On’ally Holdings sees Rs 89 mn PBT
View(s):On’ally Holdings PLC posted a strong growth during the financial year 2013/2014, through registering a profit before tax of Rs. 88.86 million excluding the gain on revaluation of investment properties of Rs. 235.49 million, its Chairman, Nimal Perera has said in his annual statement.
In the year under review, turnover of the company grew by 7.15 per cent to reach Rs. 105.38 million, compared with the turnover of Rs. 98.35 million in 2012/2013. The revision of rentals of existing tenants and maintaining 100 per cent occupancy during the financial year and increased interest rates on investments were the major reasons for increase in turnover and the profitability, Mr. Perera has said.
The directors of the company have approved a final dividend of Rs. 1.70 per share whilst an interim dividend of Rs. 1.10 per share was paid. “Therefore, the total dividend for the year under review was Rs. 2.80 per share, by registering the largest payout to shareholders since the inception of the company.
The total dividend declared to the shareholders of the On’ally Holdings PLC for this year was Rs. 49 million. It is a 12 per cent increase compared to the previous year,” Mr. Perera has said.
He has said that Unity Plaza continues to be the focus of the thriving information technology industry with the majority of its occupants being computer related companies and amidst the challenges posed by the current economic climate they’ll see a continued profitability thus enabling an attractive return to shareholders.