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ACL Cables has recorded an impressive full-year group turnover of Rs.14.5 billion, for the 2014/2015 financial year, a promising year-on-year (YoY) growth of 27.2 per cent.
At the same time, group Profit After Tax (PAT) for the same period was also posted at Rs. 973.4 million, a 90.4 per cent rise over the previous 12 months (unaudited).
“The ACL Cables Group has delivered remarkable growth over the 2014/2015 financial year. Not only has this performance resulted in maintaining our strong, market leader position in the local cable industry but, even more importantly, it has allowed us to add to the significant confidence felt by our customers and shareholders,”Managing Director Suren Madanayake said.
Meanwhile, ACL Cables Group’s business segment growth was lead by its core, cable-manufacturing concerns,which showed Rs. 13.4 billion in revenue for the 2014/2015 financial year, up significantly from Rs. 11.1 billion in 2013/2014.While PVC manufacturing also raised marginally, to Rs. 87.4million, from Rs. 70.5 million.Additionally, its other business segment also grew, to Rs. 971.8million, from Rs. 192 million previously.
Courtesy: daily News 10 June 2015