Renuka Holdings PLC in Forbes Asia‘s “Best under a US$ Billion” two years in a row
View(s):Renuka Holdings PLC was one of two Sri Lankan companies selected by Forbes Asia “Best under a US$ Billion’ award at a ceremony at the Shangri-La Hotel in Singapore last week.
Forbes Asia’s “Best under a Billion” are Asia Pacific’s top mid-sized companies. According to Forbes, the criteria of selection included profitability, growth, modest indebtedness and future prospects.
According to Renuka Holdings PLC’s Annual Report for 2011/2012, the group said its gross profit showed record levels this time.
Revenue was Rs. 5.4 billion, up 100 per cent over the Rs. 2.7 billion recorded the previous year. Profit-after-taxation was Rs. 510.6 million, while total equity of the group grew from Rs. 4.8 billion to Rs. 6.7 billion at the end of the financial year.
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