Expolanka delivers record-breaking Q1 performance
Led by vibrant growth in its logistics sector, Expolanka Holdings PLC delivered another record-breaking performance during the quarter ended 30 June 2021 (Q121).
Group revenue recorded 165% Year-on-Year (YoY) expansion to reach Rs. 95.7 billion resulting in Gross Profit of Rs 14.4 billion, up 130% YoY. Together with a strong focus on operational efficiency, Group Profit After Tax (PAT) went up by 259% YoY up to Rs 6.3 billion.
Expolanka’s logistics sector was able to deliver 167% YoY growth in revenue, up to Rs 94.9 billion. Additionally, gross profit expanded by 131% YoY up to Rs 14.3 billion while PAT achieved a record-breaking 240% growth up to 6.6 billion respectively.
Meanwhile, despite extended lockdowns and travel restrictions, the Group’s Leisure sector continued to deliver a stable performance, posting a turnover growth of Rs 152 million - a reflection of the continued restructuring and reorganisation efforts focused on the long term.
The Group’s investment sector recorded a healthy 34% YoY increase up to Rs 735 million, with the main contributor to growth arising from the Group’s export operation supported by a shift in portfolio towards niche product offerings. Similarly, the Group’s IT business also gained ground with moderate improvements in its contributions to the business.