Retail
Subscription
to Advertise
  • ISSUES
    • 1996 to 1999
      • 1996
        • May 1996
        • June 1996
        • July 1996
        • August 1996
        • September 1996
        • October 1996
        • November 1996
        • December 1996
      • 1997
    • 2000 to 2009
      • 2006
        • January 2006
        • February 2006
        • March 2006
        • April 2006
        • May 2006
        • June 2006
        • July 2006
        • August 2006
        • September 2006
        • October 2006
        • November 2006
        • December 2006
      • 2007
        • March 2007
        • April 2007
        • May 2007
        • July 2007
        • August 2007
        • September 2007
        • November 2007
        • December 2007
      • 2008
        • January 2008
        • February 2008
        • March 2008
        • April 2008
        • May 2008
        • June 2008
        • July 2008
        • August 2008
        • September 2008
        • October 2008
        • November 2008
        • December 2008
      • 2009
        • January 2009
        • February 2009
        • March 2009
        • April 2009
        • May 2009
        • June 2009
        • June 2009
        • July 2009
        • August 2009
        • September 2009
        • October 2009
        • November 2009
        • December 2009
    • 2010 to 2019
      • 2010
        • January 2010
        • February 2010
        • March 2010
        • April 2010
        • May 2010
        • June 2010
        • July 2010
        • August 2010
        • December 2010
      • 2011
        • January 2011
        • February 2011
        • March 2011
        • April 2011
        • May 2011
        • June 2011
        • July 2011
        • August 2011
        • September 2011
        • October 2011
        • November 2011
        • December 2011
      • 2012
        • January 2012
        • February 2012
        • March 2012
        • April 2012
        • May 2012
        • June 2012
        • July 2012
        • August 2012
        • September 2012
        • October 2012
        • November 2012
        • December 2012
      • 2013
        • January 2013
        • February 2013
        • March 2013
        • April 2013
        • May 2013
        • June 2013
        • July 2013
        • August 2013
        • September 2013
        • November 2013
        • December 2013
      • 2014
        • January 2014
        • February 2014
        • March 2014
        • April 2014
        • May 2014
        • June 2014
        • July 2014
        • August 2014
        • September 2014
        • October 2014
        • November 2014
        • December 2014
      • 2015
        • January 2015
        • February 2015
        • March 2015
        • April 2015
        • May 2015
        • June 2015
        • July 2015
        • August 2015
        • September 2015
        • October 2015
        • November 2015
        • December 2015
      • 2016
        • January 2016
        • February 2016
        • March 2016
        • April 2016
        • May 2016
        • June 2016
        • July 2016
        • August 2016
        • October 2016
        • November 2016
        • December 2016
      • 2017
        • January 2017
        • February 2017
        • March 2017
        • April 2017
        • May 2017
        • June 2017
        • July 2017
        • August 2017
        • September 2017
        • October 2017
        • November 2017
        • December 2017
      • 2018
        • January 2018
        • February 2018
        • March 2018
        • April 2018
        • May 2018
        • June 2018
        • July 2018
        • August 2018
        • September 2018
        • October 2018
        • November 2018
        • December 2018
      • 2019
        • January 2019
        • February 2019
        • March 2019
        • April 2019
        • May 2019
        • June 2019
        • July 2019
        • August 2019
        • September 2019
        • October 2019
        • November 2019
        • December 2019
    • 2020 to 2023
      • 2020
        • January 2020
        • February 2020
        • March 2020
        • April 2020
        • May 2020
        • June 2020
        • July 2020
        • August 2020
        • September 2020
        • October 2020
        • November 2020
        • December 2020
      • 2021
        • January 2021
        • February 2021
        • March 2021
        • April 2021
        • May 2021
        • June 2021
        • July 2021
        • August 2021
        • September 2021
        • October 2021
        • November 2021
        • December 2021
      • 2022
        • January 2022
        • June 2022
        • February 2022
        • July 2022
        • March 2022
        • April 2022
        • August 2022
        • May 2022
        • December 2022
      • 2023
        • January 2023
        • February 2023
        • March 2023
        • July 2023
        • April 2023
        • May 2023
        • June 2023
  • FOR DIGITAL SUBSCRIPTION
  • BT AWARDS
    • BT Top 40
      • BT Top 40 2021 – 2022
    • BT Top 30
      • BT Top 30 2018 – 2019
    • BT Top 25
      • BT Top 25 2011 – 2012
      • BT Top 25 2012 – 2013
      • BT Top 25 2013 – 2014
    • BT Top 20
      • BT Top 20 2009 – 2010
      • BT Top 20 2010 – 2011
    • BT Top 10
      • BT Top 10 2008 – 2009
      • BT Top 10 2007 – 2008
      • BT Top 10 2006 – 2007
      • BT Top 10 2005 – 2006
      • BT Top 10 2003 – 2004
      • BT Top 10 2000 – 2001
      • BT Top 10 1999 – 2000
      • BT Top 10 1998 – 1999
      • BT Top 10 1997 – 1998
      • BT Top 10 1996 – 1997
      • BT Top 10 1995 – 1996
  • ABOUT US
No Result
View All Result
Business Today
No Result
View All Result

4. Carson Cumberbatch

in December 2021, Featured
0

The Group delivered a resilient performance for the financial year 2020/21 under challenging business and economic conditions, disrupted primarily due to the global COVID-19 crisis and its repercussions.


Robust performance and strategy-led growth

Ranked in the fourth place, Carson Cumberbatch, driven by the strategic foresight and hallmark leadership of the Hari and Mano Selvanathan, experienced a monumental year of a remarkable financial performance.

The Group’s performance stands as a shining testament of steadfast resilience and strategic efforts, which drove the Group to achieve an impressive top-line of Rs.114.8 billion with underlying growth of 8%. The Group earned a significant profit before tax of Rs.14.3 billion. The core profit before tax, excluding the effects of fair value movements and currency gains, stood at Rs.9.97 billion; an extremely noteworthy achievement in comparison to the Rs.2.91 billion of the corresponding year, after comparable adjustments. 

Balancing success alongside diverse challenges

Amidst a challenging environment, the Beverage sector expanded its export sales volumes by 15% YoY during the year while the consequent export revenues grew by 23% YoY. On the international front, significant volatility across global crude palm oil prices was observed during the year, with a steep rise in the monthly spot prices of Crude Palm Oil (CPO) in Bursa Malaysia. Industry factors such as weather-related supply constraints on soya-bean oil, improved demand after the first wave of lockdowns, Indonesia’s B30 biodiesel purchasing program, La Niña weather impact on the plantation operations, and the recovery of crude oil prices collectively contributed towards this CPO price increase.

The Oil

The palm Plantations sector astoundingly recorded its highest ever crop by producing 1.3 Mn Metric Tonnes of Fresh Fruit Bunches, selling over 318,500 Metric Tonnes of CPO volumes despite a reduction in external crop purchases during the first half of the year. On a more positive note, the sector notably reduced its net finance expenses by 35.3% YoY in rupee terms in the year under review. During the year, the sector’s margarine production plant continued to consolidate its production plans by improving its client base with its joint venture partner J-Oil INC.

Sustainability to the forefront

During 2020, the sustainability efforts of the plantations sector were applauded internationally in the Sustainability Policy Transparency Toolkit assessment, where Goodhope was ranked 17th place out of 100 palm oil companies. Goodhope allocated a total of USD 321,016 during the 2020/21 for environmental monitoring, conservation management, and landscape programs as part of the Company’s natural resource conservation initiatives.

The power of preparedness 

The power of preparedness is invaluable when navigating uncertainties and unexpected challenges arising from highly volatile business environments.

During these tempestuous times, the Carson Cumberbatch Group’s proactive as well as decisively executed business strategies across its diverse business segments enabled the leveraging on unshakable foundations, a strong balance sheet, and the main strength of the Group’s loyal employee base.

Board of Directors

Tilak De Zoysa

Chairman

Hari Selvanathan

Deputy Chairman

Mano Selvanathan

Chandima Gunawardena

Suresh Shah

(Retired w.e.f 30/6/2021)

Rajendra Theagarajah

Ravi Dias

Saktha Amaratunga

Sharada Selvanathan

M. M. Murugappan

Yew Huat Ong

(Appointed w.e.f 1/1/2021)

Vijaya Malalasekera

(Resigned w.e.f 31/12/2020)

Faiz Mohideen

(Resigned w.e.f 31/12/2020)

Krishna Selvanathan

(Alternate Director to M Selvanathan)

Sudarshan Selvanathan

(Alternate Director to 
D. C.R. Gunawardena)

Business Today August 2023

Business Today September 2023

  • Privacy Policy
  • Terms & Conditions

© 2023 BT Options. All Rights Reserved

No Result
View All Result
  • ISSUES
    • 1996 to 1999
      • 1996
      • 1997
    • 2000 to 2009
      • 2006
      • 2007
      • 2008
      • 2009
    • 2010 to 2019
      • 2010
      • 2011
      • 2012
      • 2013
      • 2014
      • 2015
      • 2016
      • 2017
      • 2018
      • 2019
    • 2020 to 2023
      • 2020
      • 2021
      • 2022
      • 2023
  • FOR DIGITAL SUBSCRIPTION
  • BT AWARDS
    • BT Top 40
      • BT Top 40 2021 – 2022
    • BT Top 30
      • BT Top 30 2018 – 2019
    • BT Top 25
      • BT Top 25 2011 – 2012
      • BT Top 25 2012 – 2013
      • BT Top 25 2013 – 2014
    • BT Top 20
      • BT Top 20 2009 – 2010
      • BT Top 20 2010 – 2011
    • BT Top 10
      • BT Top 10 2008 – 2009
      • BT Top 10 2007 – 2008
      • BT Top 10 2006 – 2007
      • BT Top 10 2005 – 2006
      • BT Top 10 2003 – 2004
      • BT Top 10 2000 – 2001
      • BT Top 10 1999 – 2000
      • BT Top 10 1998 – 1999
      • BT Top 10 1997 – 1998
      • BT Top 10 1996 – 1997
      • BT Top 10 1995 – 1996
  • ABOUT US

© 2023 BT Options. All Rights Reserved