Dr. Parakrama Dissanayake Archives

Aitken Spence records highest-ever 1Q PBT of Rs.7.2 bn Source : ailymirror.lk Anchored through a heritage of excellence spanning over 150 years with diversified business operations across 8 countries, Aitken Spence PLC reported a strong performance for its fiscal first quarter (1Q23), the interim accounts released to the Colombo Stock Exchange showed. The conglomerate recorded a significant increase on its profit before tax (PBT) of Rs. 7.2 billion compared to a loss of Rs. 467 million a year ago. This is the highest 1Q performance in the group’s history despite the multiple obstacles stemming from the current economic crisis. The group recorded 553 percent increase in EBITDA (earnings-inclusive of equity accounted investees, before interest expenses, tax, depreciation, and amortisation) of Rs.10.9 billion compared to Rs.1.7 billion in the previous year. Accordingly, the group recorded earnings of Rs.14.41 per share or Rs.5.8 billion for the quarter under watch compared to a loss of 60 ...

Aitken Spence records Rs. 2.9 billion EBITDA across all sectors for 2Q with 388% growth Source:FT The leading blue-chip conglomerate, Aitken Spence PLC has reported an impressive growth of 388% from its earnings before interest expense, tax, depreciation and amortisation (EBITDA) of Rs. 2.9 billion compared to Rs. 595 million in 2Q of the previous year. In a statement Aitken Spence said during the 2Q the Group’s non-tourism sectors recorded a growth of 35% from its EBITDA of Rs. 2 billion against Rs. 1 billion during the 2Q of the previous year. The Group’s tourism sector reached a significant triple-digit growth of 188% from its EBITDA of Rs. 824 million as against a loss of Rs. 940 million during the 2Q of the previous year. ...