Lankan Singer unit profits up
Sunday, 8 May 2011
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.