DIPPED PRODUCTS PLC
INTERIM REPORT FOR THE NINE MONTHS ENDED 31ST DECEMBER 2022
Page 1
CORPORATE INFORMATION | |
LEGAL FORM | SECRETARIES |
A Public Limited Company | Hayleys Group Services (Private) Limited |
Incorporated in Sri Lanka in 1976 | 400, Deans Road, Colombo 10, Sri Lanka |
Telephone: 2627650-6 (7 Lines) | |
COMPANY NUMBER | Fax: 2627655 |
PQ60 | |
DIRECTORS | |
Mr. Mohan Pandithage - Chairman | STOCK EXCHANGE LISTING |
Mr. Rajitha Kariyawasan - Deputy Chairman | The ordinary shares of the Company are listed |
Mr.Pushpika Janadheera -Managing Director | with the Colombo Stock Exchange of Sri Lanka |
Mr.Ng Soon Huat - ( Resigned w.e.f 18.01.2023) | |
Mr. Sarath Ganegoda | |
Mr. Faiz Mohideen | |
Mr. Sujeewa Rajapakse | REGISTERED OFFICE |
Mr. Ramesh Nanayakkara | 400, Deans Road, Colombo 10, Sri Lanka |
Mr. Sujeewa Peiris | Telephone: 2627000 |
Mr.Gamini Gunaratne | Fax: 2699018 & 2699299 |
Mr.Indika Prasad | E-mail: postmast@dplgroup.com |
Mr. Chandika Ratnasiri | Website: www.dplgroup.com |
Mr.Giorgio Molinari | |
Ms. Brindhiini Perera |
SUBSIDIARIES
Hand Protection
Palma Limited - liquidated on 14.11.2022 Venigros (Private) Limited
Texnil (Private) Limited - in the process of liquidation Feltex (Private) Limited
Dipped Products (Thailand) Limited ICOGUANTI S.p.A
Hanwella Rubber Products Limited D P L Premier Gloves Limited
D P L Universal Gloves Limited D P L International Limited DPL France SAS ROZENBAL POLSKA Sp. z o.o.
Plantations
D P L Plantations (Private) Limited
Kelani Valley Plantations PLC
Hayleys Plantation Services (Private) Limited
Talawakelle Tea Estates PLC
PRINCIPAL LINES OF BUSINESS
Manufacture and marketing of industrial, general purpose and medical rubber gloves, Management of tea and rubber plantations.
Page 2 | ||||||||||
DIPPED PRODUCTS PLC | ||||||||||
STATEMENT OF PROFIT OR LOSS | ||||||||||
Group | Group | Group | ||||||||
Audited | Unaudited | Unaudited | Increase/ | Unaudited | Unaudited | Increase/ | ||||
Year to | 09 months to | 09 months to | Increase/ | 03 months to | 03 months to | Increase/ | ||||
31/03/2022 | 31/12/2022 | 31/12/2021 | (Decrease) | 31/12/2022 | 31/12/2021 | (Decrease) | ||||
Rs.'000 | Rs.'000 | Rs.'000 | % | Rs.'000 | Rs.'000 | % | ||||
Revenue from contracts with | ||||||||||
55,293,983 | customers | 61,581,013 | 42,743,545 | 44 | 19,586,955 | 12,730,290 | 54 | |||
(44,561,333) | Cost of sales | (47,318,492) | (34,387,146) | 38 | (15,328,969) | (10,421,358) | 47 | |||
10,732,650 | Gross profit | 14,262,521 | 8,356,399 | 71 | 4,257,986 | 2,308,932 | 84 | |||
833,407 | Other income and gains | 531,279 | 372,755 | 43 | 328,400 | 110,949 | >100 | |||
(1,402,795) | Distribution costs | (2,546,693) | (1,054,840) | >100 | (985,878) | (390,433) | >100 | |||
(4,803,655) | Administrative expenses | (5,158,619) | (3,340,270) | 54 | (1,881,749) | (820,901) | >100 | |||
(706,458) | Finance costs | (881,835) | (600,994) | 47 | (133,805) | (189,384) | (29) | |||
2,943,626 | Finance income | 2,629,174 | 475,630 | >100 | 3,531 | 97,830 | (96) | |||
7,596,775 | Profit / (loss) before tax | 8,835,827 | 4,208,680 | >100 | 1,588,485 | 1,116,993 | 42 | |||
(1,185,975) | Tax expense | (1,833,840) | (808,982) | >100 | (666,446) | (189,814) | >100 | |||
Profit / (loss) for the period | >100 | (1) | ||||||||
6,410,800 | 7,001,987 | 3,399,698 | 922,039 | 927,179 | ||||||
Attributable to : | ||||||||||
5,382,651 | Equity holders of the parent | 5,703,330 | 3,018,151 | 89 | 827,422 | 811,015 | 2 | |||
1,028,149 | Non-controlling interest | 1,298,657 | 381,547 | >100 | 94,617 | 116,164 | (19) | |||
Profit / (loss) for the period | >100 | (1) | ||||||||
6,410,800 | 7,001,987 | 3,399,698 | 922,039 | 927,179 | ||||||
Basic earnings / (loss) per ordinary share | ||||||||||
8.99 | for the period (Rs.) * | 9.53 | 5.04 | 1.38 | 1.35 | |||||
Diluted earnings / (loss) per ordinary share | ||||||||||
8.99 | for the period (Rs.) * | 9.53 | 5.04 | 1.38 | 1.35 | |||||
2.50 | Dividend per share (Rs)* | 2.40 | 2.00 | 1.00 | 0.45 |
* Computed based on 598,615,120 ordinary shares on issue as at 31/12/2022
The notes to the financial statements on page 10 and 11 form an integral part of the financial statements.
The figures in brackets indicate deductions
Page 3 | ||||||||||
DIPPED PRODUCTS PLC | ||||||||||
STATEMENT OF PROFIT OR LOSS | ||||||||||
Company | Company | Company | ||||||||
Audited | Unaudited | Unaudited | Increase/ | Unaudited | Unaudited | Increase/ | ||||
Year to | 09 months to | 09 months to | Increase/ | 03 months to | 03 months to | Increase/ | ||||
31/03/2022 | 31/12/2022 | 31/12/2021 (Decrease) | 31/12/2022 | 31/12/2021 | (Decrease) | |||||
Rs.'000 | Rs.'000 | Rs.'000 | % | Rs.'000 | Rs.'000 | % |
6,610,277
(5,289,337)
1,320,940
1,455,815
(38,364)
(1,028,196)
(311,712)
1,644,069
3,042,552
(242,132)
2,800,420
4.68
4.68
2.50
Revenue from contracts with | |||||
customers | 8,012,655 | 5,119,317 | 57 | ||
Cost of sales | (5,293,119) | (4,103,385) | 29 | ||
Gross profit | 2,719,536 | 1,015,932 | >100 | ||
Other income and gains | 2,722,308 | 1,133,311 | >100 | ||
Distribution costs | (272,638) | (34,392) | >100 | ||
Administrative expenses | (980,364) | (667,449) | 47 | ||
Finance costs | (414,859) | (216,825) | 91 | ||
Finance income | 1,398,737 | 214,010 | >100 | ||
Profit / (loss) before tax | 5,172,720 | 1,444,587 | >100 | ||
Tax expense | (239,992) | (20,359) | >100 | ||
Profit / (loss) for the period | 4,932,728 | 1,424,228 | >100 | ||
Basic earnings / (loss) per ordinary share | |||||
for the period (Rs.) * | 8.24 | 2.38 | |||
Diluted earnings / (loss) per ordinary share | |||||
for the period (Rs.) * | 8.24 | 2.38 | |||
Dividend per share (Rs) * | 2.40 | 2.00 |
2,492,295 | 1,556,822 | 60 | |
(1,735,639) | (1,221,293) | 42 | |
756,656 | 335,529 | >100 | |
133,133 | 6,003 | >100 | |
(74,557) | (19,532) | >100 | |
(353,864) | (222,463) | 59 | |
(32,685) | (89,712) | (64) | |
53,534 | 73,670 | (27) | |
482,217 | 83,495 | >100 | |
171,719 | 7,852 | >100 | |
>100 | |||
653,936 | 91,347 |
1.090.15
1.090.15
1.000.45
* Computed based on 598,615,120 ordinary shares on issue as at 31/12/2022
The notes to the financial statements on page 10 and 11 form an integral part of the financial statements.
The figures in brackets indicate deductions
Group
Audited Year to 31/03/2022 Rs.'000
DIPPED PRODUCTS PLC
STATEMENTS OF COMPREHENSIVE INCOME
Group
Unaudited | Unaudited | Increase/ | |
09 months to | 09 months to | Increase/ | |
31/12/2022 | 31/12/2021 | (Decrease) | |
Rs.'000 | Rs.'000 | % | |
Page 4
Group
Unaudited | Unaudited | Increase/ | |
03 months to | 03 months to | Increase/ | |
31/12/2022 | 31/12/2021 | (Decrease) | |
Rs.'000 | Rs.'000 | % | |
6,410,800
2,276,284
40,589
3,055
32
128,028
(16,041)
2,431,947
8,842,747
7,756,719
1,086,028
8,842,747
Profit / (loss) for the period Other comprehensive income
Other comprehensive income to be reclassified to profit or loss in subsequent periods (net of tax)
Currency translation of foreign operations
Other comprehensive income not to be reclassified to profit or loss in subsequent periods (net of tax)
Actuarial gain/(loss) on defined benefit plans
Tax effect on actuarial gain/(loss)
Net gain/(loss) on equity instruments designated at Fair Value through OCI Revaluation of land
Tax effect on land revaluation
Other comprehensive income / (loss) for the period, net of tax
Total comprehensive income / (loss) for the period, net of tax
Attributable to :
Equity holders of the parent Non-controlling interest
Total comprehensive income / (loss) for the period, net of tax
7,001,987 3,399,698 >100
1,601,905 | (276,180) | >100 |
- | - | ||
- | - | ||
(26) | 116 | >(100) | |
(27,542) | - | >100 | |
1,574,337 | (276,064) | >100 | |
8,576,324 | 3,123,634 | >100 | |
7,274,163 | 2,744,824 | >100 | |
1,302,161 | 378,810 | >100 | |
8,576,324 | 3,123,634 | >100 | |
922,039 | 927,179 | (1) |
985,964 (365,958) >100
- | - | ||
- | - | ||
(29) | 72 | >(100) | |
(27,542) | - | >100 | |
958,393 | (365,886) | >100 | |
1,880,432 | 561,293 | >100 | |
1,785,683 | 444,727 | >100 | |
94,749 | 116,566 | (19) | |
1,880,432 | 561,293 | >100 | |
The notes to the financial statements on page 10 and 11 form an integral part of the financial statements. The figures in brackets indicate deductions
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Dipped Products plc published this content on 13 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 February 2023 10:05:08 UTC.