Earnings Report /
Sri Lanka

Distilleries Company of Sri Lanka: 1Q FY22 - FY22E to remain challenging amidst lower demand

  • Lower incomes and COVID-19 restrictions to impact volumes

  • Margins decline YoY; further cost pressures expected

  • We downgrade DIST to a HOLD with a revised TP of LKR 20.00/share

Asia Securities
24 August 2021
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