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» SAMP.N0000 (SAMPATH BANK PLC)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyToday at 12:40 am by NEWER

» My Port Folio Bleeding But Its just the Begining Of..
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyYesterday at 11:53 pm by xmart

» RCL - Royal Ceramics
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyYesterday at 5:24 pm by The Invisible

» Sri Lanka bad loans grow to 4.8-pct in June after soft-peg collapse
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyYesterday at 3:58 pm by The Invisible

» Banks, Finance & Insurance Sector Chart
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyYesterday at 3:51 pm by The Invisible

» HNB Update
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyYesterday at 3:39 pm by The Invisible

» Cricket, meet Capitalism
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyYesterday at 12:26 pm by nuwanmja

» Thread for News on CSE and SL Economy
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyYesterday at 5:10 am by NIRMALSG

» Dividend Announcement
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Jul 19, 2019 9:32 pm by nihal123

» Browns Investments update
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Jul 19, 2019 7:45 pm by The Invisible

» LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Jul 19, 2019 1:03 pm by Fireandwater

» "පියසේනට දැං සනීපයි..."
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Jul 19, 2019 10:47 am by Yin-Yang

» What's going to happen
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Jul 19, 2019 6:26 am by serene

» TJL.N0000 (Textured Jersey Lanka PLC.)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyThu Jul 18, 2019 11:50 am by serene

» CFVF - First Capital
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyThu Jul 18, 2019 7:43 am by serene

» විද්‍යාව මිස්ගේ පාඩම...
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyWed Jul 17, 2019 7:27 am by sanjulanka

» Trading Journal
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyTue Jul 16, 2019 11:50 pm by pathfinder

» වචන නම් අපේ ඒත් තනුව ?????????
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyTue Jul 16, 2019 8:08 pm by Rana

» Access Engineering AEL Technical Analysis
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Jul 15, 2019 3:07 pm by NIRMALSG

» Tourism sector
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySun Jul 14, 2019 8:57 am by NIRMALSG

» LFIN - LB Finance
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyThu Jul 11, 2019 11:27 am by Ethical Trader

» අපි නොදන්න චෙස් කිව්වලු !
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyTue Jul 09, 2019 6:25 pm by serene

» Stock Market to stay Bullish
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Jul 08, 2019 7:51 am by කිත්සිරි ද සිල්වා

» Is an emoji a word or a gesture?
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Jul 08, 2019 7:46 am by කිත්සිරි ද සිල්වා

»  Rajgama Heroes !
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Jul 08, 2019 7:39 am by කිත්සිරි ද සිල්වා

» HHL.N0000 ( Hemas Holdings PLC)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySun Jul 07, 2019 12:25 pm by dhanurrox

» Checkmate, meatbags !
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySun Jul 07, 2019 7:20 am by spw19721

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySat Jul 06, 2019 8:13 am by කිත්සිරි ද සිල්වා

» සංචාරක පැමිණීම ක්‍රමයෙන් යහපත් වන ලකුණු
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Jul 05, 2019 6:11 pm by serene

» Easter Sunday Attack and Sri Lanka
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyThu Jul 04, 2019 8:46 am by කිත්සිරි ද සිල්වා

» අනං මනං! #/+?.<>
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyWed Jul 03, 2019 10:07 pm by ruwan326

» First capital holdings
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyWed Jul 03, 2019 1:37 pm by serene

» What to Analyse
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Jul 01, 2019 11:33 am by serene

» අනිසි ලෙස කොටස් මිල හැසිර වූ ආයෝජකයින් දෙදෙනෙකුට සුරැකුම්පත් කොමිසමෙන් නඩු
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Jun 28, 2019 2:11 pm by Ethical Trader

» අද වෙන්දේසියේ දී බිල්පත් පොළිය පහළට.
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Jun 28, 2019 7:46 am by serene

» AAIC.N0000
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Jun 28, 2019 7:33 am by serene

» SERV - The Kingsbury
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyThu Jun 27, 2019 8:27 pm by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyWed Jun 26, 2019 2:22 pm by nuwanmja

» Life After Google
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyTue Jun 25, 2019 5:28 pm by කිත්සිරි ද සිල්වා

» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyTue Jun 25, 2019 6:37 am by nihal123

» Future of Tea Industry
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Jun 24, 2019 6:54 pm by hammurabi

» Cricket !
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Jun 24, 2019 2:22 pm by කිත්සිරි ද සිල්වා

» DIPD.N0000 (Dipped Products)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Jun 24, 2019 11:40 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySun Jun 23, 2019 9:14 pm by hammurabi

» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Jun 21, 2019 5:25 pm by Ethical Trader

» Happy Father's Day !
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyMon Jun 17, 2019 8:58 pm by spw19721

» DPL.N0000 (Dankotuwa Porcelain PLC)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptySun Jun 16, 2019 7:12 am by NIRMALSG

» Re: Financial reports Q1-2019
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

» SEYB.N0000 ( SEYLAN BANK PLC )
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyThu Jun 13, 2019 8:11 pm by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
GLAS.N0000 (PIRAMAL GLASS CEYLON PLC) EmptyThu Jun 13, 2019 8:08 pm by ruwan326

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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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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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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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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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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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