Kelani Valley Plantations PLC (KVPL) has reported profit and turnover growth in the nine months ending September 30, 2008, on the back of increased tea production and firm tea and rubber prices, the company said.
The company which is owned and managed by Dipped Products, the Hayleys Group’s multinational hand protection business, has reported that profit after tax grew by 37 % to Rs. 287 million, in the period reviewed. A significant portion of this profit came from rubber, the statement said.
KVPL’s turnover grew 34% to Rs. 2.5 billion over the corresponding period of the previous year.
Kelani Valley Plantations manages 27 estates with an extent of more than 13,000 hectares, divided almost equally in to tea and rubber.
All the company’s black tea producing factories have been certified compliant with HACCP, ISO 22000:2005 and SGS-TASL product quality standards, ensuring that the teas they manufacture meet the highest required international food safety standards.
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