Softlogic Holdings achieved a consolidated revenue growth of 4.2% to reach Rs.75.6 Bn during the nine-month period while the quarter recorded a revenue growth of 9.3% to Rs. 27.6 Bn.
During the cumulative period, the Retail sector contributed 34% to Group revenue while Healthcare Services made up 28%.
27% of Group topline was generated from Financial Services while 7% was from the IT sector.
Leisure & Property and Automobile together took up 3.1% of Consolidated revenue.
Gross Profit declined 4.6% to Rs. 25.5 Bn during the cumulative period as a result of GP margin contraction from 36.9% to 33.8%,” said Softlogic Holdings Chairman, Ashok Pathirage.
The Group achieved an EBITDA growth of 82% to Rs. 4.0 Bn during the quarter while cumulative EBITDA was Rs. 7.0 Bn.
Softlogic Group benefited from the reducing interest rates as it witnessed finance cost reducing 25.8% to Rs. 16.2 Bn for the nine-month period while a solid 44.4% reduction in finance cost to Rs. 5 Bn was incurred during the quarter.
PAT improved 76.7% to trim the losses to Rs. 1.7 Bn during the quarter while taking cumulative losses to Rs. 10.5 Bn (post-adjustments) compared with Rs. 13.9 Bn loss in the comparative period.
Retail sector recorded a 3% increase in quarterly revenue to Rs. 9.7 Bn while the cumulative sector revenue was Rs. 25.7 Bn.
A 17% revenue growth was recorded in the healthcare sector to Rs. 21.3 Bn during the cumulative period while a 10% quarterly revenue growth to Rs. 7.3 Bn was achieved.
The hotel sector’s strong performance during the quarter paved way for a 29% growth in leisure sector topline leading it to achieve an EBITDA of Rs. 154 Mn (Rs. 2 Mn in 3QFY23) which reduced quarterly losses.
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