Sri Lanka’s Keells Food Products Q1 profits up 86 pct: Interim Report

food

July 24, 2015 (LBO) – Sri Lanka’s Keells Food Products Plc, part of the John Keells conglomerate said profits rose 86 percent to 70 million rupees in the June 2015 as revenues also grew.

The firm reported earnings of 2.76 rupees per share up from 1.48 rupees in 2014. The stock closed at 141.30 rupees on Thursday.

The firm is a manufacturer and distributor of processed meat, breaded meat and convenience food products which incorporated in 1982.

The firm said revenues grew 18 percent to 682 million rupees in the June quarter and cost of sales grew 15 percent to 486 million rupees allowing gross profits to grow at a faster 26 percent to 195 million rupees.

Selling and distribution expenses rose 21 percent to 66.7 million rupees.