Aitken...

In a statement, Aitken Spence said the Group’s Maritime and Freight Logistics sector led a strong performance, recording a Profit Before Tax (PBT) of Rs. 1.05 billion.

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While the Group’s freight companies were impacted by reduced volumes and margins, the sector’s integrated logistics operations witnessed strong momentum, supported by increased utilisation of the newly commissioned warehouse facility. The Group’s maritime companies also posted steady improvements, contributing to the sector’s overall resilience and growth.

The Group’s Tourism sector demonstrated continued progress, narrowing losses to Rs. 0.22 billion. This growth was supported by stronger performance in the Group’s destination management segment, driven by increased passenger volumes, improved performance in local hotels, and steady gains from increased occupancy across overseas hotel operations in the Maldives, India, and Oman, together with restructuring of the hotel segment debt.