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 |