Aitken Spence pre-tax profit up 2.1% in Q1
View(s):Aitken Spence PLC reported a pre-tax profit of Rs 937 million for the first quarter, a growth of 2.1 per cent, over the previous year, while the group’s profit attributable to shareholders of the parent grew by 4.1 per cent to Rs. 667 million, a company media release said.
The company’s financial results for the three months ended 30th June 2013 reported that the revenue for the first quarter declined by 11.3 per cent to Rs. 7.64 billion, while earnings per share for the quarter stood at Rs.1.64, an increase of 4.1 per cent over the corresponding period in the previous year.
“The tourism sector, which includes hotels in Sri Lanka, the Maldives, India and Oman as well as the leading destination management company in Sri Lanka reported healthy returns. Cargo Logistics and the Strategic Investments sectors reported a decline whilst the Services sector showed steady growth,”the release said.
J.M.S. Brito, Deputy Chairman and Managing Director of Aitken Spence PLC said, “We are pleased to report overall modest growth in profits for the quarter despite a challenging environments in several of our key sectors. A strong performance from our geographically diversified tourism sector contributed strongly to the group’s performance”.
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