453) | (11) | ||||||
(6,558,529) | Administrative expenses | (1,525,418) | (1,440,169) | 6 | ||||||
6,521,097 | Results from operating activities | 1,151,716 | 1,287,570 | (11) | ||||||
1,392,835 | Finance income | 548,276 | 343,567 | 60 | ||||||
(1,791,852) | Finance cost | (483,724) | (568,234) | (15) | ||||||
(399,017) Net finance income/ (cost) | 64,552 | (224,667) | (129) | |||||||
(8,826) Share of profit of equity accounted investees (net of tax) | (4,095) | (2,628) | 56 | |||||||
6,113,254 | Profit before income tax | 1,212,173 | 1,060,275 | 14 | ||||||
(1,807,625) | Tax expense | (355,398) | (294,582) | 21 | ||||||
4,305,629 | Profit for the period | 856,775 | 765,693 | 12 | ||||||
Attributable to: | ||||||||||
3,743,929 | Equity holders of the parent | 742,471 | 631,176 | 18 | ||||||
561,700 | Non-controlling interest | 114,304 | 134,517 | (15) | ||||||
4,305,629 | Profit for the period | 856,775 | 765,693 | 12 | ||||||
Earnings per share | ||||||||||
12.60 | Basic earnings per share (Rs.) | 2.50 | 2.12 | |||||||
COMPANY | ||||||||||
20,684,291 | Revenue | 5,444,618 | 4,459,680 | 22 | ||||||
(15,009,748) | Cost of sales | (4,209,597) | (3,435,544) | 23 | ||||||
5,674,543 | Gross profit | 1,235,021 | 1,024,136 | 21 | ||||||
1,405,202 | Other operating income | 32,816 | 483,313 | (93) | ||||||
(133,186) | Selling and distribution expenses | (50,724) | (45,222) | 12 | ||||||
(3,066,987) | Administrative expenses | (666,992) | (646,829) | 3 | ||||||
3,879,572 | Results from operating activities | 550,121 | 815,398 | (33) | ||||||
829,913 | Finance income | 359,002 | 295,109 | 22 | ||||||
(910,418) | Finance cost | (292,768) | (357,937) | (18) | ||||||
(80,505) Net finance income /(cost) | 66,234 | (62,828) | (205) | |||||||
3,799,067 | Profit before income tax | 616,355 | 752,570 | (18) | ||||||
(818,793) | Tax expense | (182,638) | (98,891) | 85 | ||||||
2,980,274 | Profit for the period | 433,717 | 653,679 | (34) | ||||||
10.03 | Basic earnings per share (Rs.) | 1.46 | 2.20 | |||||||
6.00 | Dividend per share (Rs.) | 0.60 | 1.00 |
Notes on pages 7 and 8 form an integral part of these financial statements.
Figures in brackets indicate deductions.
Page 2
Haycarb PLC
STATEMENT OF OTHER COMPREHENSIVE INCOME
Audited | Unaudited | Unaudited | ||||||
year ended | Three months ended | |||||||
31.03.2024 | CONSOLIDATED | 30.06.2024 | 30.06.2023 | |||||
Rs. '000 | Rs. '000 | Rs. '000 | ||||||
4,305,629 | Profit for the Period | 856,775 | 765,693 | |||||
Other comprehensive income | ||||||||
(1,575,017) | Net Exchange differences on translation of foreign operations | 71,285 | (908,477) | |||||
109,856 | Net gain on equity investments designated at fair value through OCI | 297,018 | 12,206 | |||||
(239,962) | Actuarial gains and (losses) on defined benefit plans | - | - | |||||
71,667 | Tax effect on other comprehensive income | - | - | |||||
(1,633,456) | Other comprehensive income for the period (net of tax) | 368,303 | (896,271) | |||||
2,672,173 | Total comprehensive income for the period (net of tax) | 1,225,078 | (130,578) | |||||
Attributable to: | ||||||||
2,545,984 | Equity holders of the parent | 1,094,220 | 3,992 | |||||
126,189 | Non-controlling interests | 130,858 | (134,570) | |||||
2,672,173 | 1,225,078 | (130,578) | ||||||
Audited | Unaudited | Unaudited | ||||||
year ended | Three months ended | |||||||
31.03.2023 | COMPANY | 30.06.2024 | 30.06.2023 | |||||
Rs. '000 | Rs. '000 | Rs. '000 | ||||||
2,980,274 | Profit for the Period | 433,717 | 653,679 | |||||
Other comprehensive income | ||||||||
109,856 | Net gain/(loss) on equity investments designated at fair value through OCI | 297,018 | 12,206 | |||||
(237,100) | Actuarial gains and (losses) on defined benefit plans | - | - | |||||
71,130 | Tax effect on other comprehensive income | - | 0 | |||||
(56,114) | Other comprehensive income for the period (net of tax) | 297,018 | 12,206 | |||||
2,924,160 | Total comprehensive income for the period (net of tax) | 730,735 | 665,885 | |||||
Attributable to: | ||||||||
2,924,160 | Equity holders of the parent | 730,735 | 665,885 | |||||
2,924,160 | 730,735 | 665,885 | ||||||
Page 3
Haycarb PLC | - | - | - | - | |||||||||||
STATEMENT OF FINANCIAL POSITION | |||||||||||||||
Group | Company | Group | Company | ||||||||||||
Audited | Audited | Unaudited | Unaudited | Unaudited | Unaudited | ||||||||||
31.03.2024 | 31.03.2024 | As at | 30.06.2024 | 30.06.2023 | 30.06.2024 | 30.06.2023 | |||||||||
Rs.'000 | Rs.'000 | Note | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |||||||||
ASSETS | |||||||||||||||
Non-Current Assets | |||||||||||||||
10,838,262 | 5,261,582 | Property, plant and equipment | 11,254,283 | 9,917,862 | 5,333,838 | 4,353,917 | |||||||||
490,940 | 259,905 | Right-of-use assets | 468,142 | 237,147 | 246,843 | 25,922 | |||||||||
347,380 | 121,796 | Intangible assets | 341,172 | 284,126 | 116,185 | 81,963 | |||||||||
- | 1,094,769 | Investments in subsidiaries | - | - | 1,094,769 | 1,094,770 | |||||||||
583,927 | 92,903 | Investment in equity accounted investees | 579,833 | 590,125 | 92,903 | 92,903 | |||||||||
1,285,225 | 1,237,388 | Other non-current financial assets | 1,582,432 | 1,190,741 | 1,534,406 | 1,139,739 | |||||||||
239,963 | - | Deferred tax assets | 240,447 | 239,004 | - | - | |||||||||
13,785,697 | 8,068,343 | 14,466,309 | 12,459,005 | 8,418,944 | 6,789,214 | ||||||||||
Current Assets | |||||||||||||||
11,506,658 | 4,470,465 | Inventories | 12,115,134 | 12,557,502 | 4,176,145 | 4,640,775 | |||||||||
6,711,349 | 4,651,326 | Trade and other receivables | 7,232,910 | 5,420,217 | 5,687,686 | 3,060,933 | |||||||||
- | 989,239 | Amounts due from subsidiaries | - | - | 241,380 | 877,473 | |||||||||
47,870 | 18,372 | Amounts due from related parties | 38,431 | 70,210 | 12,937 | 34,946 | |||||||||
127,165 | 567 | Amounts due from equity accounted investees | 73,957 | 106,651 | 695 | 272 | |||||||||
1,313,385 | 480,469 | Other current assets | 1,148,506 | 1,581,136 | 428,672 | 411,998 | |||||||||
6,722,126 | 3,679,709 | Cash in hand and at bank | 5,733,475 | 6,111,762 | 3,054,680 | 3,347,170 | |||||||||
26,428,553 | 14,290,147 | 26,342,413 | 25,847,478 | 13,602,195 | 12,373,567 | ||||||||||
40,214,250 | 22,358,490 | Total Assets | 40,808,722 | 38,306,483 | 22,021,139 | 19,162,781 | |||||||||
EQUITY & LIABILITIES | |||||||||||||||
Equity | |||||||||||||||
331,774 | 331,774 | Stated capital | 1 | 331,774 | 331,774 | 331,774 | 331,774 | ||||||||
891,290 | 520,097 | Capital reserves | 891,290 | 891,290 | 520,097 | 520,097 | |||||||||
21,681,998 | 13,008,591 | Revenue reserves | 22,597,944 | 20,625,625 | 13,561,052 | 12,235,935 | |||||||||
22,905,062 | 13,860,462 | Total equity attributable to equity holders of the company | 23,821,008 | 21,848,689 | 14,412,923 | 13,087,806 | |||||||||
2,792,786 | - | Non-controlling interest | 2,923,644 | 2,936,175 | - | - | |||||||||
25,697,848 | 13,860,462 | Total equity | 26,744,652 | 24,784,864 | 14,412,923 | 13,087,806 | |||||||||
Non-Current Liabilities | |||||||||||||||
253,719 | 66,111 | Interest-bearing loans and borrowings | 462,060 | 526,915 | 312,841 | 223,047 | |||||||||
416,518 | 218,763 | Non-current lease liability | 407,639 | 176,595 | 218,762 | - | |||||||||
192,185 | 125,541 | Deferred tax liabilities | 251,836 | 167,364 | 189,210 | 134,148 | |||||||||
1,737,269 | 1,351,969 | Employee benefit obligations | 1,811,596 | 1,267,853 | 1,415,136 | 941,566 | |||||||||
2,599,691 | 1,762,384 | Total non-current liabilities | 2,933,131 | 2,138,727 | 2,135,949 | 1,298,761 | |||||||||
Current Liabilities | |||||||||||||||
4,203,895 | 2,771,646 | Trade and other payables | 3,981,288 | 3,395,223 | 2,311,384 | 1,569,002 | |||||||||
4,122,052 | 2,581,968 | Interest-bearing loans and borrowings | 3,559,896 | 5,412,054 | 1,886,334 | 2,405,371 | |||||||||
85,960 | 41,507 | Current lease liability | 77,676 | 73,532 | 31,557 | 31,654 | |||||||||
393,561 | 56,980 | Other current liabilities | 573,467 | 470,870 | 117,806 | 39,813 | |||||||||
- | 81,604 | Amounts due to subsidiaries | - | - | 97,604 | 355,658 | |||||||||
2,379,820 | 817,434 | Amounts due to other related parties | 2,416,349 | 1,732,039 | 773,402 | 296,398 | |||||||||
731,423 | 384,505 | Income tax payable | 522,263 | 299,174 | 254,180 | 78,318 | |||||||||
11,916,711 | 6,735,644 | Total Current Liabilities | 11,130,939 | 11,382,892 | 5,472,267 | 4,776,214 | |||||||||
14,516,402 | 8,498,028 | Total Liabilities | 14,064,070 | 13,521,619 | 7,608,216 | 6,074,975 | |||||||||
40,214,250 | 22,358,490 | Total Equity and Liabilities | 40,808,722 | 38,306,483 | 22,021,139 | 19,162,781 | |||||||||
77.09 | 46.65 | Net assets per share ( Rs.) | 80.17 | 73.53 | 48.51 | 44.05 | |||||||||
"It is certified that the financial statements set out on pages 2 to 8 have been prepared in compliance with the requirements of the | |||||||||||||||
Companies Act No. 07 of 2007". | |||||||||||||||
- | - | - | - | - | - | ||||||||||
- | - | Sgd. | - | - | - | - | |||||||||
………………………. | |||||||||||||||
Ms. M J A S Abeyratne | |||||||||||||||
Finance Director | |||||||||||||||
Signed for and on behalf of the Board, | |||||||||||||||
Sgd. | Sgd. | ||||||||||||||
………………………. | ……………………. | ||||||||||||||
A M Pandithage | H S R Kariyawasan | ||||||||||||||
Chairman | Managing Director | ||||||||||||||
12th August 2024 |
Page 4
Haycarb PLC
STATEMENT OF CHANGES IN EQUITY
For the Three months ended 30th June
Attributable to equity holders of the parent | |||||||||
Other Reserves | |||||||||
Stated | Capital | Fair value reserve | Exchange | General | Retained | Non | Total | ||
capital | reserves | of financial | fluctuation | reserve | earnings | Total | controlling | equity | |
assets at FVOCI | reserve | interest | |||||||
GROUP | Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 |
Balance as at 01.04.2023 | 331,774 | 891,290 | 1,086,871 | 4,687,634 | 519,353 | 14,624,899 | 22,141,821 | 3,070,745 | 25,212,566 |
Profit for the year | - | - | - | - | - | 631,176 | 631,176 | 134,517 | 765,693 |
Translation of foreign operations | - | - | - | (639,390) | - | - | (639,390) | (269,087) | (908,477) |
Net loss on equity instruments designated as FVOCI | - | - | 12,206 | - | - | - | 12,206 | - | 12,206 |
Other comprehensive income for the year | - | - | 12,206 | (639,390) | - | - | (627,184) | (269,087) | (896,271) |
Dividends | - | - | - | - | - | (297,124) | (297,124) | - | (297,124) |
Balance as at 30.06.2023 | 331,774 | 891,290 | 1,099,077 | 4,048,244 | 519,353 | 14,958,951 | 21,848,689 | 2,936,175 | 24,784,864 |
Balance as at 01.04.2024 | 331,774 | 891,290 | 1,196,727 | 3,544,204 | 519,353 | 16,421,714 | 22,905,062 | 2,792,786 | 25,697,848 |
Profit for the year | - | - | - | - | - | 742,471 | 742,471 | 114,304 | 856,775 |
Translation of foreign operations | - | - | - | 54,731 | - | - | 54,731 | 16,554 | 71,285 |
Net gain on equity instruments designated as FVOCI | - | - | 297,018 | - | - | - | 297,018 | - | 297,018 |
Other comprehensive income for the year | - | - | 297,018 | 54,731 | - | - | 351,749 | 16,554 | 368,303 |
Dividends | - | - | - | - | - | (178,274) | (178,274) | - | (178,274) |
Balance as at 30.06.2024 | 331,774 | 891,290 | 1,493,745 | 3,598,935 | 519,353 | 16,985,911 | 23,821,008 | 2,923,644 | 26,744,652 |
Stated | Capital | General | Fair value reserve | Retained | . | ||||
capital | reserves | reserve | of financial | earnings | equity | ||||
assets at | |||||||||
FVOCI | |||||||||
COMPANY | Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 | |||
Balance as at 01.04.2023 | 331,774 | 520,097 | 519,353 | 1,086,871 | 10,260,950 | 12,719,045 | |||
Profit for the year | - | - | - | - | 653,679 | 653,679 | |||
Net gain on equity instruments designated as FVOCI | - | - | - | 12,206 | - | 12,206 | |||
Other comprehensive income for the year | - | - | - | 12,206 | - | 12,206 | |||
Dividends | - | - | - | - | (297,124) | (297,124) | |||
Balance as at 30.06.2023 | 331,774 | 520,097 | 519,353 | 1,099,077 | 10,617,505 | 13,087,806 | |||
Balance as at 01.04.2024 | 331,774 | 520,097 | 519,353 | 1,196,727 | 11,292,511 | 13,860,462 | |||
Profit for the year | - | - | - | - | 433,717 | 433,717 | |||
Net gain on equity instruments designated as FVOCI | - | - | - | 297,018 | - | 297,018 | |||
Other comprehensive income for the year | - | - | - | 297,018 | - | 297,018 | |||
Dividends | - | - | - | - | (178,274) | (178,274) | |||
Balance as at 30.06.2024 | 331,774 | 520,097 | 519,353 | 1,493,745 | 11,547,954 | 14,412,923 | |||
Page 5
Haycarb PLC
Statement Of Cash Flows
(0) | (0) | 0 | (0) | 0 | 0 | |||||
Company | 0 | (0) | 0 | 0 | ||||||
Group Audited | Audited | Group | Company | |||||||
Unaudited | Unaudited | Unaudited | Unaudited | |||||||
31.03.2024 | 31.03.2024 For the Three months ended 30th June | 2024 | 2023 | 2024 | 2023 | |||||
Rs.' 000 | Rs.' 000 | Rs.' 000 | Rs.' 000 | Rs.' 000 | Rs.' 000 |
Operating activities
6,113,254
979,353
22,502
9,057
(387,333)
(965,476)
(1,392,836)
1,791,853
-
8,826
3,303
(355,126)
5,255
361,173
6,193,805
97,433
30,984
2,831,933
364,688
542,754
10,061,597
(570,993)
(1,575,434)
(38,336)
7,876,834
9,916
(2,134,787)
(80,483)
850
410,268
93,613
(1,700,623)
6,176,211
636,120
(419,702)
(120,212)
(1,466,415)
(404,148)
(1,774,357)
4,401,854
(1,546,029)
2,855,825
2,751,328
3,970,798
6,722,126
(3,866,301)
2,855,825
3,799,067 | Profit before tax from continuing operations | 1,212,173 | 1,060,275 | 616,355 | 752,570 | |||
Adjustments for: | ||||||||
341,811 | Depreciation and impairment of property, plant, equipment and right of use assets | 253,648 | 237,674 | 96,773 | 76,706 | |||
21,962 | Amortisation of intangible assets | 6,208 | 5,273 | 5,611 | 5,256 | |||
13,803 | (Gain)/loss on disposal of property, plant and equipment | - | - | - | - | |||
(300,593) | Gain/(loss) on translation on foreign currencies | 70,867 | (153,898) | 47,852 | (94,619) | |||
- | Exchange difference on translation of foreign entities | 64,294 | (546,731) | - | - | |||
(829,913) | Finance income | (548,276) | (343,567) | (359,002) | (295,109) | |||
910,418 | Finance cost | 483,724 | 568,234 | 292,768 | 357,937 | |||
(1,198,812) | Dividend income - subsidiaries | - | - | - | (440,902) | |||
- | Share of profit of an equity accounted investee | 4,095 | 2,628 | - | - | |||
46,390 | Provision/(reversal) for slow moving inventory | (47,404) | 1,680 | (48,799) | 507 | |||
- | Provision / (reversal) for unrealized profit on inventories | 62,766 | (22,184) | - | - | |||
- | Provision / (reversal) for expected credit loss | 406 | 978 | - | - | |||
233,997 | Provision for employee benefit obligations | 86,424 | 56,979 | 69,000 | 45,000 | |||
3,038,130 | Cash generated from operations before working capital changes | 1,648,925 | 867,341 | 720,558 | 407,346 | |||
Working Capital Adjustments: | ||||||||
(449,690) | (Increase)/decrease in trade and other receivables and Prepayments | (357,088) | 1,114,466 | (984,563) | 1,181,711 | |||
(332,407) | (Increase)/decrease in amounts receivable from subsidiaries and related parties | 62,647 | 29,158 | 753,166 | (236,920) | |||
589,710 | (Increase)/decrease in inventories | (623,838) | 1,449,771 | 343,119 | 465,283 | |||
701,784 | Increase/(decrease) in trade and other payables | 47,464 | (554,132) | (309,271) | (705,484) | |||
514,262 | Increase/(decrease) in amount due to related parties | 58,385 | 101,634 | (6,176) | 473,941 | |||
4,061,789 | 836,495 | 3,008,238 | 516,833 | 1,585,877 | ||||
(228,823) | Interest paid | (115,158) | (133,544) | (48,395) | (77,701) | |||
(560,426) | Income tax paid | (507,927) | (607,031) | (249,294) | (181,771) | |||
(22,456) | Employee benefit paid | (7,854) | (7,085) | (5,833) | (6,762) | |||
3,250,084 | Net cash flows from/ (used in) operating activities | 205,556 | 2,260,578 | 213,311 | 1,319,643 | |||
Investing activities | ||||||||
- | Proceeds from sale of property, plant and equipment | 4,210 | 1,963 | - | - | |||
(1,215,298) | Purchase of property, plant and equipment | (640,670) | (273,771) | (155,967) | (56,024) | |||
(56,539) | Acquisition of intangible assets | - | - | - | - | |||
- | Proceeds from long-term loans and receivables | 279 | 439 | - | - | |||
352,075 | Interest received | 109,715 | 39,793 | 64,307 | 82,894 | |||
1,292,420 | Other dividends received | 10,173 | 20,344 | 10,172 | 461,246 | |||
372,658 | Net cash flows from/(used) in investing activities | (516,293) | (211,232) | (81,488) | 488,116 | |||
3,622,742 | Net cash inflow/(outflow) before financing activities | (310,737) | 2,049,346 | 131,823 | 1,807,759 | |||
Financing activities | ||||||||
170,000 | Loans obtained during the year | 397,475 | 625,000 | 397,475 | 170,000 | |||
(290,241) | Repayment of borrowings | (67,852) | (42,894) | (29,137) | (39,239) | |||
(45,992) | Lease rental paid | (32,827) | (37,716) | (17,090) | (11,034) | |||
(1,466,415) | Dividends paid to equity holders of the parent | (290,295) | - | (290,295) | - | |||
- | Dividends paid to non-controlling interest | - | - | - | - | |||
(1,632,648) | Net cash flows from /(used in) financing activities | 6,501 | 544,390 | 60,953 | 119,727 | |||
1,990,094 | Net increase/(decrease) in cash and cash equivalents | (304,236) | 2,593,736 | 192,776 | 1,927,486 | |||
(790,704) | Cash and cash equivalents at beginning of the period | 2,855,825 | (1,546,029) | 1,199,390 | (790,704) | |||
1,199,390 | Cash and cash equivalents at end of the period (Note A) | 2,551,588 | 1,047,707 | 1,392,166 | 1,136,782 | |||
Analysis of cash and cash equivalents as at 30th June | ||||||||
995,630 | A) Cash in hand and at bank | 3,175,683 | 4,115,218 | 1,253,674 | 1,511,112 | |||
2,684,079 | Short-term deposits | 2,557,792 | 1,996,544 | 1,801,006 | 1,836,058 | |||
3,679,709 | 5,733,475 | 6,111,762 | 3,054,680 | 3,347,170 | ||||
(2,480,319) | Bank overdrafts and short-term loans | (3,181,887) | (5,064,055) | (1,662,514) | (2,210,388) | |||
1,199,390 | Cash and cash equivalents | 2,551,588 | 1,047,707 | 1,392,166 | 1,136,782 | |||
Page 6
Haycarb PLC
SEGMENT ANALYSIS
BUSINESS SEGMENTS | |||||||
Turnover-Net | Group | ||||||
External | Intra-group | 30.06.2024 | 30.06.2023 | ||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||||
Activated carbon | 9,785,833 | 4,144,033 | 13,929,866 | 14,345,413 | |||
Environmental engineering | 273,455 | 23,444 | 296,899 | 321,867 | |||
10,059,288 | 4,167,477 | 14,226,765 | 14,667,280 | ||||
Intra-group sales | (4,167,477) | (4,451,882) | |||||
10,059,288 | 10,215,398 | ||||||
Industry segment results | |||||||
Profit before tax | Group | ||||||
30.06.2024 | 30.06.2023 | ||||||
Rs.'000 | Rs.'000 | ||||||
Activated carbon | 1,205,583 | 1,097,316 | |||||
Environmental engineering | 10,644 | (34,413) | |||||
Purification associate | (5,031) | (3,712) | |||||
Leisure - associate | 977 | 1,084 | |||||
1,212,173 | 1,060,275 | ||||||
INVESTOR INFORMATION | |||||||
Three months ended | |||||||
30.06.2024 | 30.06.2023 | ||||||
Market value of shares | |||||||
Last traded price | 80.50 | 60.00 | |||||
(30/06/2024) | (28/06/2023) | ||||||
Highest price recorded for the period (Rs.) | 84.40 | 61.20 | |||||
(11/06/2024) | (22/06/2023) | ||||||
Lowest price recorded for the period (Rs.) | 70.10 | 51.80 | |||||
(19/04/2024) | (30/05/2023) | ||||||
Market capitalisation (Rs.) | 23,918,461,875 | 17,797,712,625 | |||||
P/E ratio | 8.05 | 7.06 | |||||
Dividend declared | |||||||
First interim dividend 2024/25 - Rs. 0.60/- per share (Final dividend 2022/23 - Rs. 1.00/- P/S) | 178,274,250 | 297,123,750 | |||||
Total for the Period | 178,274,250 | 297,123,750 |
Share trading information
No. of transactions
No. of shares traded
Value of shares traded (Rs.)
Three months ended
30.06.2024 30.06.2023
4,8592,897
6,980,517 2,113,524
552,252,537 120,453,229
Page 7
Haycarb PLC
Notes
As at 30th June | 2024 | 2023 | |
Rs.'000 | Rs.'000 | ||
1. Stated capital | |||
Issued and fully paid - 297,123,750 ( 297,123,750 - 30.06.2023) Ordinary shares | 331,774 | 331,774 |
- The interim condensed consolidated financial statements for the twelve months ended 30th June 2024 have been prepared in accordance with LKAS 34 Interim Financial Reporting The financial statements for the period ended 31st
March 2024, includes "the Company" referring Haycarb PLC, as the holding company and "the Group" referring to the companies whose accounts have been consolidated therein The interim condensed consolidated financial statements do not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the Group's annual consolidated financial statements as at 31 March 2024.
- No circumstances have arisen since the Statement of Financial Position date, which would require adjustments or disclosure to the Interim Financial statements.
- There has not been a significant change in the nature of the contingent liabilities which are disclosed in the Annual Report for the year ended 31st March 2024.
Page 8
HAYCARB PLC
First Twenty Shareholders as at 30th June, 2024
Name of the Shareholder | No. of Shares as | % | ||
at 30/06/2024 | ||||
1 | Hayleys PLC No. 3 Share Investment Account | 201,251,030 | 67.73 | |
2 | Employee's Provident Fund | 13,230,763 | 4.45 | |
3 | Mr. T. Ueda | 4,879,200 | 1.64 | |
4 | Dr. D. Jayanntha | 4,305,000 | 1.45 | |
5 | Mr. H. S. R. Kariyawasan/Mrs. K.H.S. Kariyawasan | 2,979,671 | 1.00 | |
6 | Mrs. J. K. P. Singh | 1,728,586 | 0.58 | |
7 | Mr. S. Rameshan | 1,649,680 | 0.56 | |
8 | Mr. Z. G. Carimjee | 1,350,000 | 0.45 | |
9 | Mr. H.S. Gill | 1,230,000 | 0.41 | |
10 | Employees Trust Fund Board | 1,143,929 | 0.39 | |
11 | Mrs. S. Vasudevan Saraswathi/Mr. S. Vasudevan | 1,004,876 | 0.34 | |
12 | DFCC Bank PLC A/c 1 | 1,000,000 | 0.34 | |
13 | Deutsche Bank AG Trustee to Lynear Wealth Dynamic Opportunities Fund | 947,887 | 0.32 | |
14 | Miss. M. P. Radhakrishnan | 830,443 | 0.28 | |
15 | Miss A. Radhakrishnan | 788,691 | 0.27 | |
16 | Mr. A. A. Thakshann | 710,780 | 0.24 | |
17 | Mr. R. Maheswaran (Deceased) | 700,010 | 0.24 | |
18 | Mr. W. K. G. N. Perera | 700,000 | 0.24 | |
19 | Harnam Holdings SDN BHD | 675,000 | 0.23 | |
20 | Finco Holdings (Private) Limited | 625,045 | 0.21 | |
OTHERS | 55,393,159 | 18.64 | ||
TOTAL | 297,123,750 | 100.00 | ||
No. of Shares as | ||||
Name of the Director | at 30.06.2024 | |||
Mr. A.M. Pandithage | 23,790 | |||
Mr. H.S.R. Kariyawasan* | 2,979,671 | |||
Mr. B. Balaratnarajah | 30,040 | |||
Mr. S.C. Ganegoda | 73,150 | |||
Mr. A.M. Senaratna | - | |||
Mrs. M.J.A.S. Abeyratne | - | |||
Mr. M.S.P. Udaya Kumara | 4,620 | |||
Mr. A.A.M. Caderbhoy | - | |||
Mr. J.D. Naylor | - | |||
Mr. H. Jamaldeen | - | |||
Mrs. H.M.N.S. Gunawardana | - | |||
Ms. K.A.D.B. Perera | - | |||
Mrs. A.I. Wanigasekera | - | |||
Mr. M.N.R. Fernando | - | |||
Mr. P.Y.S. Perera (Appointed w.e.f. 1st April 2024) | 2,500 | |||
Total | 3,113,771 | |||
* Shares held jointly with Mrs. K. H. S. Kariyawasan | ||||
Percentage of public holding as at 30.06.2024 (%) | 31.22 | |||
Total No. of Shareholders representing the public holding | 7,101 | |||
Float adjusted market capitalization (Rs.) | 7,467,343,797 | |||
Market capitalization (Rs.) | 23,918,461,875 | |||
The Company complies with option 3 of the Listing Rules 7.13.1 (i) (a) - which requires 7.5% Public Holding.
Page 9