Reported Earnings • May 19
Full year 2026 earnings released: EPS: LK₨279 (vs LK₨244 in FY 2025) Full year 2026 results: EPS: LK₨279 (up from LK₨244 in FY 2025). Revenue: LK₨135.3b (up 8.1% from FY 2025). Net income: LK₨5.86b (up 14% from FY 2025). Profit margin: 4.3% (up from 4.1% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 04
Third quarter 2026 earnings released: EPS: LK₨71.36 (vs LK₨69.85 in 3Q 2025) Third quarter 2026 results: EPS: LK₨71.36 (up from LK₨69.85 in 3Q 2025). Revenue: LK₨34.4b (up 8.7% from 3Q 2025). Net income: LK₨1.50b (up 2.2% from 3Q 2025). Profit margin: 4.3% (down from 4.6% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: LK₨82.45 (vs LK₨63.72 in 2Q 2025) Second quarter 2026 results: EPS: LK₨82.45 (up from LK₨63.72 in 2Q 2025). Revenue: LK₨35.9b (up 11% from 2Q 2025). Net income: LK₨1.73b (up 29% from 2Q 2025). Profit margin: 4.8% (up from 4.1% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: LK₨53.81 (vs LK₨50.88 in 1Q 2025) First quarter 2026 results: EPS: LK₨53.81 (up from LK₨50.88 in 1Q 2025). Revenue: LK₨29.5b (down 1.2% from 1Q 2025). Net income: LK₨1.13b (up 5.8% from 1Q 2025). Profit margin: 3.8% (up from 3.6% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 14
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Upcoming Dividend • Jul 10
Upcoming dividend of LK₨23.85 per share Eligible shareholders must have bought the stock before 17 July 2025. Payment date: 05 August 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Sri Lankan dividend payers (5.0%). Lower than average of industry peers (3.9%). Reported Earnings • Jul 09
Full year 2025 earnings released: EPS: LK₨244 (vs LK₨189 in FY 2024) Full year 2025 results: EPS: LK₨244 (up from LK₨189 in FY 2024). Revenue: LK₨125.2b (up 12% from FY 2024). Net income: LK₨5.12b (up 29% from FY 2024). Profit margin: 4.1% (up from 3.5% in FY 2024). 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 63% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 08
Ceylon Beverage Holdings plc Announces First Interim Dividend for the Financial Year of 2025/2026, Payable on 05 August 2025 Ceylon Beverage Holdings PLC announced first interim Dividend of LKR 23.85 per share for the Financial year of 2025/2026. XD date: 17 July 2025; Payment date: 05 August 2025. Announcement • Jul 03
Ceylon Beverage Holdings PLC, Annual General Meeting, Jul 28, 2025 Ceylon Beverage Holdings PLC, Annual General Meeting, Jul 28, 2025, at 09:45 Sri Lanka Standard Time. Location: lavender hall lot 2, bmich international convention & exhibition center, bauddaloka mawatha, 07, colombo Sri Lanka Reported Earnings • May 31
Full year 2025 earnings released: EPS: LK₨244 (vs LK₨189 in FY 2024) Full year 2025 results: EPS: LK₨244 (up from LK₨189 in FY 2024). Revenue: LK₨125.2b (up 12% from FY 2024). Net income: LK₨5.12b (up 29% from FY 2024). Profit margin: 4.1% (up from 3.5% in FY 2024). 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 59% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: LK₨69.85 (vs LK₨47.79 in 3Q 2024) Third quarter 2025 results: EPS: LK₨69.85 (up from LK₨47.79 in 3Q 2024). Revenue: LK₨31.7b (up 15% from 3Q 2024). Net income: LK₨1.47b (up 46% from 3Q 2024). Profit margin: 4.6% (up from 3.6% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to LK₨2,848, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 11x in the Beverage industry in Sri Lanka. Total returns to shareholders of 306% over the past three years. Declared Dividend • Nov 25
First half dividend of LK₨29.20 announced Shareholders will receive a dividend of LK₨29.20. Ex-date: 3rd December 2024 Payment date: 20th December 2024 Dividend yield will be 2.3%, which is lower than the industry average of 8.3%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: LK₨63.72 (vs LK₨58.59 in 2Q 2024) Second quarter 2025 results: EPS: LK₨63.72 (up from LK₨58.59 in 2Q 2024). Revenue: LK₨32.3b (up 16% from 2Q 2024). Net income: LK₨1.34b (up 8.8% from 2Q 2024). Profit margin: 4.1% (down from 4.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: LK₨50.88 (vs LK₨35.09 in 1Q 2024) First quarter 2025 results: EPS: LK₨50.88 (up from LK₨35.09 in 1Q 2024). Revenue: LK₨29.9b (up 19% from 1Q 2024). Net income: LK₨1.07b (up 45% from 1Q 2024). Profit margin: 3.6% (up from 2.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year and the company’s share price has also increased by 33% per year. Reported Earnings • Jun 18
Full year 2024 earnings released: EPS: LK₨189 (vs LK₨162 in FY 2023) Full year 2024 results: EPS: LK₨189 (up from LK₨162 in FY 2023). Revenue: LK₨111.9b (up 16% from FY 2023). Net income: LK₨3.96b (up 16% from FY 2023). Profit margin: 3.5% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 38% per year. Announcement • Jun 14
Ceylon Beverage Holdings PLC, Annual General Meeting, Jul 08, 2024 Ceylon Beverage Holdings PLC, Annual General Meeting, Jul 08, 2024, at 10:30 Sri Lanka Standard Time. Location: the auditorium of the institute of chartered, accountants of sri lanka (ground floor), 30a, malalasekara mawatha, colombo 07., Sri Lanka Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to LK₨1,990, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 11x in the Beverage industry in Sri Lanka. Total returns to shareholders of 216% over the past three years. Declared Dividend • Jun 05
Final dividend of LK₨21.15 announced Shareholders will receive a dividend of LK₨21.15. Ex-date: 12th June 2024 Payment date: 3rd July 2024 Dividend yield will be 4.6%, which is lower than the industry average of 8.3%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 18
Full year 2024 earnings released: EPS: LK₨189 (vs LK₨162 in FY 2023) Full year 2024 results: EPS: LK₨189 (up from LK₨162 in FY 2023). Revenue: LK₨111.9b (up 16% from FY 2023). Net income: LK₨3.96b (up 16% from FY 2023). Profit margin: 3.5% (in line with FY 2023). 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 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to LK₨1,533, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 10x in the Beverage industry in Sri Lanka. Total returns to shareholders of 134% over the past three years. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: LK₨47.79 (vs LK₨37.25 in 3Q 2023) Third quarter 2024 results: EPS: LK₨47.79 (up from LK₨37.25 in 3Q 2023). Revenue: LK₨27.6b (up 13% from 3Q 2023). Net income: LK₨1.00b (up 28% from 3Q 2023). Profit margin: 3.6% (up from 3.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Dec 29
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. 6 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Sue Evans was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: LK₨58.59 (vs LK₨54.68 in 2Q 2023) Second quarter 2024 results: EPS: LK₨58.59 (up from LK₨54.68 in 2Q 2023). Revenue: LK₨27.9b (up 9.5% from 2Q 2023). Net income: LK₨1.23b (up 7.2% from 2Q 2023). Profit margin: 4.4% (down from 4.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 10
Now 20% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be LK₨1,509, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 44%. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to LK₨1,430, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 8x in the Beverage industry in Sri Lanka. Total returns to shareholders of 117% over the past three years. Board Change • Sep 08
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Sue Evans was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: LK₨35.09 (vs LK₨39.00 in 1Q 2023) First quarter 2024 results: EPS: LK₨35.09 (down from LK₨39.00 in 1Q 2023). Revenue: LK₨25.1b (up 16% from 1Q 2023). Net income: LK₨736.5m (down 10.0% from 1Q 2023). Profit margin: 2.9% (down from 3.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 24
Full year 2023 earnings released: EPS: LK₨162 (vs LK₨98.64 in FY 2022) Full year 2023 results: EPS: LK₨162 (up from LK₨98.64 in FY 2022). Revenue: LK₨96.9b (up 61% from FY 2022). Net income: LK₨3.41b (up 65% from FY 2022). Profit margin: 3.5% (up from 3.4% 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 42% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Jun 23
Ceylon Beverage Holdings PLC, Annual General Meeting, Jul 18, 2023 Ceylon Beverage Holdings PLC, Annual General Meeting, Jul 18, 2023, at 10:00 Sri Lanka Standard Time. Location: Auditorium of The Institute of Chartered Accountants of Sri Lanka (Ground Floor), 30A, Malalasekara Mawatha Colombo 07 Sri Lanka Agenda: To consider the Annual Report of the Board of Directors including the Financial Statements for the financial year ended 31st March 2023 together with the Report of the Auditors thereon; to consider and re-elect Mr. D. A. Cabraal who retires by rotation in terms of Articles 72, 73 and 74 of the Articles of Association of the company; to consider and re-appoint Mr. M. Selvanathan as a Director of the Company who is over seventy years of age; to consider and re-appoint Mr. D. C. R. Gunawardena as a Director of the Company who is over seventy years of age; and to consider re-appoint Messrs. KPMG, Chartered Accountants as Auditors of the Company as set out in Section 154 (1) of the Companies Act, No. 07 of 2007 and to authorize the Directors to determine their remuneration. Reported Earnings • May 20
Full year 2023 earnings released: EPS: LK₨162 (vs LK₨98.64 in FY 2022) Full year 2023 results: EPS: LK₨162 (up from LK₨98.64 in FY 2022). Revenue: LK₨96.9b (up 61% from FY 2022). Net income: LK₨3.41b (up 65% from FY 2022). Profit margin: 3.5% (up from 3.4% 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 42% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Board Change • May 18
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Sue Evans was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to LK₨1,100, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 6x in the Beverage industry in Sri Lanka. Total returns to shareholders of 56% over the past three years. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: LK₨37.25 (vs LK₨34.31 in 3Q 2022) Third quarter 2023 results: EPS: LK₨37.25 (up from LK₨34.31 in 3Q 2022). Revenue: LK₨24.5b (up 32% from 3Q 2022). Net income: LK₨781.8m (up 8.6% from 3Q 2022). Profit margin: 3.2% (down from 3.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to LK₨1,050, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 5x in the Beverage industry in Sri Lanka. Total returns to shareholders of 39% over the past three years. Board Change • Jan 19
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Sue Evans was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: LK₨54.68 (vs LK₨9.32 in 2Q 2022) Second quarter 2023 results: EPS: LK₨54.68 (up from LK₨9.32 in 2Q 2022). Revenue: LK₨25.5b (up 122% from 2Q 2022). Net income: LK₨1.15b (up 487% from 2Q 2022). Profit margin: 4.5% (up from 1.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Sue Evans was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 19% share price gain to LK₨773, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 8x in the Beverage industry in Sri Lanka. Total returns to shareholders of 2.0% over the past three years. Reported Earnings • Jul 14
Full year 2022 earnings released: EPS: LK₨98.64 (vs LK₨59.78 in FY 2021) Full year 2022 results: EPS: LK₨98.64 (up from LK₨59.78 in FY 2021). Revenue: LK₨60.2b (up 18% from FY 2021). Net income: LK₨2.07b (up 65% from FY 2021). Profit margin: 3.4% (up from 2.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jul 12
Ceylon Beverage Holdings PLC, Annual General Meeting, Aug 03, 2022 Ceylon Beverage Holdings PLC, Annual General Meeting, Aug 03, 2022, at 10:30 Sri Lanka Standard Time. Location: 8th Floor of No.65C, Dharmapala Mawatha Colombo Sri Lanka Agenda: To consider the Annual Report of the Board of Directors including the Financial Statements for the financial year ended 31st March 2022 together with the Report of the Auditors thereon; to re-elect Mrs. S. J. F. Evans who retires by rotation in terms of Articles 72, 73 and 74 of the Articles of Association of the Company; to approve reappointment of Directors; and to approve reappointment of Auditors and fix their remuneration. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improved over the past week After last week's 22% share price gain to LK₨650, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 9x in the Beverage industry in Sri Lanka. Total loss to shareholders of 8.3% over the past three years. Reported Earnings • May 15
Full year 2022 earnings released: EPS: LK₨98.64 (vs LK₨59.78 in FY 2021) Full year 2022 results: EPS: LK₨98.64 (up from LK₨59.78 in FY 2021). Revenue: LK₨60.2b (up 18% from FY 2021). Net income: LK₨2.07b (up 65% from FY 2021). Profit margin: 3.4% (up from 2.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Non-Executive Director Sue Evans was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorated over the past week After last week's 25% share price decline to LK₨533, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 10x in the Beverage industry in Sri Lanka. Total loss to shareholders of 33% over the past three years. Reported Earnings • Feb 15
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: LK₨34.31 (up from LK₨20.18 in 3Q 2021). Revenue: LK₨18.5b (up 32% from 3Q 2021). Net income: LK₨720.1m (up 70% from 3Q 2021). Profit margin: 3.9% (up from 3.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 33%. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Nov 30
Upcoming dividend of LK₨6.31 per share Eligible shareholders must have bought the stock before 07 December 2021. Payment date: 28 December 2021. Trailing yield: 3.5%. Lower than top quartile of Sri Lankan dividend payers (5.6%). Lower than average of industry peers (7.0%). Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS LK₨9.32 (vs LK₨26.00 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: LK₨11.5b (down 26% from 2Q 2021). Net income: LK₨195.6m (down 64% from 2Q 2021). Profit margin: 1.7% (down from 3.5% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improved over the past week After last week's 18% share price gain to LK₨882, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 14x in the Beverage industry in Sri Lanka. Total returns to shareholders of 30% over the past three years. Upcoming Dividend • Jul 27
Upcoming dividend of LK₨24.92 per share Eligible shareholders must have bought the stock before 03 August 2021. Payment date: 23 August 2021. Trailing yield: 3.1%. Lower than top quartile of Sri Lankan dividend payers (5.5%). Lower than average of industry peers (5.5%). Reported Earnings • Jul 23
Full year 2021 earnings released: EPS LK₨59.78 (vs LK₨70.21 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: LK₨51.2b (up 4.0% from FY 2020). Net income: LK₨1.25b (down 15% from FY 2020). Profit margin: 2.5% (down from 3.0% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year. Executive Departure • Jul 01
CEO & Executive Director Suresh Shah has left the company On the 30th of June, Suresh Shah was replaced as CEO by Rajiv Meewakkala. As of March 2021, Suresh still personally held only 2.63k shares (LK₨2.1m worth at the time). Suresh is the only executive to leave the company over the last 12 months. Reported Earnings • May 18
Full year 2021 earnings released: EPS LK₨59.77 (vs LK₨70.21 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: LK₨51.2b (up 4.0% from FY 2020). Net income: LK₨1.25b (down 15% from FY 2020). Profit margin: 2.5% (down from 3.0% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS LK₨20.18 (vs LK₨15.16 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: LK₨14.0b (up 15% from 3Q 2020). Net income: LK₨423.5m (up 33% from 3Q 2020). Profit margin: 3.0% (up from 2.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 26
New 90-day high: LK₨780 The company is up 4.0% from its price of LK₨750 on 21 October 2020. The Sri Lankan market is up 53% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Beverage industry, which is up 36% over the same period. Reported Earnings • Nov 21
Second quarter 2021 earnings released: EPS LK₨26.00 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: LK₨15.5b (up 23% from 2Q 2020). Net income: LK₨545.7m (up 41% from 2Q 2020). Profit margin: 3.5% (up from 3.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Oct 06
Ceylon Beverage Holdings PLC Appoints Susan Juliet Farrington Evans as Non-Executive/Independent Director Ceylon Beverage Holdings PLC announced that the appointment of Mrs. Susan Juliet Farrington Evans joins the company as a non-executive/Independent Director with effect from October 1, 2020. Susan Juliet Farrington Evans counts over 30 years experience in strategy and marketing, largely with multi national consumer product companies, Gillette, Glaxosmithkline and whirpool.