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CIC Community

Postby SHARK » Wed Apr 01, 2015 7:23 am

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Price is what you pay. Value is what you get.”

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Re: CIC Community

Postby SHARK » Sat May 30, 2015 12:05 am

Trading around 83Rs.
Look though illiquid ....
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Re: CIC Community

Postby RPPA » Sat May 30, 2015 10:29 pm

Not a bad performance from CIC either. The main point for me is that the company is growing after couple of tough years.

http://www.cse.lk/cmt/upload_report_fil ... 979510.pdf

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Re: CIC Community

Postby SHARK » Sun May 31, 2015 2:24 am

Good if we can collect below 85Rs at current going :D
Buy small qty so can be easily disposed.
Liquidity could be a factor to consider.
Need a bit of patience if things reverse
Price is what you pay. Value is what you get.”

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Re: CIC Community

Postby RPPA » Sun May 31, 2015 9:12 am

SHARK wrote:Good if we can collect below 85Rs at current going :D
Buy small qty so can be easily disposed.
Liquidity could be a factor to consider.
Need a bit of patience if things reverse


Yes. CIC is not a trading stock. It is an Inverses stock. :-D

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Re: CIC Community

Postby IOSirisena » Mon Jun 08, 2015 11:47 am

RPPA wrote:Not a bad performance from CIC either. The main point for me is that the company is growing after couple of tough years.

http://www.cse.lk/cmt/upload_report_fil ... 979510.pdf


CIC Holdings reverses huge losses in 2014/2015

CIC Holdings PLC recorded an impressive performance for the financial year ending March 31, 2015.
Group profit after tax (PAT) was recorded at Rs. 1040.84 million, a strong improvement over last year's loss of Rs. 1,126.84 million.
The group recorded a revenue growth of 3%, a continuing business turnover growth of 9% and profit before tax of Rs. 1,423.12 million, demonstrating a turnaround business performance.
CIC's Agriculture and Livestock division and its Consumer and Pharmaceutical division contributed to 60% and 25% of the group's total revenue respectively.
The company's improvement in profitability from a loss of Rs. 847.25 million to a profit of Rs. 512.55 million is a testimony to its strength and ability to implement effective change.
CIC Holdings' profitability has also had a positive impact on the group's operating cash flow. The group interest cost has reduced by more than 50% and this saving goes beyond interest rate reductions and can be attributed to careful financial management.
No dividend was declared in the previous year, however two interim dividend payments of Rs. 1 per share were paid in September 2014 and March 2015.
CIC's impressive performance is part of a new direction and strategy for growth that the group has undertaken.
CIC Holdings Chairman S.H.Amarasekera said the Board has re-strategized the way forward for CIC and embarked on a much needed restructuring programme during the period under review.
"Our focus was on ensuring sustainable business growth and long-term returns. The past year has been immensely challenging and has tested the resilience of both the company and the group. Now we are well on track to performing at an even higher level in the year ahead. CIC Holdings will continue to focus on innovation, product development, market development and technology to drive our business forward." CIC Holdings Managing Director and CEO S.P.S. Ranatunga said "Our success in this financial year is due to expertise of the Board and the dedication and hard work of the CIC team."
As part of its future plans, CIC Holdings will continue to focus on strengthening its core competencies in key sectors which have been selected for their growth potential.
- See more at: http://www.dailynews.lk/?q=business/cic ... ge-losses-

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Re: CIC Community

Postby SHARK » Wed Jul 29, 2015 6:06 am

The share has appreciated :)
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Re: CIC Community

Postby Contra » Wed Jul 29, 2015 12:16 pm

Yes. It jumped from Rs.50 to over Rs.100 now.
Company, stock market, politics and the economy are four different things.

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Re: CIC Community

Postby SHARK » Sat Aug 08, 2015 2:15 pm

Going by the wording it all resonates a RIGHTS ISSUE is on the Menu :D
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Re: CIC Community

Postby IOSirisena » Tue Nov 17, 2015 12:37 pm

CIC 2Q profits boosted 40% by agri, livestock operations

US $ 6mn value-added vegetable export business in the pipeline Agrochemical giant CIC Holdings PLC (CIC) posted a net profit of Rs.257.07 million for its second quarter ended September 2015 (2Q16), improving 40 percent year-on-year (YoY) through contributions from the agriculture and livestock sector. Earnings per share rose to Rs.2.71 from Rs.1.94 YoY. Revenue expanded 15.81 percent YoY to Rs.6.49 billion, while cost of sales increased 19.39 percent YoY to Rs.4.92 billion, resulting in a gross profit of Rs.1.57 billion, an improvement of 5.88 percent YoY. Distribution expenses fell 2.85 percent YoY to Rs.573.77 million despite increased sales, possibly due to the fall in fuel prices. Administrative expenses increased 10.99 percent YoY to Rs.487.77 million while finance costs fell 8.66 percent YoY to Rs.182.44 million. The asset base rose to Rs.27.8 billion in 2Q16 from Rs.25.84 billion in 1Q16, while short-term loans and borrowings increased to Rs.9.57 billion from Rs.8.65 billion in the same period. For the first half ended September, the group’s net profits rose 65.78 percent YoY to Rs.563.84 million, while revenue rose 15.71 percent YoY to Rs.13 billion and cost of sales increased 16.15 percent YoY to Rs.9.66 billion. In the 1H16, revenue in the agricultural and livestock industry increased to Rs.8.42 billion from Rs.6.91 billion YoY, while operating profits increased to Rs.735.24 million from Rs.541.67 million YoY. CIC Holdings Chairman S.H. Amarasekara said that the boom was due to a growth in feed demand for livestock and that the group is also initiating a new corn project to meet the demand. He said that the group also intends to start a US $ 6 million value-added vegetable export business, while a Rs.2.12 billion fertilizer subsidy payment is overdue. The consumer and pharmaceuticals operating profits increased to Rs.276.07 million from Rs.260.60 million YoY as revenue increased to Rs.3.07 billion from Rs.2.81 billion YoY, driven mainly through the company recommencing pharmaceutical production and supplying to the Health Ministry. Industrial raw materials operating profits rose to Rs.71.12 million from Rs.55.57 YoY while revenue increased to Rs.953.70 from Rs.885.28 million YoY. The packaging segment operating profits rose to Rs.131.66 million from Rs.104.89 million YoY and revenue rose to Rs.782.55 million from Rs.579.22 million YoY, while the construction industry operating profits fell to Rs.15.69 million from Rs.21.62 million YoY and revenue fell to Rs.137.29 from Rs.174.89 million YoY. - See more at: http://www.dailymirror.lk/95619/cic-2q- ... 5Fn9x.dpuf

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Re: CIC Community

Postby topcat » Tue Dec 08, 2015 5:42 pm

Today CIC was very attractive.. Is this is an indication this time chicken rally lead by CIC?/ *-:)
"Keep winners, Sell loosers"

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Re: CIC Community

Postby SHARK » Fri Jan 01, 2016 1:19 pm

වසර 10කට පසුව පොහොර සමාගම් වලට තමත් විසින් නියම කරණ මිල ගණන් යටතේ පොහොර අලෙවි කිරීමේ අවස්ථාව අද (31දා) මධ්‍යම රාත්‍රියේ පටන් හිමිව තිබේ.

පොහොර සහනාධාරය යටතේ වී ගොවීන්ට රුපියල් 500කට පොහොර හොන්ඩරයක් හා තේ ගොවීන්ට රුපියල් 1300ට පොහොර හොන්ඩරක් මිලදී ගැනීමට අවස්ථාව හිමිව තිබුණ අතර ඒ සඳහා අවශ්‍ය මුදල් රජය විසින් පොහොර සමාගම් සඳහා ගෙවන ලී.

එහෙත් අයවැයි මගින් පොහොර සහනාධාරය වෙනුවට මුදල් වව්චරයක් ලබාදීමට ගත් තීරණයක් සමග පොහොර සමාගම්වලට රජය විසන් ලබාදුන් මුදල් අද මධ්‍යම රත්‍රියේ පටන් නවතා දැමුනි.

මේ අනුව විවෘත වෙළදපොල තුළ පොහොර හොන්ඩරයක් අලෙවි මිල රුපියල් 3000 දක්වා වර්ධනය විය හැකි බවද වාර්තාවෙයි.

සහනාධාරය සඳහා ලබාදෙන මුදල් ගොවිජන බැංකු හරහා ලබාදීමට ගොවිජන කොමසාරිස්වරයාගේ ප්‍රධානත්වයෙන් පැවැති විශේෂ රැස්වීමකදී තීරණය වී තිබේ.
- See more at: http://www.ada.lk/article/135085/පොහොර- ... LSKz5.dpuf
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Re: CIC Community

Postby SHARK » Tue Feb 02, 2016 10:41 pm

cic.png


Good BUY at lower threshold on RSI. 80,85 an 90 would be one of the safest range
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Re: CIC Community

Postby Shadow walker » Mon Feb 08, 2016 5:19 pm

Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time .. ;)

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Re: CIC Community

Postby DXB » Mon Feb 08, 2016 5:21 pm

Wht a profit......super........
:)

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Re: CIC Community

Postby PAT » Mon Feb 08, 2016 5:24 pm

exceptional performance.......
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Without compromising your ability to Live Tomorrow……… :)

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Re: CIC Community

Postby PAT » Wed Mar 16, 2016 6:11 pm

CIC HOLDINGS PLC - DIVIDEND ANNOUNCEMENT


Date of Announcement: - 16.Mar.2016
Rate of Dividend: - Rs. 1.00 per share (Voting & Non-Voting) / Second Interim Dividend
Financial Year: - 2015/2016
XD: - 29.Mar.2016
Payment: - 07.Apr.2016
Share Transfer Book Open
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Without compromising your ability to Live Tomorrow……… :)

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Re: CIC Community

Postby PAT » Wed May 25, 2016 10:11 pm

CIC HOLDINGS PLC
Company ID: - CIC
Date of Announcement: - 25.May.2016
Rate of Dividend: - Rs. 2.00 per share (Voting & Non-Voting) / Final Dividend
Financial Year: - 2015/2016
Shareholder Approval: - Required
AGM: - 30.Jun.2016
XD: - 01.Jul.2016
Payment: - 12.Jul.2016
Share Transfer Book Open
Live Today........
Without compromising your ability to Live Tomorrow……… :)

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Re: CIC Community

Postby CSE-SAS » Tue May 31, 2016 11:22 pm

Quarterly Financial Report as of 31-03-2016

http://cse.lk/cmt/upload_report_file/49 ... 3.2016.pdf

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Re: CIC Community

Postby IOSirisena » Mon Jun 06, 2016 12:07 pm

CIC Holdings FY16 revenue up 13% to Rs. 26.6 b; PAT up 57% to Rs. 1.63 b
Monday, 6 June 2016 00:32
CIC Holdings Group has achieved a growth in revenue of 13% to Rs. 26.67 billion in the financial year ended 31 March 2016 and an after tax profit of Rs. 1.63 billion, up by 57% over the previous year.Group pre-tax profit grew by 41.6% to Rs. 2.01 billion. Net profit attributable to equity holders of the company rose by 77.7% to Rs. 1.35 billion.

CIC Holdings Plc Chairman Harsha Amarasekera said in addition to the organic growth from the existing business ventures, the Group has invested Rs. 2 billion in growth sectors enhancing the future earnings potential of the group. “Increased earnings and timely risk management initiatives enhanced the asset quality by improving the Net Asset Value per Share from Rs. 75.14 to Rs. 93.44, a 24 % increase. Concurrently, the Board also increased the dividend per share from Rs. 3.0 to Rs. 4.0, which in turn contributed to a dividend yield of 4%,” the CIC Chairman said in his review in the 2015/16 Annual Report.

“This combined with a capital appreciation for the share of 26% resulted in a Total Shareholder Return (TSR) of 31%. Return on Equity (ROE) was at 15% compared to 12% the previous year, confirming our strategy to enhance future earnings potential,” Amarasekera added.

The Debt to Equity ratio stood at 120% for 2015/2016 as opposed to 117% for the previous financial year, a factor which is closely monitored by the Board.

“It is indeed gratifying to note the consistent improvement in profitability and growth sustained over the past eight quarters,” the Chairman emphasised.Encouraged by the progress achieved, CIC has chartered a new trajectory for growth which is multifaceted, building on the Group’s core competencies and considerable strengths developed over three decades. The new strategies formulated entrenched the group presence in the agriculture and livestock, healthcare and consumer sectors.

Working together with external consultants, CIC also critically assessed their business portfolios, current positioning and how the CIC Group is perceived. The Chairman said it became clear that sharpening the corporate vision and mission and better defining and grouping of its diverse businesses were a prerequisite to strengthening CIC’s true identity as a well-diversified conglomerate. “Consequently, we have modified and rearranged the Group structure into five clear business segments in order to enhance group synergies and to facilitate a sharper focus on potential areas of high growth. As part of the same process, we have also re-defined our corporate vision and mission statement as it’s now depicted in this report. Further as the business grows and diversifies into new sectors, stretching the corporate brand CIC across an innumerable and diverse range of products and services will not be optimal or possible,” Amarasekera said.

According to him the new structure enables each business segment to have its own identity and brands for individual product lines with a higher level of visibility for the individual brands. The brands will be discrete, each one holding a distinct promise of quality and value for the end user. Where relevant, the CIC logo will be retained in an overarching capacity to provide continuity and reassurance. CIC also implemented several structural changes during FY16 to ensure that all business sectors are well positioned for growth.

Relocating the PVA manufacturing facility in Ratmalana to the Godagama Industrial Zone was an important step; one which has been in the contemplation of the Company for several years and this move mitigates potential environmental and social issues in an urban neighbourhood. This has made available approximately 4 acres of land in an urban area which could be sold or developed. The relocation project required an investment of Rs.400 million and resulted in capacity expansion of 100% which is expected to commence its pay off from this financial year.

Amarasekera said the Board identified areas for growth and investment immediately following the turnaround in the performance of the Group in 2014/15 prioritising the many options available based on the potential value created for shareholders and Group synergies. Accordingly, the Group invested Rs.1 billion on building facilities for drying and storage of maize in Talawa and Siyambalanduwa, with an aggregate capacity of 50,000 MT, synergising the value chain from agriculture input distribution to the feed milling business within the Agri Produce and Livestock Solutions sectors.

“This venture epitomises CIC’s philosophy of creating broader stakeholder value and is aligned with the Ministry of Agriculture’s Food Production National Program 2016 – 2018, where maize is a crop aimed at self-sufficiency and the Sustainability Development Goals of poverty alleviation, zero hunger and reduced inequalities too are addressed. The project also supports around 10,000 farmers in these two rural communities through buy back guarantees and provision of technical support to maximise yields. We also strengthened the value proposition to farmers by facilitating crop protection insurance and banking services,” Chairman said.
Strategic investments
Another strategic investment approved by the CIC Board was a further Rs.1 billion for cultivation of vegetables in greenhouses using the latest technology. Higher value vegetables will be grown for export supporting the country’s export drive and building CIC’s reputation as an exporter of high quality vegetables. The investment in greenhouses seeks to mitigate the impact of adverse weather, land and labour shortage which regularly hampers the output of the agriculture sector.

Chairman has told shareholders via his review in the 2016 Annual Report that the Pharmaceuticals sector indicates significant potential for growth with a steady income throughout the year as indicated by the country’s demographics and changing wealth patterns.
The CIC group’s pharmaceutical manufacturing plant produces generic lifestyle medications used on a continuous basis, including medications for diabetes, hypertension, cholesterol and gastric reflux among others. Given the increasing focus on availability of affordable generic drugs, this investment also supports the national healthcare agenda and saves valuable foreign exchange for the country. CIC is also investing a sum of approximately Rs.100 million in constructing a purpose built facility for storage of pharmaceuticals in Ekala, filling a lacuna in CIC’s infrastructure to support growth of this vital business segment.

“Meeting stringent standards of our principals, this facility will enable us to widen the range of products marketed by the Group. Pharmaceuticals being a key growth sector at CIC, we will now be well positioned to ensure its continued expansion,” Amarasekera said.

He pointed out that a solid financial position, decades of diverse industry insights, strong relationships globally with principals and locally with farmers, distributors and regulators provide a sound foundation for growth.

“Our businesses are also in sectors important from an economic and social perspective to the country such as agriculture, healthcare and industrial solutions vital for the country’s progress. We have emerged from the losses incurred in 2013/14 as a stronger group, delivering increasing value to stakeholders and we are ready for further investment,” the Chairman said.
Growth plans “ Projects commenced this year will enhance earnings of the Group in the coming year and we also expect to implement further plans for growth during the coming year,” he added.

Amarasekera also says in Chairman’s Review “Our course is clear – we expect to be one of the top three players in the country in every business we are engaged in.” According to him the CIC Board will continue to drive performance from the centre supported by strong reporting and risk management processes for objective decision making. “Our new identity will facilitate greater visibility and brand building, driving the value of each individual business and the conglomerate as a whole,” he added.

In order to further drive and build value, the CIC Board has approved an ESOP scheme aimed at the top management of the Group. The Resolution in respect of the same will be placed before the Shareholders immediately after the AGM. “The Board is confident that this would pave the way for even greater commitment from the Management to improve the results of the Group, CIC Chairman Amarasekera said.

The CIC Holdings Plc’s Board of Directors comprises of S.H. Amarasekera (Chairman), S.P.S. Ranatunga (Managing Director/CEO), M.P. Jayawardena, R.S. Captain, P.WM.B.B. Marambe, R.N. Asirwatham, S.M. Enderby, A.V.P. Silva, R.C.W.M.R.D. Nugawela, K.B. Kotagama and D.S. Weerakkody.
- See more at: http://www.ft.lk/article/546311/CIC-Hol ... fKcWQ.dpuf

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Re: CIC Community

Postby SHARK » Sun Aug 28, 2016 2:03 pm

The chart was published back in feb, lets see how the share has performed since then.
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Re: CIC Community

Postby SHARK » Fri Nov 11, 2016 9:03 pm

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Sri Lanka’s CIC Holdings Sept net profit down 36-pct

Postby NUMBER CRUNCHER » Wed Nov 16, 2016 6:56 am

ECONOMYNEXT – Sri Lanka’s CIC Holdings said September 2016 quarter net profit fell 36% to Rs164 million from a year ago mainly because of a sharp increase in finance costs on borrowings to fund increased capital expenditure, investments and working capital requirements.

Group sales rose 44% to Rs9.3 billion during the period, according to interim results filed with the stock exchange.

Earnings per share for the September quarter were Rs1.73. CIC Holdings’ EPS for the six months to September 2016 were Rs4.37 with net profit down 27% to Rs414 million although sales rose 38% to Rs17.8 billion from the year before.

CIC Holdings chairman Harsha Amarasekera attributed the slump in profits to “a steep increase in finance costs.”

This was because of a 28% increase in total borrowings and an underlying industry wide increase in borrowing rates, he said in a note accompanying the results.

“The rise in CIC’s debt balances are due to increased capex, new investments and additional working capital required for increased business volumes,” he said. “The revenues from the capex and new investments will begin to flow from the beginning of the next financial year.”

Amarasekera said that despite the increase in debt, CIC reduced its financial leverage measured by debt to annualized EBITDA to 3.4x, compared to 4.3x as at FY16.

“We are also confident that the payoff from the investments would both in terms of financial returns and improved group synergies will be significant,” Amarasekera said.

“Our strategy is focused on long term and sustainable growth, and have already factored the expected near term increases in interest costs as a result of the investments into our corporate planning.”

Amarasekera said CIC Group expects to improve on last year’s performance given that CIC’s earnings in the second half are materially higher than the first half, due to the inherent seasonality of CIC’s agri dependent businesses.
(COLOMBO, Nov 16, 2016)
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Re: Sri Lanka’s CIC Holdings Sept net profit down 36-pct

Postby SHARK » Wed Nov 16, 2016 7:07 am

NUMBER CRUNCHER wrote:ECONOMYNEXT – Sri Lanka’s CIC Holdings said September 2016 quarter net profit fell 36% to Rs164 million from a year ago mainly because of a sharp increase in finance costs on borrowings to fund increased capital expenditure, investments and working capital requirements.

Group sales rose 44% to Rs9.3 billion during the period, according to interim results filed with the stock exchange.

Earnings per share for the September quarter were Rs1.73. CIC Holdings’ EPS for the six months to September 2016 were Rs4.37 with net profit down 27% to Rs414 million although sales rose 38% to Rs17.8 billion from the year before.

CIC Holdings chairman Harsha Amarasekera attributed the slump in profits to “a steep increase in finance costs.”

This was because of a 28% increase in total borrowings and an underlying industry wide increase in borrowing rates, he said in a note accompanying the results.

“The rise in CIC’s debt balances are due to increased capex, new investments and additional working capital required for increased business volumes,” he said. “The revenues from the capex and new investments will begin to flow from the beginning of the next financial year.”

Amarasekera said that despite the increase in debt, CIC reduced its financial leverage measured by debt to annualized EBITDA to 3.4x, compared to 4.3x as at FY16.

“We are also confident that the payoff from the investments would both in terms of financial returns and improved group synergies will be significant,” Amarasekera said.

“Our strategy is focused on long term and sustainable growth, and have already factored the expected near term increases in interest costs as a result of the investments into our corporate planning.”

Amarasekera said CIC Group expects to improve on last year’s performance given that CIC’s earnings in the second half are materially higher than the first half, due to the inherent seasonality of CIC’s agri dependent businesses.
(COLOMBO, Nov 16, 2016)

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Re: CIC Community

Postby SHARK » Wed Nov 16, 2016 7:08 am

Chairman’s Message
Dear Shareholder
I am pleased to report that CIC Holdings PLC (CIC) continues to record growth in revenues, business volumes and operating
profits. The group recorded an increase in revenues of 38% and an increase in profits before interest and tax of 29% for the six
months to September 2016 (1H17) compared to the corresponding period of the previous financial year (1H16). Our
consolidated net profits however declined by 7% mainly due to a steep increase in finance costs. The increase in finance costs
were attributable to both a 28% increase in total borrowings and an underlying industry wide increase in borrowing rates. The
rise in CIC’s debt balances are due to increased capex, new investments and additional working capital required for increased
business volumes. The revenues from the capex and new investments will begin to flow from the beginning of the next
financial year. Despite the increase in debt, we have reduced our financial leverage measured by debt to annualized EBITDA
to 3.4x, compared to 4.3x as at FY16. We are also confident that the payoff from the investments would both in terms of
financial returns and improved group synergies be significant. Our strategy is focused on long term and sustainable growth,
and have already factored the expected near term increases in interest costs as a result of the investments into our corporate
planning. Considering the overall performance. the Group expects to improve on last year’s performance given that CIC’s
earnings in the second half are materially higher than the first half, due to the inherent seasonality of CIC’s agri dependent
businesses.
The crop solutions, livestock solutions, industrial solutions and health & personal care segments all recorded increases in
operating profits in 1H17. At company level revenue growth was 22% and profit before interest and tax increased by 19% in
1H17 compared to 1H16. The crop solutions segment continues to remain the group’s highest contributor in terms of operating profits. The segment
recorded a profit growth of 23% to Rs. 602m in 1H17 vs Rs. 488m in 1H16. The growth is reflective of the changes in the state
fertiliser subsidy mechanism.. The 69% revenue growth of the segment is partly due to the amended accounting treatment of
fertiliser, which is now sold at market determined prices. The fertiliser subsidy receivable was Rs. 1.13 bn as at end September
2017 vs Rs. 3.32 bn as at end September 2016, and should be fully settled in the coming few months.
Operating profits of the livestock solutions segment grew by 49% to Rs. 433m in 1H17, despite flat revenues. Revenues of the
segment increased only by 1% in 1H17. The improved profits are mainly due to lower input costs, compared to the
corresponding period of the previous financial year.
Profits of the health and personal care segment grew by over 33% to Rs. 352m from Rs. 264m, driven mainly by the increased
earnings of our pharma manufacturing operations. The industrial solutions segment recorded a 15% increase in segmental
profits to Rs. 235m, primarily aided by an improved performance in Industrial Solutions SBU. The agri produce segment of the group, incurred an operating loss of Rs30m in 1H17 due to the preliminary losses incurred on
our new corn project which commenced operations in early part of 2016. The losses are due to delays in setting up, a supply
shortage due to bad weather and unfavorable changes in both buying and selling prices compared to what was expected. That
said, we see this project generating considerable synergies within the CIC group, as it will be a key supplier to the livestock
solutions segment and contribute to increasing earnings of the crop solutions segment. The project is also important on a
national level, as proper drying mechanisms are crucial in ensuring the quality of poultry feed. We also expect the project to
generate meaningful profits in the next financial year as most of the teething issues have been resolved.
Work on the USD6m high tech greenhouse is nearing completion, and is expected to be completed within this financial year
and will also add to revenues and profits. Moving forward, the board and management of CIC, will continue to focus on achieving long term and sustainable growth in
the existing business segments while looking for investments which will enhance the existing value chains. [size=150]Particular
attention will be paid to explore all options on lowering its funding costs.
[/size]
S H Amarasekera
Chairman
Price is what you pay. Value is what you get.”


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