IBL Group Reports 20% Increase in Revenue

IBL Group has reported a revenue of Rs 54.1 billion for the year ending June 30, 2023.

The figure represents a 20% increase compared to the Rs 45 billion recorded in the previous fiscal year.

Operating profits also saw a rise of 24%, reaching Rs 4.2 billion. Profit before tax (PBT) stood at Rs 5.5 billion.

The group’s management anticipates even better results in the coming year, driven by the consolidation of Naivas and investments made in the energy and healthcare sectors.