Ceylon Glass sales up by 15 per cent
Ceylon Glass Co-mpany sales went up by 15 percent to 973 million and
the pProfit after tax was up by 22 percent to Rs 88 million according to
the Ceylon Glass Company Limited (CGC), un-audited results for the
quarter ended 30th Sep 2007.
Sales during the half-year period were Rs 973 million, a growth of 15
percent compared to Sales of Rs. 846 million in same period the previous
year. During this period Operating Profit grew by 24 per cent to Rs. 148
million as against 119 million. Profit before tax too increased to Rs.
126 million, which represents a growth of 20% over first half of
The company’s performance in the second quarter ended 30 September in
its own showed a growth of 20% in sales. The profit after tax in the
second quarter grew by 29% as against the corresponding quarter in the
CGC has seen a continuous growth in its Export Sales over the past
few years. In the first half of the current financial year CGC’s export
sales are over 10% of the total sales, as against 5% in the whole of
previous financial year 2006/07.
Color wine and liquor bottle sales to India have been a main
contributor to this achievement. It is encouraging to note that the
Export growth in the first half of the current financial year is more
than 290% as compared to 108% during the corresponding period of the
The company’s up coming project under 300-factory programme at Horana
would be completed in the third quarter of the current financial year
2007/08. The Company’s current manufacturing capacity would be more than