Page 144 - UBP - IR2020

CAPITAL REPORTS
Financial capital
Statement of o Profit or Loss
Our Group operating profit decreased drastically by 70 6% from Rs Rs 274 1 million million to to Rs Rs 80 6 6 million million due to to the downward performance of our core business and retail segments Besides the the significant impact of the the pandemic the profitability o of our core business locally was also affected by an increase in in production costs attributable mainly to plant repairs and maintenance The performance of our retail segment for the the year was further impacted by by exceptional stock provisions and by by the expected low performance of our new Beau Vallon store which was still in in in in its launching phase since it it opened in in in in November 2019 In terms of our our agricultural segment our our operating loss for the year was slightly lower than for FY2019 This negative performance was attributable mainly to a a a a a a a drop in in yields and prices from our vegetable-growing activities added to an adverse valuation of our consumable biological assets and a drop in in leisure revenue resulting from the lockdown This year again our core business segment performance was impacted by the negative results of our subsidiaries operating overseas Hence the Board is seriously considering to exit from Sri Lanka and is reassessing our business potential in in Madagascar Our share of results from associates for the year decreased by 57 5% compared to to previous year due to to the lower performance of both our ready-mixed concrete and core business entities resulting from the COVID-19 impact 7 19 3 80 Year ended
June 30 2019 Rs’ 000
June 30 2020
Rs’ 000
2 2 879 205
361 691
(281 124)
80 567
(40 644)
7 7 780
47 703
(25 843)
21 860
(3 947)
17 913
Rs 0 68
1 90
Revenue 3 3 236 426
EBITDA
Depreciation and amortisation
Operating profit Net finance costs Share of of results of of associates Profit before tax Income tax expense
Profit for the year Non controlling interests
Profit for the year attributable to equity holders of the parent
Earnings per share Basic profit for the year attrib- utable to ordinary equity holders of the parent
Dividend per share 539 979 (265 894)
274 085 (33 691) 18 302
258 696 (51 436)
207 260 (16 686)
190 574 Rs 144 - UBP INTEGRATED REPORT 2020