FINANCIAL CHRONICLE — Dipped Products PLC of Sri Lanka announced a profit attributable to its equity holders amounting to 1.23 billion rupees for the quarter ending June 30, 2026. This reflects a notable increase of 40.4 percent from the same period last year.

During this three-month period, the company reported basic earnings of 2.06 rupees per share, an improvement compared to the earnings of 1.47 rupees per share recorded in the corresponding quarter of 2025.

The group’s revenue for the quarter saw a rise of 12 percent, reaching 25.02 billion rupees, up from 22.27 billion rupees in the previous year. This growth was primarily driven by the hand protection division, which generated 17.26 billion rupees, alongside the plantations sector that contributed 7.80 billion rupees.

Operating results included segment profits of 1.25 billion rupees from the hand protection sector and 506.59 million rupees from plantations. Although finance costs climbed to 393.96 million rupees, the group experienced a substantial increase in finance income, which rose to 593.86 million rupees.

For the quarter, the group reported a net decrease in cash and cash equivalents of 1.16 billion rupees. This decline was largely attributed to investment activities, particularly the acquisition and construction of property, plant, and equipment, which amounted to 2.37 billion rupees.

As of June 30, 2026, total assets stood at 90.45 billion rupees. Management highlighted that the current results incorporated the post-amalgamation figures from D P L Premier Gloves Limited, which added 3.22 billion rupees to the total revenue for the period.

Shares of the company closed with a rise of 4.78 percent, finishing the day at 59.20 rupees. (Colombo/Aug 12/2026)