Sri Lanka’s Amaya Leisure profits up 6-pct

Directory launched in the presence of Jagath Perera, CA Sri Lanka President, Manil Jayesinghe, CA Sri Lanka Vice President, Harsha Basnayake, Ernst & Young Asia Pacific Transaction Advisory Managing Partner, Aruni Rajakarier, Chairperson of the CA Sri Lanka Women Empowerment Committee, Anoji De Silva, Alternate Chair of the Women Empowerment Committee and Dulani Fernando, CA Sri Lanka CEO

May 20, 2014 (LBO) – Profits at Amaya Leisure, controlled by Sri Lanka’s Hayleys Plc, rose 6.2 percent to 135 million rupees in the March 2014 quarter from a year earlier, interim accounts showed. The group reported earnings of 2.81 rupees per share.

Amaya Leisure said revenues rose 11 percent to 352 million rupees, cost of sales rose at a slower 2 percent to 105 million rupees and gross profits rose 15 percent to 247 million rupees. The group reported total comprehensive income of 133 million rupees down from 183 million rupees a year earlier. In the previous year there was a 67 million rupee gain from land revaluation.