C.W. Mackie Group posts Rs. 500 m pre-tax profit

C.W. Mackie a leading commodity trading, manufacturing and distribution Group of Companies released its financial statements for the year 2011/2012 reporting a net profit before tax (PBT) of Rs. 500 million for the 12 months ended 31 March 2012 as compared with Rs. 350 million for the 15 month period ended 31 March 2011.

A spokesman for the Company said that this is an extremely impressive result with a 43% increase in Group profits and a 15% increase in Company profits.

A strong growth in profits in both natural rubber and desiccated coconut exports combined with a significant development in profit from the manufacturing and domestic distribution business also contributed to the Group’s total earnings.

C.W. Mackie is a long established, diversified conglomerate with a varying and diversified export and import oriented business portfolio which include natural rubber and desiccated coconut; rubber based products for both export and local market; import, manufacture and distribution of branded consumer products; import and distribution of sugar; import and re-sale of branded marine paints and protective coatings, welding equipment, refrigeration and air-conditioning components and light engineering products.