Announcement • Jun 05
Hayleys Fibre PLC, Annual General Meeting, Jun 26, 2026 Hayleys Fibre PLC, Annual General Meeting, Jun 26, 2026, at 13:00 Sri Lanka Standard Time. Location: at the chas p. hayley lounge of hayleys plc, no. 400, deans road, colombo 10 Sri Lanka Reported Earnings • May 17
Full year 2026 earnings released: EPS: LK₨7.13 (vs LK₨1.78 loss in FY 2025) Full year 2026 results: EPS: LK₨7.13 (up from LK₨1.78 loss in FY 2025). Revenue: LK₨6.90b (up 45% from FY 2025). Net income: LK₨171.0m (up LK₨213.7m from FY 2025). Profit margin: 2.5% (up from net loss in FY 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. New Risk • Apr 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 37% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Market cap is less than US$10m (LK₨2.68b market cap, or US$8.48m). Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). New Risk • Dec 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Earnings have declined by 36% per year over the past 5 years. Market cap is less than US$10m (LK₨2.23b market cap, or US$7.19m). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to LK₨92.80, the stock trades at a trailing P/E ratio of 73.7x. Average trailing P/E is 17x in the Luxury industry in Asia. Total returns to shareholders of 65% over the past three years. New Risk • Aug 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (LK₨1.73b market cap, or US$5.76m). Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). Board Change • Jul 28
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Saumya Amarasekera was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 05
Hayleys Fibre PLC, Annual General Meeting, Jun 26, 2025 Hayleys Fibre PLC, Annual General Meeting, Jun 26, 2025, at 13:00 Sri Lanka Standard Time. Location: chas p hayley lounge, hayleys plc, Sri Lanka Board Change • May 14
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Non-Executive Director Saumya Amarasekera was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 12
Third quarter 2025 earnings released: LK₨0.43 loss per share (vs LK₨0.67 profit in 3Q 2024) Third quarter 2025 results: LK₨0.43 loss per share (down from LK₨0.67 profit in 3Q 2024). Revenue: LK₨1.24b (up 14% from 3Q 2024). Net loss: LK₨10.3m (down 164% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 08
Second quarter 2025 earnings released: LK₨1.81 loss per share (vs LK₨0.68 loss in 2Q 2024) Second quarter 2025 results: LK₨1.81 loss per share (further deteriorated from LK₨0.68 loss in 2Q 2024). Revenue: LK₨995.7m (down 23% from 2Q 2024). Net loss: LK₨43.6m (loss widened 169% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • Aug 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 4.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings have declined by 5.4% per year over the past 5 years. Market cap is less than US$10m (LK₨1.21b market cap, or US$4.05m). Minor Risk Share price has been volatile over the past 3 months (4.6% average weekly change). Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: LK₨0.46 (vs LK₨0.08 loss in 1Q 2024) First quarter 2025 results: EPS: LK₨0.46 (up from LK₨0.08 loss in 1Q 2024). Revenue: LK₨1.52b (up 37% from 1Q 2024). Net income: LK₨11.0m (up LK₨13.0m from 1Q 2024). Profit margin: 0.7% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Jun 06
Hayleys Fibre PLC, Annual General Meeting, Jun 27, 2024 Hayleys Fibre PLC, Annual General Meeting, Jun 27, 2024, at 13:00 Sri Lanka Standard Time. Location: chas p. hayley lounge of hayleys plc, no. 400, deans road, colombo 10, Sri Lanka Reported Earnings • May 10
Full year 2024 earnings released: LK₨1.05 loss per share (vs LK₨12.43 profit in FY 2023) Full year 2024 results: LK₨1.05 loss per share (down from LK₨12.43 profit in FY 2023). Revenue: LK₨5.13b (up 17% from FY 2023). Net loss: LK₨25.3m (down 109% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: LK₨0.67 (vs LK₨3.38 loss in 3Q 2023) Third quarter 2024 results: EPS: LK₨0.67 (up from LK₨3.38 loss in 3Q 2023). Revenue: LK₨1.09b (up 45% from 3Q 2023). Net income: LK₨16.1m (up LK₨97.2m from 3Q 2023). Profit margin: 1.5% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 08
Second quarter 2024 earnings released: LK₨0.68 loss per share (vs LK₨1.88 profit in 2Q 2023) Second quarter 2024 results: LK₨0.68 loss per share (down from LK₨1.88 profit in 2Q 2023). Revenue: LK₨1.29b (up 36% from 2Q 2023). Net loss: LK₨16.2m (down 136% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. New Risk • Nov 08
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Market cap is less than US$10m (LK₨1.32b market cap, or US$4.02m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (0.9% net profit margin). New Risk • Aug 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.6% Last year net profit margin: 7.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (LK₨1.46b market cap, or US$4.55m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin). Reported Earnings • Aug 08
First quarter 2024 earnings released: LK₨0.08 loss per share (vs LK₨8.30 profit in 1Q 2023) First quarter 2024 results: LK₨0.08 loss per share (down from LK₨8.30 profit in 1Q 2023). Revenue: LK₨1.11b (down 36% from 1Q 2023). Net loss: LK₨2.01m (down 101% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. New Risk • Jul 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Sri Lankan stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$10m (LK₨1.37b market cap, or US$4.49m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Jun 07
Hayleys Fibre PLC, Annual General Meeting, Jun 28, 2023 Hayleys Fibre PLC, Annual General Meeting, Jun 28, 2023, at 15:30 Sri Lanka Standard Time. Location: the Conference Hall of Hayleys PLC, No. 400, Deans Road, Colombo Sri Lanka Agenda: To consider and adopt the Annual Report of the Board of Directors and the Statements of Accounts for the year ended 31st March, 2023, with the Report of the Auditors thereon; to re-elect as a Director Mr. L. A. K. I. Kodytuakku; to re-elect as a Director Mr. D. K. De Silva Wijeyeratne; to re-appoint Messrs Ernst & Young, Chartered Accountants as the Auditors of the Company for the year 2023/24 and to authorise the Directors to determine their remuneration and to consider other matters. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to LK₨61.40, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 15x in the Luxury industry in Asia. Total returns to shareholders of 107% over the past three years. Reported Earnings • May 18
Full year 2023 earnings released: EPS: LK₨12.43 (vs LK₨8.25 in FY 2022) Full year 2023 results: EPS: LK₨12.43 (up from LK₨8.25 in FY 2022). Revenue: LK₨4.39b (up 19% from FY 2022). Net income: LK₨298.2m (up 51% from FY 2022). Profit margin: 6.8% (up from 5.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 09
Third quarter 2023 earnings released: LK₨3.38 loss per share (vs LK₨1.83 profit in 3Q 2022) Third quarter 2023 results: LK₨3.38 loss per share (down from LK₨1.83 profit in 3Q 2022). Revenue: LK₨747.5m (down 18% from 3Q 2022). Net loss: LK₨81.0m (down 284% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 04
Upcoming dividend of LK₨1.00 per share Eligible shareholders must have bought the stock before 11 January 2023. Payment date: 24 January 2023. Payout ratio is a comfortable 4.9% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Sri Lankan dividend payers (8.5%). Higher than average of industry peers (2.4%). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Non-Executive Independent Director Dilip Kumar De Wijeyeratne was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: LK₨1.88 (vs LK₨0.89 in 2Q 2022) Second quarter 2023 results: EPS: LK₨1.88 (up from LK₨0.89 in 2Q 2022). Revenue: LK₨951.8m (down 5.8% from 2Q 2022). Net income: LK₨45.2m (up 111% from 2Q 2022). Profit margin: 4.7% (up from 2.1% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 05
Upcoming dividend of LK₨2.00 per share Eligible shareholders must have bought the stock before 12 October 2022. Payment date: 21 October 2022. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 10%. Within top quartile of Sri Lankan dividend payers (8.1%). Higher than average of industry peers (2.6%). Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 18% share price gain to LK₨82.80, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 5x in the Luxury industry in Sri Lanka. Total returns to shareholders of 215% over the past three years. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: LK₨8.30 (vs LK₨1.47 in 1Q 2022) First quarter 2023 results: EPS: LK₨8.30 (up from LK₨1.47 in 1Q 2022). Revenue: LK₨1.75b (up 149% from 1Q 2022). Net income: LK₨199.3m (up 467% from 1Q 2022). Profit margin: 11% (up from 5.0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 17% share price gain to LK₨69.40, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 8x in the Luxury industry in Sri Lanka. Total returns to shareholders of 145% over the past three years. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 18% share price gain to LK₨63.00, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 6x in the Luxury industry in Sri Lanka. Total returns to shareholders of 149% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of LK₨0.30 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 14 July 2022. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 4.8%. Lower than top quartile of Sri Lankan dividend payers (9.5%). Higher than average of industry peers (2.4%). Reported Earnings • May 19
Full year 2022 earnings released: EPS: LK₨8,250 (vs LK₨6.16 in FY 2021) Full year 2022 results: EPS: LK₨8,250 (up from LK₨6.16 in FY 2021). Revenue: LK₨3.70b (up 85% from FY 2021). Net income: LK₨197.9m (up 34% from FY 2021). Profit margin: 5.4% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 169% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 29% share price gain to LK₨63.90, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 10x in the Luxury industry in Sri Lanka. Total returns to shareholders of 175% over the past three years. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 4 highly experienced directors. 4 independent directors (7 non-independent directors). Non-Executive Independent Director Dilip Kumar De Wijeyeratne was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Apr 04
Upcoming dividend of LK₨0.50 per share Eligible shareholders must have bought the stock before 11 April 2022. Payment date: 28 April 2022. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 6.9%. Lower than top quartile of Sri Lankan dividend payers (7.7%). Higher than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorated over the past week After last week's 20% share price decline to LK₨55.40, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 10x in the Luxury industry in Sri Lanka. Total returns to shareholders of 119% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 20% share price gain to LK₨73.00, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 11x in the Luxury industry in Sri Lanka. Total returns to shareholders of 200% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to LK₨60.20, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 12x in the Luxury industry in Sri Lanka. Total returns to shareholders of 151% over the past three years. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: LK₨1.83 (up from LK₨1.75 in 3Q 2021). Revenue: LK₨908.0m (up 67% from 3Q 2021). Net income: LK₨44.0m (up 4.6% from 3Q 2021). Profit margin: 4.8% (down from 7.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Upcoming Dividend • Jan 03
Upcoming dividend of LK₨0.75 per share Eligible shareholders must have bought the stock before 10 January 2022. Payment date: 27 January 2022. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Sri Lankan dividend payers (5.2%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 15% share price gain to LK₨81.30, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 14x in the Luxury industry in Asia. Total returns to shareholders of 316% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 15% share price gain to LK₨71.40, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 14x in the Luxury industry in Asia. Total returns to shareholders of 258% over the past three years. Reported Earnings • Nov 12
Second quarter 2022 earnings released The company reported a decent second quarter result with improved revenues, although earnings and profit margins were weaker. Second quarter 2022 results: Revenue: LK₨1.01b (up 277% from 2Q 2021). Net income: LK₨19.4m (down 25% from 2Q 2021). Profit margin: 1.9% (down from 9.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Upcoming Dividend • Oct 04
Upcoming dividend of LK₨1.00 per share Eligible shareholders must have bought the stock before 11 October 2021. Payment date: 26 October 2021. Trailing yield: 3.2%. Lower than top quartile of Sri Lankan dividend payers (5.6%). Higher than average of industry peers (1.6%). Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS LK₨1.47 (vs LK₨0.23 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: LK₨700.3m (up 406% from 1Q 2021). Net income: LK₨35.2m (up LK₨29.7m from 1Q 2021). Profit margin: 5.0% (up from 4.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 24% share price gain to LK₨80.30, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 18x in the Luxury industry in Asia. Total returns to shareholders of 338% over the past three years. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 19% share price gain to LK₨62.20, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 18x in the Luxury industry in Asia. Total returns to shareholders of 253% over the past three years. Upcoming Dividend • Jun 23
Upcoming dividend of LK₨1.75 per share Eligible shareholders must have bought the stock before 30 June 2021. Payment date: 14 July 2021. Trailing yield: 3.9%. Lower than top quartile of Sri Lankan dividend payers (5.6%). Higher than average of industry peers (1.3%). Announcement • May 13
Hayleys Fibre PLC Recommends Payment of Third and Final Dividend Hayleys Fibre PLC announced that third and final dividend of LKR 1.75 per share has been recommended for payment by the Board of Directors at the meeting held on May 12, 2021. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to LK₨46.60, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 18x in the Luxury industry in Asia. Total returns to shareholders of 132% over the past three years. Upcoming Dividend • Mar 10
Upcoming Dividend of LK₨0.25 Per Share Will be paid on the 25th of March to those who are registered shareholders by the 17th of March. The trailing yield of 5.8% is in the top quartile of Sri Lankan dividend payers (4.4%), and it is higher than industry peers (1.8%). Reported Earnings • Feb 03
Third quarter 2021 earnings released: EPS LK₨5.69 (vs LK₨9.28 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: LK₨312.7m (down 23% from 3Q 2020). Net income: LK₨45.5m (down 39% from 3Q 2020). Profit margin: 15% (down from 18% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 78% share price gain to LK₨255, the stock is trading at a trailing P/E ratio of 16.8x, up from the previous P/E ratio of 9.4x. This compares to an average P/E of 15x in the Luxury industry in Sri Lanka. Total returns to shareholders over the past three years are 339%. Is New 90 Day High Low • Jan 06
New 90-day high: LK₨149 The company is up 27% from its price of LK₨117 on 08 October 2020. The Sri Lankan market is up 26% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 32% over the same period. Upcoming Dividend • Dec 01
Upcoming Dividend of LK₨1.00 Per Share Will be paid on the 18th of December to those who are registered shareholders by the 8th of December. The trailing yield of 6.2% is in the top quartile of Sri Lankan dividend payers (4.6%), and it is higher than industry peers (1.9%). Reported Earnings • Nov 07
Second quarter 2021 earnings released: EPS LK₨3.22 The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: LK₨268.0m (up 128% from 2Q 2020). Net income: LK₨25.7m (up 4.1% from 2Q 2020). Profit margin: 9.6% (down from 21% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 30% share price gain to LK₨148, the stock is trading at a trailing P/E ratio of 9.8x, up from the previous P/E ratio of 7.6x. This compares to an average P/E of 13x in the Luxury industry in Sri Lanka. Total returns to shareholders over the past three years are 159%. Is New 90 Day High Low • Oct 09
New 90-day high: LK₨121 The company is up 25% from its price of LK₨96.20 on 10 July 2020. The Sri Lankan market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 22% over the same period. 
