CONVENIENCE FOODS
(LANKA) PLC
INTERIM REPORT
FOR THE 2ND QUARTER ENDED,
30TH SEPTEMBER 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 | |
Hatton National Bank PLC | ||
Commercial Bank of Ceylon PLC | ||
DATE OF INCORPORATION | Peoples Bank | |
27th March 1991 | DFCC Bank PLC | |
State Bank of India | ||
Standard Chartered Bank | ||
REGISTERED OFFICE | Sampath Bank PLC | |
Ceylon Biscuits Ltd, | Nation Trust Bank | |
No. 555, High Level Road, | ||
Makumbura, Pannipitiya, | ||
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.
Page 2
Interim Report | Convenience Foods (Lanka) PLC
CONVENIENCE FOODS (LANKA) PLC
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 30TH SEPTEMBER 2022
Group | Company | ||||||
For the 03 Months Ended 30th September | 2022 | 2021 | Variance | 2022 | 2021 | Variance | |
Rs. | Rs. | % | Rs. | Rs. | % | ||
Revenue | 2,200,735,981 | 1,251,033,788 | 75.9% | 2,200,735,981 | 1,251,033,788 | 75.9% | |
Cost of Sales | (1,624,825,540) | (947,974,881) | 71.4% | (1,624,825,540) | (947,974,881) | 71.4% | |
Gross Profit | 575,910,441 | 303,058,907 | 90.0% | 575,910,441 | 303,058,907 | 90.0% | |
Other Operating Income | 9,952,602 | 7,415,529 | 34.2% | 9,952,602 | 7,415,529 | 34.2% | |
- | - | ||||||
Distribution Expenses | (171,083,781) | (134,385,929) | 27.3% | (171,083,781) | (134,385,929) | 27.3% | |
Administrative Expenses | (68,204,628) | (42,252,699) | 61.4% | (68,204,628) | (42,252,699) | 61.4% | |
Results from Operating Activities | 346,574,635 | 133,835,808 | 159.0% | 346,574,635 | 133,835,808 | 159.0% | |
Finance Income | 8,664,131 | 9,470,968 | -8.5% | 8,664,131 | 9,470,968 | -8.5% | |
Finance Expenses | (72,160,169) | (1,194,129) | 5942.9% | (72,160,169) | (1,194,129) | 5942.9% | |
Net Finance Income | (63,496,037) | 8,276,839 | -867.2% | (63,496,037) | 8,276,839 | -867.2% | |
Profit Before Tax | 283,078,597 | 142,112,647 | 99.2% | 283,078,597 | 142,112,647 | 99.2% | |
Income Tax Expenses | (52,861,860) | (27,282,561) | 93.8% | (52,861,860) | (27,282,561) | 93.8% | |
Profit for the Period | 230,216,737 | 114,830,086 | 100.5% | 230,216,737 | 114,830,086 | 100.5% | |
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 | 230,216,737 | 114,830,086 | 100.5% | 230,216,737 | 114,830,086 | 100.5% | |
Profit for the Period Attributable to: | |||||||
Owners of the Company | 230,216,737 | 114,830,086 | 100.5% | 230,216,737 | 114,830,086 | 100.5% | |
Non-Controlling Interest | - | - | - | - | - | - | |
Total Profit for the Period | 230,216,737 | 114,830,086 | 100.5% | 230,216,737 | 114,830,086 | 100.5% | |
Total Comprehensive Income for the Period | |||||||
Attributable to: | - | - | |||||
Owners of the Company | 230,216,737 | 114,830,086 | 100.5% | 230,216,737 | 114,830,086 | 100.5% | |
Non-Controlling Interest | - | - | - | - | - | - | |
Total Comprehensive Income for the Period | 230,216,737 | 114,830,086 | 100.5% | 230,216,737 | 114,830,086 | 100.5% | |
Basic and Diluted Earnings Per Share | 83.72 | 41.76 | 83.72 | 41.76 |
Figures in brackets indicate deductions.
The above figures are not audited.
Page 3
Interim Report | Convenience Foods (Lanka) PLC
CONVENIENCE FOODS (LANKA) PLC
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 30TH SEPTEMBER 2022
Group | Company | ||||||
For the 06 Months Ended 30th September | 2022 | 2021 | Variance | 2022 | 2021 | Variance | |
Rs. | Rs. | % | Rs. | Rs. | % | ||
Revenue | 3,867,119,925 | 2,036,700,447 | 89.9% | 3,867,119,925 | 2,036,700,447 | 89.9% | |
Cost of Sales | (2,924,458,786) | (1,504,599,680) | 94.4% | (2,924,458,786) | (1,504,599,680) | 94.4% | |
Gross Profit | 942,661,138 | 532,100,767 | 77.2% | 942,661,138 | 532,100,767 | 77.2% | |
Other Operating Income | 18,222,018 | 11,091,197 | 64.3% | 18,222,018 | 11,091,197 | 64.3% | |
- | - | ||||||
Distribution Expenses | (337,665,646) | (244,029,808) | 38.4% | (337,665,646) | (244,029,808) | 38.4% | |
Administrative Expenses | (127,704,963) | (84,195,358) | 51.7% | (127,704,963) | (84,195,358) | 51.7% | |
Results from Operating Activities | 495,512,548 | 214,966,798 | 130.5% | 495,512,548 | 214,966,798 | 130.5% | |
Finance Income | 15,162,423 | 22,399,106 | -32.3% | 15,162,423 | 22,399,106 | -32.3% | |
Finance Expenses | (84,899,715) | (3,010,078) | 2720.5% | (84,899,715) | (3,010,078) | 2720.5% | |
Net Finance Income | (69,737,292) | 19,389,029 | -459.7% | (69,737,292) | 19,389,029 | -459.7% | |
Profit Before Tax | 425,775,256 | 234,355,827 | 81.7% | 425,775,256 | 234,355,827 | 81.7% | |
Income Tax Expenses | (77,979,718) | (44,047,198) | 77.0% | (77,979,718) | (44,047,198) | 77.0% | |
Profit for the Period | 347,795,538 | 190,308,629 | 82.8% | 347,795,538 | 190,308,629 | 82.8% | |
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 | 347,795,538 | 190,308,629 | 82.8% | 347,795,538 | 190,308,629 | 82.8% | |
Profit for the Period Attributable to: | |||||||
Owners of the Company | 347,795,538 | 190,308,629 | 82.8% | 347,795,538 | 190,308,629 | 82.8% | |
Non-Controlling Interest | - | - | - | - | - | - | |
Total Profit for the Period | 347,795,538 | 190,308,629 | 82.8% | 347,795,538 | 190,308,629 | 82.8% | |
Total Comprehensive Income for the Period | |||||||
Attributable to: | - | - | |||||
Owners of the Company | 347,795,538 | 190,308,629 | 82.8% | 347,795,538 | 190,308,629 | 82.8% | |
Non-Controlling Interest | - | - | - | - | - | - | |
Total Comprehensive Income for the Period | 347,795,538 | 190,308,629 | 82.8% | 347,795,538 | 190,308,629 | 82.8% | |
Basic and Diluted Earnings Per Share | 126.47 | 69.20 | 126.47 | 69.20 | |||
Figures in brackets indicate deductions.
The above figures are not audited.
Page 4
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Convenience Foods (Lanka )plc published this content on 03 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2022 11:42:07 UTC.