Q4 profit after tax (PAT) of Teejay Lanka PLC grew 80 per cent to Rs 760.8 million. As per the Island Online’s reports, the profit before tax improved 67 per cent to Rs 902.8 million while revenues for the quarter increased 40 per cent to Rs 9.770 billion. At the company level, Teejay Lanka’s revenues increased 56 per cent to Rs 6.297 billion, profit before tax grew by 52 per cent to Rs 599.4 million and net profit increased by 65 per cent to Rs 575 million.

At group levels, Teejay Lanka’s revenues for the year ending March 31, 2021 declined 4 per cent to Rs 31.853 billion. Its group profit before tax for the year declined by 6 per cent to Rs 2.650 billion while profit after tax for the year declined by 10 per cent to Rs 2.139 billion.

The group has reduced its administration costs by 5 per cent to Rs 1.356 billion while marketing and distribution costs have been curtailed by 24 per cent to Rs 148 million. The company is expanding its Indian plant with an investment of $26 million which will increase its daily production to 20 tonne.