Dipped Products PLC (DPL) recorded 26 percent increase in the consolidated turnover to record Rs 14.9 billion up from Rs 11.8 billion in 2009 and 10. The Rs 3 billion increase recorded a growth of 26 percent. The profit before tax increased marginally from 738 million to Rs 748 million.
Higher contribution from plantations with internal measures to counter rising raw material costs helped DPL to post healthy revenue growth in 2010 and 11 and maintain profitability in a year of contracting margins in its Hands Protection sector. DPL's past year performance under tough conditions has clearly shown its resilient ability to rise above continually emerging market and environmental changes.
"The key challenge in relation to the high price of rubber is coupled with new, testing dimensions in price volatility," DPL Chairman A.M. Pandithage said.
Despite the rise in turnover, profit from glove manufacturing operations in both Sri Lanka and Thailand were affected by sharp increase in rubber prices," he said.
DPL's Hand Protection sector is aiming to consolidate its manufacturing operations through the coming year with particular focus on embedding lean manufacturing process into regular operations. SJ
source - www.dailynews.lk
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