Stock Market Indicators:

ASI: 8,393.5 (down 81 points, -0.96%), S&P SL20: 2,816.5 (down 29 points, -1.00%)

Turnover: Rs.2,320mn (-15%)

Exchange Rate 1US$ = Rs.359.38

Market Capitalization: US$10.4bn

Foreign Purchases: Rs.49mn (+15%)

Foreign Sales: Rs.27mn (-60%)

 

Expolanka Holdings (EXPO – Rs.230.0)  emerged as the top contributor to turnover with Rs.479mn (2.0mn shares), followed by Browns Investments (BIL – Rs.9.3)  with Rs.451mn turnover (46.9mn shares) and Lanka IOC (LIOC – Rs.57.0)  with Rs.361mn turnover (6.2mn shares)

 

Local Economy News

NCPI

The National Consumer Price Index (NCPI – Base year 2013) increased 176 index points to 190.3 in April 2022. Meanwhile, point to point inflation (measured by NCPI) was recorded at 33.8% in April 2022 (vs. 21.5% in March 2022).

http://www.statistics.gov.lk/InflationAndPrices/StaticalInformation/MonthlyNCPI/NCPI_April_2022

 

Corporate Announcements

BPPL Holdings (BPPL) has announced that the company secured long-term funding of US$15mn from the International Development Finance Corporation (DFC) of the United States of America to expand plastic recycling infrastructure and BPPL’s monofilament/polyester yarn productions.

https://cdn.cse.lk/cmt/announcement_portal_prod/BPPL%20-%20DFC%20Announcement_2050496805718509.pdf

LB Finance (LFIN) has stated that further to the announcement published on 12 May 2022 on the mandatory offer by LFIN to purchase all the remaining ordinary shares of Multi Finance (MFLN), the Securities and Exchange Commission of Sri Lanka granted an additional period of 10 calendar days from 17 May 2022 to dispatch the Independent Advisor’s Report and the Board’s views, comments, and advice on the offer to the shareholders of the MFLN. MFLN has now informed LFIN that the Independent Advisor’s Report together with the Board’s advice on the Offer has been forwarded to the shareholders of MFLN on 23 May 2022. Accordingly, the new closing date of the Offer will be 30 May 2022 while all other terms and conditions of the Offer as set out in the Offer Document on 19th April 2022 will remain unchanged.

https://cdn.cse.lk/cmt/announcement_portal_prod/Announcement%20dated%2024.5.2022%20_25829053530064.pdf

Nation Lanka Finance (CSF) has announced that Ceyoka (Pvt) Ltd has purchased 192,027,496 shares of CSF at the price of Rs.0.70 per share on 24 May 2022.

https://cdn.cse.lk/cmt/announcement_portal_prod/Over10_1_39679501554817.PDF

Central Finance Company (CFIN) announced that directors have decided a  final dividend of Rs.2.00 per share for FY22.

https://cdn.cse.lk/cmt/announcement_portal_prod/Central%20Finance_Announcement%20to%20the%20CSE_24.05.2022_37994922918916.pdf

 

Dividend Announcements

CIC Holdings Vot & Non Vot (CIC.N & CIC.X) – Final dividend of Re.1.00 (Vot) Re.1.00 (Non-Vot) – XD – 01/07/2022 PD – 22/07/2022

Samson International (SIL) – Final dividend of Rs.2.00 – XD – 02/06/2022 PD – 23/06/2022

 

Results for the period ended 31 March 2022

CIC Holdings (CIC) reported a 4Q22 net profit of Rs.1,047mn (+18% YoY), resulting in a FY22 net profit of Rs.3,685mn (+18% YoY)

Asiri Hospital Holdings (ASIR) reported a 4Q22 net profit of Rs.897mn (+20% YoY), resulting in a FY22 net profit of Rs.3,504mn (vs. a FY21 net profit of Rs.1,532mn)

Asiri Surgical Hospital (AMSL) reported a 4Q22 net profit of Rs.310mn (+30% YoY), resulting in a FY22 net profit of Rs.1,662mn (+68% YoY)

C T Land Development (CTLD) reported a 4Q22 net profit of Rs.144mn (-1% YoY), resulting in a FY22 net profit of Rs.27mn (vs. a FY21 net profit of Rs.10mn)

Harischandra Mills (HARI) reported a 4Q22 net profit of Rs.38mn (-20% YoY), resulting in a FY22 net profit of Rs.214mn (+19% YoY)

Exterminators Limited (EXT) reported a 4Q22 net profit of Rs.10mn (vs. a 4Q21 net profit of Rs.4mn), resulting in a FY22 net profit of Rs.26mn (+77% YoY)

The Lighthouse Hotel (LHL) reported a 4Q22 net profit of Rs.9mn (vs. a 4Q21 net loss of -Rs.41mn), resulting in a FY22 net loss of -Rs.78mn (vs. a FY21 net loss of -Rs.197mn)

Ramboda Falls (RFL) reported a 4Q22 net profit of Rs.6mn (+51% YoY), resulting in a FY22 net profit of Rs.6mn (vs. a FY21 net loss of -Rs.22mn)