Turnover increased by 20% to Rs. 2.6 billion in 2010 compared to Rs. 2.1 billion in the corresponding 9 month period in 2009. Sales were mainly driven by increased export turnover. This growth, combined with the Group’s increase in market share in many of its segments, have helped triple Group Profit After Tax to Rs. 160.9 million for the nine months ending December 31st from Rs. 51.9 million for the same period a year ago.
"We see new growth opportunities, not just in our core business area and but also in adjacent segments. The new investments we are making in machinery over the next few months will bring cutting edge technology to the country and will ensure that we will continue to give our export and local customers a competitive advantage in their packaging. It will also continue to position Printcare as one of the leading providers of printing and packaging in the South Asian region." stated K.R. Ravindran, the Managing Director.
source - www.island.lk
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