Wednesday 10 December 2014

Abans posts Rs 18.87 b revenue in first half

Abans, has posted a strong second quarter showing by its electrical and retail companies in the year showing a growth of 16% over the previous year.

The growth amount includes its Central Air Conditioning Company and its Transport company. Growth was significant, in its Transport Section by 96% its Air Conditioning Products by 14.64% Consumer Electronics 12.75%, IT Products 24.23% Sanitary Ware by 121% and Communication Products by 23.9%.

The company continues to make big advances in consolidating its position in IT Products representing Apple, HP, Dell, Lenovo, Toshiba, LG and Panasonic.

Hero motorcycles which was started two years ago, enjoys the No. 2 position for its products in Sri Lanka. Abans Central Air Conditioning Division representing Mitsubishi, Trane and LG continues to have the largest turnover of any Air Conditioning Company in Sri Lanka.

Abans has heavily spent on refurbishing and renovating its showroom network, enhanced its SCM POS Systems and continues to lead the market as the largest Retailer of IT and Communication Products in Sri Lanka. Abans Finance too increased its profitability by 33% in 2014.

The Rs.18.87 billion revenue for the first half of 2014/15 financial year excludes, its Restaurant, Security, Cleaning and affiliated businesses.
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