Richard Pieris Group PBT up by 137% to Rs. 5.4 b in first nine months

Friday, 14 February 2025 00:06 - - {{hitsCtrl.values.hits}}

Chairman, Managing Director and CEO Dr. Sena Yaddehige

Richard Pieris Group, one of Sri Lanka’s largest and most diversified conglomerates, achieved a Profit Before Tax (PBT) of Rs. 5.4 billion during the first nine-month period ending 31 December 2024. The Group recorded a major profit growth of 137% over the corresponding period, demonstrating resilience in the continuity of its strong performance for the financial year of 2024/25.

The Group’s Plantations sector recorded a profit of Rs. 3.74 billion, a 52% increase over the corresponding period of the previous financial year. Retail sector profits increased by 12% to Rs.1.73 billion while the Plastic, Furniture, and Electronics sectors’ profits jumped significantly to Rs. 1.03 billion, a 158% increase over the first nine months of 2023/24.