Sri Lanka, Feb. 16 -- Cargills (Ceylon) PLC reported a strong bottom-line performance for the last quarter of 2024, driven by increased volumes across its key business segments - Retail (supermarkets), Consumer Food (FMCG), and Restaurants. For the three months ending December 2024, the company achieved a 9.1% increase in sales, totalling Rs 61,865 mn. EBITDA saw a significant rise of 19.8%, reaching Rs 5,685 mn, while Profit After Tax (PAT) grew by 47.8%, amounting to Rs 1,626 mn.

The management highlighted that this growth in volumes reflects a broader strengthening of consumption across the Sri Lankan economy.

A leading player in the Sri Lankan food and agriculture sector, Cargills is the top buyer of fresh produce and milk in the co...