*Pre-tax profit up 53 percent to Rs 301.5 m
*Turnover up 25 percent to Rs 3.8 b
*Declares final dividend 25 cents per share
PC House, Sri Lanka’s leading provider of ICT solutions, has ended the current financial year with a final dividend of 25 cents per share for 2010 and 2011 with a total dividend of Rs 57,233,334 being paid within seven months after the IPO. These significant results are indicative of the company’s strategic plans with its new vision headed by a forward thinking Chairman and his capable management team.
PCH Chairman S H M Rishan said: “Q4 marked a terrific end to a successful year. Our strong performance has been driven by a rapidly growing technological economy, continuous product innovation that benefits both consumers and corporates, and by the extraordinary momentum of our newer businesses, such as BPO and ICT solutions. These results give us the optimism and confidence to invest heavily in future growth investments that will benefit our consumers,” he said.
The Group’s pre-tax profit recorded a 53 percent increase to Rs 301.5 million over the previous year with a turnover of Rs 3.8 billion, which was up 25 percent.
The Group’s profit after tax grew by 44 percent to Rs 178.9 million in a year after the successful IPO which was followed by several internal initiatives and strategic corporate re-branding.
The basic earnings per share of the group for the 12 months grew by 19 percent to cents 86 from cents 72 for the previous year. Net assets per share improved by 85 percent to Rs 6.65 at company level and by 81 percent to Rs 6.78 at Group level.
PCH commenced operations in 1997 as a seller of hardware, mainly in sales of assembled computers and, today, occupies a unique position in Sri Lanka’s IT industry as the only organization in the country to be present in all of its segments, namely, hardware, software and IT services.
As the leading IT company, PCH commands a lion’s share of the local IT market and is the precursor of global IT trends in Sri Lanka and has voluntarily taken on the mantle of growing the industry through knowledge sharing, updating the local IT industry and other stakeholders of developments in the fast-changing world of IT. PCH has adapted with great agility to the fast-evolving world of technology by concentrating on building partnerships with international and world-renowned brands and employing the best in industry expertise in the form of qualified professionals identifying and serving market demands.
PCH’s other subsidiary Procifinity operates in the BPO and KPO industry and is a BOI-approved organization. The company offers Financial and Accounting, Scanning, Indexing and Digitizing, Software Development and Data Entry Services.
Foreseeing a profitable future, PCH plans to further expand its branch network in the financial year 2011 and 12.
PCH is the new corporate brand identity for PC House PLC which was recently listed in the Colombo Stock Exchange.
source - www.dailynews.lk
No comments:
Post a Comment