JKL reported 1QFY19 revenue of LKR206.8m, down 4% YoY.

Operating profit margin for the period

eroded 8.7 ppts to 34.8% (43.5% in 1QFY18). NPAT declined 27% YoY to LKR44.5m. Produce broking
segment revenue was largely flat (LKR140.2m in 1QFY19 cf. 142.1m in 1QFY18). Segment Operating
profit margin eroded c.11 ppts to 49.4%. Segment PBT was down c.21% YoY to LKR55.7m. Warehousing
segment revenue was up 20% YoY to LKR25.7m in 1QFY19. Segment operating profit margin was up 8.3
ppts YoY to 36.9%. Segment PBT was up c.48% YoY to LKR10.5m. Share broking revenue was down
19.5% YoY to LKR42.3m. Segment reported an operating loss of LKR6.5m (cf. operating profit of LKR1.8m
in 1QFY18). Segment PBT was a loss of LKR1.8m cf. profit of LKR7.8m in 1QFY19. 1QFY19 group EPS was
LKR0.74 cf. LKR0.98 in 1QFY18.

HOPL reported 1QFY19 revenue of LKR472.5, down 24.5% YoY. HOPL reported a 1QFY19 operating loss
of LKR14.4m cf. a profit of LKR35.1m in 1QFY18. HOPL reported a 1QFY19 net loss of LKR35.5m cf. a
profit of LKR14.2m in 1QFY18. Tea segment revenue was 23.3% YoY to LKR410.9m. Segment profit was
down 58.2% YoY to LKR28.5m. Rubber revenue more than halved to LKR38.3m. Segment operating loss
increased to LKR31.3m cf. a loss of LKR12.9m in 1QFY18.