The Browns Group said it had posted for the first time in its history a gross profit of Rs. 3.6 billion for the year ended March 31, 2011, a growth of 184 percent from the previous year.
Net profits grew 185 percent to Rs. 3.26 billion during this period. Revenue grew 36 percent to Rs. 12.18 billion.
The Browns Group equity attributable to equity holders of the company grew by 50 percent from Rs. 9.6 billion last year to Rs. 14.4 billion, as a result net assets per share grew to Rs. 203.65 as against Rs. 135.51.
The Browns Group markets tractors, marine engines, batteries, branded power tools, radiators, Vet pharmaceuticals, and Integrated Business Solutions.
In the sector of manufacturing the group recorded a revenue of Rs. 1.29 billion which is an increase of 76 percent from a year ago.
Browns Investments has a 30 percent shareholding in LOLC Leisure with the balance 70 percent held by LOLC. Browns Investments invested additional sum of Rs. 849 million during the year in LOLC Leisure.
Browns Investments through its subsidiary Taprobane Capital has controlling interest in Royal Fernwood Porcelain Ltd (RFPL), a company which manufactures and exports porcelain ware.
Browns Investments Limited. A subsidiary of Brown & Co. PLC has applied to the Colombo Stock Exchange (SCE) for an Initial Public Offer (IPO).
The Brown & Company Board consist of Ms Rohini Nanayakkara (Chairperson), Ajith Devesurendra (Deputy Chairman), Murali Prakash (Group Managing Director/CEO), I.C. Nanayakkara (Director), Shanker Somasunderam (Director), R.N. Asirwatham (Director) and Janaka de Silva (Director).
source - www.island.lk
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