Srilanka, Feb. 14 -- Diversified agribusiness conglomerate CIC Holdings PLC recorded a 7.49 percent year-on-year increase in revenue to Rs. 64.66 billion for the nine months ending 31 December 2024, driven by strong contributions from its key business segments.

While earnings declined 43.87 percent to Rs. 6.84 billion during the period, the Group saw a significant 136.5 percent rebound in third-quarter earnings compared to the previous quarter. However, third-quarter earnings were still down 65 percent year-on-year to Rs. 2.53 billion.

Group's gross profit has increased by 5.81 percent to 16.73 billion with gross profit margin for the period in review stood at 25.87 percent, a decrease of 41 basis points against the same period last y...