Aitken Spence PLC this week reported a rise in pre-tax profit to Rs.1.6 billion for the six months ended 31st March 2010 while profit attributable to shareholders rose by 37 % to Rs. 1.05 billion over the previous year.
J M S Brito |
Earnings at the diversified Sri Lankan conglomerate rose by 37 % to Rs. 38.65 for the six months while Group Revenue increased by 11.6 % to Rs. 11.92 billion. “Our hotels sector performed significantly better during the period under review, driven primarily by our properties in Sri Lanka. We were also able to improve the profits from our chain of resorts in the Maldives,” said Deputy Chairman & Managing Director J M S Brito.
He said with active involvement in the expansion of the Port of Colombo, the company is moving ahead with major investments in tourism and several other sectors of the country. With an enabling environment for the private sector to invest, Sri Lanka can expect sustained levels of high growth, Mr Brito said.
During the period under review, the Ministry of Ports and Aviation and Sri Lanka Ports Authority granted the Aitken Spence-China Merchants Holdings International consortium the letter of intent to design, build, operate and transfer a new deep-water container terminal in Colombo Port following Cabinet approval.
With the view to expanding its Container Freight Station activities in order to cater to the expected demand the company acquired a 46,000 sq. ft. state-of- the-art Container Freight Station facility during the period under review. |
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