This was the first complete year of operation since the acquisition of subsidiaries in March 2009 transforming Renuka Holdings from an Investment Trust to a Diversified Holding Company.
Turnover for the period reviewed grew to Rs 1.5 billion, while total assets of the group increased to Rs 2.8 billion as of March 31, 2010. Of the Rs 373 million, Rs 241 million was attributable to the shareholders of the company.
In the corresponding financial year the Group recorded a profit of Rs 443 million due to an exceptional gain of Rs 448 million on negative goodwill on acquisition of subsidiaries.
Earnings per share were Rs 5.04 for the twelve months of 2009/2010 which was after the five-for-one share split which the company undertook in the period. On a segmental basis the Agri-Business Sector posted a profit of Rs 230 million and the Investment and Service Sector Rs 157 million.
source - www.dailynews.lk
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