LANKA ALUMINIUM INDUSTRIES PLC INTERIM FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30TH SEPTEMBER 2022
LANKA ALUMINIUM INDUSTRIES PLC (PQ 187)
Interim Condensed Financial Statements
LANKA ALUMINIUM INDUSTRIES PLC
STATEMENT OF COMPREHENSIVE INCOME - GROUP
For the Quarter ended | For Six months ended | |||||||
30th September | 30th September | |||||||
Un-Audited | Un-Audited | Un-Audited | Un-Audited | |||||
2022 | 2021 | % | 2022 | 2021 | % | |||
Rs'000 | Rs'000 | Change | Rs'000 | Rs'000 | Change | |||
Revenue | 694,250 | 599,453 | 16 | 1,500,036 | 1,033,338 | 45 | ||
Cost of Sales | (464,084) | (417,983) | 11 | (985,114) | (733,920) | 34 | ||
Gross Profit | 230,166 | 181,470 | 27 | 514,922 | 299,418 | 72 | ||
Other income | 1,104 | 1,177 | (6) | 2,239 | 1,967 | 14 | ||
Administrative and general expenses | (44,330) | (38,745) | 14 | (86,871) | (76,748) | 13 | ||
Marketing and distribution expenses | (40,440) | (34,568) | 17 | (80,247) | (66,900) | 20 | ||
Profit from operations | 146,501 | 109,334 | 34 | 350,043 | 157,738 | 122 | ||
Finance income | 1,904 | 1,372 | 39 | 2,813 | 2,955 | (5) | ||
Finance costs | (40,077) | (9,556) | 319 | (95,401) | (21,094) | 352 | ||
Net finance costs | (38,173) | (8,184) | 366 | (92,588) | (18,139) | 410 | ||
Profit/(Loss) from operations after net finance expense | 108,328 | 101,150 | 7 | 257,454 | 139,598 | 84 | ||
Income tax expense | (20,176) | (20,219) | (0) | (48,008) | (27,296) | 76 | ||
Profit/(Loss) for the period | 88,151 | 80,931 | 9 | 209,446 | 112,302 | 87 | ||
Profit/( loss) attributable to: | ||||||||
Equity holders of the company | 79,926 | 75,068 | 6 | 195,069 | 103,556 | 88 | ||
Non-controlling Interests | 8,226 | 5,864 | 40 | 14,377 | 8,747 | 64 | ||
Profit/(Loss) for the period | 88,151 | 80,931 | 9 | 209,446 | 112,303 | 87 | ||
Other comprehensive income | ||||||||
Items that will not be reclassified to profit or loss | ||||||||
Equity investments at FVOCI - net change in fair value/(Disposal) | - | 6,685 | (100) | - | 6,318 | (100) | ||
Other comprehensive income for the period, net of tax | - | 6,685 | (100) | - | 6,318 | (100) | ||
Total comprehensive income for the period,net of tax | 88,151 | 87,616 | 1 | 209,446 | 118,620 | 77 | ||
Total comprehensive income attributable to: | ||||||||
Equity holders of the company | 79,926 | 81,753 | (2) | 195,069 | 109,874 | 78 | ||
Non-controlling Interests | 8,226 | 5,864 | 40 | 14,377 | 8,747 | 64 | ||
Total comprehensive income for the period | 88,151 | 87,616 | 1 | 209,446 | 118,620 | 77 | ||
Earnings Per Share (Rs.) | 1.17 | 1.10 | 2.85 | 1.51 | ||||
Figures in brackets indicate deductions | ||||||||
All values are in Rupees '000, unless otherwise stated. |
Interim Condensed Financial Statements
LANKA ALUMINIUM INDUSTRIES PLC
STATEMENT OF COMPREHENSIVE INCOME - COMPANY
For the Quarter ended | For Six months ended | |||||||
30th September | 30th September | |||||||
Un-Audited | Un-Audited | Un-Audited | Un-Audited | |||||
2022 | 2021 | % | 2022 | 2021 | % | |||
Rs'000 | Rs'000 | Change | Rs'000 | Rs'000 | Change | |||
Revenue | 650,361 | 563,497 | 15 | 1,364,840 | 949,220 | 44 | ||
Cost of Sales | (446,287) | (400,520) | 11 | (904,687) | (678,782) | 33 | ||
Gross Profit | 204,074 | 162,977 | 25 | 460,153 | 270,438 | 70 | ||
Other income | 884 | 902 | (2) | 1,646 | 1,717 | (4) | ||
Administrative and general expenses | (43,382) | (37,889) | 14 | (84,900) | (75,090) | 13 | ||
Marketing and distribution expenses | (39,257) | (33,258) | 18 | (78,007) | (64,619) | 21 | ||
Profit from operations | 122,319 | 92,732 | 32 | 298,892 | 132,446 | 126 | ||
Finance income | 805 | 1,187 | (32) | 952 | 2,931 | (68) | ||
Finance costs | (35,523) | (8,849) | 301 | (78,819) | (18,846) | 318 | ||
Net finance costs | (34,718) | (7,662) | 353 | (77,867) | (15,915) | 389 | ||
Profit/(Loss) from operations after net finance expense | 87,601 | 85,070 | 3 | 221,025 | 116,531 | 90 | ||
Income tax (expense)/reversal | (16,330) | (17,131) | (5) | (41,249) | (23,156) | 78 | ||
Profit/(Loss) for the period | 71,271 | 67,939 | 5 | 179,776 | 93,375 | 93 | ||
Profit/( loss) attributable to: | ||||||||
Equity holders of the company | 71,271 | 67,939 | 5 | 179,776 | 93,375 | 93 | ||
Profit/(Loss) for the period | 71,271 | 67,939 | 5 | 179,776 | 93,375 | 93 | ||
Other comprehensive income | ||||||||
Items that will not be reclassified to profit or loss | ||||||||
Equity investments at FVOCI - net change in fair value/(Disposal) | - | 6,685 | (100) | - | 6,318 | (100) | ||
Other comprehensive income for the period, net of tax | - | 6,685 | (100) | - | 6,318 | (100) | ||
Total comprehensive income for the period, net of tax | 71,271 | 74,624 | (4) | 179,776 | 99,693 | 80 | ||
Total comprehensive income attributable to: | ||||||||
Equity holders of the company | 71,271 | 74,624 | (4) | 179,776 | 99,693 | 80 | ||
Total comprehensive income for the period | 71,271 | 74,624 | (4) | 179,776 | 99,693 | 80 | ||
Earnings Per Share (Rs.) | 1.04 | 0.99 | 2.62 | 1.36 | ||||
Market Price Per Share | ||||||||
Highest | 38.80 | 27.10 | ||||||
Lowest | 14.00 | 19.10 | ||||||
Last traded price | 15.70 | 20.30 | ||||||
Figures in brackets indicate deductions
All values are in Rupees '000, unless otherwise stated.
Interim Condensed Financial Statements
LANKA ALUMINIUM INDUSTRIES PLC
STATEMENT OF CHANGES IN EQUITY
GROUP | Attributable to Equity Holders of the Parent | Non-controlling | Total | ||||
Stated | Revaluation | Fair Value | Retained | Total | Interest | Equity | |
Capital | Reserves | Reserve | Earnings | Rs.'000 | |||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||
Balance as at 01st April, 2021 | 137,028 | 748,801 | (10,511) | 932,437 | 1,807,755 | 22,648 | 1,830,403 |
Profit/(Loss) for the period | - | - | - | 103,556 | 103,556 | 8,747 | 112,302 |
Other Comprehensive Income | |||||||
Equity investments at FVOCI - net change in fair value | - | - | 6,318 | - | 6,318 | - | 6,318 |
Total comprehensive income for the period | - | - | 6,318 | 103,556 | 109,874 | 8,747 | 118,620 |
Balance as at 30th September, 2021 | 137,028 | 748,801 | (4,192) | 1,035,993 | 1,917,630 | 31,389 | 1,949,019 |
Balance as at 01st April, 2022 | 137,028 | 748,801 | (4,929) | 1,298,336 | 2,179,235 | 42,581 | 2,221,816 |
Profit for the period | - | - | - | 195,069 | 195,069 | 14,377 | 209,446 |
Total comprehensive income for the period | - | - | - | 195,069 | 195,069 | 14,377 | 209,446 |
Balance as at 30th September, 2022 | 137,028 | 748,801 | (4,929) | 1,493,405 | 2,374,305 | 56,953 | 2,431,258 |
COMPANY | Stated | Revaluation | Fair Value | Retained | Total | ||
Capital | Reserves | Reserve | Earnings | Equity | |||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |||
Balance as as at 01st April, 2021 | 137,028 | 647,087 | (10,511) | 891,521 | 1,665,125 | ||
Profit/(Loss) for the period | - | - | - | 93,375 | 93,375 | ||
Other Comprehensive Income | |||||||
Equity investments at FVOCI - net change in fair value | - | - | 6,318 | - | 6,318 | ||
Total comprehensive income for the period | - | - | 6,318 | 93,375 | 99,693 | ||
Balance as at 30th September, 2021 | 137,028 | 647,087 | (4,193) | 984,896 | 1,764,818 | ||
Balance as as at 01st April, 2022 | 137,028 | 647,087 | (4,929) | 1,236,287 | 2,015,473 | ||
Profit for the period | - | - | - | 179,776 | 179,776 | ||
Total comprehensive income for the period | - | - | - | 179,776 | 179,776 | ||
Balance as at 30th September, 2022 | 137,028 | 647,087 | (4,929) | 1,416,067 | 2,195,253 |
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Lanka Aluminium Industries plc published this content on 11 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2022 03:51:02 UTC.
