Bogawantalawa Tea Estates PLC 2014 AR2
The report highlights Bogawantalawa Tea Estates PLC's performance and sustainability initiatives for the 2013-2014 fiscal year. Despite facing adverse weather conditions and wage increases that led to a net loss of Rs. 39.5 million, the company continued its capital development, investing Rs. 193.4 million in field development, factory modernization, and worker welfare. Key sustainability achievements include obtaining Rainforest Alliance Certification for two estates and factories, and generating over 10 MW of clean energy through mini-hydro power plants. Additionally, the company's marketing subsidiary, BPL Teas, recorded a net profit of Rs. 42 million, with Dutch and Swedish partners contributing Rs. 23.7 million in Fairtrade premiums to uplift estate workers' welfare.
Company: Bogawantalawa Tea Estates PLC
Sector: Agriculture, forestry & fishing
Country: Sri Lanka
Year: 2014
Type: AR2
Pages: 96
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Bogawantalawa Tea Estates PLC
Annual Report
The report highlights Bogawantalawa Tea Estates PLC's performance and sustainability initiatives for the 2013-2014 fiscal year. Despite facing adverse weather conditions and wage increases that led to a net loss of Rs. 39.5 million, the company continued its capital development, investing Rs. 193.4 million in field development, factory modernization, and worker welfare. Key sustainability achievements include obtaining Rainforest Alliance Certification for two estates and factories, and generating over 10 MW of clean energy through mini-hydro power plants. Additionally, the company's marketing subsidiary, BPL Teas, recorded a net profit of Rs. 42 million, with Dutch and Swedish partners contributing Rs. 23.7 million in Fairtrade premiums to uplift estate workers' welfare.
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Document Details
Report Year
2014
Reporting Period
Apr 1, 2013 - Mar 31, 2014
Fiscal Year
2014
Published
Aug 26, 2014
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