Dipped Products Group of Companies (DPL) said it posted healthy turnover and profit growth in the first quarter of 2010-11 though margins in rubber glove manufacturing operations were eroded by a sharp increase in natural rubber prices.
The Hayleys Group’s globally-positioned hand protection business which also has a substantial interest in plantations, said in a press release that turnover rose by 47 % to Rs 3,314 million in the three months ending June. Hand Protection improved turnover by 37 % and plantations grew by 93 %.
Dipped Products Thailand (DPTL) DPL’s medical glove manufacturing company reported a 52 % increase in turnover to Rs 524 million, while ICOGUANTI S.p.A. the Group’s Italian marketing company achieved revenue of Rs 901 million, up 17 % over the corresponding quarter of the previous year.
DPL’s consolidated profit before tax of Rs 121 million reflected a 33 % improvement in the period reviewed. Profit after tax was up 49 % to Rs 95 million. |
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