Carson Cumberbatch revenue soars to Rs. 170 bn

Carson Cumberbatch PLC stated that it recorded a revenue of just over Rs. 170.7 billion in the financial year (FY) 2022 ended on 31 March 2022, which is a 49% growth in comparison to the previous year. Meanwhile, profit from operations (PFO) was recorded at Rs. 26.8 billion and profit before tax (PBT) was Rs. 22.4 billion. The said profits also achieved a growth of 61% and 56%, respectively. Carson Cumberbatch PLC Chairman Tilak De Zoysa said: “The country’s exchange rate decisions evoked extreme inflationary pressures while the extreme proportions of dollar shortage gave rise to sudden import restrictions and the invariable short supply of fuel, gas, medicine, food items, and other necessities. The above factors led to immediate socioeconomic unrest and considerable negative attention on the nation as a whole. “At the present time, authorities have initiated a discussion with the International Monetary Fund (IMF) to seek emergency economic aid, which even if successful, would certainly take its course of time. Against the aforementioned precarious backdrop, Carson Cumberbatch PLC managed to achieve a top-line of Rs. 170.7 billion at the group level, with an underlying growth of 49% and a PBT of Rs. 22.4 billion for the financial year ended 31 March 2022.” Carson Cumberbatch PLC finds that it is positioned as a company whose outlook is regional, focused on a future which is “technology oriented, results-driven, and world class”. Carson Cumberbatch PLC is a holding company of a diversified group of businesses in plantations, oils and fats, beverages, investment holdings, real estate, and the leisure sector, which operates across the South East Asian region.