Hemas Holdings PLC (HHL) recorded a solid first half performance with consolidated Group revenue of Rs. 18.4 billion for the six months ended September 30, 2015, reflecting a Year-on-Year (YoY) growth of 19.6%.
This led to an operating profit of Rs. 1.6 billion and earnings of Rs. 1.1Bn, a growth of 11.6% and 18.4% respectively.
However, last year's corresponding period includes a one-off capital gain of Rs. 89 million from the sale of the Nimex Brand and excluding the same, the underlying earnings growth of the Group stood at 31.6% over last year, said Steven Enderby, Chief Executive Officer, HHL.
During the second quarter of FY15/16, the Group recorded a revenue growth of 16.7% compared with the same quarter last year. Good growth was recorded by the FMCG and Healthcare sectors of 16.3% each.
However, both operating profit and earnings shows a negative growth of 1.2% and 0.7% respectively, due to exchange losses from our new hotel and the one-off capital gain and profit from discontinued operations recorded in the previous year. Excluding these, operating profit and earnings recorded an underlying growth of 9.0% and 16.6% respectively.
The FMCG sector reported revenues of Rs. 7.4 billion for the six months under consideration, a 24.5% YoY increase on the previous financial year.
"Our Bangladesh operation maintained its high revenue growth almost doubling last year's performance with the extended market reach through our recently established sales team starting to deliver."
Fuelled by 16.7% growth in our pharmaceutical distribution business top line, the healthcare segment of the Group achieved sales of Rs.7.7 billion for the six months ended September 30, 2015.
Spurred by increased demand for healthcare in the country and the growing diagnostic network of the Group, all three hospitals recorded a YoY growth in revenue of 29.9%.
JL Morison posted a significant top-line growth of 35.7% and an earnings growth of 77.6%.
Transportation sector revenue of Rs. 828.7 million reflects a YoY growth of 14.6%, stemming from strong performance of our logistics business.
The growth of the logistics business was mainly due to the securing of new projects, warehouses operating with full capacity and haulage business growing with the car carrier operation performing well.
The leisure segment recorded total revenue of Rs. 1.3 billion for the six months under consideration, registering a 7.5% increase over that of the first half of financial year 2014/15. The increase was primarily driven by the healthy overall occupancy rate of 74%.
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This led to an operating profit of Rs. 1.6 billion and earnings of Rs. 1.1Bn, a growth of 11.6% and 18.4% respectively.
However, last year's corresponding period includes a one-off capital gain of Rs. 89 million from the sale of the Nimex Brand and excluding the same, the underlying earnings growth of the Group stood at 31.6% over last year, said Steven Enderby, Chief Executive Officer, HHL.
During the second quarter of FY15/16, the Group recorded a revenue growth of 16.7% compared with the same quarter last year. Good growth was recorded by the FMCG and Healthcare sectors of 16.3% each.
However, both operating profit and earnings shows a negative growth of 1.2% and 0.7% respectively, due to exchange losses from our new hotel and the one-off capital gain and profit from discontinued operations recorded in the previous year. Excluding these, operating profit and earnings recorded an underlying growth of 9.0% and 16.6% respectively.
The FMCG sector reported revenues of Rs. 7.4 billion for the six months under consideration, a 24.5% YoY increase on the previous financial year.
"Our Bangladesh operation maintained its high revenue growth almost doubling last year's performance with the extended market reach through our recently established sales team starting to deliver."
Fuelled by 16.7% growth in our pharmaceutical distribution business top line, the healthcare segment of the Group achieved sales of Rs.7.7 billion for the six months ended September 30, 2015.
Spurred by increased demand for healthcare in the country and the growing diagnostic network of the Group, all three hospitals recorded a YoY growth in revenue of 29.9%.
JL Morison posted a significant top-line growth of 35.7% and an earnings growth of 77.6%.
Transportation sector revenue of Rs. 828.7 million reflects a YoY growth of 14.6%, stemming from strong performance of our logistics business.
The growth of the logistics business was mainly due to the securing of new projects, warehouses operating with full capacity and haulage business growing with the car carrier operation performing well.
The leisure segment recorded total revenue of Rs. 1.3 billion for the six months under consideration, registering a 7.5% increase over that of the first half of financial year 2014/15. The increase was primarily driven by the healthy overall occupancy rate of 74%.
www.dailynews.lk
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