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Huge blow to SL biz if crisis deepens_我的网站

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在最新一期的播客节目《Numbers On The Board》中,步行者球星泰瑞斯·哈利伯顿谈到了他在国王时期的经历。 Colombo, Oct 20 (UNI) The prevailing economic crisis could deal a severe blow to many Sri Lankan business sectors if it deepens or drags for a prolonged period, Fitch Ratings said in remarks published on Thursday.
This is because runaway inflation, elevated interest rates and import restrictions have already pressured their revenues, margins, profits and cash flows, the Daily Mirror quoted Fitch Ratings as saying.
In a brief commentary on the implications the economic crisis would have on Sri Lanka’s listed companies, the rating agency identified consumer goods retail, power generation and home building among the most affected sectors from a prolonged crisis.
While some businesses did not feel the full effects of the crisis as they managed to grow their top and bottom lines and their margins in the second quarter ended in June 2022, Fitch said they would not be able to replicate the same results in the coming quarters as price hikes could come at the cost of further decline in revenues.
The September earnings season, which kicked off this week, would provide analysts and investors the opportunity to assess how these companies representing wider industries have fared on the back of continued rise in costs across the supply chains as well as of their borrowings, it said.
The Sri Lankan economy is projected to be in continuous decline in 2022 and 2023, shedding 9.2 per cent and 4.2 per cent, respectively, according to the World Bank estimates.
“Significant cost inflation affecting demand and profitability, import restrictions disrupting operations and high interest rates are key risks faced by domestic corporations in the next 12-18 months,” Fitch Ratings said.
If these conditions persist in the said time horizon, worsening the economic conditions, Fitch estimates around 50 per cent of its rated issuers to see rating pressure.
UNI MR。

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哈利伯顿表示国王曾在他新秀赛季结束后让他在萨克拉门托买房,因为他“会在那里待很长一段时间”。他说道:“新秀赛季结束后他们对我说,‘嘿,兄弟,你会在这里待很长一段时间,你应该考虑买套房’。我当时的反应是‘我挺好,我挺好,我什么都不用担心’。”
2022年2月,哈利伯顿在职业生涯的第二个赛季被国王打包巴迪·希尔德和特里斯坦·汤普森送到步行者,换来多曼塔斯·萨博尼斯、贾斯汀·霍勒迪、杰里米·兰姆和一个2023年次轮选秀权。
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Published on:00:21:42
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