Namunukula Plantations PLC 2017 AR2
The report highlights Namunukula Plantations PLC's exceptional performance for the 2016/2017 financial year, achieving its highest-ever net profit of LKR 432.4 million since privatization. The company recorded a milestone in its oil palm sector, harvesting over 20 million kg of Fresh Fruit Bunch (FFB) and maintaining its position as the second-largest FFB producer in Sri Lanka. Despite challenges such as erratic weather patterns and a 17% worker wage hike, revenue increased by 31% year-on-year to LKR 2.5 billion. Additionally, the company continued its strategic crop diversification into oil palm, rubber, and cinnamon, while investing LKR 228 million in capital expenditure, primarily for field development.
Company: Namunukula Plantations PLC
Sector: Agriculture, forestry & fishing
Country: Sri Lanka
Year: 2017
Type: AR2
Pages: 164
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Namunukula Plantations PLC
Annual Report
The report highlights Namunukula Plantations PLC's exceptional performance for the 2016/2017 financial year, achieving its highest-ever net profit of LKR 432.4 million since privatization. The company recorded a milestone in its oil palm sector, harvesting over 20 million kg of Fresh Fruit Bunch (FFB) and maintaining its position as the second-largest FFB producer in Sri Lanka. Despite challenges such as erratic weather patterns and a 17% worker wage hike, revenue increased by 31% year-on-year to LKR 2.5 billion. Additionally, the company continued its strategic crop diversification into oil palm, rubber, and cinnamon, while investing LKR 228 million in capital expenditure, primarily for field development.
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Document Details
Report Year
2017
Reporting Period
Apr 1, 2016 - Mar 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees