Puritas (Pvt) Ltd, a fully owned subsidiary of Haycarb PLC, and Veolia Water, India, has been awarded the contract for a large waste water treatment facility for the National Holiday Resort, Pasikudah, on Design-Build and Operate basis, according to Haycarb officials.
Haycarb Managing Director Rajitha Kariyawasan, in a statement announcing the company’s 1st half ending 30th September 2011 results, said this is the first project on this model in Sri Lanka in the waste water management sphere and is part of a strategy to develop the capability of Puritas to service medium and large scale infrastructure projects in the country, in collaboration with a reputed international leading player in this sphere.
Meanwhile the company said revenue growth grew by 21 % to Rs 3.8 billion for the six months ending 30th September 2011, with stable demand in global markets and the company’s reliable supply stream of high quality carbons with a product mix of value-added carbons protecting its top line in a period of narrowing margins.
The activated carbon manufacturing company reported profit before tax of Rs 334 million and net profit of Rs 279 million for the six months.
Mr Kariyawasan said these profit figures, though lower than the previous year’s corresponding period, reflected a stable level of profit in the context of the unprecedented increases in the prices of coconut shell charcoal, its principal raw material.
He said the company had decided to invest heavily to build its charcoal inventory to overcome the on-going issue of raw material shortage. The company had also continued its capital expenditure programme, investing in additional value-added carbon projects for new applications, expanding and upgrading its manufacturing locations, and introducing the SAP Enterprise Resource Planning (ERP) system for its Sri Lankan operations. The investment in SAP realises a long-felt need to have a better and integrated information system to create the necessary systems platform for future growth. |
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