Economy & businessUpdated
Strong 2Q lifts Hemas 1H revenue to Rs.66.6 bn as borrowings triple on Twiga acquisition
From Daily Mirror ·
Headline from Daily Mirror
1 outlet · 1 report · latest EN 1English 1 · all privateOwners: all private.
Photo: Daily MirrorAI summary · 1 min read
1 min readFrom 1 outlets- Daily Mirror reports first-half revenue of Rs.66.6 billion.
- Second-quarter revenue rose 17% year on year to Rs.37.8 billion.
- Shareholder earnings declined 3% to Rs.2.0 billion.
- Daily Mirror attributes the earnings decline to higher finance costs and tax.
Daily Mirror reports that Hemas Holdings PLC posted first-half revenue of Rs.66.6 billion, with its second-quarter performance providing a strong lift.
Daily Mirror reports that second-quarter revenue increased 17% year on year to Rs.37.8 billion. Earnings attributable to shareholders fell 3% to Rs.2.0 billion, despite a rebound in operating profit.
Daily Mirror attributes the lower shareholder earnings to higher finance costs and a heavier tax charge. Its headline links a tripling of borrowings to Hemas’s acquisition of Twiga.
Based on: Daily MirrorWritten by AI from Daily Mirrorthese outlets’ reports. Not reviewed by an editor. It can be wrong — the original reports are the authority. .
Helpful?
Your take
Be the first to reactDiscussion
Readers' views on this storyStory alerts
Get an email when an outlet reports something new on this story.
Earlier coverage
Reports on the same subject from the months before this story.
- Lanka Business Online · Sunshine Holdings records strong growth in 1HFY27 with revenue up 24.4-pct
- Daily Mirror · Sunshine September-quarter profit rises 82.4% to Rs.2.3bn
- Lanka Business Online · Strong Q2 lifts Hemas H1 revenue to Rs. 66.6 Bn, up 9.5%, with EBITDA returning to YoY growth
Discussion
Readers’ views on this story · published as writtenNo account needed ·