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Dankotuwa Porcelain Ltd (DPL) recorded a post tax profit of Rs. 3.5 million in the first quarter of the year. This achievement is a significant increase compared to the loss of Rs. 2.3 million made in the first quarter of last year.

During the financial year of 2002, DPL was successful in achieving a profit after tax of Rs. 37.4 million.

This figure includes Rs. 600 million from the export market and Rs. 166 million from the local market. This tremendous increase in profit was achieved through good marketing efforts and by marketing high value products to the export market.

This significant increase in the export market is a result of the increase in the price per unit and not necessarily an increase in the volumes.

The list of countries that porcelain is being exported includes the US, UK, Japan, India, Middle East, Australia, Spain and Italy. The company also experienced a sales growth from countries such as Spain, Italy and UK - Macy's due to the large order they received. As for the local market, a growth of 20% was achieved and this growth trend was seen last year as well.

In spite of the favourable turnover figures, an increase of over 33% in energy costs (compared to last year's prices) was experienced due to the fuel hikes.

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