* With the increase in vehicle population of KIA motor vehicles the demand for spare parts is likely to increase hence the profit momentum will remain intact. Moreover, Colonial Motors recently obtained the agency rights to import and distribute Mazda vehicles within Sri Lanka and in Republic of Maldives.
* Plantation sector have shown signs of recovery during the 1st quarter by reporting a profit of SLRs. 164mn compared to a loss in the previous year. Removal of Sri Lanka from the Iran sanction will increase the demand for tea from Iran and companies will be able to recover their export earnings; (SL export around 30MT annually to Iran). Thus a modest growth can be predicted.
* CFLB Group holds investment equity share portfolios which are recorded in books at a cost of SLRs.187mn, however the market value of these amounts to SLRs. 893mn hence there is an unrealized gain of SLRs. 706mn.
* The 206 perch freehold land owned by Colonial Motors at Union Place Colombo 02 is worth approximately SLRs. 1,236mn, however book value is only SLRs.809mn.
- Posts : 148
Reputation : 134