Sri Lanka, Aug. 16 -- The Melstacorp group's profit after tax for the financial year 2018-19 was 8.9 billion rupees compared to the previous year's figure of 6.2 billion rupees, up by 41 percent.

Group turnover reached 156 billion rupees and the group contributed 64 billion rupees as taxes during the same financial year. Melstacorp has a market capitalization of 51 billion rupees.

For the period under review, the beverage sector revenue reached Rs. 87 billion and the net profit after tax was Rs. 5.8 billion. The company has noted a substantial decrease in alcohol volume during the year. Tax contribution by the sector to the State was reduced. Periceyl, the second liquor company of the Group saw its profitability shrinks when compared with...