George Steuart Finance 1H13 net profit down to Rs15 mln
View(s):New stock George Steuart Finance (GSF) which saw a 968 per cent rise on its opening day of trading on 12th September has posted a Rs 15 million net profit for the first six months of the year, 45 per cent down against Rs 27 million in the same period las year, according to results released to the stock exchange.
GSF, whose reference price was Rs. 20 at the time of listing by way on introduction, saw earnings per share of Rs. 0.7 for the first six months of the year. This share started trading at Rs 200 and hit record high of Rs1, 500 on thin volumes; market cap at high was Rs 33.75 billion. Its current share price is Rs 600.
Major shareholders in GSF as at 30th September 2012 are Divasa Equity (51 per cent), Capital Trust Holdings (25 per cent) and Dr. Nalaka Godahewa, Chairman Securities and Exchange Commission (SEC) with 5 per cent. Dr. Godahewa resigned as Chairman George Steuart Finance (formerly Divasa Finance), when he assumed duties as the new chief of the SEC three months ago.
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