Sri Lanka CIC agro firm annual net up 58-pct

Sales rose 27 percent to 21 billion rupees, the company said in a stock exchange filing.

Operating profit from its agriculture and livestock business rose to 1.2 billion rupees during the year from 671 million rupees the year before.

Other income fell 53 percent to 227 million rupees during the year as the group did not get any funds from a government fertiliser subsidy, the accounts showed.

Last year, the group’s CIC Agri Business got 250 million rupees.

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