Renuka Holdings PLC is one of the four Sri Lankan companies selected by Forbes Asia for the 'great honour' of being the “Best under a US$ Billion”, the company said this week.
Forbes Asia’s “Best under a Billion” companies are Asia Pacific’s top, small and mid-size listed companies.
The year under review was a milestone year for the Group as its Profit after Tax (PAT) surpassed half a billion rupees, for the first time. The Group reported revenue of Rs. 2.7 billion, which is a 62% growth over the Rs. 1.7 billion recorded in the previous year.
Chairperson Mrs. I. R. Rajiyah in her annual review stated, “The group has a number of projects in the pipeline. Among them are the Coconut Water Project of Renuka Agri Foods PLC, setting up Renuka Products Ltd, a dedicated FMCG manufacturing facility for Shaw Wallace Ceylon Ltd and a foray into Property Development using the group’s existing land bank. With so many concurrent developments we are on an aggressive expansion drive to use our expertise, unlock our assets and craft value for all our stakeholders”. |
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