WATAWALA PLANTATIONS PLC
INTERIM CONDENSED FINANCIAL STATEMENTS
Quarter ended 31 December, 2024
002 WATAWALA PLANTATIONS PLC
INTERIM CONDENSED FINANCIAL STATEMENTS
Management Review
Dear Shareholder,
Watawala Plantations PLC (CSE: WATA)
Watawala Plantations PLC posted a revenue of LKR 6,025 million at group level for the nine months ending 31st December 2024 (9MFY25), down 7.1% YoY due to a 5.3 % YoY decrease in revenue in the oil palm business and a 15.8% YoY decrease in revenue in the dairy business.
Profit after tax (PAT) at group level was LKR 1,473 million, down 27.6% YoY. The decrease in net profit was due to the increase in tax expenditure arising from the change in rate of tax and an impairment due to change in fair value of biological assets. The net assets per share at group level decreased to LKR 22.81 as of 31st December 2024 from LKR 31.47 as of 31st March 2024.
Oil Palm
Revenue was LKR 5,108 million in 9MFY25, down 5.3% YoY due to the drop in both price and volume compared to the same period last year. Volumes were lower than last year same period primarily due to weather impact and industrial action owing to the wage negotiations that were ongoing during the second quarter, and a lower volume of crop processed in the third quarter. Cost of sales decreased 13.5% YoY primarily due to the lower fertilizer cost.
Dairy
Revenue was LKR 917 million in 9MFY25, down 15.8% YoY due to a drop in both volume and price. Cost of sales reduced 22.9% YoY due to the reduction in cost of feed. The impairment on fair valuation of livestock of LKR 253 million impacted the results.
Cinnamon and other crops
The new cinnamon processing centre operated through the quarter with harvests improved from the over 100 hectares of cinnamon cultivated by the company. A net income of LKR 12 million was generated in 9MFY25 by other crops which includes cinnamon, tea, rubber, and coconut.
Outlook
Global palm oil prices surged in 4Q 2024 due to lower production in Indonesia and Malaysia. However, the palm oil prices are expected to gradually reduce as palm oil production rebounds. Meanwhile, the domestic palm oil price increased in the latter part of the quarter, and the next quarter will benefit from a higher price. However, the impact from the increase in price is expected to be marginally offset by a dip in production due to the volatile weather conditions.
The Dairy operation is expected to sustain the milk yield and reduce feed cost due to better management of cattle feed.
The Company has decided to implement a share split of the ordinary share capital for Watawala Plantations PLC (5 shares for every 1 share) aimed at improving liquidity and accessibility to investors.
5 February 2025
WATAWALA PLANTATIONS PLC 003
INTERIM CONDENSED FINANCIAL STATEMENTS
Condensed Consolidated Income Statement
(all amounts in Sri Lankan Rupees thousands)
Revenue
Cost of sales
Gross profit
Other Income
Gain/(loss) on changes in fair value of biological assets
Administrative expenses
Selling and distribution expenses (SSCL)
Quarter ended 31 December | Nine months ended 31 December | |||||||||
2024 | 2023 | Change | 2024 | 2023 | Change | |||||
% | % | |||||||||
1,766,995 | 1,885,171 | -6% | 6,025,030 | 6,483,336 | -7% | |||||
(909,507) | (1,151,513) | -21% | (3,065,326) | (3,740,738) | -18% | |||||
857,488 | 733,658 | 17% | 2,959,704 | 2,742,598 | 8% | |||||
43,046 | 20,810 | 107% | 76,483 | 87,776 | -13% | |||||
- | - | n/a | (253,053) | (13,640) | 1746% | |||||
(118,003) | (114,537) | 4% | (387,550) | (374,654) | 4% | |||||
(32,089) | (32,214) | 0% | (109,679) | (118,488) | -7% | |||||
Operating profits
Finance Income
Finance Costs
Net Finance Income/(Costs)
Profit before income tax
Income tax expenses
Profit for the period
Profit is attributable to:
Equity holders of the parent
Non-controlling interests
Basic Earning per share (LKR)
Consolidated Statement of other Comprehensive Income
Profit for the period
Other comprehensive income for the period (net of tax)
Total comprehensive income for the period
Total comprehensive income attributable to
Equity holders of the parent
Non-controlling interests
Total comprehensive income for the period
750,442
39,441
(21,639)
17,802
768,244
(280,078)
488,166
490,581
(2,415)
488,166
2.41
488,166
-
488,166
490,581
(2,415)
488,166
607,717
38,391
(18,111)
20,280
627,997
(53,926)
574,071
568,190
5,881
574,071
2.79
574,071
-
574,071
568,190
5,881
574,071
23% | 2,285,905 |
3% | 128,440 |
19% | (72,232) |
-12% | 56,208 |
22% | 2,342,112 |
419% | (869,547) |
-15% | 1,472,565 |
1,498,900 | |
(26,335) | |
1,472,565 | |
7.37 | |
-15% | 1,472,565 |
- | |
-15% | 1,472,565 |
1,498,900 | |
(26,335) | |
1,472,565 |
2,323,592
120,373
(55,790)
64,583
2,388,175
(184,879)
2,203,296
2,203,039
257
2,203,296
10.84
2,203,296
-
2,203,296
2,203,039
257
2,203,296
-2%
7%
29%
-13%
-2%
370%
-28%
-33%
-33%
004 WATAWALA PLANTATIONS PLC
INTERIM CONDENSED FINANCIAL STATEMENTS
Condensed Company Income Statement
(all amounts in Sri Lankan Rupees thousands)
Revenue
Cost of sales
Gross profit
Other Income
Gain/(loss) on changes in fair value of biological assets
Administrative expenses
Selling and distribution expenses (SSCL)
Impairment of investment in subsidiary
Operating profits
Finance Income
Finance Costs
Net Finance Income/(Costs)
Profit before income tax
Income tax expenses
Quarter ended 31 December | Nine months ended 31 December | |||||||||
2024 | 2023 | Change % | 2024 | 2023 | Change % | |||||
1,467,525 | 1,485,418 | -1% | 5,395,017 | -5% | ||||||
5,108,285 | ||||||||||
(656,722) | (819,301) | -20% | (2,592,595) | -14% | ||||||
(2,242,091) | ||||||||||
810,803 | 666,117 | 22% | 2,866,194 | 2,802,422 | 2.3% | |||||
50,463 | 11,799 | 328% | (48,995) | -262% | ||||||
79,564 | ||||||||||
- | - | (5,795) | -122% | |||||||
1,249 | ||||||||||
(115,683) | (112,459) | 3% | (359,443) | 4% | ||||||
(372,397) | ||||||||||
(32,089) | (32,214) | 0% | (118,488) | -7% | ||||||
(109,679) | ||||||||||
- | - | - | n/a | |||||||
(139,056) | ||||||||||
713,494 | 533,243 | 34% | 2,325,874 | 2,269,701 | 2% | |||||
41,961 | 46,232 | -9% | 151,676 | -9% | ||||||
137,660 | ||||||||||
(19,747) | (13,908) | 42% | (44,744) | 40% | ||||||
(62,610) | ||||||||||
22,214 | 32,324 | -31% | 75,050 | 106,932 | -30% | |||||
735,708 | 565,567 | 30% | 2,400,924 | 2,376,633 | 1% | |||||
(223,591) | (49,841) | 349% | (175,884) | 358% | ||||||
(806,134) | ||||||||||
Profit for the period
Profit is attributable to:
Equity holders of the parent
Basic Earning per share (LKR)
Statement of other Comprehensive Income
Profit for the period
Other comprehensive income for the period (net of tax)
Total comprehensive income for the period
Total comprehensive income attributable to
Equity holders of the parent
Total comprehensive income for the period
512,117
512,117
2.52
512,117
-
512,117
512,117
512,117
515,726
515,726
2.54
515,726
-
515,726
515,726
515,726
-1% | 1,594,790 | 2,200,749 |
1,594,790 | 2,200,749 |
7.84 10.82
-1% | 1,594,790 | 2,200,749 |
- | - | - |
-1% | 1,594,790 | 2,200,749 |
1,594,790 | 2,200,749 | |
1,594,790 | 2,200,749 |
-28%
-28%
-28%
WATAWALA PLANTATIONS PLC | ||||||||||
INTERIM CONDENSED FINANCIAL STATEMENTS 005 | ||||||||||
Condensed Statement of Financial Position | ||||||||||
(all amounts in Sri Lankan Rupees thousands) | ||||||||||
Group | Company | |||||||||
30.12.2024 | 31.03.2024 | 30.12.2024 | 31.03.2024 | |||||||
Assets | ||||||||||
Non-current assets | ||||||||||
Right to use of assets | 424,333 | 359,850 | 428,551 | 363,888 | ||||||
Property, plant and equipment | 2,583,324 | 2,555,913 | 1,265,296 | 1,212,638 | ||||||
Intangible assets | 46,718 | 48,143 | 43,957 | 48,009 | ||||||
Bearer biological assets | 2,312,711 | 2,422,978 | 2,268,244 | 2,374,489 | ||||||
Biological assets-Consumable | 70,086 | 70,086 | - | - | ||||||
Biological assets -Livestock | 974,296 | 1,165,589 | - | - | ||||||
Investment fund | 11,158 | 51,393 | 11,158 | 51,393 | ||||||
Investment in subsidiaries | - | - | 1,992,161 | 2,131,217 | ||||||
Total non-current assets | 6,422,626 | 6,673,952 | 6,009,367 | 6,181,634 | ||||||
Current assets | ||||||||||
Inventories | 390,140 | 559,813 | 229,112 | 242,106 | ||||||
Biological assets-produce on bearer plants | 72,115 | 70,867 | 72,115 | 70,867 | ||||||
Current tax assets | 38,752 | 38,752 | 38,752 | 38,752 | ||||||
Trade and other receivables | 366,966 | 334,734 | 244,565 | 234,758 | ||||||
Loan given to related Company | - | - | 170,000 | 170,000 | ||||||
Amount due from related Companies | 418,591 | 31,747 | 709,513 | 289,143 | ||||||
Short term investments | 714,751 | 924,030 | 672,527 | 923,169 | ||||||
Cash and cash equivalents | 349,467 | 797,421 | 334,112 | 774,475 | ||||||
Total current assets | 2,350,782 | 2,757,364 | 2,470,696 | 2,743,270 | ||||||
Total assets | 8,773,408 | 9,431,316 | 8,480,063 | 8,924,904 | ||||||
Equity and liabilities | ||||||||||
Capital and reserves | ||||||||||
Stated capital | 511,848 | 511,848 | 511,848 | 511,848 | ||||||
Retained earnings | 4,126,132 | 5,676,862 | 4,540,264 | 5,995,104 | ||||||
Equity attributable to equity holders of the company | 4,637,980 | 6,188,710 | 5,052,112 | 6,506,952 | ||||||
Non controlling interests | 182,276 | 208,611 | - | - | ||||||
Total equity | 4,820,256 | 6,397,321 | 5,052,112 | 6,506,952 | ||||||
Liabilities | ||||||||||
Non-current liabilities | ||||||||||
Interest bearing borrowings | 513,889 | 39,090 | 500,000 | - | ||||||
Lease Liabilities | 480,546 | 401,592 | 489,867 | 411,297 | ||||||
Retirement benefit obligations | 370,065 | |||||||||
364,873 | 316,112 | 322,284 | ||||||||
Deferred income and capital grants | 34,763 | 36,726 | 34,763 | 36,726 | ||||||
Deferred tax liability | 1,061,193 | 978,449 | 735,286 | 715,956 | ||||||
Total non-current liabilities | 2,455,264 | 1,825,922 | 2,076,028 | 1,486,263 | ||||||
Current liabilities | ||||||||||
Interest bearing borrowings | 33,954 | 89,511 | - | - | ||||||
Lease Liabilities | 3,153 | 3,170 | 3,243 | 2,810 | ||||||
Trade and other payables | 914,045 | 916,493 | 841,885 | 810,620 | ||||||
Amount due to related Companies | 781 | 9,669 | 781 | 9,669 | ||||||
Current tax liabilities | 506,014 | 108,590 | 506,014 | 108,590 | ||||||
Bank overdrafts | 39,941 | 80,640 | - | - | ||||||
Total current liabilities | 1,497,888 | 1,208,073 | 1,351,923 | 931,689 | ||||||
Total liabilities | 3,953,152 | 3,033,995 | 3,427,951 | 2,417,952 | ||||||
Total equity and liabilities | 8,773,408 | 9,431,316 | 8,480,063 | 8,924,904 | ||||||
Net Assets Per Share | 22.81 | 31.47 | 24.85 | 32.01 |
It is certified that these financial statements have been prepared in compliance with the requirements of the Companies Act No 07 of 2007.
Dhammika Laksiri
Sector Financial Controller
The Board of Directors is responsible for the preparation and presentation of these financial statements. Approved and signed for and on behalf of Directors of Watawala Plantations PLC.
S.G Sathasivam | M R Mihular |
Director | Chairman |
5 February 2025 | |
Colombo |
006 WATAWALA PLANTATIONS PLC
INTERIM CONDENSED FINANCIAL STATEMENTS
Condensed Statement of changes in equity - Group
(all amounts in Sri Lankan Rupees thousands)
Stated Retained capital earnings
Total
Non controling interest
Total Equity
Balance at 1 April 2023
Profit for the period
Actuarial loss on retirement benefit obligations
Deferred tax on actuarial loss on retirement benefit obligations
Total comprehensive income for the year
511,848 5,768,337 6,280,185
- 2,358,770 2,358,770
- | (14,807) | (14,807) |
- | 4,266 | 4,266 |
- 2,348,229 2,348,229
222,804
(14,034)
(198)
39
(14,193)
6,502,989
2,344,736
(15,005)
4,305
2,334,036
Transactions with owners of the Company, recognised directly in equity
Effect on changes in effective holding in the subsidiary
Dividends paid
- (2,439,704) (2,439,704)
-
.
(2,439,704)
Total transactions with owners | - | (2,439,704) | (2,439,704) | - | (2,439,704) | |
Balance at 31 March 2024 | 511,848 | 5,676,862 | 6,188,710 | 208,611 | 6,397,321 |
Balance at 1 April 2024
Profit for the period
511,848 | 5,676,862 | 6,188,710 |
- 1,498,900 1,498,900
208,611
(26,335)
6,397,321
1,472,565
Total comprehensive income for the period
- 1,498,900 1,498,900
(26,335) 1,472,565
Transactions with owners of the Company, recognised directly in equity
Dividends paid
Total transactions with owners
- (3,049,630) (3,049,630)
- (3,049,630) (3,049,630)
- (3,049,630)
- (3,049,630)
Balance at 31 December 2024
511,848 4,126,132 4,637,980
182,276 4,820,257
WATAWALA PLANTATIONS PLC 007
INTERIM CONDENSED FINANCIAL STATEMENTS
Condensed Statement of changes in equity - Company
(all amounts in Sri Lankan Rupees thousands)
Stated | Retained | Total | |
capital | earnings | ||
Balance at 1 April 2023 | 511,848 | 6,040,082 | 6,551,930 |
Profit for the period | - | 2,403,854 | 2,403,854 |
Actuarial loss on retirement benefit obligations | - | (13,040) | (13,040) |
Deferred tax on actuarial loss on retirement benefit obligations | - | 3,912 | 3,912 |
Total comprehensive income for the period | - | 2,394,726 | 2,394,726 |
Transactions with owners of the Company, recognised directly in equity | |||
Dividends paid | - | (2,439,704) | (2,439,704) |
Total transactions with owners | - | (2,439,704) | (2,439,704) |
Balance at 31 March 2024 | 511,848 | 5,995,104 | 6,506,952 |
Balance at 1 April 2024
Profit for the period
511,848
-
5,995,104
1,594,790
6,506,952
1,594,790
Total comprehensive income for the period | - | 1,594,790 | 1,594,790 |
Transactions with owners of the Company, recognised directly in equity | |||
Dividends paid | - | (3,049,631) | (3,049,631) |
Total transactions with owners | - | (3,049,631) | (3,049,631) |
Balance at 31 December 2024
511,848
4,540,264
5,052,112
008 WATAWALA PLANTATIONS PLC
INTERIM CONDENSED FINANCIAL STATEMENTS
Condensed Consolidated Statement of cash flows
(all amounts in Sri Lankan Rupees thousands)
For the period ended 31 December
Cash flows from operating activities
Profit before taxation
Adjustments for:
Depreciation and amortisation
Provision for retirement benefit obligations
Loss /(Profit) on disposal of property, plant and equipment Loss on fair valuation of livestock
Impairment of goodwill on acquisition of subsidiary Impairment on investment in subsidiary
Loss on fair valuation of livestock
Income from investment fund
Amortisation of capital grants
Net finance costs
Profit before working capital changes
Changes in working capital
- Inventories
- Biological assets-produce on bearer plants
- Trade and other receivables
- Amount due from related companies
- Loan given to related Company
- Amount due to related companies
- Trade and other payables
Cash generated from operations
Interest paid
Interest received
Income Tax paid
Retirement benefit obligations paid
Net cash generated from operating activities
Cash flows from investing activities
Additions to property, plant and equipment
Addition to Intangible assets
Additions to Bearer biological assets
Proceeds from disposal of biological assets (Livestock) Proceeds from sale of property, plant and equipment Investment made through short/long term investments Withdrawals made through short/long term investments Additions to livestock
Net cash used in investing activities
Cash flows from financing activities
Dividends paid
Loans obtained during the year
Repayment of borrowings
Repayment of lease liabilities
Net cash used in financing activities
Increase / (Decrease) in cash and cash equivalents
Movement in cash and cash equivalents
At the beginning of period
Increase / (Decrease) for the period
At end of period
Cash and cash equivalents
Bank overdrafts
At end of period
Group | Company | ||
2024 | 2023 | 2024 | 2023 |
2,342,112 | 2,388,175 | 2,400,924 | 2,376,633 |
372,134 | 291,133 | 291,918 | 233,951 |
28,396 | 22,870 | 25,288 | 19,927 |
3,440 | - | 3,440 | - |
76,837 | 7,845 | - | - |
- | - | - | - |
- | - | 139,056 | - |
253,053 | - | - | - |
(765) | (765) | - | (765) |
(1,964) | (1,769) | (1,964) | (1,769) |
(56,208) | (64,583) | (75,050) | (106,932) |
3,017,036 | 2,642,906 | 2,783,612 | 2,521,045 |
169,673 | 138,666 | 12,994 | 48,297 |
(1,248) | 5,795 | (1,248) | 5,795 |
(32,232) | 187,019 | (9,808) | 229,031 |
(386,844) | 52,691 | (420,370) | (11,080) |
- | - | - | 80,000 |
(8,888) | (818) | (8,888) | (818) |
(2,449) | (21,509) | 31,263 | 32,318 |
2,755,047 | 3,004,750 | 2,387,555 | 2,904,588 |
(42,913) | (11,064) | (33,357) | - |
128,440 | 120,373 | 137,660 | 151,676 |
(303,592) | (97,772) | (303,592) | (96,993) |
(33,771) | (51,903) | (31,459) | (47,031) |
(251,836) | (40,366) | (230,748) | 7,652 |
2,503,211 | 2,964,384 | 2,156,808 | 2,912,240 |
(355,580) | (191,737) | (305,934) | (166,700) |
(6,097) | (11,982) | (3,230) | (11,467) |
- | (35,377) | - | (35,535) |
- | 40,002 | - | - |
- | - | - | - |
209,279 | (748,866) | 250,642 | (248,037) |
40,235 | 509,000 | 40,235 | 9,000 |
(138,596) | (181,702) | - | - |
(250,758) | (620,662) | (18,287) | (452,739) |
(3,049,630) | (2,439,704) | (3,049,630) | (2,439,704) |
500,000 | 154,900 | 500,000 | - |
(80,758) | (20,203) | - | - |
(29,319) | (44,726) | (29,253) | (44,744) |
(2,659,707) | (2,349,733) | (2,578,883) | (2,484,448) |
(407,254) | (6,011) | (440,362) | (24,947) |
716,781 | 797,544 | 774,475 | 853,193 |
(407,254) | (6,011) | (440,361) | (24,947) |
309,527 | 791,533 | 334,112 | 828,246 |
349,467 | 831,962 | 334,112 | 828,246 |
(39,941) | (40,429) | - | - |
309,527 | 791,533 | 334,112 | 828,246 |
WATAWALA PLANTATIONS PLC 009
INTERIM CONDENSED FINANCIAL STATEMENTS
Segmental Analysis - Group
(all amounts in Sri Lankan Rupees thousands)
Ninemonthsended31December
Palm Oil
2024 | 2023 |
Dairy | Others | ||||
2024 | 2023 | 2024 | 2023 | ||
Inter Segment
2024 | 2023 |
Total | |
2024 | 2023 |
Revenue
Costofsales
Grossprofit/(loss)
5,108,285 | 5,395,017 | 916,745 | 1,088,490 | - | - | - | (171) | 6,025,030 | 6,483,336 |
(2,242,091) | |||||||||
(2,592,595) | (902,846) | (1,170,420) | - | - | 79,611 | 22,277 | (3,065,326) | (3,740,738) | |
2,866,194 | |||||||||
2,802,422 | 13,899 | (81,930) | - | - | 79,611 | 22,106 | 2,959,704 | 2,742,598 |
Otheroperatingincome/(expenses)
Administrativeexpenses
OtherIncome-Gain(Loss)OnFairValuation-Livestock's Sellinganddistributionexpenses(SSCL)
Impairmentofgoodwillonacquisitionofsubsidiary
9,673
(372,397)
-
(104,519)
(139,056)
55,969 76,530
(359,443) (15,152)
- (253,053)
(115,077) | - |
- | |
- |
151,932 | 69,891 | (110,759) | (79,611) | (23,006) | 76,483 | 74,136 |
(16,111) | ||||||
- | - | 900 | (387,549) | (374,654) | ||
- | ||||||
- | - | - | - | (253,053) | - | |
- | ||||||
(5,160) | (3,411) | - | - | (109,679) | (118,488) | |
- | ||||||
- | - | 139,056 | - | - | - |
Operatingprofit/(loss)
2,259,894
2,383,871 (177,777)
53,891 64,730 (114,170) 139,056
- 2,285,905 2,323,592
NetfinanceIncome/(expenses)
75,050
106,932 (18,842)
(42,349)
-
-
-
-
56,208
64,583
Profit/(Loss)beforetax
2,334,944
2,490,803 (196,619)
11,542
64,730 (114,170) 139,056
- 2,342,112 2,388,175
Taxexpenses
(786,715)
(167,892) (63,414)
(8,995) (19,419)
(7,992)
-
- (869,547) (184,879)
Netprofit/(loss)
1,548,230
2,322,911 (260,033)
2,547
45,311 (122,162) 139,056
- 1,472,565 2,203,296
Segmental Analysis - Group
(all amounts in Sri Lankan Rupees thousands)
Quarterended31December
Palm Oil
2024 2023
Dairy
2024 2023
Other
2024 | 2023 |
Inter Segment | Total | |||
2024 | 2023 | |||
2023 | 2024 |
Revenue
Costofsales
1,467,525 1,485,418 299,470 399,804
(656,722) (819,301) (273,515) (377,595)
-
-
-
-
-
20,729
-
1,766,995 1,885,171
45,383 (909,507) (1,151,513)
Grossprofit/(loss)
810,802 666,117
25,956 22,209
-
-
20,467
45,332 857,488 733,658
Otheroperatingincome/(expenses)
Administrative expenses
Sellinganddistributionexpenses/(SSCL) Impairmentofgoodwillonacquisitionofsubsidiary
2,654 8,238
(115,683) (112,459)
(31,259) (31,324) -
14,560 | 54,643 |
(2,320) | |
(2,378) | |
- | |
- | |
- | |
- |
46,561
-
(830)
-
3,561
-
(890)
-
(20,729)
-
-
-
(45,632) 43,046 20,810
300 (118,002) (114,537)
(32,089) (32,214)
- - -
Operatingprofit/(loss)
666,514 530,572
38,195 74,474
45,732
2,671
(262)
- 750,442 607,717
NetfinanceIncome/(expenses)
22,214
32,324
(4,412) (12,044)
-
-
-
- | 17,802 | 20,280 |
Profit/(Loss)beforetax
688,728 562,896 33,783 62,430 45,732 2,671
-
- 768,244 627,997
Taxexpenses
(210,585) (47,370) (56,487) (4,085) (13,005) (2,471)
-
- (280,078) (53,926)
Netprofit/(loss)
478,142 515,526 (22,704) 58,345 32,726
200
-
- 488,166 574,071
0010 WATAWALA PLANTATIONS PLC
INTERIM CONDENSED FINANCIAL STATEMENTS
Segmental Analysis - Company
(all amounts in Sri Lankan Rupees thousands)
Ninemonthsended31December
Palm Oil | |
2024 | 2023 |
Others | |
2024 | 2023 |
Total | |
2024 | 2023 |
Revenue
Cost of sales
5,108,285
(2,242,091)
5,395,017
(2,592,595)
-
-
-
-
5,108,285
(2,242,091)
5,395,017
(2,592,595)
Gross profit
Other operating income/(expenses)
Gain/(loss) on changes in fair value of biological assets
Administrative expenses
Selling and distribution expenses/(SSCL) Impairment oninvestment in subsidiary
2,866,194
9,673
1,249
(372,397)
(104,519)
(139,056)
2,802,422
55,969
-
(359,443)
(115,077)
-
-
69,891
-
-
(5,160)
-
-
(110,759)
-
-
(3,411)
-
2,866,194
79,564
1,249
(372,397)
(109,679)
(139,056)
2,802,422
(54,790)
-
(359,443)
(118,488)
-
Operatingprofit/(loss)
NetfinanceIncome/(expenses)
2,261,143
75,050
2,383,871
106,932
64,730
-
(114,170)
-
2,325,874
75,050
2,269,701
106,932
Profit/(loss) before tax
Tax expenses
2,336,193
(786,715)
2,490,803
(167,892)
64,730
(19,419)
(114,170)
(7,992)
2,400,924
(806,134)
2,376,633
(175,884)
Net profit/(loss)
1,549,479
2,322,911
45,311 (122,162)
1,594,790
2,200,749
Segmental Analysis - Company
(all amounts in Sri Lankan Rupees thousands)
Quarterended31December
Palm Oil
2024 2023
Others
2024 2023
Total
2024 2023
Revenue
Cost of sales
1,467,525
(656,722)
1,485,418
(819,301)
-
-
-
-
1,467,525
(656,722)
1,485,418
(819,301)
Gross profit/(loss)
Other operating income/(expenses)
Administrative expenses
Selling and distribution expenses/(SSCL)
Impairment on investment in subsidiary
810,803
2,654
(115,683)
(31,259)
666,117
8,238
(112,459)
(31,324)
-
47,809
-
(831)
-
3,561
-
(890)
810,803
50,463
(115,683)
(32,089)
666,117
11,799
(112,459)
(32,214)
Operatingprofit/(loss)
666,515
530,572
46,979
2,671
713,494
533,243
NetfinanceIncome/(expenses)
22,214
32,324
-
-
22,214
32,324
Profit/(Loss) before tax
Tax expenses
688,728
(210,585)
562,896
(47,370)
46,979
(13,005)
2,671
(2,471)
735,708
(223,591)
565,567
(49,841)
Net profit / (loss)
478,143
515,526
33,973
200
512,117
515,726
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