Colombo, March 6, 2017: Dipped Products PLC, Hayleys Group’s internationally renowned glove manufacturing subsidiary, emerged as winners of the Ian Dias Abeysinghe Memorial CSR/Sustainability award at the recently concluded Japan Sri Lanka Technical & Cultural Association (JASTECA) Awards 2016.
Dipped Products Sri Lanka’s rubber gloves manufacturer in a stock market filing disclosed that they have bought full control of ICOGUANTI, its Italian marketing company.
Lower prices for tea and rubber impact revenue
Dipped Products PLC (DPL) posted Rs. 22Bn in Group Turnover during the financial year 2015-16, a 21 percent reduction from a year ago. Group Profit Before Tax (PBT) for the period was Rs. 648 million, a 64 percent reduction from the Rs. 1,780 million recorded for the last year.
The Hand Protection segment contributed Rs. 12.7Bn to revenue, 15 percent lower than the previous year. Contribution to PBT from the segment was at Rs. 549 m .....