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Sri Lanka Abans June net profit up sharply

ECONOMYNEXT –Sri Lankan retailer Abans Plc said June 2015 quarter net profit shot up 487 percent to 440 million rupees from a year ago helped by sharply higher earnings from its retail business.

Earnings per share for the quarter were 201.18 rupees, a stock exchange filing said.

Sales rose 24 percent to nine billion rupees from the previous year.  The accounts showed profits from trading shot up 434 percent to 399 million rupees.  (Colombo/August 14 2015)

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