May 30, 2011 (LBO) - Sri Lanka's Richard Peiris group said profits for the March 2011 quarter were up 1 percent to 335 million rupees, with revenues growing 22 percent to 7.2 billion rupees.
Full year profits rose 190 percent to 1.68 billion rupees with revenues growing 22 percent to 27.2 billion rupees according to interim accounts filed with the Colombo Stock Exchange.
The firm reported earnings per share of 17 cents for the quarter and 87 cents for the year.
The group has operations in retailing, rubber goods, plastics and plantations.
The bulk of its annual revenues of or 10.9 billion rupees came from retailing which showed operating profits of 827 million rupees up from 515 million.
Out of a total of 3.4 billion rupees in operating profit most or 2.0 billion rupees came from plantations, where rubber prices have been moving up.
Plastics brought operating profits of 460 million up from 320 million. Operating profits from tyres fell to 263 million from 299 a year earlier.
source - www.lbo.lk
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