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Updated February 17, 2020

(CSE Market info as at previous close)

Local News:
Sri Lanka has GSP+ access to UK for year, new framework later: High Commissioner (Economy Next)
The British High Commission Sarah Hulton has stated that Sri Lanka has the same level of trade access as earlier under the GSP+ preferential trade scheme for one year after the UK left the European Union. A new preferential trade framework will go into effect from 2021E.
https://economynext.com/sri-lanka-has-gsp-access-to-uk-for-year-new-framework-later-high-commissioner-50184/

Amended Vote on Account to Parliament next week (Daily FT)
Cabinet Spokesman Minister Bandula Gunawardana has stated the Government will present an amendment to the Vote on Account 2020 to Parliament next week, seeking Parliamentary approval to increase the debt ceiling from Rs.721bn to Rs.1,078bn and make additional budgetary provisions of Rs.367bn, required to settle bills of completed projects.
http://www.ft.lk/top-story/Amended-Vote-on-Account-to-Parliament-next-week/26-695609

Cabinet approval to extend free visa facility till 30 April (Daily FT)
The Cabinet has approved the extension of the free visa scheme to nationals of 48 countries until 30 April 2020 as the tourism sector, which was picking up after the Easter terror attacks, took another hit due to the coronavirus outbreak.
http://www.ft.lk/front-page/Cabinet-approval-to-extend-free-visa-facility-till-30-April/44-695616

Sri Lanka to produce more skilled workers for construction, tourism (Ada Derana)
Chairman/CEO of the Vocational Training Authority of Sri Lanka (VTA) has stated that Sri Lanka is planning to produce more skilled workers and technicians in order to meet the growing demand for labor in sectors like construction. The VTA also stated that it plans to partner with the Sri Lanka Tourism Board to expand capacity for training tour guides.
http://www.adaderana.lk/news/60788/sri-lanka-to-produce-more-skilled-workers-for-construction-tourism

Corporate Announcement:
It was announced that the Board of Sunshine Holdings (SUN) has authorized in principle a restructure in order to increase their exposure in the FMCG segment. However, this will be subject to the approval of the shareholders of SUN by way of a Special Resolution.
https://cdn.cse.lk/cmt/announcement_portal_prod/Sunshine%20-Coporate%20Disclosure_4119545210451065.pdf

Dividend Announcement:
Sampath Bank (SAMP) – First and final dividend of Rs.11.75 per share – XD: 31/03/2020 – PD: 09/04/2020
HNB Assurance (HASU) – Final dividend of Rs.6.0 per share – XD: 30/03/2020 – PD: 08/04/2020

Results for the period ended 31 December 2019:
SAMP reported a 4Q2019 net profit of Rs.4,899mn (+29% YoY), resulting in a 2019 net profit of Rs.11,668mn (-7% YoY)
Hemas Holdings (HHL) reported a 3Q20 net profit of Rs.975mn (-5% YoY), resulting in a 1-3Q20 net profit of Rs.756mn (-70% YoY)
Lion Brewery Ceylon (LION) reported a 3Q20 net profit of Rs.552mn (-50% YoY), resulting in a 1-3Q20 net profit of Rs.2,265mn (-5% YoY)
Melstacorp (MELS) reported a 3Q20 net profit of Rs.1,266mn (-20% YoY), resulting in a 1-3Q20 net profit of Rs.3,074mn (-20% YoY)
Asiri Hospital Holdings (ASIR) reported a 3Q20 net profit of Rs.496mn (+24% YoY), resulting in a 1-3Q20 net profit of Rs.765mn (-37% YoY)
Hayleys (HAYL) reported a 3Q20 net profit of Rs.678mn (+54% YoY), resulting in a 1-3Q20 net profit of Rs.138mn (vs. a 1-3Q19 net profit of Rs.35mn)
Ceylon Beverage Holdings (BREW) reported a 3Q20 net profit of Rs.318mn (-44% YoY), resulting in a 1-3Q20 net profit of Rs.1,079mn (-14% YoY)
Sunshine Holdings (SUN) reported a 3Q20 net profit of Rs.287mn (+5% YoY), resulting in a 1-3Q20 net profit of Rs.1,019mn (+46% YoY)
Richard Pieris And Company (RICH) reported a 3Q20 net profit of Rs.707mn (-9% YoY), resulting in a 1-3Q20 net profit of Rs.1,612mn (-2% YoY)
Asiri Surgical Hospital (AMSL) reported a 3Q20 net profit of Rs.104mn (-6% YoY), resulting in a 1-3Q20 net profit of Rs.342mn (+36% YoY)
ODEL (ODEL) reported a 3Q20 net loss of -Rs.102mn (vs. a 3Q19 net profit of Rs.50mn), resulting in a 1-3Q20 net loss of -Rs.506mn (vs. a 1-3Q19 net profit of Rs.85mn)
Ceylon Tea Services (CTEA) reported a 3Q20 net profit of Rs.622mn (-9% YoY), resulting in a 1-3Q20 net profit of Rs.1,369mn (+9% YoY)
Ceylon Hospitals (Durdans) (CHL) reported a 3Q20 net profit of Rs.178mn (+87% YoY), resulting in a 1-3Q20 net profit of Rs.361mn (+30% YoY)

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