Renuka Holdings PLC has recorded an impressive turnover and profit after tax for the six months ended September 30, 2010 as per the interim financial statement released. The company’s profit after tax grew to Rs 387.1 million compared to Rs 113.3 million in the corresponding period of last year. Group profit after tax rose 168 percent to Rs. 616.5 million of which Rs 473.6 million was attributable to shareholders of Renuka Holdings PLC.

The consolidated turnover for the period under review grew to Rs 1.1 billion, while total assets of the Group increased to Rs 3.5 billion as at September 30, 2010.

Executive Director Shamindra Rajiyah said RHL continued taking advantage of market opportunities investing in listed shares, taking unquoted equity positions and in debt instruments.

Its total investment portfolio was Rs 1.2 billion of which 81 percent was classified as short-term investments and 19 percent as long-term investments.

"Our investment portfolio, in addition, consists of biological assets and in this regard the group continued planting Teak and Mahogany" Rajiyah said.