Aitken Spence nine-month profit up 16% to Rs. 1.9 billion
Aitken Spence released its third quarter financial results to the
Colombo Stock Exchange. The blue- chip reported a Rs. 1.9 billion as
profit before taxation and Rs. 1.1 billion profit attributable to the
shareholders for the nine months ending December 31, 2007, a growth of
15.8 per cent and 20.7 per cent, compared to last year.
Group Turnover has increased significantly by 35.1 per cent to Rs.
18.7 billion, up from Rs. 13.8 billion last year. Earnings per Share
increased 20.7 per cent from Rs. 33.65 to Rs. 40.63.
The Group made renewed efforts in the corporate responsibility front
during the period under review, with the Company opening the Aitken
Spence School of Hospitality in Ahungalla as a joint effort of Aitken
Spence PLC. The School will provide training to around 100 rural youth
in the surrounding region each year.
The Company resuscitated a garment factory with the opening of the
Aitken Spence Apparels factory at the Koggala Export Processing Zone,
under the "Nipayum Sri Lanka" 300 Enterprises Program, initiated under
the Mahinda Chinthana concept.
During the period under review, Heritance Kandalama was yet again
recognised for its environmental commitment by the popular US-based
Travel and Leisure magazine and Conservation International as one of the
top 15 green hotels in the world. The company said that the recognition
has raised Sri Lanka's profile as an eco-tourism destination.
In a period which saw Aitken Spence Hotels winning many international
and local accolades, The Sunday Times of UK named Sri Lanka's first
theme hotel, The Tea Factory among the "World's Best 100 Places to Stay"
in its September Travel issue while the London-based The Independent
named it as one of the top five factory hotels in the world.