The Hemas Group recorded earnings of Rs. 3.0 billion, a 36.3 percent growth in consolidated earnings for the quarter with revenue increasing by 6.4 percent to Rs. 33.2 billion and operating profit increasing by 25.7 percent to Rs. 4.9 billion.
Revenue growth was evident across all sectors, as the Group's businesses leveraged efficiency improvements and enhanced competitiveness amid a cautiously rising consumer confidence.
During the quarter, the net finance expenses of the Group decreased significantly by 47.4 percent to Rs. 271.2 million due to lower interest rates and the reduction of net debt as a result of improved cashflows.
Hemas-Holdings-PLC-Performance-Review-Q3-FY-25