Srilanka, Feb. 24 -- Melstacorp PLC reported some solid financial performance for the three months ended in December 2024 on the back of improved performance from some business segments that was possible from improving top-lines and margins which also helped from lower direct costs
The diversified conglomerate reported revenues of Rs.68.06 billion for the October - December quarter, up 7.3 percent from the same period in 2023, but expanded its gross margin to 34.2 percent, up by 220 basis points from a year ago due to direct costs coming in lower from a year ago period.
The top-line was predominantly supported by its beverage segment represented by its alcoholic beverage giant, Distilleries Company of Sri Lanka PLC which showed some solid...