Malwatte Valley Plantations 3Q profit Rs 310 mn

Malwatte Valley Plantations PLC ended their 3Q 2012 with a profit of Rs 310 million.

This is 14% above the period last year and 223% over the profit earned over the entire one year period of 2011.

MVP PLC has the envious record in that they have made recurring profits over the past decade and that only from the two basic crops, tea and rubber.

The profit from tea alone was Rs 151 million and that from Rubber Rs 191 million.

The Managing Director of the company said this is a result of the close monitoring of costs, premium prices for its produce and implementation of innovative management practices despite increases in inputs and wage increases.