LKCSE Colombo Stock Exchange Pre-Open
  • Current Exchange
    Colombo Stock Exchange LKCSE

Market time

Send This Page To Friends and Colleagues

You can Enter more than one email separated by (,)
Allowed 100 characters only
09 February, 2015 07:39 AM Source: Financial Times - Sri Lanka
expolanka PLC.jpg

Expolanka Holdings Plc has posted a revenue of Rs. 13 billion and a net profit of Rs. 408 million for the third quarter of the financial year 2014/15.
Performance in the quarter has driven the consolidated net profit of the group towards Rs. 760 million for the nine months ended 31December 2014.
In terms of the core business operations of the organisation, Expolanka recorded an underlying profit growth of 24.5% (YOY) during the third quarter excluding the Extraordinary Income related to the restructure activities of the organisation.
Commenting on the results, Expolanka Holdings CEO/Director Hanif Yusoof said: “The key drivers behind the positive shift areour strategic planning, efforts on business growth and focus on operational efficiencies.”
The Group’s core sector Freight and Logistics saw an improvement during the quarter which has driven the sector to record a year to date revenue of Rs. 28 billion and a profit of 716.7 million. The performance during the quarter resulted in a growth of 51% of Profit After Tax compared to the third quarter of last financial year.
From a geographical perspective, the Indian subcontinent performed well during the quarter. The Sri Lankan and Indian entities achieved a profit growth which was a direct result of the business growth achieved particularly on the US trade lane. However the Bangladesh entity continued to be affected by the challenges faced in the local apparel sector of the country.
Indonesian trade continued to maintain the momentum gained in the previous two quarters fuelled by increased volume from Europe and the US.

Read Original Article

Add Comment | 0   comment

Readers Comment

Nothing found to display
page number 1

Add Comment

Please login first to comment Click here to login

Stocks in Focus

Features for Registered Users

E-mail Alerts
Daily Newsletter
Your Watchlist
Advanced Tools
Many more

Will automatically display the last quotes you have visited here.

All Rights Reserved - DUInvest © 2014


Do You have an Account ? , Click here to create a new account

Your Opinion Matters

What do you think about the new Website?