trending Market Intelligence /marketintelligence/en/news-insights/trending/1FXMJ6PZaHi9BK5mPzaSZg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Tea Smallholder Factories fiscal Q1 profit climbs 22.7% YOY

[Interactive Chart] Understanding the Shift in Trade Credit for Small-Medium Enterprises (SMEs)

Climate Related Considerations In The Metals And Mining Sector

Mining Insights Newsletter June 2020

Pandemic to propel rise of mobile payments in India's 781B point of sale market

Tea Smallholder Factories fiscal Q1 profit climbs 22.7% YOY

Tea Smallholder Factories PLC said its normalized net income for the fiscal first quarter ended June 30 was 57 Sri Lankan cents per share, a gain of 22.4% from 46 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 17.0 million rupees, a gain of 22.7% from 13.8 million rupees in the prior-year period.

The normalized profit margin increased to 2.7% from 2.1% in the year-earlier period.

Total revenue fell year over year to 631.1 million rupees from 643.4 million rupees, and total operating expenses fell on an annual basis to 601.9 million rupees from 618.2 million rupees.

Reported net income grew 22.9% on an annual basis to 19.4 million rupees, or 65 cents per share, from 15.8 million rupees, or 53 cents per share.

As of July 25, US$1 was equivalent to 130.22 Sri Lankan rupees.