Wednesday, February 17, 2010


Watawala plantations one of Sri lanka's top plantation company reported an impressive nine months profits as at 31/12/2009, despite the 40% wage hike over the period.

High tea prices, Rubber prices & High Palm oil prices in the world market contributed for the improved bottom line of the company.

The company is in a position to continue with the profitability in future as well through out diversification strategy, encompassing multiple crops, value addition,brand building etc.

The net assets per share as at 31/12/2009 reported Rs 77.90 as against Rs 67.74 reported for the same period in 2008.

Watawala share traded at Rs 120, its peak level in its history  at Colombo Stock Exchange on 29/01/2010.

We strongly believe that these type of improved profits can  expect from the other plantation companies as well in future.