Sri Lanka Stock Picks

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Thursday, February 11, 2010

SRI LANKA - KELANI VALLEY PLANTATIONS JOIN THE PLANTATION RALLY

See report on Plantations

Kelani Valley Plantations a heylease group of company a subsidiary of dipped products,has reported an impressive results for the Dec quarter 2009 back of the strong Tea & Rubber prices fetched in the world market.
However there was a drop in profits for the financial year 2009, where the commodity market was severely affected by the world economic downturn.

E.P.S. for last quarter stands at Rs 5.26 . Net assets per share as at year end 31/12/2009 was Rs 46.44.

TOP TEN SHARE HOLDERS OF THE COMPANY

Kelani Valley share closed at Rs 56.25 on 10/02/2010. They have declared a dividend of Rs 1.00 per share first & final for the financial year 2009.

We expect all the plantation companies listed on Colombo Stock Exchange to report improved profits for the financial year 2009 due to several reasons mentioned in our Plantation report "Its plantation time at Colombo stock exchange" [see above ]