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Sierra Cables delivers strong six-month performance for period ended 30th September 2025
The Island
|December 02, 2025
Sierra Cables PLC, a subsidiary of Browns Investments (the strategic investment arm of the LOLC Group), announced a robust financial performance for the first half of the 2025/26 financial year, reflecting a period of strengthened business fundamentals, operational discipline and continued expansion across international markets.
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Harsha Jayatunga, Executive Director/CEO of Sierra Cables PLC
For the six months ended 30th September 2025, the Group recorded a revenue of LKR 7.51 billion, a significant increase from LKR 4.17 billion in the corresponding period in the previous year. Gross profit rose to LKR 2.06 billion, supported by improved efficiencies and more stable raw material procurement. Profit before interest and tax reached LKR 1.66 billion, while net profit rose to LKR 1.37 billion, almost doubling year-on-year, resulting in basic earnings per share of Rs. 2.55 compared to Rs. 1.11 in the previous year.
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