Keells Food Products plc Announces Consolidated and Company Earnings Results for the First Quarter Ended June 30, 2017
August 01, 2017 at 03:07 pm EDT
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Keells Food Products PLC announced consolidated and company earnings results for the first quarter ended June 30, 2017. For the quarter, on consolidated basis the company reported revenue was LKR 729,755,000 against LKR 728,902,000 a year ago. Results from operating activities were LKR 58,896,000 against LKR 84,563,000 a year ago. Profit before tax was LKR 61,812,000 against LKR 87,516,000 a year ago. Profit for the period attributable to equity holders of the parent was LKR 41,919,000 against LKR 60,470,000 a year ago. Basic earnings per share were LKR 1.64 against LKR 2.37 a year ago. Net cash flow from operating activities was LKR 132,894,000 against LKR 132,779,000 a year ago. Purchase and construction of property, plant and equipment was LKR 5,814,000 against LKR 37,199,000 a year ago.
For the period, the company reported revenue was LKR 729,755,000 against LKR 728,902,000 a year ago. Results from operating activities were LKR 59,126,000 against LKR 84,800,000 a year ago. Profit before tax was LKR 62,026,000 against LKR 87,733,000 a year ago. Profit for the period attributable to equity holders of the parent was LKR 42,133,000 against LKR 60,687,000 a year ago. Net cash flow from operating activities was LKR 132,918,000 against LKR 132,850,000 a year ago. Purchase and construction of property, plant and equipment was LKR 5,814,000 against LKR 37,199,000 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 
