May 27, 2011 (LBO) - Sri Lanka's Keells Food Products made a net profit of 30 million rupees in the year to March 2011 compared with a loss of 146 million the previous year but sales in India fell.
The company, a unit of John Keells Holdings, said in a stock exchange filing annual sales rose 20 percent to 2.2 billion rupees from a year ago.
Sales in its Indian unit fell to 75 million rupees in the year to March 2011 from 139 million the previous year with profit falling to five million from 15 million rupees, according to a segmental analysis of the accounts.
Keells Food Products made additional investments of 36.9 million rupees in its subsidiary, John Keells Fods India during the year.
The company also said that during the year it impaired a further 121 million rupees on its investment in John Keells Foods India "taking into consideration the remaining recoverable amounts and cash and bank balances."
Its subsidiary Keells Foods Products Mauritius was fully impaired in November 2010.
In the March 2011 quarter Keells Food Products said net profit fell to 666,000 rupees from 60 million the year before with sales up 15 percent to 519 million rupees.
source - www.lbo.lk
No comments:
Post a Comment