Kelani Valley Plantations PlcCSELK: KVAL.N0000

Quarterly Financial Statement as at 30th September 2024

· Issued by Kelani Valley Plantations Plc

KELANI VALLEY PLANTATIONS PLC

Company Reg. No. - PQ 58

Interim Financial Statements

For the period ended 30 September 2024

CORPORATE INFORMATION

LEGAL FORM

A Public Limited Company

Incorporated in Sri Lanka on 18 June 1992

COMPANY NUMBER

PQ58

DIRECTORS

A.M. Pandithage - Chairman

W.G.R. Rajadurai - Managing Director

A.Weerakoon - Chief Executive Officer

  1. Mohideen S.C.Ganegoda
    C.V. Cabraal N.Ekanayake M.C.B.Talwatte

Ms.S.Amarasekera, PC

S.P.Peiris

SUBSIDIARIES

Kalupahana Power Company (Private) Limited

Mabroc Teas (Private) Limited

Kelani Valley Resorts (Private) Limited

SECRETARIES

Hayleys Group Services (Private) Limited 400, Deans Road, Colombo 10, Sri Lanka Telephone: 2627650-7 (8 Lines)

Fax: 2627645

E-mail: info.sec@hayleys.com

STOCK EXCHANGE LISTING

The ordinary shares of the Company are listed with the Colombo Stock Exchange of Sri Lanka

REGISTERED OFFICE/HEAD OFFICE

400, Deans Road, Colombo 10, Sri Lanka

Telephone: 2627700

Fax: 2694216

Web: www.kvpl.com

E-mail: postmaster@kvpl.com

PRINCIPAL LINES OF BUSINESS

Producing and Processing of Tea and Rubber

KELANI VALLEY PLANTATIONS PLC

Company Reg. No. - PQ 58

KELANI VALLEY PLANTATIONS PLC

400, Deans Road Colombo 10.

Interim Financial Statements as at 30 September 2024

STATEMENT OF FINANCIAL POSITION

Group

Company

Group

Company

Audited

Audited

Unaudited

Unaudited

Unaudited

Unaudited

as at

as at

as at

as at

as at

as at

31.03.2024

31.03.2024

30.09.2024

30.09.2023

30.09.2024

30.09.2023

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Rs. '000

ASSETS

Non-Current Assets

770,009

770,009

Right-of-use assets

741,383

570,076

741,383

570,076

2,806,635

1,129,368

Freehold property, plant & equipment

3,146,857

2,644,552

1,190,136

1,154,751

3,991,849

3,991,849

Bearer biological assets

4,114,017

3,992,863

4,114,017

3,992,863

271,184

271,184

Biological assets - consumable

246,950

237,603

246,950

237,603

-

828,000

Investments in subsidiaries

-

-

828,000

828,000

139,858

-

Investments in equity accounted investee

143,134

131,883

-

-

423,225

423,225

Other non-current financial assets

423,225

396,970

423,225

396,970

36,376

-

Intangible assets

36,481

37,413

-

-

2,278

-

Deferred tax assets

291

769

-

-

8,441,415

7,413,635

Total non - current assets

8,852,338

8,012,129

7,543,711

7,180,263

Current Assets

22,718

22,718

Produce on bearer biological assets

-

-

-

-

2,039,119

1,128,332

Inventories

2,039,684

1,734,471

1,088,620

1,032,525

-

23,225

Amounts due from subsidiaries

-

-

23,940

27,214

116,654

40,081

Amounts due from other related companies

141,623

136,233

84,323

49,461

2,407,619

753,471

Trade and other receivables

2,546,161

2,206,218

613,017

485,830

1,528,627

1,177,950

Short term investments

2,263,602

1,246,048

1,882,746

1,129,351

549,111

298,924

Cash and cash equivalents

358,492

638,595

32,203

71,242

6,663,847

3,444,700

Total current assets

7,349,562

5,961,565

3,724,849

2,795,623

15,105,262

10,858,335

Total assets

16,201,900

13,973,694

11,268,560

9,975,886

EQUITY AND LIABILITIES

Equity

340,000

340,000

Stated capital

340,000

340,000

340,000

340,000

(Issued & fully paid 68,000,000 ordinary shares & 01 Golden Share)

7,523,982

5,201,046

Revenue reserves

7,783,772

7,126,669

5,209,418

4,784,317

7,863,982

5,541,046

Total equity attributable to equity holders of the company

8,123,772

7,466,669

5,549,418

5,124,317

69,048

-

Non-controlling interest

92,833

59,327

-

-

7,933,030

5,541,046

Total equity

8,216,605

7,525,996

5,549,418

5,124,317

Non-Current Liabilities

62,604

-

Interest-bearing borrowings

37,250

95,771

-

1,125

655,491

655,491

Deferred income

637,880

657,466

637,880

657,466

1,102,838

1,022,010

Deferred tax liability

1,005,698

1,007,667

916,324

937,552

1,263,546

1,192,959

Retirement benefit obligations

1,773,591

1,026,304

1,697,655

966,102

854,897

854,897

Lease liability

852,838

622,117

852,838

622,117

3,939,376

3,725,357

Total non - current liabilities

4,307,257

3,409,325

4,104,697

3,184,362

Current Liabilities

1,757,152

1,298,304

Trade and other payables

1,898,055

1,592,907

1,142,494

1,268,446

-

-

Dividends payable

-

68,000

-

68,000

8,239

8,239

Lease liability

8,239

19,963

8,239

19,963

-

208

Amounts due to subsidiaries

-

-

-

130,341

93,725

Amounts due to other related companies

127,591

68,227

76,173

28,094

-

-

Amounts due to equity accounted investee

14,064

-

-

-

262,652

188,081

Income tax payable

65,209

111,863

-

17,235

53,458

3,375

Interest-bearing borrowings payable within one year

50,792

60,584

1,125

4,500

1,020,781

-

Short-term interest-bearing borrowings

1,227,674

854,217

100,000

-

233

-

Bank overdraft

286,414

262,612

286,414

260,969

3,232,856

1,591,932

Total current liabilities

3,678,038

3,038,373

1,614,445

1,667,207

7,172,232

5,317,289

Total liabilities

7,985,295

6,447,698

5,719,142

4,851,569

15,105,262

10,858,335

Total equity and liabilities

16,201,900

13,973,694

11,268,560

9,975,886

The Statement of Financial Position as at 30 September 2024, the Income Statements, Statements of Cash Flows and the Statements of Changes in Equity for the six months then ended are drawn up from the unaudited Financial Statements of the Company and its Subsidiaries and they provide the information required by the Colombo Stock Exchange.

It is certified that the Financial Statements have been prepared in compliance with the requirements of the Companies Act no 7 of 2007.

Sgd

V.W.Weerabahu

Director - Finance

Signed for and on behalf of the Board,

Sgd

Sgd

A.M.Pandithage

W.G.R.Rajadurai

Chairman

Managing Director

05-November-2024

KELANI VALLEY PLANTATIONS PLC

400, Deans Road Colombo 10.

Interim Financial Statements for the Six months ended 30 September 2024

STATEMENT OF PROFIT OR LOSS - GROUP

Audited

Unaudited

Unaudited

Increase/

Unaudited

Unaudited

Increase/

Year ended

06 months to

06 months to

(Decrease)

3 Months to

3 Months to

(Decrease)

31.03.2024

30.09.2024

30.09.2023

30.09.2024

30.09.2023

Rs. '000

Rs. '000

Rs. '000

%

Rs. '000

Rs. '000

%

19,968,249

Revenue

11,739,461

10,106,304

16

5,901,385

4,810,028

23

(16,925,211)

Cost of sales

(10,310,420)

(8,896,728)

16

(5,030,628)

(4,119,664)

22

3,043,038

Gross profit

1,429,041

1,209,576

18

870,757

690,364

26

3,405

Gain on change in fair value of biological assets

-

-

-

-

-

-

38,870

Dividend Income

-

13,237

(100)

-

13,237

(100)

171,228

Other income

103,319

84,897

22

39,736

52,955

(25)

(1,216,213)

Administrative expenses

(710,280)

(603,898)

18

(369,206)

(330,997)

12

(159,294)

Distribution expenses

(55,861)

(68,537)

(18)

(27,939)

(27,432)

2

1,881,034

Results from operating activities

766,219

635,275

21

513,348

398,127

29

465,762

Finance income

203,335

292,529

(30)

108,157

164,745

(34)

(383,641)

Finance expenses

(165,519)

(201,457)

(18)

(84,786)

(110,076)

(23)

(121,851)

Interest paid to Government on lease

(77,545)

(52,849)

47

(39,243)

(30,548)

28

(39,730)

Net finance cost

(39,729)

38,223

>(100)

(15,872)

24,121

>(100)

8,137

Share of profit of equity accounted investees

3,275

162

100

887

162

100

1,849,441

Profit before tax

729,765

673,660

8

498,363

422,412

18

(666,609)

Tax expense

(193,380)

(191,822)

1

(115,907)

(117,161)

(1)

1,182,832

Profit for the period

536,385

481,838

11

382,456

305,251

25

Attributable to;

1,173,435

Equity holders of the parent

512,731

481,598

6

370,563

305,777

21

9,397

Non-controlling interest

23,654

240

<100

11,893

(526)

<100

1,182,832

Profit for the period

536,385

481,838

11

382,456

305,251

25

Earnings per share ( Rs )

17.26

Basic / Diluted

7.54

7.08

6

5.45

4.49

100

STATEMENTS OF COMPREHENSIVE INCOME

1,182,832

Profit for the period

536,385

481,838

11

382,456

305,251

25

Comprehensive Income

26,255

Fair value gain on FVTOCI financial assets

-

-

-

-

-

-

(193,097)

Actuarial gains/(loss) on defined benefit obligations

(361,780)

-

<100

(361,780)

-

<100

57,929

Income tax effect

108,534

-

<100

108,534

-

<100

1,744

Net exchange differences on translation of foreign operations

435

(209)

<100

(1,918)

(209)

100

(107,169)

Comprehensive income/(loss) for the period, net of tax

(252,811)

(209)

100

(255,164)

(209)

<100

1,075,663

Total comprehensive income/(loss) for the period, net of tax

283,574

481,629

(41)

127,292

305,042

(58)

Attributable to:

1,065,764

Equity holders of the parent

259,790

481,452

(46)

115,974

305,631

(62)

9,899

Non-controlling interest

23,784

177

<100

11,318

(588)

<100

1,075,663

Profit for the period

283,574

481,629

(41)

127,292

305,043

(58)

Figures in brackets indicate deductions

KELANI VALLEY PLANTATIONS PLC

400, Deans Road Colombo 10.

Interim Financial Statements for the Six months ended 30 September 2024

STATEMENT OF PROFIT OR LOSS - COMPANY

Audited

Unaudited

Unaudited

Increase/

Unaudited

Unaudited

Increase/

Year ended

06 months to

06 months to

(Decrease)

3 months to

3 months to

(Decrease)

31.03.2024

30.09.2024

30.09.2023

%

30.09.2024

30.09.2023

%

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Rs. '000

7,432,010

Revenue

3,854,148

3,433,172

12

1,987,067

1,759,546

13

(6,083,562)

Cost of sales

(3,284,530)

(3,149,253)

4

(1,597,570)

(1,646,302)

(3)

1,348,448

Gross profit

569,618

283,919

101

389,497

113,244

244

3,405

Gain on change in fair value of biological assets

-

-

-

-

-

-

194,080

Dividend Income

-

13,237

-

-

13,237

(100)

138,417

Other income

68,277

64,780

5

31,336

33,709

(7)

(519,282)

Administrative expenses

(305,752)

(256,860)

19

(156,638)

(132,558)

18

1,165,068

Results from operating activities

332,143

105,076

<100

264,195

27,632

<100

310,738

Finance income

96,410

183,852

(48)

46,109

91,374

(50)

(37,984)

Finance expenses

(12,156)

(20,156)

(40)

(6,872)

(9,778)

(30)

(121,851)

Interest paid to Government on lease

(77,545)

(52,849)

47

(39,243)

(30,548)

28

150,903

Net finance cost

6,709

110,847

(94)

(6)

51,048

(100)

1,315,971

Profit before tax

338,852

215,923

57

264,189

78,680

<100

(416,993)

Tax expense

(77,234)

(54,317)

42

(47,861)

(14,310)

<100

898,978

Profit for the period

261,618

161,606

62

216,328

64,370

<100

Earnings per share ( Rs )

13.22

Basic / Diluted

3.85

2.38

62

3.18

0.95

<100

STATEMENTS OF COMPREHENSIVE INCOME

898,978

Profit for the period

261,618

161,606

62

216,328

64,370

<100

Other Comprehensive Income

(190,919)

Actuarial gains/(loss) on defined benefit obligations

(361,780)

-

<100

(361,780)

-

<100

57,276

Income tax effect

108,534

-

<100

108,534

-

<100

(133,643)

Other comprehensive income/(loss) for the period, net of tax

(253,246)

-

<100

(253,246)

-

<100

765,335

Total comprehensive income/(loss) for the period, net of tax

8,372

161,606

(95)

(36,918)

64,370

<(100)

Figures in brackets indicate deductions

Company Reg. No. - PQ 58

KELANI VALLEY PLANTATIONS PLC

400, Deans Road Colombo 10.

Interim Financial Statements as at 30 September 2024

STATEMENTS OF CHANGES IN EQUITY

Group

Attributable to equity holders of the parent

Revenue reserves

Foreign

Re-

FVTOCI

Currency

Bearer

Non-

Stated

General

valuation

Financial

Transaction

Timber

Biological

Retained

Total

controlling

Total Equity

Capital

Reserve

Reserve

Assets

Reserve

Reserve

Produce

Profit

Interest

Rs. '000

Rs. '000

Rs.'000

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Balance as at 01 April 2023

340,000

1,700,000

43,901

95,397

-

186,211

28,659

4,761,049

7,155,217

49,583

7,204,800

Profit for the period

-

-

-

-

-

-

-

481,598

481,598

240

481,838

Dividends

-

-

-

-

-

-

-

(170,000)

(170,000)

-

(170,000)

Acquisition of non-controlling interest

-

-

-

-

-

-

-

-

-

9,567

9,567

Net exchange differences on transaction

of foreign operations

-

-

-

-

(146)

-

-

-

(146)

(63)

(209)

Balance as at 30 September 2023

340,000

1,700,000

43,901

95,397

(146)

186,211

28,659

5,072,647

7,466,669

59,327

7,525,996

Balance as at 01 April 2024

340,000

1,700,000

43,901

121,652

1,221

195,558

22,718

5,438,932

7,863,982

69,048

7,933,030

Profit for the period

-

-

-

-

-

-

-

512,731

512,731

23,654

536,385

Comprehensive income

Actuarial gains on defined benefit plans

-

-

-

-

-

-

-

(361,780)

(361,780)

-

(361,780)

Net exchange differences on transaction

of foreign operations

-

-

-

-

304

-

-

-

304

131

435

Income tax on other comprehensive

income

-

-

-

-

-

-

-

108,534

108,534

-

108,534

Total other comprehensive income

-

-

-

-

304

-

-

(253,246)

(252,941)

131

(252,811)

Balance as at 30 September 2024

340,000

1,700,000

43,901

121,652

1,525

195,558

22,718

5,698,417

8,123,772

92,833

8,216,605

Company

Revenue reserves

Bearer

Stated

General

Timber

Biological

Retained

Total

Capital

Reserve

Reserve

Produce

Earnings

Equity

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Balance as at 01 April 2023

340,000

1,700,000

186,211

28,659

2,877,840

5,132,711

Profit for the period

-

-

-

-

161,606

161,606

Dividends

-

-

-

-

(170,000)

(170,000)

Balance as at 30 September 2023

340,000

1,700,000

186,211

28,659

2,869,446

5,124,317

Balance as at 01 April 2024

340,000

1,700,000

195,558

22,717

3,282,771

5,541,046

Profit for the period

-

-

-

-

261,618

261,618

Other comprehensive income

-

-

-

-

(253,246)

(253,246)

Balance as at 30 September 2024

340,000

1,700,000

195,558

22,717

3,291,143

5,549,418

Revaluation Reserve relates to the revaluation of land and represents the fair value of the land as at the date of revaluation.

Foreign Currency Transaction Reserve comprises all foreign currency differences arising from the transaction of the financial statements of foreign operations. Fair value reserve of Financial assets at FVOCI relates to change in fair value of Financial assets at FVOCI financial assets.

General Reserves set aside for future distribution and investment.

The Timber Reserve relates to change in fair value of managed trees which includes commercial timber plantations cultivated on Estates.

Company Reg. No. - PQ 58

KELANI VALLEY PLANTATIONS PLC

400, Deans Road Colombo 10.

Interim Financial Statements for the Six months ended 30 September 2024

STATEMENT OF CASH FLOWS

Group

Audited Year ended 31.03.2024 Rs. '000

1,849,441

121,851

383,641

(465,762)

(21,875)

(3,405)

(38,870)

431,486

60,725

2,296

(8,137)

275,390

(33,499)

(6,941)

(558)

2,545,783

326,846

(102,693)

(58,777)

(162,133)

50,141

-

2,599,167

(121,851)

(120,371)

(411,208)

(282,085)

1,663,652

(222,210)

297,631

38,870

(504,004)

27,397

-

(139,858)

-

(502,174)

1,161,478

(184,540)

(21,900)

(95,140)

3,846,795

(4,242,696)

150,250

(161,742)

35,724

(673,249)

488,229

1,589,276

2,077,505

Company

Group

Company

Audited

Unaudited

Unaudited

Unaudited

Unaudited

Year ended

06 months to

06 months to

06 months to

06 months to

31.03.2024

30.09.2024

30.09.2023

30.09.2024

30.09.2023

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Cash Flows from Operating Activities

1,315,971

Profit/(loss) before tax

729,765

673,660

338,852

215,923

Adjustments for :

121,851

Interest on government lease

77,545

52,849

77,545

52,849

37,984

Finance expenses

165,519

201,457

12,156

20,156

(310,738)

Finance Income

(203,335)

(292,529)

(96,410)

(183,852)

(7,043)

Profit on disposal of property, plant & equipment

(29,390)

(18,910)

(5,671)

(4,498)

(3,405)

Net gains on fair value of biological assets

-

-

-

-

(194,080)

Dividend income

-

(13,237)

-

(13,237)

320,762

Depreciation

221,507

213,252

164,016

160,124

60,725

Amortisation of intangible assets

1,064

1,259

-

-

-

Amortisation Right-of-use assets

28,627

27,458

28,627

27,458

-

Share of (profit)/loss from equity accounted investee

(3,275)

(162)

-

-

259,891

Provision for retirement benefit obligations

215,840

99,130

207,236

92,972

(33,499)

Amortisation of capital grants

(17,611)

(16,750)

(17,611)

(16,750)

(12,451)

Provision/(reversal) for obsolete inventories

7,026

4,681

(8,112)

(11,708)

(707)

Provision/(reversal) for doubtful debts

(3,114)

(18)

(2,976)

(36)

1,555,261

Operating profit before working capital changes

1,190,168

932,140

697,652

339,401

55,099

(increase)/ decrease in inventories

15,126

648,530

70,541

178,822

(118,057)

(increase)/ decrease in trade and other receivables

(135,428)

98,168

81,719

87,713

(23,967)

(increase)/ decrease in amount due from related companies

(24,968)

(78,357)

(44,956)

(37,337)

(212,901)

increase/ (decrease) in trade and other payables

141,370

(180,379)

(155,813)

(37,762)

43,656

increase/ (decrease) in amount due to related companies

(2,750)

(11,973)

(17,759)

(22,182)

-

Increase/ (decrease) in equity accounted investee

14,064

-

-

-

1,299,091

Cash generated from operating activities

1,197,582

1,408,129

631,384

508,655

(121,851)

Interest paid on Government lease

(77,545)

(52,849)

(77,545)

(52,849)

(33,131)

Interest paid

(57,132)

(79,446)

(12,156)

(20,156)

(219,132)

Taxes paid

(377,468)

(271,046)

(262,467)

(174,058)

(278,983)

Retirement benefit obligations paid

(67,575)

(149,971)

(64,317)

(147,999)

645,994

Net cash flow from operating activities

617,862

854,817

214,899

113,593

Cash Flows from Investing Activities

(222,210)

Field development expenditure

(199,566)

(103,391)

(199,566)

(103,391)

283,352

Interest received

126,720

194,104

95,180

187,930

132,880

Dividends received

-

13,237

61,710

13,237

(123,814)

Acquisition of property, plant & equipment

(463,500)

(180,921)

(123,153)

(111,679)

9,042

Proceeds from disposal of property, plant & equipment

32,790

25,343

5,671

6,498

(500,000)

Investment in subsidiaries

-

-

-

(500,000)

-

Investments in equity accounted investee

-

(122,379)

-

-

-

Acquisition of intangible assets

(1,169)

-

-

-

(420,750)

Net cash used in investing activities

(504,725)

(174,007)

(160,158)

(507,405)

225,244

Net cash Inflow/(outflow) before financing activities

113,137

680,810

54,741

(393,812)

Cash flows from financing activities

(184,540)

Dividend paid

-

(102,000)

-

(102,000)

(21,900)

Capital settlement of net liability to lessor

(2,060)

(9,754)

(2,060)

(9,754)

(3,722)

Exchange gain/(loss)

(31,773)

(23,587)

1,230

(4,078)

200,000

Short-term loans obtained during the period

3,603,361

2,925,624

350,000

-

(200,000)

Short-term loans repaid during the period

(3,396,468)

(3,488,089)

(250,000)

-

-

Long term loans obtained during the period

-

153,125

-

-

(4,500)

Long term loans repaid during the period

(28,021)

(124,324)

(2,250)

(2,250)

35,724

Grants received

-

20,950

-

20,950

(178,938)

Net cash used in financing activities

145,039

(648,055)

96,920

(97,132)

46,306

Net increase / (decrease) in cash and cash equivalents

258,175

32,755

151,661

(490,944)

1,430,568

Cash and cash equivalents at the beginning of the period

2,077,505

1,589,276

1,476,874

1,430,568

1,476,874

Cash and cash equivalents at the end of the period (Note A)

2,335,680

1,622,031

1,628,535

939,624

Note A : Analysis of cash and cash equivalents

549,111

298,924

Cash and bank balances

358,492

638,595

32,203

71,242

1,528,627

1,177,950

Short-term deposits

2,263,602

1,246,048

1,882,746

1,129,351

2,077,738

1,476,874

2,622,094

1,884,643

1,914,949

1,200,593

(233)

-

Bank overdraft

(286,414)

(262,612)

(286,414)

(260,969)

2,077,505

1,476,874

Cash and cash equivalents

2,335,680

1,622,031

1,628,535

939,624

Figures in brackets indicate deductions

Notes to the Financial Statements:

  1. The Interim Financial Statements of the Company/Group are unaudited and have been prepared in accordance with Sri Lanka Financial Reporting Standards (SLFRS/LKAS) and are in compliance with Sri Lanka Accounting Standard 34-Interim Financial Reporting. Further, provisions of the Companies Act No.7 of 2007 have been considered in preparing the Interim Financial Statements of the Company/Group.
    The Interim Condensed Financial Statements also provide information required by the Colombo Stock Exchange.
  2. There were no changes to the Accounting Policies and methods of computation since the publication of the Annual Report for the year ended 31 March 2024.
  3. The Secretary to the Ministry of Labour and Foreign Employment has declared, by Notice published in the Gazette Extraordinary No. 2401/24 dated 12 September 2024, that with effect from 10 September 2024, the minimum rate of daily wages for time work in the Tea Growing and Manufacturing Trade and the Rubber Cultivation and Raw Rubber Processing Trade has been increased from Rs. 1,000/- to Rs. 1,350/-.
  4. No circumstances have arisen since the Statement of Financial Position date, which would require adjustments to the Interim Financial statements.
  5. Financial statements do not include/classify Actuarial gain/loss on defined benefit plan cost as the valuation is done at the financial year end.
  6. There are no known contingent liabilities exist as at the statement of financial position date.
  7. The presentation and classification of the Interim Financial Statements of the previous year have been amended, where relevant, for better presentation and to be comparable with those of the current year.
  8. The managing agent DPL Plantations (Pvt) Ltd has waived off the management fees with effective from 2007.
  9. Gains or losses arising from biological transformation for the period of six months have not been recognised in the accounts assuming that the physical and price changes if occurred during the short period considered as immaterial.

10 Segmental Information (Rs.'000) - Group

Tea

Rubber

Others

Less : Intra-group sales (Tea)

11 Segmental Information (Rs.'000) - Company

Revenue

06 months to

06 months to

30.09.2024

30.09.2023

10,687,696

9,377,734

1,088,531

757,554

66,066

66,480

(102,832)

(95,464)

11,739,461

10,106,304

Gross Profit

06 months to

06 months to

30.09.2024

30.09.2023

1,221,222

1,159,068

170,127

10,327

37,692

40,181

-

-

1,429,041

1,209,576

Tea

Rubber

Others

Revenue

06 months to

06 months to

30.09.2024

30.09.2023

2,749,043

2,658,127

1,088,531

757,554

16,574

17,491

3,854,148

3,433,172

Gross Profit

06 months to

06 months to

30.09.2024

30.09.2023

400,394

271,081

170,127

10,327

  1. 2,511
    569,618283,919

Investor Information

06 Months

06 Months

Market value of shares

30.09.2024

30.09.2023

Rs.

Rs.

Last Treaded price

73.00

78.90

Highest price recorded for the six months ending

83.00 (11.06.24)

89.80 (25.07.23)

Lowest price recorded for the six months ending

66.10 (03.09.24)

68.60 (08.06.23)

Highest price recorded for the three months ending

77.50 (01.07.24)

89.80 (25.07.23)

Lowest price recorded for the three months ending

66.10 (03.09.24)

70.20 (07.07.23)

Market capitalisation (Rs.Mn)

4,964

5,365

Share trading from 1 July to 30 September

No. of Transactions

2,024

5,407

No. of Shares traded

727,798

3,695,027

Value of shares traded ( Rs. )

51,914,821

298,887,501

Share trading from 1 April to 30 September

No. of Transactions

4,534

8,158

No. of Shares traded

2,235,380

5,631,537

Value of shares traded ( Rs. )

165,672,650

440,805,586

Ratios

Net assets per share

119.47

109.80

Price earning ratio (times)

4.84

2.79

First twenty shareholders as at 30 September 2024

Name of Shareholder

No. of Shares

%

1

DPL PLANTATIONS (PRIVATE) LIMITED

49,253,800

72.43

2

BANK OF CEYLON A/C CEYBANK UNIT TRUST

1,039,508

1.53

3

MR.GEORGE MOHAN WEERAKOON

957,646

1.41

4

MR.TALIB TAWFIQ TALIB AL-NAKIB (DECEASED)

610,000

0.90

5

DR.DILESH JAYANNTHA

568,200

0.84

6

DR.MOHAMED ARAFATH AKRAM MOHAMED AKRAM

552,795

0.81

7

MRS.UDUWAGE DONA DEEPTHIKA NILMINI PERERA

478,475

0.70

8

DEUTSCHE BANK AG-NATIONAL EQUITY FUND

400,000

0.59

9

MR.HASHIM AHMED ALSAYID HASHIM ALGHARABALLY

291,400

0.43

10

J.B.COCOSHELL (PVT) LTD

241,306

0.35

11

SEYLAN BANK PLC/MOHAMED MUSHTAQ FUAD

207,000

0.30

12

MR.MOHAMED HEEBATHULLA MUHAMMATH FAWSAN

200,000

0.29

14

MR.SARATH CLEMENT GANEGODA

165,000

0.24

13

MACKSONS HOLDINGS ( PVT ) LTD

160,027

0.24

15

MR.ZOEBALY GULAMABASS CARIMJEE

147,734

0.22

16

DFCC BANK PLC/P. MURALITHARAN

145,614

0.21

17

MR.MOHAMED IMTIZAM ABDUL HAMEED

141,200

0.21

18

HATTON NATIONAL BANK PLC/MUSHTAQ MOHAMED FUAD

131,676

0.19

19

MR.ANTON VASANTHAKUMAR EMMANUEL & MRS. S. EMMANUEL

128,900

0.19

20

MRS.JASBINDERJIT KAUR PIARA SINGH

120,000

0.18

TOTAL

55,940,281

82.27

There were no non-voting shares as at 30 Septembere 2024.

PERCENTAGE OF PUBLIC HOLDING AS AT 30.09.2024

27.32

Total No. of shareholders represent in the public holding

16,391

Float adjusted market capitalization (Rs.)

1,365,453,600

The Company complies with option 5 of the Listing Rules 7.13.1 (i) (a) Less than Rs.2.5Bn

Float Adjusted Market Capitalization which requires 20% minimum Public Holding.

The Golden Share holder

The Golden share of Rs.10/- held by the Secretary to the Treasury, enjoy the following special rights.

The concurrence of the Golden Shareholder should be obtained to sub-lease estate lands and amend the Articles of Association of the company in which the Golden shareholders rights are given.

The Golden Shareholder, or his nominee, has the right to examine the books and accounts of the Company.

The Company is required to submit a detailed quarterly report to the Golden Shareholder.

The Golden Shareholder can request the Board of Directors of the Company to meet with him.

Directors Shareholdings as at 30 September 2024.

Name of shareholder

No. of shares

Mr.W.G.R.Rajadurai

4,382

Mr.S.C.Ganegoda

165,000

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