Cargills Ceylon PLC, a CT Holdings Company, reported a turnover of Rs 18.0 billion for the third quarter ending on December 31, 2015.
Group Gross profit for the nine months ended was Rs 5.7 billion while Operating profit reached Rs 2.4 Billion. Net profit for the nine months was Rs 1.2 billion.
The Retail business saw a strong turnaround for the nine months ended backed by a positive consumption.
Environment reinforced by strong focus on enhancing service levels and driving efficiency across the value-chain. The Retail sector reports an Operating Profit of Rs 1.2 Billion on a gross turnover of Rs 41.4 billion for the nine months ended.
The FMCG Sector has continued a stable performance with gross turnover reaching Rs 12.9 billion for the nine months ended while Operating Profit was Rs 1.1 billion. The double-digit growth reported by our agriculture, dairy and livestock processing businesses indicates category growth driven by our strong portfolio of national brands.
The Restaurants business is consolidating its upward trend bolstered by enhanced consumer spend.
The sector recorded a top line of Rs 2.1 billion for the nine months under review while Operating Profit was Rs 104.1 million.
The performance of the Group for the nine months ended demonstrates the results of concerted efforts to enhance business efficiency and productivity.
This would be further strengthened in the year ahead while the investment strategy would be focused on consolidating the business potential of every sector in line with future growth opportunities.
www.dailynews.lk
Group Gross profit for the nine months ended was Rs 5.7 billion while Operating profit reached Rs 2.4 Billion. Net profit for the nine months was Rs 1.2 billion.
The Retail business saw a strong turnaround for the nine months ended backed by a positive consumption.
Environment reinforced by strong focus on enhancing service levels and driving efficiency across the value-chain. The Retail sector reports an Operating Profit of Rs 1.2 Billion on a gross turnover of Rs 41.4 billion for the nine months ended.
The FMCG Sector has continued a stable performance with gross turnover reaching Rs 12.9 billion for the nine months ended while Operating Profit was Rs 1.1 billion. The double-digit growth reported by our agriculture, dairy and livestock processing businesses indicates category growth driven by our strong portfolio of national brands.
The Restaurants business is consolidating its upward trend bolstered by enhanced consumer spend.
The sector recorded a top line of Rs 2.1 billion for the nine months under review while Operating Profit was Rs 104.1 million.
The performance of the Group for the nine months ended demonstrates the results of concerted efforts to enhance business efficiency and productivity.
This would be further strengthened in the year ahead while the investment strategy would be focused on consolidating the business potential of every sector in line with future growth opportunities.
www.dailynews.lk
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