Profitable year for Dipped Products
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.
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A.M. Pandithage |
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 |
