ACL Cables has recorded an impressive full year group turnover of Rs.14.5 billion, for the 2014/2015 of financial year a promising year on year (YoY) growth of 27.2%.
At the same time group profit after tax (PAT) for the same period was also posted at Rs. 973.4 million, a 90.4% rise over the previous 12 months.
The ACL cables Group has delivered remarkable growth over the 2014/2015 financial year. Not only has this performance resulted in maintaining our stong, market leader position in the local cable industry but even more importantly, it has allowed us to add to the significant confidence felt by our customers and shareholders, Managing Director Suren Madanayake said.
Meanwhile ACL cables Group's business segment growth was lead by its core, cable manufacturing concerns, which showed Rs. 13.4 billion in recenue for the 2014/2015 financial years, up significantly from Rs.11.1 billion in 2013/2014. While PVC manufacturing also raised marginally, to Rs.87.4 million, from Rs 70.5 million. Additionally, its other business segment also grew, to Rs.971.8 million, from Rs. 192 million previously.
ACL Cables has recorded an impressive
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