Vision Investment Limited continues to grow and has exceeded profits from previous years.

This was highlighted in their Annual General Meeting yesterday where they considered the accounts for the financial year ending 31st March 2019.

Vision Investment Limited Chief Executive PL Munasinghe highlighted that the company made a tax profit of $22.8m for the 2017/2018 financial year.

He adds that this financial year will be a challenge for Vision Investment Limited.

“This year we believe it’s going to be a challenging year for various reasons. One is well it’s a well-known fact that economy is well you know softening a little bit. Even the RBF forecast devised the forecast growth downwards. And where we are concerned import duty went up on things like smart phones, electrical goods, motor vehicles less than 2,500cc so those. That area is really our core business areas, so I believe with the increase in the duty rates the prices are going to go up obviously and we still don’t know what kind of effect it’s going to have on the market.”

Meanwhile companies that fall under Vision Investment Limited include Courts, Sports World, Vision Motors and Mahogany Industries.