Q3profit up by 16% to Rs 1.9b
Aitken Spence PLC Deputy Chairman/
Managing Director J M S Brito.
Aitken Spence released its third quarter financial results to
the Colombo Stock Exchange on Tuesday. The blue chip reported a
Rs 1.9b as profit before taxation and Rs 1.1b profit
attributable to the shareholders for the nine months ending 31st
December 2007, a growth of 15.8 per cent compared to last year.
Group Turnover has increased significantly by 35.1 per cent
to Rs 18.7 b, up from Rs 13.8b last year. Earnings per Share
increased 20.7 per cent from Rs 33.65 to Rs 40.63.
The Group made renewed efforts in the corporate
responsibility front during the period under review, with the
Company opening the Aitken Spence School of Hospitality in
Ahungalla as a joint effort of Aitken Spence PLC. The School
will be giving training to close to 100 rural youth in
surrounding region each year.
The Company resuscitated what used to be a closed down
garments factory with opening of the Aitken Spence Apparels
factory at the Koggala Export Processing Zone, under the "NIPAYUM
SRI LANKA" 300 Enterprises Programme, initiated under the
Mahinda Chinthana concept.
During the period under review, Heritance Kandalama was yet
again recognized for its environmental commitment by the popular
US-based Travel & Leisure magazine and Conservation
International as one of the top 15 green hotels in the world.
The company is pleased to note that the recognition has raised
Sri Lanka’s profile as an eco-tourism destination,
In a period which saw Aitken Spence Hotels winning many
international and local accolades, The Sunday Times of UK named
Sri Lanka’s first theme hotel, The Tea Factory among the
"World’s Best 100 Places to Stay" in its September Travel issue
while the London-based The Independent named it as one of the
top five factory hotels in the world.
The Group’s leadership in tourism in the country was
officially recognized at the inaugural Presidential Awards for
Travel & Tourism winning five prestigious awards. The awards
were won by Heritance Kandalama (Best five-star Resort), Aitken
Spence Travels (Best Destination Management Company), Aitken
Spence Conventions & Exhibitions (Best Professional Conference
Organisation), Dimuthu Kumar-asinghel (Best Chef) and Ravindra
Palagolla (Best Chauffer Guide).
The Group’s resorts in the Maldives have continued to
contribute strongly to the company’s performance.