Hemas Holdings boosts profits via efficiency strategies.

Hemas Holdings PLC recorded a total revenue of Rs. 54.4 billion, with operating profits reaching Rs. 5.0 billion and earnings amounting to Rs. 2.5 billion. The decline in revenue compared to the same period last year was attributed to cautious consumer spending and strategic price reductions, particularly within the Consumer Brands segment.

Despite the revenue dip, the Group’s focus on operational efficiency and favourable foreign exchange conditions contributed to improved profitability margins. Efforts to optimise working capital and benefit from a declining interest rate environment further reduced finance costs, positively impacting overall earnings.

These strategic measures enabled Hemas Holdings PLC to sustain strong financial performance despite market challenges, reinforcing its resilience and adaptability in an evolving economic landscape.

Source: Lanka Business Online