Richard Pieris Group achieved a profit-before-tax (PBT) of Rs. 5.4 billion during the first nine-month period ending 31 December 2024 (Q3 of FY25).

The group recorded a major profit growth of 137% over the corresponding period, demonstrating resilience in the continuity of its strong performance for the financial year of FY24/25.

The group’s plantations sector recorded a profit of Rs. 3.74 billion, a 52% increase over the corresponding period of the previous financial year.

The retail sector profits increased by 12% to Rs.1.73 billion while the plastic, furniture, and electronics sector profits jumped significantly to Rs. 1.03 billion, a 158% increase over the first nine months.

With over 50 factories spread across Sri Lanka, Richard Pieris Group plays a significant manufacturing role. Its retail arm, which operates a chain of hypermarkets, has multiple products in the manufacturing sector positioned as market leaders for many years.