|
|
|
| Sunday, 19 February 2006 |
 |
|
 |
Business |  |
| News Business Features Editorial
|
Dipped Products 3 Q turnover up 17% to Rs. 5.1 billion The Dipped Products Group (DPL) has reported a turnover of Rs. 5.1 billion for the nine months to December 31, 2005, a growth of Rs. 739 million or 17 per cent over the corresponding period last year, despite the post-tsunami strength of the Rupee. The Group's profit after tax and minority interest for the period was down 45 per cent to Rs. 184.8 million, due largely to an interest charge of Rs. 142.2 million which included exchange losses in the period under review, as against an interest income of Rs. 5.6 million earned in the corresponding period of the previous year. The costs incurred by way of investments in DPL's Thailand plant and other projects were the main cause, the Group said. Results released to the Colombo Stock Exchange show that the Group comprising hand protection products and plantations, has generated substantially increased sales in the period under review with income from the hand protection segment up 16.6 per cent to Rs. 3.9 billion, while its plantation company's turnover grew 18.3 per cent to Rs. 1.4 billion. DPL's hand protection business, comprising several non-medical rubber glove manufacturing plants that together make it one of the top five global players in the segment and its maiden investment in medical gloves in Thailand, have maintained gross profit margins in the face of the sharpest increase of rubber prices in the past two decades. Consequently, DPL has reported that consolidated gross profit was up 6 per cent to Rs. 1.2 billion at the end of the third quarter. |
|
| News | Business | Features
| Editorial | Security
| Produced by Lake House |
