Strategic Alignment Report for Lanka Realty Investments PLC 1. Revenue and Profit/Loss Summary Metric Q3 2024 (...
Strategic Alignment Report for Lanka Realty Investments PLC
1. Revenue and Profit/Loss Summary
|
Metric |
Q3 2024 (Quarterly Report) |
2023/24 (Annual Report) |
|
Revenue |
LKR 281 million (23% increase YoY) |
LKR 1.124 billion (37% decrease YoY) |
|
Gross Profit |
LKR 97.3 million (28% increase YoY) |
LKR 297 million |
|
Profit/(Loss) After Tax |
LKR -79.1 million (improved from -121.4 million) |
LKR 17.8 million (vs. -888.6 million) |
|
Earnings Per Share (EPS) |
LKR -0.49 |
LKR -1.22 |
2. Cost and Expense Management
|
Cost Metric |
Q3 2024 (Quarterly Report) |
2023/24 (Annual Report) |
|
Direct Expenses |
LKR 184 million (20% increase YoY) |
56% reduction in cost of sales |
|
Selling & Distribution Exp. |
LKR 2.75 million (decreased by 63%) |
45% decrease |
|
Finance Expenses |
LKR 106.5 million |
Reduced by 18% |
|
Admin Expenses |
LKR 78.7 million |
Not specified in summary |
3. Strategic Initiatives and Segment Performance
|
Segment |
Key Actions / Achievements (Q3 2024 & Annual Report) |
|
Real Estate |
Increased occupancy rates at Unity Plaza and HQ Colombo; Mulberry Residencies nearly sold out; new residential project in Ja-Ela approved. |
|
Leisure |
W15 brand expansion; increase in occupancy rates and revenue, notable performance at W15 Weligama and W15 Escape Ahangama. |
|
Manufacturing (Amtrad) |
Revenue decline by 35% due to industry slowdown; potential sale as a strategic transformation. |
4. Asset and Equity Analysis
|
Financial Position Metric |
Q3 2024 (Quarterly Report) |
2023/24 (Annual Report) |
|
Total Assets |
LKR 18,537 million |
LKR 18,537 million |
|
Total Shareholders' Funds |
LKR 9,569 million (2% decrease) |
LKR 9,810 million |
|
Debt/Equity Ratio |
0.47 |
0.47 |
|
Net Assets Per Share |
LKR 37.45 |
LKR 38.39 |
5. Five-Year Strategic Plan (Annual Report)
- Objectives:
- Focus on acquiring and refurbishing income-generating properties.
- Divest non-aligned assets to optimize cash flow and enhance asset management.
- Leverage the W15 brand in leisure and hospitality to maximize market potential.
- Expected Outcomes:
- Consistent revenue generation from high-demand assets.
- Enhanced profitability through cost management and asset optimization.
- Sustainable shareholder value aligned with long-term growth objectives.
This report reflects the company's alignment with its strategic objectives through asset optimization, revenue management, and focused growth in core sectors, positioning Lanka Realty Investments PLC for sustainable growth
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