For the quarter under review, the group reported 9 percent year-on-year (YoY) increase in revenue to Rs.21. 8 billion. For the six months ended in September, the group’s revenue however fell 3 percent YoY to Rs.35.9 billion.
Primary contributors to group’s top line for the cumulative period were retail (52 percent contribution), financial services (22 percent), healthcare services (20 percent), IT (5 percent) followed by the non-core sectors - automotive and leisure & property.
The group recorded operating profit of Rs.2.5 billion for the quarter under review, up 36 percent YoY, supported by higher other operating income, which comprise of recurrent and non-recurrent income such as investment income, fee and commission generated from retail and financial services, and lower distribution expenses.
The gross profit for the period was flat at Rs.7.1 billion as cost of sales rose 14 percent YoY to Rs.14.6 billion. age
This story is from the November 18, 2020 edition of Daily Mirror - Sri Lanka.
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This story is from the November 18, 2020 edition of Daily Mirror - Sri Lanka.
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