FE Today Logo

Lankan Singer unit profits up

May 08, 2011 00:00:00


COLOMBO, May 7 (LBO): Singer (Sri Lanka) said March 2011 quarter net profit rose 48.5 per cent from a year ago as the end of a war and an international cricket tournament boosted consumer electronics sales. The company, a unit of Retail Holdings of the Netherlands, made a net profit of 249.6 million rupees in the March quarter with sales up 38 per cent to five billion rupees. Pre-tax profits on consumer electronics sales more than doubled to 171 million rupees, results filed with the stock exchange showed.

Share if you like