Soaring rubber prices, unfavourable exchange rate bleed Samson Intl to Rs. 56 m loss

Monday, 19 September 2011 00:00 -     - {{hitsCtrl.values.hits}}

An unprecedented rise in rubber prices and unfavourable exchange rate have caused Samson International Plc to suffer a Rs. 56 million loss, its biggest, in the financial year ended on 31 March 2011.

The negative bottom line, for the second consecutive year, is despite a record turnover of Rs. 716 million and the company doing its best to improve productivity and efficiency.

Samson International, part of the iconic DSI Group, specialises in the manufacturing and export of unhardened vulcanised rubber products, for household and medical markets.

The company’s turnover rose by 22% from Rs. 588 million in FY2010 to Rs. 716 million in FY11.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.

COMMENTS

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.