Sri Lanka, Aug. 19 -- Softlogic Holdings top line witnessed a 7% growth to Rs. 17.1 billion during the quarter ended JUNE 30, 2019 following the decline in consumer demand and business sentiments.

The top contributors to Group revenue were Retail (49%), Financial Services (22%) and Healthcare Services (20%). The non-core vertical which includes Automobile and Leisure & Property together contributed 4% to Group topline, said Chairman, Softlogic Holdings Ashok Pathirage.

Gross Profit improved 10% to Rs. 6.4 bn. A GP margin improvement was evident during the quarter from 36% in 1QFY19 to 37% in 1QFY20.

Operating profit for the quarter was Rs. 1.7 bn. Operational expenses increased 17% to Rs. 4.8 bn. Distribution and Administration expenses ...