Aitken Spence posts highest ever net profit

Aitken Spence PLC reported its highest ever net profit before tax of Rs. 3.4 billion and net profit after tax of Rs. 3.1 billion for the financial year 2008/09, signifying a growth of 8.4 percent. The diversified conglomerate's net profits attributable to shareholders rose 10.8 percent to Rs. 2.0 billion in the year ending March 31, 2009.

The audited annual results of the respected blue-chip released to the Colombo Stock Exchange on Friday reflected revenue increasing by 6.5 percent to Rs. 29.3 billion. Earnings per share rose 10.8 percent to Rs. 75.37.

Aitken Spence DeputyChairman/Managing Director J. M. S. Brito said that the evolution of the company continued during the year under review despite increasing challenges.