Further the Company’s gains in fair value of investment property was down from Rs.230 million in 4Q11 to Rs.100 million in 4Q12.
Also the interim financials disclosed that there was a fair increase in income tax paid by the company during the quarter under consideration which was up 105 percent YOY to Rs.60 million.
Meanwhile for the year ended March 31, 2012, the Company posted a net profit of Rs.630.5 million which was down 4 percent YOY, while EPS for the year under review stood at Rs.3.15 as against Rs.3.3 during the previous year.
Here too revenue was up 21 percent YOY to Rs.2.3 billion during 2012 while Gross profit too increased 27 percent YOY to Rs.1.5 billion during the year.
Administrative expenses and operating expenses increased 15 percent and 32 percent YOY respectively to Rs.551.4 million and Rs.262.7 million during the year under review.
A segmental analysis of the company revealed that the Hotel segment posted a revenue of Rs.2.3 billion for the year ended March 31, 2012 and the Investment property segment contributed Rs.55.7 million for the year.
Meanwhile during the year under review, Employees Provident Fund increased its stake in the Company to 2.14 percent from 0.39 percent from the previous year.
Add commentComments 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.
The death of the 16-year-old girl in Kalutara has been mired in controversy.
Sri Lanka boasts of a 2500 year old Buddhist culture. This culture also inclu
Abortion is illegal in Sri Lanka unless the life of the mother is at risk. Re
09 Jun 2023 - 10 - 1745
08 Jun 2023 - 3 - 1733
08 Jun 2023 - 0 - 93
08 Jun 2023 - 0 - 133
09 Jun 2023
09 Jun 2023
Name - Reply Comment