SRI LANKA - HORANA PLANTATIONS REPORTED IMPROVED PROFITS - TO BACKED THE PLANTATION RALLY

                                                                                                                  See Report on Plantations Horana Plantation mainly engage in the Business of Tea & Rubber. Very recently they have announced that they have plans to develop its first mini hydro plant and is developing its bungalows for tourism as well . (see report)

The company is 80% owned by Ceylon theatres group.

Horana has reported an improved profits for the nine months ending 31/12/2009 YOY as a result of the improved Tea prices & Rubber prices fetched  in the world market. This was clearly reflected in their last quarter profits.(Oct-Dec 09)




Net assets per share was Rs 27.99 as at 31/12/2009 up from Rs 26.48 reported for the same period in 2008.

Horana share price was at Rs 25/- on 29/01/2010. There all time high price is Rs 46.25 .