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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Access Engineering in Rs 11.2 B revenue in 2014/15

Access Engineering in Rs 11.2 B revenue in 2014/15

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Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Access Engineering PLC released its unaudited results for the financial year 2014/15 to the Colombo Stock Exchange on 22 May 2015. Accordingly turnover at the Company level for the year ended 31st March 2015 was recorded at Rs 11.2 billion with a After Tax Profit attributable to shareholders of 1.8 billion. Top line for the 4th quarter of 2014/15 FY was recorded at Rs 2.5 billion with a corresponding profit of Rs 316 million. During the quarter under review the Company further expanded its operations overseas with the opening of its East Africa Branch Office.


At the group level turnover for the year was recorded at Rs 16.4 billion with a after tax profit of Rs 2.5 billion. During the year under review Company's 100% owned subsidiaries Access Realties (Pvt) Ltd & Access Projects (Pvt.) Ltd. have contributed approximately Rs 312 million & Rs 156 million respectively to the bottom line. Company's 84% owned subsidiary Sathosa Motors PLC has contributed Rs 278 million to the bottom line while the contribution from its 30% Associate undertaking,.....ZMPC Lanka (Pvt.) Ltd. amounted to approximately Rs 12 million.



The total asset base of the group stood at Rs 22.67 billion with approximately Rs 2.9 billion held in short-term deposits & cash. Equity attributable to owners of the Company of Rs 16.3 billion at the group level translates into a net asset per share of Rs 16.3, a growth of approximately 10% since 31st March 2014. During the year the company also invested approximately Rs 714 million in building its capacity.



Courtesy: Ceylon Financial Times 28 May 2015

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