BPPL strongly poised for next phase of expansion View(s):BPPL Holdings PLC, one of Southeast Asia’s largest brush manufacturers and Sri Lanka’s pioneer in recycled plastic products, said this week that it has recorded “impressive” improvements in all key financial indicators in the 2020-21 financial year, while strongly positioning the business for its next phase of expansion. A leader in sustainable business, BPPL which generates export earnings for the economy while addressing one of Sri Lanka’s critical issues in the form of plastic waste disposal, saw strong performances by its wholly-owned subsidiaries. Group Profit After Tax (PAT) and Profit Attributable to Shareholders increased by 23 percent YoY to Rs. BPPL also undertook a series of key strategic initiatives during the financial year, with the intention of propelling the group to its next phase of expansion, while further enhancing its sound business fundamentals. “While achieving sound growth in all key financial indicators by effectively navigating the significant challenges posed by the pandemic, we have also laid the foundation for the group’s next phase of expansion,” BPPL Holdings PLC Managing Director and Chief Executive Officer, Dr. Anush Amarasinghe said.

Source: Sunday Times September 12, 2021 00:33 UTC