Home / Business/ DPL remains competitive despite global challenges

DPL remains competitive despite global challenges


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 6 February 2019 00:00

Facebook

 


Hayleys Group’s globally-ranked subsidiary Dipped Products PLC (DPL), a leader in the non-medical rubber glove market, reported Rs. 22.5 billion Group turnover for the nine months ending December 2018; increase of 5% versus comparative period last year. The Hand Protection sector contributed Rs. 12.9 billion to the group’s top line, while the Plantation sector recorded a turnover of Rs. 9.7 billion for the period.

Group Profit after tax grew to Rs. 1,022 million, while profit attributable to equity holders of the company improved to Rs. 766 million from Rs. 209 million in the previous year.

The Group’s Hand Protection sector faced stiff price competition from regional competitors while the Plantations sector was impacted by lower commodity prices. DPL Managing Director Soon Huat Ng speaking on the results commented, “Globally the rubber glove industry is facing a challenging year, particularly due to slow down in key markets. Household and medical rubber glove market has become highly competitive and price driven. In order to respond to this situation we continue to shift our focus to high value added products and performance improvement initiatives. In this regard, launch of Total Productive Maintenance (TPM) and Lean production systems is a timely move that will help improve the group’s performance.” DPL’s Italian marketing company ICOGUANTI S.p.A. continues to support strongly to the revenue and profit of the Hand Protection sector.

Established in 1976, Dipped Products is one of the leading non-medical rubber glove manufacturers in the world, and accounts for a 5% share of the global market. The company’s products now reach 70 countries.


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Religion is a problem in Sri Lanka; can it be a solution?

Saturday, 17 August 2019

Generally, it is expected that religion should be a solution to a problem. Ironically in Sri Lanka religion is the problem. Therefore, what would be the solution? When religion becomes a problem of a country....


Orthodoxy and change: A perennial Muslim issue

Saturday, 17 August 2019

Whether Muslims live as minorities in non-Muslim countries or as majorities in a total of fifty seven countries, the clash of orthodoxy with modern challenges is a perennial issue that bedevils progress on several fronts in these communities.


Making the MCC Compact work for Sri Lanka

Friday, 16 August 2019

It is a sign of these political times that even an apolitical issue like a foreign aid program becomes a hot topic in Sri Lanka. In April 2019, the Board of Directors of the Millennium Challenge Corporation (MCC) approved a compact program for Sri La


Sri Lanka needs a president hungry for success, not power

Friday, 16 August 2019

The late John F. Kennedy described politics as a “noble adventure, an adventure in which one joins hands with the masses for the service of man”. Not that the Kennedys didn’t play “politricks” in their heyday. But playing “politricks” w


Columnists More

Special Report

SPECIAL REPORT MORE