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Sri Lanka’s Expolanka June net up 12-pct, margins under pressure

Aug 08, 2017 17:15 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Sri Lanka’s Expolanka Holdings said June 2017 quarter net profit rose 12 percent to 204 million rupees from a year ago, but that its margins were under pressure.

The firm's quarterly earnings per share, now controlled by Japan’s SG Holdings, rose to 10 cents from 09 cents over the period.

The group's June quarter sales were up 6 pecent to 15.9 billion rupees, according to interim accounts filed with the stock exchange.

Profits in the group’s main logistics business fell despite growth in sales, largely owing to pressure on margins, while that of the leisure business grew.

“Maintaining margins remain a constant challenge as pressure on yields remain,” said Expolanka Group Chief ExecutiveHanif Yusoof.

(COLOMBO, August 08, 2017)


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