Lake House Printers & Publishers PlcCSELK: LPRT.N0000

Interim Accounts for 09 months ended 31st December 2024

· Issued by Lake House Printers & Publishers Plc

LAKE HOUSE PRINTERS & PUBLISHERS PLC

INTERIM ACCOUNTS

FOR THE 09 MONTHS ENDED 31ST DECEMBER 2024

LAKE HOUSE PRINTERS & PUBLISHERS PLC

CORPORATE INFORMATION

Legal Status

A Quoted Public Company

Registered Number - PQ 175

Board of Directors

R.S.Wijewardene (Chairman)

P.S.Wijewardene

R.C.Samarasinghe

Prof.L.R.Watawala (Independent)

D.F.R.Jayamaha (Independent)

D.R.Wijewardene

Secretary

D.P.A.N.Kumara

Auditors

KPMG

Chartered Accountants

Bankers

Bank of Ceylon,Corporate Branch.

Sampath Bank PLC,Headquarters Branch.

NDB Bank PLC,Headquarters Branch.

Commercial Bank PLC,Dharmapala Mawatha Branch.

Commercial Bank PLC,W.A.D.Ramanayake Mawatha Branch.

DFCC Bank PLC,Head Office Branch.

Registered Office

No.41,W.A.D.Ramanayake MW,Colombo, 02.

Fax

011-2449504

E - Mail

lhpp@sltnet.lk

Http://www.lhppl.com

Telephone 0112433272-3

112332271

LAKE HOUSE PRINTERS & PUBLISHERS PLC

INCOME STATEMENT FOR THE 09 MONTHS ENDED 31ST DECEMBER 2024

In conformity with the Colombo Stock Exchange Regulations, we give below a summary of our performance for the 9 Months ended 31st December 2024

Company

Company

3 Months

3 Months

9 Months

9 Months

Ended

Variance

Ended

Ended

Variance

Ended

31.12.2024

%

31.12.2023

31.12.2024

%

31.12.2023

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Revenue

288,239

(53.3)

616,744

992,644

(37.7)

1,592,460

Cost of Sales

(204,170)

(55.3)

(456,294)

(752,147)

(34.4)

(1,145,734)

Gross Profit

84,069

(47.6)

160,450

240,498

(46.2)

446,726

Other Income

6,889

18.4

5,820

20,046

2.1

19,627

Administration Expenses

(66,674)

(0.7)

(67,153)

(156,972)

(10.5)

(175,413)

Distribution Expenses

(23,350)

(64.7)

(66,199)

(72,751)

(50.4)

(146,598)

Other Operating Expenses

-

-

-

-

Results From Operating Activities

934

97.2

32,917

30,821

(78.6)

144,342

Finance Income

5,400

5.9

5,100

15,900

21.4

13,100

Finance Costs

(837)

(31.8)

(1,227)

(2,827)

(57.3)

(6,622)

Share of Profit of Associate (Net of Tax)

-

-

-

-

Profit Before Taxation

5,497

(85.1)

36,790

43,895

(70.9)

150,820

Income Tax Expenses

(1,649)

88.8

(14,737)

(13,168)

(73.1)

(48,946)

Profit For the Period

3,848

82.6

22,053

30,726

(69.8)

101,874

Other Comprehensive Income

-

-

-

-

-

-

Profit for The Period

3,848

82.6

22,053

30,726

(69.8)

101,874

Basic Earnings Per Ordinary Share (Rs.)

1.31

7.51

10.46

34.69

THE ABOVE FIGURES ARE PROVISIONAL AND SUBJECT TO AUDIT.

………………………………

Director

Director

14/02/2025

14/02/2025

LAKE HOUSE PRINTERS & PUBLISHERS PLC

INCOME STATEMENT FOR THE 09 MONTHS ENDED 31ST DECEMBER 2024

In conformity with the Colombo Stock Exchange Regulations, we give below a summary of our performance for the 9 Months ended 31st December 2024

GROUP

GROUP

3 Months

3 Months

9 Months

9 Months

Ended

Variance

Ended

Ended

Variance

Ended

31.12.2024

%

31.12.2023

31.12.2024

%

31.12.2023

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Revenue

288,328

(53.3)

616,833

992,914

(37.7)

1,592,730

Cost of Sales

(204,170)

(55.3)

(456,294)

(752,147)

(34.4)

(1,145,734)

Gross Profit

84,158

(47.6)

160,539

240,767

(46.1)

446,996

Other Income

6,888

(107.5)

3,320

19,201

2.4

19,672

Administration Expenses

(66,974)

(1.2)

(67,754)

(157,969)

(10.6)

(176,770)

Distribution Expenses

(23,351)

(64.7)

(66,199)

(72,751)

(50.4)

(146,598)

Other Operating Expenses

-

-

-

-

-

Results From Operating Activities

721

97.6

29,906

29,248

(79.6)

143,300

Finance Income

8,448

(45.3)

15,440

25,734

(18.7)

31,643

Net Finance Costs

(837)

31.8

(1,227)

(2,827)

(57.3)

(6,622)

Share of Profit of Associate (Net of Tax)

-

-

-

-

-

Profit Before Taxation

8,332

81.1

44,119

52,155

(69.0)

168,321

Income Tax Expenses

(2,453)

85.5

(16,936)

(15,804)

(70.8)

(54,196)

Profit For the Period

5,879

78.4

27,183

36,351

(68.1)

114,125

Other Comprehensive Income

-

-

-

-

-

Profit for The Period

5,879

78.4

27,183

36,351

(68.1)

114,125

Basic Earnings Per Ordinary Share (Rs.)

2.00

9.26

12.38

38.86

THE ABOVE FIGURES ARE PROVISIONAL AND SUBJECT TO AUDIT.

Director

Director

14/02/2025

14/02/2025

LAKE HOUSE PRINTERS & PUBLISHERS PLC

SUMMARISED BALANCE SHEET AS AT 31ST DECEMBER 2024

AUDITED

GROUP

COMPANY

GROUP

COMPANY

31.03.2024

31.03.2024

31.12.2024

31.12.2023

31.12.2024

31.12.2023

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

ASSETS

Non Current Assets

22,518

24,705

Property, Plant and Equipment

25,624

23,794

27,654

23,794

356,419

356,419

Investment Property

356,419

348,251

356,419

348,251

-

2,984

Investment in Subsidiary

-

-

2,984

2,984

-

-

Investment in Equity Accounted Investee

-

-

-

-

21,165

21,159

Other Investments

21,165

20,037

21,159

20,032

400,102

405,267

Total Non Current Assets

403,208

392,082

408,216

395,061

Current Assets

160,437

160,437

Inventories

114,714

192,719

114,714

192,719

100,516

96,693

Trade Debtors and Other Receivables

96,902

64,404

94,817

61,665

28,766

28,766

Amounts Due from Related Parties

30,206

31,541

30,176

31,541

7,000

-

Loans Given to Related Parties

12,000

28,500

-

-

460,387

328,802

Cash and Cash Equivalents

479,797

380,501

349,311

272,874

757,106

614,698

Total Current Assets

733,619

697,665

589,018

558,799

1,157,208

1,019,965

TOTAL ASSETS

1,136,827

1,089,747

997,234

953,860

EQUITY AND LIABILITIES

Capital and Reserves

35,247

35,247

Stated Capital

35,247

35,247

35,247

35,247

6,197

6,197

Capital Reserves

6,197

6,197

6,197

6,197

217,232

217,232

Revaluation Reserve

217,232

217,232

217,232

217,232

17,555

17,547

Fair Value Reserve

17,555

16,426

17,547

16,420

738,333

604,742

Retained Earnings

757,062

701,406

617,845

568,559

1,014,564

880,965

Total Equity Attributable to Equity Holders of the Company

1,033,293

976,508

894,068

843,655

1,014,564

880,965

Total Equity

1,033,293

976,508

894,068

843,655

Non - Current Liabilities

29,690

29,690

Deferred Liabilities

29,690

24,956

29,690

24,956

19,326

19,326

Retirement Benefit Obligations

24,054

15,516

24,054

15,516

-

-

Interest Bearing Borrowings

-

-

-

-

-

Loans from Related Parties

-

-

-

49,016

49,016

Total Non Current Liabilities

53,744

40,472

53,744

40,472

Current Liabilities

-

-

Interest Bearing Borrowings

-

-

-

-

71,238

70,980

Trade and Other Payables

43,070

55,589

42,881

55,366

21,747

18,361

Current Taxation

5,516

16,176

5,337

13,365

643

643

Bank Overdrafts

1,204

1,002

1,204

1,002

93,628

89,984

Total Current Liabilities

49,790

72,767

49,422

69,733

142,644

139,000

TOTAL LIABILITIES

103,534

113,239

103,166

110,205

1,157,208

1,019,965

TOTAL EQUITY AND LIABILITIES

1,136,827

1,089,747

997,234

953,860

345.44

299.95

Net Assets Per Share (Rs.)

351.82

332.48

304.42

287.25

--

Director

Director

14/02/2025

14/02/2025

LAKE HOUSE PRINTERS & PUBLISHERS PLC

STATEMENT OF CHANGES IN EQUITY

FOR 9 MONTHS ENDED 31ST DECEMBER 2024

GROUP

STATED

CAPITAL

REVALUATION

AVAILABLE FOR

RETAINED

TOTAL

CAPITAL

RESERVES

RESERVE

SALE RESERVE

EARNINGS

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Balance as at 1st April, 2023

35,247

6,197

217,232

16,426

601,967

877,069

Net Profit for the Period

-

-

-

-

114,125

114,125

Other Comprehensive Income

-

-

-

-

-

-

Transaction with Equity Holders

Contribution by and Distribution to Equity Holders

Dividend Paid

(14,686)

(14,686)

Balance as at 31st December 2023

35,247

6,197

217,232

16,426

701,406

976,508

Balance as at 1st April, 2024

35,247

6,197

217,232

17,555

738,334

1,014,565

Net Profit for the Period

36,351

36,351

Other Comprehensive Income

Transaction with Equity Holders

Contribution by and Distribution to Equity Holders

Dividend Paid

(17,623)

(17,623)

Balance as at 31st December 2024

35,247

6,197

217,232

17,555

757,062

1,033,293

COMPANY

STATED

CAPITAL

REVALUATION

AVAILABLE FOR

RETAINED

TOTAL

CAPITAL

RESERVES

RESERVE

SALE RESERVE

EARNINGS

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Balance as at 1st April, 2023

35,247

6,197

217,232

16,420

481,371

756,467

Net Profit for the Period

-

-

-

-

101,874

101,874

Other Comprehensive Income

Transaction with Equity Holders

Contribution by and Distribution to Equity Holders

Dividend Paid

-

-

-

-

(14,686)

(14,686)

Balance as at 31st December 2023

35,247

6,197

217,232

16,420

568,559

843,655

Balance as at 1st April, 2024

35,247

6,197

217,232

17,547

604,742

880,965

Net Profit for the Period

30,726

30,726

Other Comprehensive Income

Transaction with Equity Holders

Contribution by and Distribution to Equity Holders

Dividend Paid

-

-

-

-

(17,623)

(17,623)

Balance as at 31st December 2024

35,247

6,197

217,232

17,547

617,845

894,068

STATED CAPITAL

GROUP

COMPANY

31.12.2024

31.12.2023

31.12.2024

31.12.2023

Rs.'000

Rs.'000

Rs.'000

Rs.'000

2,937,245 Ordinary Shares

35,247

35,247

35,247

35,247

LAKE HOUSE PRINTERS & PUBLISHERS PLC

CASH FLOW STATEMENT

FOR 09 MONTHS ENDED 31ST DECEMBER 2024

GROUP

COMPANY

31.12.2024

31.12.2023

31.12.2024

31.12.2023

Rs.'000

Rs.'000

Rs.'000

Rs.'000

CASH FLOWS FROM OPERATING ACTIVITIES

Profit/(Loss) before Tax

52,155

168,321

43,895

150,820

Adjustments for:

Dividend Income

-

-

(845)

-

Profit on Disposal of Property, Plant & Equipment

-

-

-

-

Profit on Sale of Shares

-

-

-

-

Provision for Retiring Gratuity

5,717

3,890

5,717

3,890

Depreciation

5,446

6,570

5,603

6,570

Interest income

(25,734)

(31,643)

(15,900)

(13,100)

Interest Expense

2,827

6,622

2,827

6,622

Operating Profit Before Working Capital Changes

40,411

153,760

41,297

154,802

(Increase)/Decrease in Inventories

45,723

65,508

45,723

65,508

(Increase)/Decrease in Trade & Other Receivables

3,614

205,224

1,876

199,791

(Increase)/Decrease in Dues from Related Companies

(1,440)

(3,738)

(1,412)

(3,828)

Increase/(Decrease) in Trade & Other Creditors

(28,168)

(152,598)

(28,099)

(152,582)

Increase/(Decrease) in Dues to Related Companies

-

-

-

-

Cash Generated from Operations

60,140

268,156

59,385

263,691

Interest Paid

(2,827)

(6,622)

(2,827)

(6,622)

Gratuity Paid

(989)

(3,308)

(989)

(3,308)

Taxation Paid

(32,034)

(73,421)

(26,191)

(67,590)

Net Cash Flow Generated from Operating Activities

24,290

184,805

29,378

186,171

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of Property,Plant & Equipment

(8,552)

(4,399)

(8,552)

(4,399)

Proceeds from Sale of Property,Plant & Equipment

-

-

-

-

Interest Received

25,734

31,643

15,900

13,100

Dividend Paid

(17,623)

(14,686)

(17,623)

(14,686)

Dividend Received

-

-

845

-

Purchase of Shares/Proceeds on Sale of Shares

-

-

-

-

Investments in Treasury Bills

-

-

-

-

Net Cash Flow Generated from Investing Activities

(441)

12,558

(9,430)

(5,985)

CASH FLOWS FROM FINANCING ACTIVITIES

TR Loans Obtained

31,083

102,567

31,083

102,567

TR Loans Repayments

(31,083)

(157,567)

(31,083)

(157,567)

Lease Rentals Paid

-

-

-

-

Loan to Related Parties

(5,000)

(28,500)

-

-

Net Cash Flow used in Financing Activities

(5,000)

(83,500)

-

(55,000)

Net Increase in Cash & Cash Equivalents

18,849

113,863

19,948

125,186

Cash & Cash Equivalents at 1st April

459,744

265,636

328,159

146,686

Cash & Cash Equivalents at 31 December

478,593

379,499

348,107

271,872

LAKE HOUSE PRINTERS & PUBLISHERS PLC

INVESTOR INFORMATION

GROUP

COMPANY

31.12.2024

31.12.2023

31.12.2024

31.12.2023

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Net Assets Value Per Share Rs.

351.82

332.48

304.42

287.25

Earnings / (Loss) Per Ordinary Share (Rs.)

12.38

38.86

10.46

34.69

Market Value Per Share(Rs.)

-

-

275.00

166.00

Highest price per share for the period (Rs.)

-

-

289.00

223.00

Lowest price per share for the period (Rs.)

-

-

175.50

150.00

Number Of Shares

-

-

2,937,245

2,937,245

Public Holding

The company complies with the minimum public holding requirement under Table 1 Option 5 (as per the CSE Directive of 17th November 2017), as

at 31st December 2024.

- Number of Shareholders

672

- No,of Shares

765,434

- As a Percentage

26.06%

It is not a requirement under Option 5 of Table 1 to disclose the Float Adjusted Market Capitalization of the Company. However, for purposes of information, the Float Adjusted Market Capitalization of the Company as at 31st december 2024 was Rs.177.7Mn.

NOTES TO THE ACCOUNTS

1 Segmental Reporting

Security Printing

Security Cards

Atlas

Others

Plantations

Group

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Revenue

227,281

763,666

1,697

-

270

992,914

Other Operating Income

-

-

-

-

9,843

44,935

Profit from Operations

-

-

-

-

-

29,248

Finance Cost

-

-

-

-

-

(2,827)

Profit Before Tax

-

-

-

-

-

52,155

Income Tax Expenses

-

-

-

-

-

(15,804)

Profit for the Period

-

-

-

-

-

36,351

Assets

Segment Assets

155,292

107,048

3,250

351,060

139,593

756,243

Investment Property

-

-

-

-

-

359,419

Investments in Associates

-

-

-

-

-

-

Other Investments

-

-

-

21,159

6

21,165

Total Assets

155,292

107,048

3,250

372,219

139,599

1,136,827

Liabilities

Deferred Taxation

-

-

-

-

-

29,690

Segment Liabilities

5,588

10,483

-

33,351

368

49,790

Interest Bearing Borrowings

-

-

-

-

-

-

Retirement Benefit Obligations

-

-

-

-

-

24,054

Total Liabilities

5,588

10,483

-

33,351

368

103,534

  1. The figures are provisional and unaudited.
  2. The Accounting policies and methods of computation are consistent with those followed during the previous financial year.
  3. There have not been any significant changes in the nature of the contingent liabilities, which were disclosed in the Annual Report for the year ended, 31st March 2024, nor events subsequent to the end of the reporting period that require disclosure.
  4. Any Change in Fair Value of Investment Property and Available for Sale Investment as at 31st December 2024 are not incorporated in the Accounts.
  5. The Accounts are prepared in compliance with SLFRS and CSE listing rules to the best of our knowledge subject to note 05 above.
  6. Unquoted Investments

31.12.2024

31.12.2023

Holding

No of

Cost

Holding

No of

Cost

Shares

Shares

%

000,

Rs.'000

%

000,

Rs.'000

L.H Plantations (Pvt) Ltd

100

1990

2,983

100

1990

2,983

(Nominal Value Rs.10.00 per share)

LAKE HOUSE PRINTERS & PUBLISHERS PLC

INVESTOR INFORMATION

TOP TWENTY SHARE HOLDERS

AS AT 31ST DECEEMBER 2024

NAME

NO, OF SHARES

%

1

Mr. R.S.Wijewardene

1,052,087

35.82%

2

Mr. D.R.Wijewardene

962,612

32.77%

3

MR.D.N.Wijewardane

161,721

5.51%

4

Mr.P.S.Wijewardene

108,282

3.69%

5

Mr.A.I.Goonerathne

94,046

3.20%

6

Mrs.A.I.Wijesundere

66,123

2.25%

7

Mrs.R.N.Wijewardene

48,830

1.66%

8

Mr.N.D.P.Hettiarachchi

39,519

1.35%

9

Mr.Ranil Wickremasinghe

38,964

1.33%

10

Mrs.I.N.Wijewardene

37,425

1.27%

11

Mr.N.W.W.Welgama

32,584

1.11%

12

Mr.R.N.Wickremasinghe

30,238

1.03%

13

Mr.K.A.Weerathunge

29,730

1.01%

14

Estate of Late Mr.P.Sivali Wijewardene

28,630

0.97%

15

Mr.A.L.Goonerathne

20,000

0.68%

16

Miss.R.M.Wijewardane

18,111

0.62%

17

Ms.V.S.Wijewardene

14,038

0.48%

18

Ms.A.R.Wijewardene

11,722

0.40%

19

E Channelling PLC

10,697

0.36%

20

Mrs.A.D.Jayawardena

10,128

0.34%

2,815,487

95.85%

DIRECTORS SHARE HOLDING AS AT 31ST DECEMBER 2024

NAME

NO, OF SHARES

%

Mr. R.S.Wijewardene

1,052,087

35.82%

Mr. D.R.Wijewardene

962,612

32.77%

Mr.P.S.Wijewardene

108,282

3.69%

Mr.R.C.Samarasinghe

NIL

NIL

Prof.L.R.Watawala

NIL

NIL

Mr.D.F.R.Jayamaha

NIL

NIL

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