Bogala Graphite records third highest profitability
Ramani KANGARAARACHCHI
Bogala Graphite Lanka Plc has recorded the third highest
profitability and the second highest turnover this year compared with
the recent past according to Chief Executive Officer Amila Jayasinghe.
The lubricant plant installed during the year is beginning to pay
reasonable returns and sales of lubricant to the South Asian market has
increased. This appears to be an area of growth into the future Chairman
Vijaya Malalasekera said.
Pricing of company's products is going to be a key determinant to
profitability in both areas in sales of graphite and the sale of
lubricants. The company is in the process of negotiating prices with key
buyers.
It will continue to look at areas of cost reduction while improving
on safety and quality. Despite all challenges, the board has decided to
pay of a first and final dividend of .25 cent per share for the first
time since privatization.
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