Keells Food Products PLC Reports Audited Consolidated and Company Earnings Results for the Year Ended March 31, 2012
May 24, 2012
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Keells Food Products PLC reported audited consolidated and company earnings results for the year ended March 31, 2012. For the year, on consolidated basis, the company reported profit before tax was LKR 95,551,851 compared to LKR 95,551,851 a year ago. Net profit attributable to equity holders of the parent of LKR 129,638,664 or LKR 15.25 earnings per share compared to LKR 30,636,071 or LKR 3.57 earnings per share for the prior year. Net cash flow from operating activities was LKR 160,776,782 against net cash used in operating activities of LKR 92,836,428 of previous year. Purchase and construction of property, plant and equipment was LKR 28,004,778 against LKR 14,503,053 of prior year. Revenue was LKR 2,328,751,844 against LKR 2,196,156,376 a year ago. Return on equity was 33.44% against 9.91% a year ago.
For the year, on company basis, profit before tax was LKR 180,363,661 compared to LKR 10,489,157 a year ago. Net profit of LKR 129,358,608 compared to net loss of LKR 54,699,623 for the prior year. Net cash flow from operating activities was LKR 161,978,064 against net cash used in operating activities of LKR 31,004,759 of previous year. Purchase and construction of property, plant and equipment was LKR 28,004,778 against LKR 14,503,053 of prior year. Revenue was LKR 2,328,751,844 against LKR 2,162,880,267 a year ago.
Keells Food Products PLC is engaged in the business of processed meat manufacturing in Sri Lanka. The Company's product portfolio includes approximately 200 products that reach customers through 32,000 retail outlets. The Company also has a manufacturing facility at the Makandura Industrial Estate in Pannala. It manufactures and sells processed meats, raw meats, crumbed products, and other convenient food products. Its products include sausages, meat balls, cold meats, bacon and ham Chinese rolls, formed meat, raw meats, French fries/ potato chips, and canned range. It offers a range of hams, such as chicken ham whole, honey glazed chicken ham, chicken ham (slices), specially cooked ham whole, specially cooked ham slices, smoked leg of ham, honey roast ham, Christmas leg of ham, cottage ham, and millennium ham roasted. Its products are distributed to consumers through a multichannel network comprising general trade outlets, modern trade outlets, as well as hotels and restaurants.
KEELLS FOOD PRODUCTS PLC 
