Sri Lanka’s Ceylon Tea Services reports slow down in tea bag exports

Aug 24, 2007 (LBO) – Tea bag exporter Ceylon Tea Services Ltd., part of the Dilmah brand group, said net profit fell 7.1 percent to 152 million rupees for the quarter ended June 30, 2007. Revenue fell 1.2 percent to 738 million rupees in the same period, according to interim results.

The company is one of the largest exporters of tea bags in Sri Lanka and promotes single origin Ceylon teas.

Its Dilmah brand is the most successful of the value-added Ceylon tea brands in overseas beverage markets.

The group is also a big supplier of bulk teas to blenders and packers overseas.