SIERRA CABLES Plc, one of the largest cable manufacturers in Sri Lanka with an international presence, recorded a staggering 6.9% annual revenue growth which is Rs 5,265,169 during the 2020/2021 financial year compared to previous financial year (2019/2020). SIERRA CABLES Plc points out this as the highest ever top line revenue recorded in the history of the company. The group yielded the highest ever profit after tax (PAT) of Rs 314 Mn during the period which is a 37.4% growth compared to last year. The financial performance underscores the group’s ability to maintain a healthy Gross profit margin (GP) of 15.6% and Net profit margin (NP) of 5.7%. SIERRA CABLES Plc are also recognized and positioned as a good corporate citizen and the most preferred work place among the employees and other stake holders, as well as being ranked very high as a socially responsible entity.

Source: The Nation June 28, 2021 02:37 UTC