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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Gestetner Ceylon PLC records 67% growth

Gestetner Ceylon PLC records 67% growth

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1Gestetner Ceylon PLC records 67% growth Empty Gestetner Ceylon PLC records 67% growth Mon Sep 14, 2015 9:11 am

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Gestetner of Ceylon PLC continued on the upward trajectory for the financial year 2014/2015. The company marked a significant growth in profit for the financial period ending March 2015, with profit after tax for the year growing by 67%.

Revenue for the year also improved notably at a 16% increase on the previous year. This can be attributed to a cohesive expansion of the company's dealer network, with a strong presence of 22 dealers across the island at present. The company, which imports office automation equipment in Sri Lanka, has also introduced several new products and services to its portfolio over the last year. Most recently it presented a total document solution, which currently services several top corporates in Sri Lanka.

Profit-wise, Gestetner marked a robust growth for the year at Rs. 52.33 million, in comparison to the previous financial year's Rs. 31.31 million. Basic earnings per share also rose from Rs. 13.74 to Rs. 22.97. Dividends per share rose by 80% to Rs. 9 per share.
Courtesy: The Island 13 September 2015

gainonly


Manager - Equity Analytics
Manager - Equity Analytics

Rs.9 dividend is on the board.x date 30th september .

Sub division can also be announced.

200 possible.

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