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Keells Food Products has reported a sharp increase in March 2015 quarter and annual net profit as disposable incomes rose after the Sri Lankan government cut fuel and electricity prices and raised public sector pay.
The firm, a unit of the John Keells Holdings group, said March 2015 quarter net profit rose 34 percent to 79 million rupees from a year ago while sales rose 24 percent to 680 million rupees.
Annual earnings per share were 10.25 rupees with net profit up 467 percent to 261 million rupees and sales went up 15 percent to 2.6 billion rupees, a stock exchange filing said.
The firm, a unit of the John Keells Holdings group, said March 2015 quarter net profit rose 34 percent to 79 million rupees from a year ago while sales rose 24 percent to 680 million rupees.
Annual earnings per share were 10.25 rupees with net profit up 467 percent to 261 million rupees and sales went up 15 percent to 2.6 billion rupees, a stock exchange filing said.
