Friday, June 3, 2011

Ceylon Tea Brokers profits up 52%

Ceylon Tea Brokers PLC releasing its financials for the year ended March 31 said although it was small in terms of market capitalisation the company showed great potential in significant areas of growth, profitability and shareholder wealth. Net profits after tax were recorded at Rs. 34.9 million against Rs. 22.9 million last year, up 52 percent.

Waruna de Silva, Executive Director said the company’s investments in human resources and the development of procedures and IT systems with emphasis on client service in a turbulent but growing market was beginning to bear fruit.

Suranga Perera, Executive Director said that the company plans on consolidating its growth and strengthening its infrastructure in keeping with its commitment to client services.

source - www.island.lk

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