Sunday Observer Online
 

Home

Sunday, 7 June 2015

Untitled-1

observer
 ONLINE


OTHER PUBLICATIONS


OTHER LINKS

Marriage Proposals
Classified
Government Gazette

Expolanka posts revenue of Rs13.9 b

Expolanka Holdings PLC posted a revenue of Rs 13. 9 billion for the final quarter of the financial year 2014-15 with a growth of 14 percent compared to the corresponding quarter of the previous year. Profit after tax reached Rs 287 million for the final quarter of this year recording a growth of 181 percent compared to the corresponding quarter of the previous year.

"A year after implementing the strategic restructuring plan and striking a partnership with SG Holdings Japan, we are pleased with the progress and confident about our future. The solid platform built with the synergy gained from our partnership with SG Holdings Japan and the focused restructuring strategy will result in aggressive growth in the coming years," Group CEO and Director, Expolanka Holdings, Hanif Yusoof said.

In spite of the positive growth during the final quarter of this financial year, the Group's net profit declined to Rs 1 billion from Rs 1.5 billion recorded during the financial year 2013-14 mainly due to one-off gains recorded in the previous year related to divesting several non-core business.

The freight and logistics sector posted a revenue of Rs 11.9 billion for the fourth quarter indicating a healthy growth of 36% from the recorded revenue of Rs 8.7 billion during the corresponding period last year. Strong performance from North America trade lane coupled with steady growth in Asia trade lane supported this growth.

The net profit for the sector reached Rs 407 million for the quarter. The travel and leisure sector posted a revenue of Rs 747 million for the financial year 2014-15

 | EMAIL |   PRINTABLE VIEW | FEEDBACK

www.defence.lk
Donate Now | defence.lk
www.apiwenuwenapi.co.uk
LANKAPUVATH - National News Agency of Sri Lank
www.batsman.com
Telecommunications Regulatory Commission of Sri Lanka (TRCSL)
www.army.lk
www.news.lk
 

| News | Editorial | Finance | Features | Political | Security | Sports | Spectrum | World | Obituaries | Junior | Youth |

 
 

Produced by Lake House Copyright © 2015 The Associated Newspapers of Ceylon Ltd.

Comments and suggestions to : Web Editor