Sri­lankan Air­lines cater­ing biz op­er­at­ing profit up 24% YOY

Daily Mirror (Sri Lanka) - - NEWS -

Sri­lankan Air­lines sub­sidiary, Sri­lankan Cater­ing Ltd saw its op­er­at­ing profit in­creas­ing 24 per­cent year-on-year (YOY) to Rs.4.7 bil­lion for the year ended March 31, 2019, the air­line said in me­dia com­mu­nique.

The op­er­at­ing profit ra­tio, which stood at 44 per­cent in the year 2017/18, im­proved to 48 per­cent dur­ing the year 2018/19.

The com­pany also re­ported a post-tax profit of Rs.5.7 bil­lion for the year, up 46 per­cent YOY. The me­dia com­mu­nique did not in­clude rev­enue or af­ter-tax profit fig­ures of the com­pany.

How­ever the air­line said the net ex­change gain in­creased from Rs.202 mil­lion in 2017/18 to Rs.1.07 bil­lion in 2018/19, most likely due to sharp de­pre­ci­a­tion of the ru­pee against the US dol­lar.

Sri­lankan Cater­ing holds mo­nop­oly rights to of­fer cater­ing ser­vices to all air­lines op­er­at­ing to Ban­daranaike In­ter­na­tional Air­port (BIA) and Mat­tala Ra­japaksa In­ter­na­tional Air­port (MRIA).

Sri­lankan Cater­ing chair­man G.S. Withanage, who is also the Chair­man of Sri­lankan Air­lines, said: “Sri­lankan Cater­ing con­tin­ues to be a tower of strength to our na­tion and the Sri­lankan Air­lines Group, with yet an­other stel­lar per­for­mance.the com­pany has proven it­self to be a per­fect ex­am­ple of con­sis­tency and has crossed the Rs.3 bil­lion profit mark ev­ery year in the last four years.”

Sri Lankan Cater­ing Lalith Withana said his team worked hard dur­ing the year un­der re­view to over­come mul­ti­ple chal­lenges and achieved many new ini­tia­tives, in­clud­ing up­grad­ing some of the fa­cil­i­ties and pro­cesses of the com­pany. The press com­mu­niqué said Sri­lankan Cater­ing pro­vides ap­prox­i­mately 24,000 in­flight meals per day for air­lines that op­er­ate to the Ban­daranaike In­ter­na­tional Air­port (BIA) and Mat­tala Ra­japaksa In­ter­na­tional Air­port (MRIA).

G.S. Withanage

Lalith Withana

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