Sri Lanka’s Amaya Leisure profits up 6-pct

L to R: Samantha Ranatunga, Chairman, HVA Foods PLC; Jan Müggenburg, Chief Executive Officer, Müggenburg Group; Graham Stork, Chief Executive Officer, HVA Foods PLC; Sarva Ameresekere, Group Chairman, George Steuart & Co. Ltd.

May 20, 2014 (LBO) - Profits at Amaya Leisure, controlled by Sri Lanka's Hayleys Plc, rose 6.2 percent to 135 million rupees in the March 2014 quarter from a year earlier, interim accounts showed.

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The group reported earnings of 2.81 rupees per share.

Amaya Leisure said revenues rose 11 percent to 352 million rupees, cost of sales rose at a slower 2 percent to 105 million rupees and gross profits rose 15 percent to 247 million rupees.

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The group reported total comprehensive income of 133 million rupees down from 183 million rupees a year earlier.
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In the previous year there was a 67 million rupee gain from land revaluation.