Balangoda Plantations PLC 2023 AR2
The report outlines Balangoda Plantations PLC's financial and operational performance for the fiscal year 2023. Despite facing adverse weather conditions, high inflation, and rising input costs, the company achieved an operational profit of Rs. 678 million and a profit before tax of Rs. 355 million. The tea sector demonstrated resilience, securing an operational profit of Rs. 572 million, while the rubber sector faced setbacks due to Circular Leaf Spot Disease and unfavorable weather. The company upgraded its Rasagalla Tea Factory for ISO 22000:2018 certification and renovated the Nagrak Holiday Bungalow, generating a noteworthy return on investment. Balangoda Plantations remains committed to sustainable growth, integrating advanced agricultural practices and mechanization to maximize yield potential.
Company: Balangoda Plantations PLC
Sector: Agriculture, forestry & fishing
Country: Sri Lanka
Year: 2023
Type: AR2
Pages: 116
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Balangoda Plantations PLC
Annual Report
The report outlines Balangoda Plantations PLC's financial and operational performance for the fiscal year 2023. Despite facing adverse weather conditions, high inflation, and rising input costs, the company achieved an operational profit of Rs. 678 million and a profit before tax of Rs. 355 million. The tea sector demonstrated resilience, securing an operational profit of Rs. 572 million, while the rubber sector faced setbacks due to Circular Leaf Spot Disease and unfavorable weather. The company upgraded its Rasagalla Tea Factory for ISO 22000:2018 certification and renovated the Nagrak Holiday Bungalow, generating a noteworthy return on investment. Balangoda Plantations remains committed to sustainable growth, integrating advanced agricultural practices and mechanization to maximize yield potential.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
May 30, 2024
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