S.Lanka Spence Q2 net up 16 pct on leisure, shipping
COLOMBO, Nov 4 (Reuters) - Sri Lankan conglomerate Aitken Spence SPEN.CM on Wednesday said its second-quarter net profit rose 16 percent from a year ago on its leisure and shipping sectors.
Net profit for the September quarter rose to 470 million rupees ($4.1 million) from 405.3 million rupees a year earlier.
The company in a statement said post-war recovery in its leisure sector and shipping sector have performed better than last year, resulting in an overall net profit. The conglomerate said its first-half profit dropped by 3.6 percent.
Shares in Aitken Spence, valued at around $209.8 million, are over 165 percent firmer so far this year, outpacing the 93 percent rise in the overall main Colombo stock index .CSE. (Reporting by Shihar Aneez; editing by Jon Loades-Carter)
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