COLOMBO: Keells Food Products PLC, the processed meat industry leader in the country, saw its profit surging exponentially for FY15 amid higher top line growth.
The company reported a net profit of Rs.261 million for the full year under review against net profit of Rs.467, 000 a year ago. The earnings improved to Rs.10.25 per share from 2 cents. The revenue for the year rose 15 percent yoy to Rs2.61 billion with cost of sales increasing at a lesser pace of 5 percent yoy to Rs.1.87 billion. The gross profit stood at Rs.743 million, up 48 percent.
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The company reported an operating profit of Rs.338.3 million against an operating loss of the Rs.33.5 million in the previous year amid the absence of one-off expenses.
