The Softlogic Group has reported a turnover of Rs. 21.4 billion for the 2011/12 year, up nearly by 100 % from the previous year with growth driven by its finance and health care sectors, among others.
The health care sector achieved growth of 23% while the financial services sector excluding Asian Alliance Insurance, had year over year growth of 75%, according to the group’s interim, annual financial statement released to the media.
Post-tax profit for the year was Rs. 1.1 billion which included a reversal of Rs. 50 million in deferred tax assets in the retail sector during the fourth quarter. “The interest cost and taxes were the main drivers for lower profits where the Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) when calculated is Rs. 4.8 billion for the year which is within the target set at the beginning of the year,” the statement said. |
E-mail
