Ceylon Cold Stores profit declines 10% in third quarter to Rs1.22bn

Ceylon Cold Stores posted net profit of Rs1.22 billion for the quarter ended September, down from Rs1.36 billion in the corresponding period last year, representing a 10 percent year-on-year decline.

The refrigeration and cold storage company's performance during the third quarter reflects ongoing pressures affecting the sector amid broader economic conditions impacting domestic consumption and business activity.

The company maintains operations across multiple segments including cold storage facilities and refrigeration services serving food production, export, and retail sectors in Sri Lanka. The September quarter result comes as businesses across the country navigate volatile market conditions and inflationary pressures affecting operational costs.

Ceylon Cold Stores' quarterly performance will be closely monitored by investors tracking the health of the logistics and cold chain infrastructure sector, which plays a critical role in food security and export competitiveness for the island nation.