Dankotuwa Porcelain PLC as a Group recorded impressive results and for the quarter ended September 30, 2022, (which includes its main subsidiary Royal Fernwood Porcelain Limited) recorded revenue of Rs. 1.42 Bn, which was a 69% growth compared to the second quarter of 2021/2022.
Continuing the growth momentum, during the financial year 2022/23 as far as results achieved for the first six months was concerned, the Group recorded a revenue in the first half stood at Rs. 2.84 Bn, a 75% increase, when compared to the LKR 1.62 Bn, achieved during the same period last year.Further, the Group achieved a Gross Profit (GP) of Rs. 1.21 Bn which was 111% compared to Rs. 576 Mn achieved for the first half of the financial year 2021/22. PBT for the Group of Rs. 635 Mn for the first half (H1) of 2022/23 when compared to RS 157 Mn achieved during the corresponding period last year.
It is noteworthy that the Groups’ local sales in Sri Lanka has increased by 133% for the H1 compared to the corresponding period in the financial year 2021/22, whilst global sales have recorded a 54% increase. Dankotuwa Porcelain as a Company posted a revenue of Rs 854 Mn, for the second quarter, an increase of 51% in the comparative period of last year. The Company’s PBT achieved was Rs 251 Mn, which was 146% increase compared to the Rs 102 Mn achieved, whilst PAT for the said period was Rs 211Mn for the quarter under review, which was an 151% increase against the comparative period of last year.
Its subsidiary Royal Fernwood Porcelain, recorded a revenue of Rs 562 Mn for the Q2 of the financial year 2022/23 resulting in a commendable 109% growth this quarter. Channa Gunawardana, CEO of DPL and its subsidiary, stated,
“It was in 2021/22 that we achieved the best performance over the 37-year-old history of DPL, and it’s encouraging to see that we have sustained our performance in 2022/23. We will continue to push for export business, a timely need for Sri Lanka and continue to trust our loyal customer base in Sri Lanka.”