During a turbulent financial year that was affected by the unprecedented COVID-19 pandemic, Aitken Spence Group’s non-tourism sectors delivered the highest ever profit before tax of Rs. 5.01 billion for the twelve months ending 31st March 2021 compared to Rs. 4.2 billion last year and partially offsetting the impact of the Group’s Tourism portfolio which recorded its worst year ever due to the devastating impact of the pandemic.
The Group’s non-tourism sectors overcame multiple challenges including business disruptions, health and safety risks faced by the Spensonians and the overall slowing down of economic activity to record a growth in profit before tax of 55% in the 4th quarter and 18.9% in the financial year, compared to the corresponding periods in the previous year.
During a turbulent financial year that was affected by the unprecedented COVID-19 pandemic, Aitken Spence Group’s non-tourism sectors delivered the highest ever profit before tax of Rs. 5.01 billion for the twelve months ending 31st March 2021 compared to Rs. 4.2 billion last year and partially offsetting the impact of the Group’s Tourism portfolio which recorded its worst year ever due to the devastating impact of the pandemic.
The Group’s non-tourism sectors overcame multiple challenges including business disruptions, health and safety risks faced by the Spensonians and the overall slowing down of economic activity to record a growth in profit before tax of 55% in the 4th quarter and 18.9% in the financial year, compared to the corresponding periods in the previous year.
Coronavirus | Sri Lanka to shut its borders amid raging third wave
Updated:
Updated:
May 19, 2021 19:47 IST
The move comes as a blow to the government’s efforts to revive the tourism industry from January this year.
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A Sri Lankan police officer checking the credentials of people to ensure that they adhere to travel restrictions imposed to curb the spread of coronavirus in Colombo, Sri Lanka, on May 17,
| Photo Credit: AP
The move comes as a blow to the government’s efforts to revive the tourism industry from January this year.
Sri Lanka’s borders will be closed for all arrivals for ten days beginning May 21, the Civil Aviation Authority said on Wednesday, while officials reported a record single-day high of 3,051 COVID 19 cases.
Govt eases restrictions on foreigners as Covid-19 rips through country island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.
Sri Lanka Tourism Development Authority stated that foreign tourists visiting Sri Lanka are allowed to travel under the ‘Biosafety Bubble’ system, adhearing to health guidelines.
Accordingly,tourists will be able to travel between Provinces under.