Keells Food Products plc Reports Consolidated and Company Earnings Results for the Quarter Ended June 30, 2014
July 23, 2014 at 09:34 am EDT
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Keells Food Products PLC reported consolidated and company earnings results for the quarter ended June 30, 2014. For the period, consolidated revenue of LKR 580,058 compared with LKR 526,392 for the same period last year. Results from operating activities were LKR 55,733 compared with LKR 13,620 for the same period last year. Profit before tax was LKR 52,508 compared with LKR 33,144 for the same period last year. Profit for the period attributable to equity holders of the parent was LKR 37,818 or LKR 1.48 basic per share compared with LKR 29,758 or LKR 1.17 basic per share for the same period last year. Net cash flow from operating activities was LKR 59,768 compared with LKR 67,661 for the same period last year. Purchase and construction of property, plant and equipment was LKR 19,115 compared with LKR 9,956 for the same period last year. Purchase of intangible assets was LKR 19,115 compared with LKR 992 for the same period last year.
For the quarter, the company reported revenue of LKR 580,058 compared with LKR 526,392 for the same period last year. Results from operating activities were LKR 55,840 compared with LKR 13,782 for the same period last year. Loss before tax was LKR 52,610 compared with LKR 33,301 for the same period last year. Profit for the period was LKR 37,920 compared with LKR 29,915 for the same period last year. Net cash flow from operating activities was LKR 59,798 compared with LKR 67,825 for the same period last year. Purchase and construction of property, plant and equipment was LKR 19,115 compared with LKR 9,956 for the same period last year.
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 
