Diversified blue chip conglomerate Aitken Spence PLC reported a pre-tax profit of Rs 1.2 bn for the first quarter, a growth of 20 per cent, over the previous year, while the Group’s profit attributable to shareholders of the parent grew by 12 per cent to Rs. 746 mn.
The Company’s financial results for the three months ended 30th June 2014 released to the Colombo Stock Exchange on Friday, reported that the revenue for the first quarter increased by 28.8 per cent to Rs. 10.32 bn, whilst earnings per share for the quarter stood at Rs. 1.84, an increase of 12% per cent over the corresponding period in the previous year.
The Tourism arm of the Group, which includes hotels in Sri Lanka, the Maldives, India and Oman together with its leading destination management company in Sri Lanka, reports healthy returns. The sector also expanded its portfolio with Al-Jabal Al-Akhdhar hotel in Oman and a five-star 143 room hotel in Chennai, India. Proposed 500-room, USD 100 million beach resort in Ahungalla jointly owned with international hotel chain - RIU commenced its construction during the quarter and is expected to open during the second half of the financial year 2016/17.
www.island.lk
The Company’s financial results for the three months ended 30th June 2014 released to the Colombo Stock Exchange on Friday, reported that the revenue for the first quarter increased by 28.8 per cent to Rs. 10.32 bn, whilst earnings per share for the quarter stood at Rs. 1.84, an increase of 12% per cent over the corresponding period in the previous year.
The Tourism arm of the Group, which includes hotels in Sri Lanka, the Maldives, India and Oman together with its leading destination management company in Sri Lanka, reports healthy returns. The sector also expanded its portfolio with Al-Jabal Al-Akhdhar hotel in Oman and a five-star 143 room hotel in Chennai, India. Proposed 500-room, USD 100 million beach resort in Ahungalla jointly owned with international hotel chain - RIU commenced its construction during the quarter and is expected to open during the second half of the financial year 2016/17.
www.island.lk
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