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EXCHANGE RATE PREDICTION: 2022

ACL Cables profits top Rs 973 m, a 90% growth Vote_lcap11%ACL Cables profits top Rs 973 m, a 90% growth Vote_rcap 11% [ 21 ]
ACL Cables profits top Rs 973 m, a 90% growth Vote_lcap20%ACL Cables profits top Rs 973 m, a 90% growth Vote_rcap 20% [ 37 ]
ACL Cables profits top Rs 973 m, a 90% growth Vote_lcap29%ACL Cables profits top Rs 973 m, a 90% growth Vote_rcap 29% [ 54 ]
ACL Cables profits top Rs 973 m, a 90% growth Vote_lcap40%ACL Cables profits top Rs 973 m, a 90% growth Vote_rcap 40% [ 75 ]

Total Votes : 187

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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » ACL Cables profits top Rs 973 m, a 90% growth

ACL Cables profits top Rs 973 m, a 90% growth

Go down  Message [Page 1 of 1]

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

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

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