Keells Food Products posts Rs. 331m PBT

Some of the key financial highlights for the financial year 2014-15:

The consolidated profit before tax (PBT) for the financial year 2014-15 was Rs. 331 million compared to a loss of Rs. 12 million in the previous financial year. On a recurring basis, the PBT of Rs. 331 million is an increase of 161 percent over the corresponding figure for 2013-14, which excludes the impact of the one off charge of Rs. 139 million associated with the Voluntary Retirement Scheme (VRS).

The profit attributable to equity holders of the parent was Rs. 261 million, representing a significant increase over the Rs. 0.47 million recorded in 2013-14, while the recurring profit attributable to equity holders of the parent was Rs. 261 million, representing an increase of 87 percent over the previous financial year. Revenue for the financial year 2014-15 was Rs. 2.62 billion, this being an increase of 15 percent over the Rs. 2.28 billion recorded in the previous financial year.