ACL Cables, Sri Lanka’s No. 1 cable manufacturer, managed a record-breaking performance to end the second quarter of 2021 with a robust financial performance.
The company currently holds 70% of the total market share achieved a 189% year-on-year profit increase in the second quarter, which ended in September 2021. During this time, the company recorded a profit of LKR 9 billion as a group, a 50% growth compared to the previous year.
Group profits for the quarter grew by 89%, from LKR 500 million in 2020 to LKR 992 million in 2021. The company’s Profit After Tax rose from LKR 910 million to an incredible LKR 1.39 billion in 2021.
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