Softlogic records Rs.275mn net profit

25 August 2011 05:04 am - 0     - {{hitsCtrl.values.hits}}

A A A

The newly listed Softlogic Holdings PLC has recorded a net profit of Rs.275 million for the quarter ended June 30, 2011. This shows a169 percent increase in profits compared with the corresponding quarter of the previous year

The consolidated revenue of the group also rose 162 percent to Rs.4.4 billion during the period under consideration.
 
According to Softlogic Chairman Ashok Pathirage this was partly due to the consolidation of Asiri Group results which contributed Rs 1.3 billion to the turnover.
 
He also said that the growth in profits does not reflect the interest savings from consolidation of the Group’s borrowing position consequent to the Initial Public Offering (IPO) of shares of Softlogic Group as the funds were received towards the end of the quarter.
 
“The benefits of the interest savings will be reflected in the future periods” Pathirage noted.
 
Softliogic has business interests in information technology, hospitals, retail, hotels, motor and insurance.
See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Employees’ health and safety our top-most priority - Brandix

When inquired, Brandix Apparel Limited said that health and safety of employe

“Workers who fainted had water sprinkled on their faces and had to work again”

Health authorities believe the first reported Covid-19 infected worker from t

“Social media ruined us” - husband of Minuwangoda Brandix factory worker

The Minuwangoda Brandix factory worker who first tested positive for Covid-19

Last rites far from home

The body of the Sri Lankan migrant worker Bandu who died of coronavirus in Du

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.