Renuka Holdings posts Rs 148 m profit 1Q
Renuka Holdings PLC announced noteworthy turnover and profit growth
for the three months ending June 30, 2010.
Group turnover increased to Rs 373.6 million and total assets of the
group increased to Rs 2.9 billion.
Group profit after tax was Rs 148.2 million compared to Rs 61 million
for the corresponding quarter, of which Rs 119 million was attributable
to shareholders, up 279 percent versus Rs 31.4 million in the comparable
quarter.
These impressive financial results can be attributed to strong
performances by the Group’s agribusiness, investment and service
sectors.
Its listed subsidiaries include Coco Lanka PLC and Renuka Agri Foods
PLC.
In the company’s Operations Review, Chairperson Indu Rajiyah said,
“We will soon embark on our third sector which will see us entering the
Property Development and Leisure areas by utilizing 1.6 acres of
freehold property that the company owns in Colombo”. |