Dipped Products posts improved 1H results
Dipped Products PLC, (DPL) the Hayleys Group’s multi-national gloves manufacturer in Sri Lanka, has posted striking top and bottom line growth for the first half of 2011-12, with higher performance-based growth in manufacturing and capital gains from the sale of shares in the second quarter of the year.
Helped by softening latex prices and strategic initiatives by management, Local Manufacturing improved volumes by 10 per cent and increased FOB turnover by 41 per cent to Rs 4.1 billion, enabling the Hand Protection sector to contribute Rs 7 billion (up 27 per cent) to the Group’s six month turnover of Rs 9.6 billion.
