Sri Lanka, Aug. 7 -- Piramal Glass Ceylon PLC has reported 1,585 million rupees revenue and 21 million rupees, profit after tax for the 1st quarter of FY 2019-20.
The quarter under review saw the completion of the capacity enhancement project, which was undertaken by the Company in F17. The company installed a new bottle production line increasing its total production lines from 5 to 6.
The production of the 1st quarter was negatively impacted, as two production lines had to be shut down for some period to facilitate the installation of the new production line. However, we are confident that this financial year would see the highest ever production at Piramal Glass Ceylon PLC.
This line has been installed mainly targeting the developed p...