May 31, 2011 (LBO) - Sri Lanka's Softlogic group, which is making an initial public offering on June 09, 2011, had net profits of 630 million rupees on sales of 6.7 billion rupees in the nine months to December 31, 2010.
Earnings per share for the nine-month period were 98 cents, according to the company's prospectus.
The group made a net profit of 154 million rupees on sales of 4.8 billion rupees in the financial year ending March 31, 2010 with earnings per share of 3.08 rupees.
The prospectus showed that Softlogic's net profit in the 2009 financial year was 69 million rupees on sales of 5.6 billion rupees. EPS for the year was 1.37 rupees.
Softlogic group plans to issue 139 million ordinary shares at 29 rupees each to raise 4,031 million rupees mainly to repay debt taken for investments and for increased working capital.
Softlogic Holdings made big investments in the healthcare, leisure and financial services sectors in recent months.
source - www.lbo.lk
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