Access Engineering PLC Announces Audited Group and Company Earnings Results for the Full Year Ended March 31, 2016
August 09, 2016
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Access Engineering PLC announced audited group and company earnings results for the full year ended March 31, 2016. For the period, the group reported revenues of LKR 17,625 million compared with LKR 16,514 million for the same period a year ago. EBITDA was LKR 3,748 million compared with LKR 3,322 million for the same period a year ago. Earnings before tax was LKR 2,995 million compared with LKR 2,763 million for the same period a year ago. Profit attributable to the owners was LKR 2,465 million or LKR 2.47 per share compared with LKR 2,346 million or LKR 2.35 per share for the same period a year ago. Return on equity was 14.1% compared with 14.4% for the same period a year ago. Net cash flow from operating activities was LKR 3,167,986,656 compared with LKR 3,243,333,064 for the same period a year ago. Purchase of property, plant and equipment was LKR 1,430,730,557 compared with LKR 938,385,924 for the same period a year ago. Purchase of intangible assets was LKR 90,387,201 compared with LKR 19,308,865 for the same period a year ago.
For the period, the company reported revenues of LKR 11,604 million compared with LKR 11,245 million for the same period a year ago. EBITDA was LKR 2,934 million compared with LKR 2,439 million for the same period a year ago. Earnings before tax was LKR 2,995 million compared with LKR 1,944 million for the same period a year ago. Profit attributable to the owners was LKR 2,465 million or LKR 2.09 per share compared with LKR 1,753 million or LKR 1.75 per share for the same period a year ago. Return on equity was 13.1% compared with 11.7% for the same period a year ago. Net cash flow from operating activities was LKR 2,858,109,676 compared with LKR 2,662,509,614 for the same period a year ago. Purchase of property, plant and equipment was LKR 613,131,458 compared with LKR 713,882,417 for the same period a year ago. Purchase of intangible assets was LKR 863,166,986.
Access Engineering PLC is a civil engineering and construction company. It operates through four segments: Construction, Construction-related materials, Property and Automobile. The Construction segment is engaged in the process of constructing buildings and other infrastructure. The Construction-related materials segment is engaged in production and supply of construction-related material, such as asphalt product, quarry products, crusher products, ready-mix concrete, and other construction material. The Property segment is engaged in development of residential and commercial property for leasing, renting or sale in whole or in part. The Automobile segment is engaged in importing and distribution or sale of three branded motor vehicles, spare parts and operating of workshops. Its projects include roads and highways, bridges and flyovers, water and wastewater, buildings, piling, telecommunications, harbors and marine work, irrigation, and land drainage, and dredging and reclamation.
ACCESS ENGINEERING PLC 
