would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc.. 
Home
Oct 29, 2011 (LBO) - Hefty capital gains on the sale of shares boosted September 2011 quarter group net profit of Sri Lankan gloves manufacturer Dipped Products to 1.2 billion rupees, a stock exchange filing said.
The profit included non-recurring capital gains of 1,141 million rupees on the sale of 3.5 million shares in its parent Hayleys.
Excluding the capital gains, Dipped Products net profit for the September 2011 quarter was 48 million rupees compared with 95 million rupees in the same quarter a year ago.
Dipped Products said sales rose 30 percent to 4.9 billion rupees in the September 2011 quarter from the year before.
Diluted earnings per share for the six months ending September 2011 were 26.39 rupees compared with 2.55 rupees the year before
Managing director Mahesha Ranasoma said an emphasis in the second quarter of the year on broadening the supply base, consolidating direct collection of latex, balancing purchases of local and imported latex and new products had helped performance.
“We were also able to grow local manufacturing volume by 10 percent by focusing on new opportunities with key customers and markets,” he said.
Dipped Products, the Hayleys group’s multi-national rubber glove manufacturing business, said its performance was helped by "softening latex prices and strategic initiatives by management."
Local rubber gloves manufacturing volumes rose by 10 percent and free on board turnover rose by 41 percent to 4.1 billion rupees, a statement said.
This enabled the group's hand protection sector to contribute 7 billion rupees to the group’s six month turnover of 9.6 billion rupees, up 27 percent.
Turnover from Dipped Products Thailand, the group’s medical glove manufacturing operation was 1.1 billion rupees while sales of ICOGUANTI S.p.A., its Italian marketing company grew 16 percent to 2 billion.
The plantation sector’s contribution was 3 billion rupees, including the turnover of Mabroc Teas which was consolidated from this year.
http://www.lbo.lk/fullstory.php?nid=819337314
The profit included non-recurring capital gains of 1,141 million rupees on the sale of 3.5 million shares in its parent Hayleys.
Excluding the capital gains, Dipped Products net profit for the September 2011 quarter was 48 million rupees compared with 95 million rupees in the same quarter a year ago.
Dipped Products said sales rose 30 percent to 4.9 billion rupees in the September 2011 quarter from the year before.
Diluted earnings per share for the six months ending September 2011 were 26.39 rupees compared with 2.55 rupees the year before
Managing director Mahesha Ranasoma said an emphasis in the second quarter of the year on broadening the supply base, consolidating direct collection of latex, balancing purchases of local and imported latex and new products had helped performance.
“We were also able to grow local manufacturing volume by 10 percent by focusing on new opportunities with key customers and markets,” he said.
Dipped Products, the Hayleys group’s multi-national rubber glove manufacturing business, said its performance was helped by "softening latex prices and strategic initiatives by management."
Local rubber gloves manufacturing volumes rose by 10 percent and free on board turnover rose by 41 percent to 4.1 billion rupees, a statement said.
This enabled the group's hand protection sector to contribute 7 billion rupees to the group’s six month turnover of 9.6 billion rupees, up 27 percent.
Turnover from Dipped Products Thailand, the group’s medical glove manufacturing operation was 1.1 billion rupees while sales of ICOGUANTI S.p.A., its Italian marketing company grew 16 percent to 2 billion.
The plantation sector’s contribution was 3 billion rupees, including the turnover of Mabroc Teas which was consolidated from this year.
http://www.lbo.lk/fullstory.php?nid=819337314
