Ceylon Cold Stores March net up 61-pct

ECONOMYNEXT – Ceylon Cold Stores said March 2016 quarter net profit rose 61% to 967 million rupees from a year ago as the firm benefitted from higher consumer spending as disposable incomes increased.

Sales grew 28% to 9.5 billion rupees during the quarter, interim accounts filed with the stock  exchange showed.

Earnings per share for the period were 10.17 rupees, said the firm, part of the John Keells Holdings group.

In the year ended 31 March 2016, EPS was30.25 rupees with net profit up 88% to 2.9 billion rupees while sales rose 23% to 34 billion rupees.
(COLOMBO, May 26 2016)

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