10 Distilleries Company of Sri Lanka
D H S Jayawardena
Board of Directors
D H S JAYAWARDENA
1 R K OBEYESEKERE
2 C R JANZ
3 N DE S DEVA ADITYA
4 K J KAHANDA
5 C F FERNANDO
6 NAOMAL BALASURIYA
7 V J SENARATNE
Distilleries Company of Sri Lanka (DCSL) a consistent performer in the Business Today top corporate ranking, secures number ten this year.
DCSL continued to be the market leader in the alcohol and spirits industry in the country. In a slow economic environment, the company turnover increased marginally to post 29.96 billion rupees and net profits rose by 5 percent to stand at 2.81 billion rupees during the financial year.
Group's profits declined from 3.43 billion rupees to 2.15 billion rupees, a drop of 37 percent as a result of the loss in profits due to the Government take over of Sri Lanka Insurance Corporation. Furthermore the poor performance of Lanka Bell due to intensive and self destructive price based competition had contributed to the loss.
With the improved performance of the Colombo Stock Exchange and investor confidence increasing, DSCL shares increased from 65 rupees to 118 rupees and dividends increased from 2.25 to 2.50 rupees per share.