Abans PLC posted a profit of Rs 3.7 billion against a profit of Rs 1.8 billion last year. The gross profit margin remained at 26.6% with the operating margin improving from 8.23% to 8.53%. Total assets of the group stood at Rs 42.3 billion from last year’s 33 billion. Revenue rose from Rs37.8 billion to Rs 42.8 billion.
Founder Abans Aban Pestonjee noted ‘Abans’ long-term success is linked to our ability to manage all our principal risks, including critical sustainability issues. I am pleased to report that we were once again, recognized as one of the “Top-most visible Brands Online” in Sri Lanka, along with BuyAbans.com
which was also recognized as one of the Most Popular Online Shopping Sites in Sri Lanka for 2022 by the Asia Pacific Institute for Digital Marketing through their Digital Outlook for Sri Lanka 2022 report.” Managing Director Behman Pestonjee noted ‘Abans recently partnered with Japanese-inspired retail brand Miniso. Abans currently operates five exclusive Miniso showrooms, in major cities, at One Galle Face Mall, Colombo City Centre, Kandy City Centre, Union Place and Galle Road Colombo 3. Whereas an exclusive Miniso showroom will open for business in Boralesgamuwa shortly.’ (DP)