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GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyYesterday at 9:18 pm by nihal123

» Thought for the day...
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyYesterday at 5:44 pm by sashimaal

» Trading Journal
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyYesterday at 8:19 am by Topcat

» Performance of the Market-Weekly
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyThu Sep 12, 2019 7:58 pm by ruwan326

» කැසිනෝ ව්‍යාපාරික රවී විජේරත්න, අර්බුදයට පත් MTD Walkers මිල දී ගැනීමට සැරසෙයි
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Sep 09, 2019 7:47 pm by nihal123

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GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Sep 09, 2019 10:54 am by nuwanmja

»  Rajgama Heroes !
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySat Sep 07, 2019 10:24 am by කිත්සිරි ද සිල්වා

» Yahoo mail
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Sep 06, 2019 5:38 pm by Rana

» Thread for News on International Markets
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Sep 06, 2019 9:50 am by The Invisible

» JINS.N0000 ( Janashakthi Insurance PLC)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Sep 06, 2019 9:47 am by The Invisible

» Browns Investments update
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Sep 06, 2019 6:00 am by sanjulanka

» Hayleys MGT
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Sep 06, 2019 5:55 am by The Invisible

» SEYB.N0000 ( SEYLAN BANK PLC )
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» Tourism Sector
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyThu Sep 05, 2019 6:08 pm by NIRMALSG

» CLND Not to miss
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyWed Sep 04, 2019 9:42 pm by sureshot

» Thread for News on CSE and SL Economy
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» TJL.N0000 (Textured Jersey Lanka PLC.)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyTue Sep 03, 2019 6:12 pm by Ethical Trader

» UBC Union Bank of Colombo
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyTue Sep 03, 2019 12:09 pm by The Invisible

» Obituary Notice.
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» Thread for News on Local and Foreign Politics
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySat Aug 31, 2019 5:13 pm by The Invisible

» Sri Lanka bank profitability under pressure: Moody’s
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySat Aug 31, 2019 8:44 am by The Invisible

» ‘වැඩකාරයාගේ නමත් සිරිසේන’ කියලා හිනාවුණා
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Aug 30, 2019 4:05 pm by sanjulanka

» 8000 Post Club | Celebration of a Great Milestone කිත්සිරි ද සිල්වා
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyThu Aug 29, 2019 7:17 pm by කිත්සිරි ද සිල්වා

» In the Meantime, Within Our Shores !
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyThu Aug 29, 2019 10:37 am by කිත්සිරි ද සිල්වා

» Sri Lanka to call for bids to develop Mannar Basin natural gas find
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyTue Aug 27, 2019 4:32 pm by nuwanmja

» “බිරිඳගේ සහ පෙම්වතියගේ වෙනස මොකක්ද?”
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySun Aug 25, 2019 11:51 pm by sanjulanka

» The Central Bank of Sri Lanka Reduces its Policy Interest Rates
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySat Aug 24, 2019 4:26 am by Ethical Trader

» JKH - 155/00 Breakout is pending
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Aug 23, 2019 2:21 pm by pjrngroup

» Tokyo as at 21.08.2019 Morning
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyWed Aug 21, 2019 10:07 am by nisashi

» අනං මනං! #/+?.<>
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyTue Aug 20, 2019 8:18 pm by ruwan326

» What Would You Do?
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Aug 19, 2019 1:02 pm by කිත්සිරි ද සිල්වා

» Back of the Legends
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Aug 19, 2019 10:13 am by Topcat

» NTB.N0000 (NATIONS TRUST BANK PLC)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySun Aug 18, 2019 10:33 pm by lanka

» Melstacorp (MELS)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySun Aug 18, 2019 8:33 pm by The Invisible

» Cargills (CARG)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySun Aug 18, 2019 8:26 pm by The Invisible

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySun Aug 18, 2019 8:18 pm by The Invisible

» SHL.N0000 (Softlogic Holdings PLC)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySun Aug 18, 2019 8:14 pm by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySat Aug 17, 2019 12:44 pm by nuwanmja

» CFVF - First Capital
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Aug 16, 2019 9:58 am by CK

» Ceylinco Insurance CINS
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyWed Aug 14, 2019 9:18 am by The Invisible

» HNB.N0000 ( Hatton National Bank PLC)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyWed Aug 14, 2019 9:15 am by The Invisible

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyWed Aug 14, 2019 9:11 am by The Invisible

» LIOC.N0000 (Lanka IOC PLC)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Aug 12, 2019 2:55 pm by xmart

» HAYL.N0000 Hayleys PLC
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Aug 12, 2019 1:43 pm by CK

» PABC.N0000 (Pan Asia Banking Corporation PLC)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Aug 12, 2019 1:33 pm by The Invisible

» Grain Elevators
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Aug 12, 2019 1:31 pm by The Invisible

» Sri Lanka sets US$3.5bn tea export target for 2030
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Aug 12, 2019 1:27 pm by The Invisible

» Tea: July 2019 national average shows gains month on month
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySun Aug 11, 2019 9:19 pm by Topcat

» OSEA .N
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySat Aug 10, 2019 6:40 pm by The Invisible

» Sri Lanka mulls reforms to punish 'errant' plantation companies
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySat Aug 10, 2019 6:33 pm by The Invisible

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GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)

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GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) Empty GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)

Post by yellow knife on Fri Jul 07, 2017 7:21 am

This is identified as an Indian company and even Norwegian Petroleum Fund has invested in this company. Manufacturing is the sector that should be developed with the assistance of Government.

Annual reports of Plantation sector as well as Manufacturing sector often state that State should do more or at least remain without doing harmful things . SL is yet to find a government it suits .

Our company continues to suffer due to the artificially controlled furnance oil prices by the Government which are still substantially higher than international level and fluctuating LPG prices. We will continue to appeal to the government and hope that domestic industries will be protected to complete globally by providing a level playing field.

P.3 2017 Annual Report

See the request of an Indian asking Local Government to protect its domestic industries...

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GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) Empty Re: GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)

Post by yellow knife on Fri Jul 07, 2017 7:22 am

Revenue and PAT of the company

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GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) Empty Re: GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)

Post by yellow knife on Fri Jul 07, 2017 7:23 am

Glass is one attractive penny stock which often trades well below Rs 10 and report good Earnings.

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GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) Empty Re: GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)

Post by yellow knife on Fri Jul 07, 2017 7:25 am

2011 was the year of bubble in CSE and many got burnt by buying at high. If someone purchased GLASS at 11 , he could not have earned anything worth while in Capital gains or dividends. This is why one has to be very careful to not to run with the herd but to his own analysis.

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GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) Empty Re: GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)

Post by yellow knife on Fri Jul 07, 2017 7:25 am

Company often paid dividends as long as it made profits.

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GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) Empty Re: GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)

Post by yellow knife on Fri Jul 07, 2017 7:26 am

Company often paid a fair amount of its Earnings as Dividends.

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Post by yellow knife on Fri Jul 07, 2017 7:30 am

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Post by කිත්සිරි ද සිල්වා on Fri Jul 07, 2017 7:49 am

Thanks YK.

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GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) Empty Re: GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)

Post by Ethical Trader on Fri Jul 07, 2017 12:57 pm

Thanks YK.
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GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) Empty Re: GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)

Post by spw19721 on Sun Jul 09, 2017 4:34 am

many Thanks..
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GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) Empty Interim Financial Statements as at 30-06-2017

Post by Rana on Tue Jul 25, 2017 5:44 pm

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Post by කිත්සිරි ද සිල්වා on Tue Jul 25, 2017 6:11 pm

Thanks Rana.
(Indians kill the interest for this share by jacking up / inflating the Administrative costs every year).

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Post by The Invisible on Tue Jul 25, 2017 7:47 pm

Interesting observations. Revenue decline for June quarter by 15% YoY but gross profit improved by 15% YoY. Clear sign on improved efficiency/productivity. Only issue is the increased interest cost due to close to Rs1.5Bn increase in borrowings. Interesting to see how they can repay this and depending on the repayment the finance cost can come down.
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GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) Empty Re: GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)

Post by ruwan326 on Sun Mar 10, 2019 6:40 am

Sri Lanka examine market pricing furnace oil for industry: official

Mar 09, 2019

Sri Lanka will look into the possibility of market pricing furnace oil, which is a key ingredient of export industry, an official said.

Advisor to Finance Ministry Deshal de Mel told Eco said the government would look in to the possibility of bringing furnace oil in to a price formula.

Though petrol and diesel is market priced, furnace oil is not.

Furnace oil, which is a mostly sold to business-to-business and the state-run Ceylon Electricity Board has been kept at a price above cost in the last three years when oil prices fell.

However exporter industry which use furnace oil, like the glass industry has been facing competition from countries with cheaper energy.

Sri Lanka's rupee collapsed in 2018, due to the operation of a soft-peg with contradictory policy by the central bank as well as real effective exchange rate targeting.

This had made Ceylon Petroleum Corporation run a loss of 104 billion rupees, and forex losses of 82 billion rupees raising question why the utility is running such a large open position in foreign exchange and whether it is under coercion from sections of the state to do so.

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GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) Empty Re: GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)

Post by ruwan326 on Fri Jul 05, 2019 9:13 pm

GLAS ටිකක් එකතු කරගත්තොත් නරකද ?????? Very Happy Very Happy Very Happy


Sri Lankan unit of Piramal Glass invests Rs.1.3bn to expand export production

Jul 05, 2019 

EXPANSION:  The Sri Lankan unit of Piramal Glass said that it is investing in a new bottling line to expand its export business. Source: Piramal Glass Ceylon Plc Photo.

Piramal Glass Ceylon Plc (PGC), Sri Lanka's glass bottle manufacturer, has invested 1.3 billion rupees on a new bottling line to cater to its export orders, a top official said.

"We are looking forward with much expectations to support our export strategy in the new year expecting to reap the harvest on the new investment done by the company on its 6th bottle production line," Chairman Vijay Shah said.

"This investment of 1.3 billion rupees was done with the objective of expanding its downstream capacities to support exports," he said.
"During the coming year, the company wishes to focus more on its strategy of doing business in the niche high value added specialty segment of glass bottles in the international market," Shah said.

PGC is exporting to India, Australia, Malaysia, Africa, Pakistan, Vietnam, USA and Canada.
There is currently sluggish domestic economic growth, following political unrest and the Easter Sunday terror attack.

Shah said that in 2018/19 the firm's revenue grew 9 percent from a year earlier to 7.4 billion rupees.  However, domestic revenue had remained flat at 4.7 billion rupees.
He said the firm had grown despite domestic challenges with a focus on exports, which grew 27 percent to 2.7 billion rupees from a year earlier.

The state had recognized PGC as the leading foreign exchange earner in 2018 in the ceramic, porcelain and glass segment, Shah said.
However, the state continuing to control furnace oil prices instead of allowing market prices to prevail is hurting the firm's competitiveness, he said.

"The company has made several representation to all relevant authorities to link the price of furnace oil to global crude oil prices, as followed in all neighboring countries as a fair and transparent practice," he said.

"This will provide a level playing field for PGC to compete and further grow volumes in the export market."
" Currently due to administered price of furnace oil by CPC with no linkage to international crude oil prices, PGC has a huge competitive disadvantage as compared to all global players in the industry."
PGC is a part of India's Piramal Group, which has interests in pharmaceuticals, glass packaging, real estate and financial services.

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GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) Empty Re: GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)

Post by dhanurrox on Fri Jul 05, 2019 9:38 pm

The quantity Norges dumped at 3.30 is loaded somewhere.

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Post by NIRMALSG on Sat Jul 06, 2019 6:11 am

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Based on profits fluctuation of the company still in downtrend but hope this new investment provide more revenue on coming years. Smile
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Post by කිත්සිරි ද සිල්වා on Sat Jul 06, 2019 8:13 am

The Indians know how to cook books and siphon part of the profits off as exorbitant management fees. Mad

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Post by The Invisible on Mon Aug 05, 2019 10:07 pm

Piramal Glass profits down over upgrade

ECONOMYNEXT - Piramal Glass Plc, a Sri Lanka based publicly traded unit of India's Piramal group said profits in the June 2019 quarter fell 55 percent to 20.9 million rupees as two production lines were shut down to install a new one.

Piramal Glass reported earnings of 02 cents per share for the quarter.

Revenues fell 3.5 percent to 1.58 billion rupees and cost of sales fell 1.2 percent to 1.34 billion rupees shrinking gross profits 18 percent to 239 million rupees.

Piramal Glass said a sixth production line was installed during the quarter for which two lines were shut down for a time.

"However we are confident that this Financial year end would see the highest ever production.." the firm told shareholders in a statement.

"This line has been installed mainly targeting the developed part of the world and has the flexibility of producing bottles in varied shapes & designs.

"Preference was given to the increased demand of the domestic market by deferring some part of the exports to the upcoming quarters."

Domestic sales had grown 17 percent to 1.193 billion rupees in the June quarter from a year earlier. Exports sales had fallen to 392 million rupees from 633 million rupees.

"The management is confident that with the enhanced infrastructure that Piramal Ceylon would be able to enter niche markets segments with improved realisations & better margins. Presently company is exporting to USA, Canada, New Zealand, Australia, India, Pakistan, Myanmar & several other markets," the firm said. (Colombo/Aug05/2019)
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