The Browns Group this week said it posted a turnover of Rs 2.6 billion for the 9-month period ending December 31, and noted that: “The company’s future direction is being chartered both as a trading and manufacturing entity whilst also being a strategic investment vehicle aimed at increasing share value to its stakeholders.”
The turnover recorded was up 41% growth from the same period period last year, while group profit stood at around Rs.808 million for the period ending last December.The company said it has made several investments into both the financial and plantation sectors seen as future revenue sources. Brown & Company also holds over 9% stake in both Seylan Bank and HNB.
The company has invested in Mathurata and Pussellawa Plantations through a strategic investment with Taprobane Holdings Ltd which together has 31 tea estates and nine rubber estates. |
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