Balangoda Plantations PLC 2019 AR2
The report highlights Balangoda Plantations PLC's performance and sustainability initiatives for the fiscal year 2019. Despite facing severe challenges such as erratic weather, a 40% daily basic wage rate increase, and subdued global demand, the company increased its overall tea production by 12.66% to 4.74 million kg. The company invested Rs. 180.91 million in capital expenditure, including Rs. 80.46 million on field development such as tea and rubber replanting. On the social front, the company supported community development through World Bank-funded projects and Indian housing initiatives. Additionally, nine of the company's estates maintained ISO 22000 certification, demonstrating its commitment to quality management and food safety.
Company: Balangoda Plantations PLC
Sector: Agriculture, forestry & fishing
Country: Sri Lanka
Year: 2019
Type: AR2
Pages: 96
Back to company
Balangoda Plantations PLC
Annual Report
The report highlights Balangoda Plantations PLC's performance and sustainability initiatives for the fiscal year 2019. Despite facing severe challenges such as erratic weather, a 40% daily basic wage rate increase, and subdued global demand, the company increased its overall tea production by 12.66% to 4.74 million kg. The company invested Rs. 180.91 million in capital expenditure, including Rs. 80.46 million on field development such as tea and rubber replanting. On the social front, the company supported community development through World Bank-funded projects and Indian housing initiatives. Additionally, nine of the company's estates maintained ISO 22000 certification, demonstrating its commitment to quality management and food safety.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Published
Aug 20, 2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available