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
Despite high raw material prices, Grain Elevators Plc, yesterday said that it has reported a net profit of Rs.94.3Mn for the 1st quarter 2011, as compared to the net profit of Rs.57.5Mn reported during the same period in 2010.
Group net turnover for the 1st quarter 2011 was Rs.2,292.3Mn as compared to Rs.1,813.9Mn during the 1st quarter of 2010, an increase of Rs.478.4Mn or 26%.
“As the local maize production was badly affected by the unfavorable weather conditions early this year and the government restriction on importation of maize still continuing, the sourcing of the main raw material has become a major challenge for the poultry industry.”
“In spite of high raw material prices, the company was able to make a profit during the period under review mainly due to its cost effective feed formulation & efficient operations” the company said in interim accounts.
Group net turnover for the 1st quarter 2011 was Rs.2,292.3Mn as compared to Rs.1,813.9Mn during the 1st quarter of 2010, an increase of Rs.478.4Mn or 26%.
“As the local maize production was badly affected by the unfavorable weather conditions early this year and the government restriction on importation of maize still continuing, the sourcing of the main raw material has become a major challenge for the poultry industry.”
“In spite of high raw material prices, the company was able to make a profit during the period under review mainly due to its cost effective feed formulation & efficient operations” the company said in interim accounts.
