Aitken Spence records Rs. 1.7b PBT in 1H
Aitken Spence PLC posted a pre-tax profit of Rs. 1.7b for six months
ended September 31, 2011, an increase of 7.5 percent from the
corresponding period last year.
Half-year results show a rise of 8 percent in group revenue to Rs. 13
b. Profit attributable to shareholders increased by 8.4 percent to Rs.
1.1 b while earnings per share rose by 8.4 percent to Rs. 2.79, over the
corresponding period in the previous year.
The tourism and cargo logistics sectors contributed positively to
revenue, the strategic investments sector showed a decline in revenue
for the period under review.
"The growth in pre-tax profit was mainly driven by our resort
portfolio in the Maldives and maritime services arm, which includes our
operations in southern Africa.
We are pleased to report strong performance by our printing and
garment businesses said, Aitken Spence PLC's Deputy Chairman and
Managing Director J.M.S. Brito.