Quartley Earning Review- Lanka Securities

sriranga Thu Nov 24, 2011 5:13 pm

From Lanka Securities

KEY METRICS:
· Out of the 269 companies that are listed in the CSE, 218 companies (81%) have released the quarterly financial statements to date.

· Aggregate earnings for the 3Q 2011 have increased 14.4%YoY. The Healthcare (+99.6%YoY) and Consumer Discretionary (+83.4%YoY) sectors have witnessed the largest increase in earnings.

· The blended earnings growth rate for the first nine months of 2011 was 36.7%YoY.

· The aggregate revenue for 3Q 2011 grew by 21.5%YoY while for the first nine months the growth was 23.4%YoY.

· Operating profit (excluding non-recurring items) increased marginally by 4.9%YoY while registering a growth of 22.7%YoY in 1-3Q 2011 respectively.

· We forecast the earnings growth for the next quarter to be at 12.3%YoY. The 12 months forward PE is 12.1x.

Attachments

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