Sunday, October 24, 2010

September interim results

Bairaha Farms Ltd (BFL) has posted attractive interim results for the September quarter with a revenue figure of LKR 599.8mn which is a YoY increase of 16%. Their Gross Profit margin is at 27% in comparison to 17% last year. The EBIT margin has risen to 22% from 7.8% last year and Net profit margin has accelerated to 19% from 4.8% which is mainly due to the significant decrease in finance cost, in our view.

ODEL Limited (ODEL) has also seen an exciting quarter with revenue climbing ~ 50% YoY to  KR 836.2mn. Gross Profit margins have also strengthened from 36.15% to 38.5% during the period. ODEL has posted a net profit of LKR 63.6mn, up 18% YoY.

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