The Investor Sentiment - Equity and investments forum for Sri Lankans

Display results as :

Rechercher Advanced Search

Latest topics
»  5000 Post Milestone - Congratulations
Today at 11:59 am by Ethical Trader

» Honey trap for SL politico's
Today at 11:30 am by Ethical Trader

» Hello and CSE ?
Today at 11:16 am by Ethical Trader

» SPEN.N0000
Yesterday at 6:41 pm by Backstage

» Dividend Announcement
Yesterday at 12:19 pm by nihal123

» Flying is the Safest mode of Transport
Sun Mar 18, 2018 10:57 am by කිත්සිරි ද සිල්වා

» Land of Idiots
Sat Mar 17, 2018 5:46 am by CK

» Protectionism not sustainable, Sri Lanka ceramic industry told
Fri Mar 16, 2018 3:13 pm by Backstage

» Credit growth to surge beyond Central Bank’s expectation if agriculture sector picks up
Thu Mar 15, 2018 2:26 pm by Backstage

» Beware the Ides of March !
Thu Mar 15, 2018 2:15 pm by The Alchemist

» ලංකාවේ දුවන්නේ ලොරි බස් – ධම්මික කියයි
Thu Mar 15, 2018 12:57 pm by nihal123

» Happy Birthday
Wed Mar 14, 2018 10:53 pm by nihal123

Wed Mar 14, 2018 9:37 pm by spw19721

» Obituary Notice.
Wed Mar 14, 2018 2:37 pm by sashimaal

Wed Mar 14, 2018 10:23 am by lanka

» “ ඔසු උයන ” at Kahathuduwa, Piliyandala
Tue Mar 13, 2018 6:01 pm by AjithR

» Oil,gold, silver Prices
Tue Mar 13, 2018 2:00 pm by කිත්සිරි ද සිල්වා

» SLT Suspends Free Email Service
Tue Mar 13, 2018 1:14 pm by slstock

» Perpetual Treasuries
Tue Mar 13, 2018 12:49 pm by slstock

» මහනුවර ප්‍රචණ්ඩ ක්‍රියා: සැකකරුවන් අසූඑක් දෙනෙක් අත්අඩංගුවේ
Sun Mar 11, 2018 5:35 pm by Ethical Trader

» ලෝකෙ ඕනෑම තැනකට විදින්න පුළුවන් මිසයිල අපි ලඟ - පූතින්
Thu Mar 08, 2018 8:15 am by soileconomy

Tue Mar 06, 2018 5:27 pm by Ethical Trader

» Micro Finance
Tue Mar 06, 2018 7:20 am by yellow knife

» නිවැරදි බුදු දහම
Tue Mar 06, 2018 5:08 am by Ethical Trader

Mon Mar 05, 2018 7:39 pm by Ethical Trader

» Laughter the Best Medicine
Mon Mar 05, 2018 2:42 pm by pee ratio

» වචන නම් අපේ ඒත් තනුව ?????????
Mon Mar 05, 2018 1:52 pm by Rana

» The largest known Prime Number
Sun Mar 04, 2018 12:14 pm by Ethical Trader

» "My Entrepreneurship Mind and the Leadership Heart” Mr. Dhammika Perera
Fri Mar 02, 2018 9:05 pm by Backstage

» "My Entrepreneurship Mind and the Leadership Heart” Mr. Dhammika Perera
Fri Mar 02, 2018 9:00 pm by Backstage

» Citi rating model tops Sri Lanka as most attractive frontier market
Fri Mar 02, 2018 8:41 pm by Backstage

» JINS.N0000 ( Janashakthi Insurance PLC)
Fri Mar 02, 2018 9:51 am by කිත්සිරි ද සිල්වා

» Aircel, country's last small mobile phone operator, files for bankruptcy (India)
Thu Mar 01, 2018 10:23 am by sashimaal

» Alliance Finance
Tue Feb 27, 2018 5:33 pm by Ethical Trader

Tue Feb 27, 2018 11:13 am by Ethical Trader

Mon Feb 26, 2018 5:08 pm by Ethical Trader

» East West properties
Mon Feb 26, 2018 5:07 pm by Ethical Trader

» Resus Energy වැඩි බලය Trydan Partners යටතට
Fri Feb 23, 2018 6:13 pm by Ethical Trader

» බුද්ධ භවනා
Thu Feb 22, 2018 2:35 pm by Ethical Trader

» හවුල් ආණ්ඩුව තවදුරටත් පවතින බව පාර්ලිමේන්තුවට දන්වයි
Wed Feb 21, 2018 5:17 pm by Ethical Trader

» ජීවිතය පටන් ගන්නේ 60න්
Wed Feb 21, 2018 3:14 pm by lanka

» EAP ගනුදෙනුවේ සැඟවුණු ගැනුම්කරු හෙළිවෙයි
Wed Feb 21, 2018 2:39 pm by lanka

» මිලියන 4,000 ක අකිලගේ ටැබ් කොන්ත්‍රාත්තුව අබාන්ස්ට
Tue Feb 20, 2018 7:55 pm by nihal123

» Dhananath Fernando wins $ 10,000 for Sri Lanka in Think Tank Shark Tank in Asia
Mon Feb 19, 2018 11:35 am by Ethical Trader

» උදයංග වීරතුංග රැගෙන ඒමට පොලිස් නිලධාරීහු ඩුබායි වෙත
Mon Feb 19, 2018 8:24 am by soileconomy

» ධම්මික පෙරේරා කෝටි 16 ක කාරයක් ගෙනෙයි
Sat Feb 17, 2018 9:31 pm by soileconomy

» ආර්ථික අර්බුදය ඉක්මවා ගිය දේශපාලන අර්බුදය හමුවේ 'රුපියල'
Fri Feb 16, 2018 7:00 pm by Ethical Trader

Fri Feb 16, 2018 11:12 am by pjrngroup

» විගණකාධිපතිගේ 2016 වාර්තාව මෙන්න
Tue Feb 13, 2018 12:31 pm by Ethical Trader

» Boost for foreign investment in Govt. securities
Thu Feb 08, 2018 12:45 pm by Ethical Trader

March 2018

Calendar Calendar


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Brush manufacturer BPPL faced tough six months

Go down

Brush manufacturer BPPL faced tough six months

Post by Backstage on Mon Nov 27, 2017 10:17 am

Brush manufacturer BPPL faced tough six months
By Duruthu Edirimuni Chandrasekera

Brush manufacture, and exporter of sanitary maintenance tools, BPPL Holdings PLC has had a tough six months ending September this year.

The impact of floods in May/June affected timber supplies, restricting their sales growth during the period. In a bid to avoid such hardships in the future, the company has opted to import some timber for manufacturing their products, BPPL Managing Director Dr. Anush Amarasinghe told the Business Times.

“We now carry a limited quantity of imported timber as a safety measure to manufacture our products.” Although the situation had normalised by July 2017, inventory replenishment took longer than anticipated due to the threat of landslides affecting tree uprooting early on. Inventories only normalised by September 2017, which meant that shipments could only be regularised towards the end of the reported period.

Dr. Amarasinghe added the order pipeline for the next few quarters is strong with substantial order flows from customers in the disaster management and janitorial sectors in the US. “The need to replenish inventory rapidly following the recent hurricanes has boosted orders from the disaster management sector. We have also had significant wins from customers in the janitorial sector for our synthetic fiber/monofilament products. Revenue from these orders is expected to flow through from the Oct-Dec’ 2017 quarter onwards,” he has said in the quarterly statement.

Supply of the yarn extrusion machinery is also on track with deliveries expected during November – December 2017. Machinery will be commissioned during the January to March quarter of 2018 and contribute to revenue from April 2018.

Consolidated revenue for the period was Rs. 1.2 billion, up 7 per cent over the corresponding period in the previous year. The North American region remained the dominant contributor, accounting for 82 per cent of reported revenue. The region saw a 9 per cent increase in revenue over the previous financial year. Robust growth was also seen in Australia, and the European region, Dr. Amarasinghe has said.

BPPL has continued to roll out their own brand of cleaning products in the South-East Asian region. A distributor was appointed in Malaysia during the past quarter and another national hypermarket chain undertook to carry its products in Indonesia. “Now there are four national hypermarket chains and seven local stores in the Jakarta region that retail our products,” Dr. Amarasinghe has added.

BPPL’s gross profit was slightly down to Rs. 439 million for the six month period as gross margins fell due to wage escalation as a result of the floods. Irregular timber supplies increased overtime payments as workers had to process the timber as and when it arrived.
Top contributor
Top contributor

Posts : 3249
Join date : 2014-02-24

Back to top Go down

Back to top

Permissions in this forum:
You cannot reply to topics in this forum