Ariston’s profit surges 111 percent

ARISTON Holdings recorded an inflation adjusted profit after tax of $103 million for the six months to March 31, 2022, a 111 percent increase from $49 million achieved in the prior year.
In a statement accompanying the group’s financials, Ariston’s chairman Alexander Jongwe said the group’s revenue declined to $634,8 million from $734,8 million.

“Loss from operations was 22 percent of revenue compared to a profit from operations at 19 percent of revenue in the prior comparative period. The group realised an inflation adjusted profit before interest and tax of $94 million compared to $204 million in the prior comparative period,” h