(PRESS RELEASE) – Group turnover for the 1st half of the financial year was Rs. 11.5 billion, compared to Rs.10.9 billion for the same period of the previous year. The Hand Protection sector contributed a modest Rs 7.0 billion to the Group’s top line, while the Plantation sector recorded a turnover of Rs. 4.5 billion for the period.
The Hand Protection sector reported a PBT of Rs.398 million compared to Rs.344 million in the previous period.However, the Plantation sector recorded a loss of nearly Rs. 400 million due to lower crop, mainly arising from adverse weather conditions and the ban on weedicides, whichfurther impacted by lower prices during the period.
Established in 1976, Dipped Products is one of the leading non-medical rubber glove manufacturers in the world, and accounts for a 5 percent share of the global market. The company’s products now reach 68 countries.
The Board of Directors of Dipped Products PLC comprises Messrs. Mohan Pandithage (Chairman), Dr. K. I. M. Ranasoma (Managing Director), F. Mohideen, S. C. Ganegoda, Dhammika Perera, M. Bottino, S. Rajapakse, N. A. R. R. S Nanayakkara, S. P. Peiris, K.D.G.Gunaratne, H.S.R. Kariyawasan and S.M.Shaikh.