Abans Electricals enjoys growth over past 5 years

Thursday, 27 October 2016 00:00 - - {{hitsCtrl.values.hits}}

Since going public in 1983, Abans Electricals PLC has experienced stable growth in both profit and market share, reflecting the company’s current status as a leader in the manufacturing and assembly industry in Sri Lanka.

Over the past five years, the company has experienced steady growth in both profit and revenue by diversifying to renewable energy – solar energy systems design, supply and installation.

In the financial year 2015/2016, Abans Electricals PLC earned Rs. 98 million as the Profit after Tax, with a significant increase from Rs. 88 million compared with the previous financial year. Revenue has also increased from Rs. 2,731 million in the fiscal year 2014/2015 to Rs. 3,506 million in the fiscal year 2015/2016 (figure 1.0).

In addition to the profit and revenue, there has been a trend towards increased Earnings per Share for Abans Electricals PLC.

The company’s Earnings per Share has steadily risen from Rs. 14.65 in 2011/2012 to Rs. 19.34 per share in 2015/2016 (figure 2.0).

These factors are an indicator of a long-term positive outlook for Abans Electricals PLC and illustrate the fact that the company continues to put forward a reliable, steady and stable performance in the manufacturing, service, and assembly sector.

Abans Electricals PLC, the manufacturing and service arm of the prestigious Abans Group of Companies, is currently engaged in the manufacture and assembly of several consumer durables, namely washing machines, refrigerators and air conditioners. The company also provides customers with after-sales services for the wide range of products that is presently being offered under the ABANS product portfolio.

Abans Electricals PLC currently possesses over 26 regional service centres nationwide, equipped with the latest technology and overseas trained service teams that offer customers quick and effective services using genuine spare parts.

The company has also established a LG Academy and provides regular training in air conditioning for engineers, technicians and other service related personnel.