Aitken Spence records strong performance with EBITDA of Rs.7.8bn for 3Q24
Sri Lanka, Feb. 15 -- The leading blue-chip conglomerate Aitken Spence PLC reported an EBITDA (earnings before interest cost, tax, depreciation and amortisation) of Rs.7.8 billion for the third quarter of 2023/24.
This is a growth of 11.8 percent over that of the third quarter of the previous year. The group's EBIT (earnings before total interest) for the quarter stood at Rs.5.3 billion, which was a year-on-year (YoY) growth of 20.7 percent.
The group achieved a profit before tax (PBT) in the third quarter of 2023/24, nearly doubling that of the same period of the previous year, reaching Rs.3.4 billion, while the cumulative first nine-month PBT stood at Rs.1.7 billion, the conglomerate said in a statement.
The rise in quarterly profits...
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