Annual Report 2011 - 2012 - Colombo Stock Exchange
Annual Report 2011 - 2012 - Colombo Stock Exchange
Annual Report 2011 - 2012 - Colombo Stock Exchange
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08 FINANCIAL HIGHLIGHTS<br />
Financial Highlights<br />
With a view to enhance the profitability generated from renting out the building of the Company, The <strong>Colombo</strong> Pharmacy Company PLC<br />
embarked on a renovation plan which is expected to quadruple the rental income compared to previous levels.<br />
The refurbishment looked in to option of making the provisions for the Company's long term strategies as well and carried out the renovations<br />
with that in mind and hence the total cost of the investment approximates at Rs. 128 Mn, the payback of which is 3 years.<br />
The Company is intending to sign agreements with top international clients as tenants to the building which will ultimately enhance the<br />
commercial value of the property.<br />
While only 16,300 square feet was rented out previously, due to the new refurbishment program 23,430 square feet is available for this purpose.<br />
Both the increase in floor area and the modernization of the buildings, would yield significantly higher returns for the Company in future.<br />
Square feet<br />
4000<br />
3000<br />
2000<br />
1000<br />
0<br />
Increase in Rentable Area<br />
Area<br />
Prior to Renovations<br />
After the Renovations<br />
The <strong>Colombo</strong> Pharmacy Company PLC<br />
<strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> - <strong>2012</strong><br />
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