Ambeon Holdings delivers sound FY 2024/25 results
View(s):Ambeon Holdings PLC, a leading diversified conglomerate with key business interests across Information Technology, Financial Services, Real Estate, and Strategic Investments, has reported a Profit After Tax (PAT) of Rs.1,910 million for the 2024/25 financial year.
“These results reflect a resilient performance and sustained strategic progress amidst ongoing challenges in a recovering macroeconomic environment but represents a decrease of Rs.947 million compared to the previous financial year, largely attributable to one-off gains recognised last year, including the disposal gain from the divestiture of a 51 per cent stake in Dankotuwa Porcelain PLC during FY 2023/24,” the company said in a media release.
Commenting on the performance, Sujeewa Mudalige, Chairman of Ambeon Holdings PLC, stated: “Given the market challenges faced during the year, the group delivered a commendable performance, demonstrating strength and resilience and operational discipline across all businesses”
The group recorded a Profit Before Tax (PBT) of Rs.2,260 million, with consolidated revenue increasing by 2 per cent to Rs.17,522 million, compared to Rs.17,154 million reported in the previous financial year.
Dr. Sajeeva Narangoda, Group Chief Executive Officer and Executive Director, added: “Amidst improving economic conditions and renewed market confidence, the group has delivered solid and consistent results across all its core sectors. This performance reflects our disciplined approach to operational excellence and strategic execution. By effectively leveraging the synergies between our Technology, Financial Services, Strategic Investments, and Real Estate clusters, we have been able to optimise resources, enhance innovation, and drive cross-sector collaboration.”
The Real Estate cluster, represented by Colombo City Holdings PLC, posted a PAT of Rs.246 million, while the Technology cluster, spearheaded by MillenniumIT ESP, recorded a PAT of Rs.58 million.
MIT ESP which provides value driven technology solutions to global organisations also achieved a notable revenue increase of 18 per cent, reaching Rs.15,644 million in FY 2024/25, an increase from Rs.13,228 million achieved during the previous year. Ambeon Holdings PLC said it continues to build on its strong foundation, delivering stakeholder value through prudent investment, operational excellence, and a forward-focused strategic outlook across all clusters.
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