UMLL profit after tax soars 63.8% to Rs. 405.2 million

United Motors Lanka Limited (UMLL) reported the best results in its history for the financial year ended March 31, 2007, achieving its highest ever turnover and profit and recording its highest sales in brand new Mitsubishi vehicles.

The parent company, UMLL, excelled in its core business of selling brand new Mitsubishi vehicles and providing after sales service to Mitsubishi vehicle owners.

The company reported a turnover of Rs. 4,119.5 Million in 2006/07, an increase of 55.7% from the previous year whilst Profit Before Tax (PBT) of Rs. 638.2 million and Profit After Tax (PAT) of Rs. 405.2 million reflected an increase of 78.9% and 63.8% from the previous year's results. UMLL's consolidated turnover and profits were also the highest achieved so far.

Whilst Group turnover of Rs. 6.7 billion had grown by 43% from the previous year, Group PAT of Rs. 428.8 Million shows an increase of 46.7%.