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Keells Food Products PLC has posted a consolidated profit before tax of Rs. 331 million for the financial year 2014/15 compared to a loss of Rs. 12 million in the previous financial year.
On a recurring basis, the PBT of Rs. 331 million is an increase of 161 per cent over the corresponding figure for 2013/14, which excludes the impact of the one off charge of Rs. 139 million associated
with the Voluntary Retirement Scheme (VRS).
The profit attributable to equity holders of the parent was Rs. 261 million, representing a significant increase over the Rs. 0.47 million recorded in 2013/14, whilst the recurring profit attributable to equity holders of the parent was Rs. 261 million, representing an increase of 87 per cent over the previous financial year.
Revenue for the financial year 2014/15 was Rs. 2.62 billion, this being an increase of 15 per cent over the Rs. 2.28 billion recorded in the previous financial year.
The Directors have declared a final dividend of Rs.7 per share for the year ended March 31, 2015 on May 11, 2015 to be paid on May 29, 2015. The Board of Directors have confirmed that the Company satisfies the solvency test in accordance with section 57 of the Companies Act, No.7 of 2007, and has obtained a certificate from the Auditors, prior to approving a final dividend of Rs. 7 per share to be paid on May 29,2015.
The total dividend payout amounts to Rs.178.5 million.
Courtesy: Daily News 22 May 2015
On a recurring basis, the PBT of Rs. 331 million is an increase of 161 per cent over the corresponding figure for 2013/14, which excludes the impact of the one off charge of Rs. 139 million associated
with the Voluntary Retirement Scheme (VRS).
The profit attributable to equity holders of the parent was Rs. 261 million, representing a significant increase over the Rs. 0.47 million recorded in 2013/14, whilst the recurring profit attributable to equity holders of the parent was Rs. 261 million, representing an increase of 87 per cent over the previous financial year.
Revenue for the financial year 2014/15 was Rs. 2.62 billion, this being an increase of 15 per cent over the Rs. 2.28 billion recorded in the previous financial year.
The Directors have declared a final dividend of Rs.7 per share for the year ended March 31, 2015 on May 11, 2015 to be paid on May 29, 2015. The Board of Directors have confirmed that the Company satisfies the solvency test in accordance with section 57 of the Companies Act, No.7 of 2007, and has obtained a certificate from the Auditors, prior to approving a final dividend of Rs. 7 per share to be paid on May 29,2015.
The total dividend payout amounts to Rs.178.5 million.
Courtesy: Daily News 22 May 2015
