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RAL (Renuka Agri Foods)

Good performance has been recorded by Renuka Agri Foods PLC.

It has recorded a Revenue of Rs. 465.86 Million. NPAT attributable to the parent shareholders of Rs. 67.53 Million. Profit margin of 14.50%.

Total equity of Rs. 955.25 M. So ROE of above 28% (67.53 x4 x 100/955.25) if the company continue with the same level of performance for the year.

Net assets of Rs. 2.38 per share which gives a PBR of 2.39 for the current price of Rs. 5.70.

Also PER of 8.38 since EPS for the quarter is 0.17 (annual 0.17x4)

Cash flow of the business has improved with increase of cash at the end of the period compared to the initial cash position at the beginning of the year, which is a good sign. Compared to the size of other assets available in the balance sheet the company is having a substantial amount of assets in the form of cash with them, which is approximately 23% of the total assets as at 30.06.2011.

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