SriLankan Catering posts Rs 5.7bn net profit for 2018/19

May 30, 2019 (LBO) – SriLankan Catering, the fully owned subsidiary of SriLankan Airlines has recorded a steady financial performance for the financial year ended 31 March 2019 with a 24 percent year-on-year growth in operating profits from 3.8 billion to 4.7 billion rupees, according to its unaudited financial statement.

SriLankan Catering said in a statement that its operating profit ratio, which stood at 44 percent in the year 2017/18, improved to 48 percent during the year 2018/19.

The Company also reported a post-tax, net profit of 5.7 billion rupees during the year, which is a 46 percent increase compared to the previous year. The net exchange gain increased from 202 million in 2017/18 to 1,070 million rupees in 2018/19.

SriLankan Catering provides approximately 24,000 inflight meals per day for airlines that operate to the Bandaranaike International Airport (BIA) and Mattala Rajapaksa International Airport (MRIA).

These include airlines such as Emirates Airline, Qatar Airways, Malaysian Airlines, Air China, Cathay Pacific Airways, China Eastern Airlines, China Southern Airlines, Korean Air, Turkish Airlines, KLM Royal Dutch Airlines and SriLankan Airlines.

It is equipped with a state of the art flight kitchen for the production of food and beverages and also operates restaurants and lounges at BIA and MRIA.