Leading multi-discipline diversified conglomerate the Ambeon Group have shown remarkable and sustained growth throughout the 2017/2018 financial year, according to annual financial results released to the Colombo Stock Exchange recently.
Leading multi-discipline diversified conglomerate, the Ambeon Group has shown remarkable and sustained growth throughout the 2017/2018 financial year, according to annual financial results released to the Colombo Stock Exchange recently.
Overall, Ambeon Capital PLC posted impressive financial results during 2017/2018, starting with the Company’s PBT of Rs 286 million for 2017/18, which was almost thrice its 2016/2017 PBT of Rs 102 million. Even more noteworthy is the Company’s PAT was Rs 372 million compared to a loss of Rs 23 million only a year prior. The total comprehensive income for the Company for 2017/2018 was Rs 907 million, which was more than four times that of the year before, wherein earned income was Rs 224 million.
Leading multi-discipline diversified conglomerate the Ambeon Group have shown remarkable and sustained growth throughout the 2017/2018 financial year.
Overall, Ambeon Capital PLC posted impressive financial results during 2017/2018, starting with the Company’s PBT of Rs 286 million for 2017/18, which was almost thrice its 2016/2017 PBT of Rs102 million. Even more noteworthy is the Company’s PAT was Rs 372 million compared to a loss of Rs 23 million only a year prior. The total comprehensive income for the Company for 2017/2018 was Rs 907 million, which was more than four times that of the year before, wherein earned income was Rs 224 million.
Leading multi-discipline diversified conglomerate, the Ambeon Group yesterday reported remarkable and sustained growth throughout the 2017/2018 financial year.
Overall, Ambeon Capital PLC posted impressive financial results during 2017/2018, starting with the Company’s PBT of Rs. 286 million for 2017/18, which was almost thrice its 2016/2017 PBT of Rs. 102 million. Even more noteworthy is that the Company’s PAT was Rs. 372 million compared to a loss of Rs. 23 million only a year prior. The total comprehensive income for the Company for 2017/2018 was Rs. 907 million, which was more than four times that of the year before, wherein earned income was Rs. 224 million.
The plans of transformation, guidance from The Galle Face Group, Hirdaramani Group and Navitas Investments coupled with astute management skills and corporate direction led by veteran Murali Prakash continues to prove to be the right formula
Subsequent to the transformation and repositioning of the Ambeon Group, which included restructuring of its diversified businesses to bring about collective focus, optimize investments and increase shareholder value, Ambeon Holdings PLC announced today of an interim dividend to all its shareholders. The total dividend payout announced is LKR 446 million translating into LKR. 1.25 per share. The payment date for the said dividends has been declared as 2nd August 2018.
Colombo Thursday June 13, 2018: In a strategic move to reposition the entity to represent the Group’s business vision and take on the dynamic, technocentric business world of tomorrow, Taprobane Group announced the transformation of the Group including the name change to Ambeon.
28 December 2017, Colombo – In a strategic move to diversify into the IT solutions domain, Lanka Century Investments PLC. (LCI), a conglomerate reputed for its market dominance in manufacturing, real estates and strategic investments, announced today that it has completed the acquisition of the global IT enterprise solutions provider, Millennium Information Technologies Pvt. Ltd., (MillenniumIT ESP). Under the terms of the agreement, LCI will acquire a 100% stake of MillenniumIT ESP from London Stock Exchange Group (LSEG) with management and shareholding control.
Colombo Monday June 12th, 2017: Taprobane Holdings PLC., (TAP Group) a leading multidiscipline, diversified conglomerate in Sri Lanka, recorded an impressive growth in both top line and bottom line as per the annual financial results released to the Colombo Stock Exchange.