Keells Food Products PLC has delivered a commendable performance recording a consolidated profit after tax (PAT) of Rs.334.71 mn for the financial year ending March 31,2016.
“It is the outcome of the strategy formulated through intensive stakeholder engagement ensuring that our products are relevant to an increasingly discerning consumer. We continue to support our dealers and suppliers by investing in growing their business with us”, Keells Food Products Chairman Susantha Ratnayake said.
This enabled a more granular approach to marketing and promotions, driving revenue growth which was buoyed by increased disposable income.Gross Profit margin for the year remained consistent at 29 percent whilst Net Profit margin improved to 11 percent.
The Board has recommended the payment of a final dividend of Rs.8.00 per share in addition to the interim dividend of Rs. 4.00 per share paid in October 2015, resulting in a total dividend per share of Rs.12.00 for the financial year 2015/16. The total payout for the financial year will amount to Rs.306 million which amounts to a dividend pay-out ratio of 91 percent.
“Opportunities in export markets are also likely to produce positive results in 2016/17. During the last two years, our exports to India were hindered due to changes in regulations at the point of entry. It is heartening to note that these regulations have been relaxed during quarter four of the year under review and we are hopeful of recommencing our exports to India during the 2016/17 financial year,”Ratnayake told shareholders.
Net Cash flow from operating activities increased by 17% to Rs.451 million as a result of the business growth enumerated throughout the report.
Investment activities carried out during the year reflect the purchase of Rs.80 million worth of property plant and equipment to facilitate further expansion of the business as well as replacement of machinery and equipment beyond repair. Finance activities comprised the dividend payments of Rs.281 million and repayment of debt of Rs.50 million.
“It is the outcome of the strategy formulated through intensive stakeholder engagement ensuring that our products are relevant to an increasingly discerning consumer. We continue to support our dealers and suppliers by investing in growing their business with us”, Keells Food Products Chairman Susantha Ratnayake said.
This enabled a more granular approach to marketing and promotions, driving revenue growth which was buoyed by increased disposable income.Gross Profit margin for the year remained consistent at 29 percent whilst Net Profit margin improved to 11 percent.
The Board has recommended the payment of a final dividend of Rs.8.00 per share in addition to the interim dividend of Rs. 4.00 per share paid in October 2015, resulting in a total dividend per share of Rs.12.00 for the financial year 2015/16. The total payout for the financial year will amount to Rs.306 million which amounts to a dividend pay-out ratio of 91 percent.
“Opportunities in export markets are also likely to produce positive results in 2016/17. During the last two years, our exports to India were hindered due to changes in regulations at the point of entry. It is heartening to note that these regulations have been relaxed during quarter four of the year under review and we are hopeful of recommencing our exports to India during the 2016/17 financial year,”Ratnayake told shareholders.
Net Cash flow from operating activities increased by 17% to Rs.451 million as a result of the business growth enumerated throughout the report.
Investment activities carried out during the year reflect the purchase of Rs.80 million worth of property plant and equipment to facilitate further expansion of the business as well as replacement of machinery and equipment beyond repair. Finance activities comprised the dividend payments of Rs.281 million and repayment of debt of Rs.50 million.
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