COLOMBO: Expolanka recorded a revenue of Rs.56 billion for the twelve months ended in March 31 for the financial year 2015/16 recording a growth of 6% in comparison to the previous financial year.
The Group’s profit before tax (PBT)reached Rs.2 billion at the completion of the financial year 2015/16 recording an increase of 55% in comparison to the previous year. The Group recorded a revenue of Rs. 52 billion and a PBT of Rs.1.3 billion during the financial year 2014/15 (previous financial year).
Expolanka Holdings Group CEO Hanif Yusoof said the year has been one of steady growth. The Group looked to yield the benefits of the restructuring process by focusing on the growth of core business.Our focus remained on improving operational efficiencies on a sustainable platform with a clear vision for the future.
The Group’s core sector Freight and Logistics recorded a revenue of Rs.46 billion for the twelve months ended in March for financial year 2015/16, posting a growth of 15% in comparison to the previous financial year.
The year’s positive results were mainly driven by the sustained performance of the Indian sub continent along with market growth in Indonesia, Vietnam and Hong Kong, USA and China.
