Richard Pieris records turnover growth of 12%

The Richard Pieris Group ended its first half year’s performance with steady group operating profits compared to the corresponding period of the previous year, a media release from the company stated.

The six months ended September 30, 2012 evidenced a positive performance in all its major sectors with the reported turnover surpassing Rs.16 b which is yet another remarkable achievement.

The Group continues to capitalise on its solid business base and the key sectors of retail, tyre, plantations and plastics are expected to further improve performance over the second half of the financial year. The aggressive expansion of the retail sector is expected to continue and the Group’s insurance business was established in January.