Ceylon FT: Sathosa Motors PLC reported an 86% growth in net profits to Rs 244.1 million during the nine months ended December 2013, interim financial results showed.
Access Engineering PLC has an 84.4% stake in the company as at the balance sheet date.
Turnover grew 24% to Rs 2.19 billion and other operating income grew 209% to Rs 102.34 million.
Administrative expenses grew 123% to Rs 218.3 million and selling and distribution expenses grew 390% to 58.27 million.
Access Engineering PLC has an 84.4% stake in the company as at the balance sheet date.
The company is agents for Japan's Isuzu and Germany's Opel and operates workshops for a range of vehicles under these brands from cars to heavy construction vehicles.
http://ceylontoday.lk/22-54190-news-detail-sathosa-motors-profits-up-86.html
http://ceylontoday.lk/22-54190-news-detail-sathosa-motors-profits-up-86.html
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