Activated Carbon Products

Haycarb Running High on Overseas Activated Carbon Plants Profitability.

Sri Lanka's Haycarb an activated carbon maker giant with an installed capacity of more then 22,000 tonnes of activated carbon has informed in a press release that because of recent price hike and increased sales and profitability in its overseas operations it is coping up well in present difficult situation.

As per their Managing Director ananda hettiarachahy their local sri lankan operations are in very bad shape and their groups net profit for the nine months ended on 31 dec-2008 has fallen sharply by 28 percent although the sales have grown by 12% to 3.4 billion rupees.

As per Mr.Ananda he is confident that their operations in Indonesia and Thailand will help the company to mitigate the losses incurred by high inflation and activated carbon and activated charcoal raw material shortages.

Haycarb is a big group and have its marketing offices in Australia,UK as well as in USA with products range of standard,washed and impregnated carbons in granular,pallet and also in powder form.

While deeply analyzing the nine month performance of Haycarb it shows the group has made a decent up move in net profit from 20 million rupee last year to 30 million rupee this year.Company has given all the credit of its better performance to its overseas operations which not only given higher sales but also higher price to its products as compare to local markets.

Company is facing acute shortages of activated carbon raw material at its sri lanka plants which is dragging its performance.High raw material prices at sri lanka has eroded its margin substantially but company has lowered its administration and finance costs sharply to mitigate the effect.

In results released to Colombo stock exchange , Haycarb reported significant decrease in total profit after tax by 20 % to 184 million rupees,it includes gains from discounted operations.However firm has also reminded that in the same period last year their was an extra ordinary item of 66 million rupees which was included in post tax profit.

The Haycarb group also informed that they have reduced their net finance costs by a whooping 71% to 23 millions rupees in the nine month reviewed.