|
|
|
|
| Sunday, 19 June 2005 |
 |
|
 |
Business |
 |
|
News Business Features
Editorial
|
Touchwood Investments profits up 193% Touchwood Investments Ltd. (TIL) recorded a profit of Rs. 27.5 million, a significant increase of 193% for the financial year ending 2004/05 as against the previous financial year, despite the stringent conditions which prevailed in the country. The company has been consistently maintaining a steady growth by recording a turnover of Rs. 155 million, an increase of 88% as against the last financial year. The net asset per share increased from Rs. 35.23 to Rs. 57.57, an increase of 63%, the earning per share (EPS) significantly increased from Rs. 4.98 to Rs. 9.80 up by 97% against the previous financial year. The company has provided a 5% interim dividend and the company's shares have broken records in the share market by an increase from Rs. 10 (in April '04) to Rs. 63 in March '05. CEO of TIL Asitha Koralage, said that this achievement is in accordance with the company's business plan, mainly attributable to Touchwood's international market penetration, aggressive local sales and marketing, plus sound financial management. Touchwood is succeeding in its objectives by establishing a strong HR cross functionality and synergy, resulting in a total team effort of all employees and Directors of the company. |
|
|||||||||
|
| News
| Business |
Features |
Editorial | Security | Produced by Lake House |
