Expolanka Holdings posts Rs. 335m PAT for Q1

Expolanka Holdings PLC sustained its consolidated NPAT for the first quarter of FY 2012/13 at Rs. 335m, with a consolidated NPBT at Rs. 461m.

Group CEO of Expolanka Holdings PLC, Hanif Yusoof said, “more focus was given towards consolidating our businesses with investments in freight and logistics and travel and leisure. Our sustained growth strategies have yielded a 24 percent growth in revenue which has seen our revenue levels growing from Rs. 8.4b to Rs. 10.4b.”

“During the quarter the group acquired a few strategic and synergistic investments. In particular, Akquasun Holidays India and Expo Freight USA had notable positive impact on the consolidated revenue as well as on the overall profit levels of the company during the quarter under review,” he said.

The Freight and Logistics Sector of the Group contributed Rs. 326 m to NPBT and the other three key sectors - International Trading and Manufacturing, Travel and Leisure and Strategic Investments and Services - contributed a PBT of Rs. 135 m to the Group.

The core sector, Freight and Logistics contributed 18 percent of the growth in revenue in relation to the previous year.

During the first quarter the company made investments in North America, China and Hong Kong.