Sri Lanka's Haycarb, an activated carbon producer said profits rose 198 percent to 180.1 million rupees in the September quarter from a year earlier while revenues rose 14 percent to 2.55 billion rupees.
The profits included a 17.6 million rupee contribution from a group unit. The firm has interests in hotels where some assets were sold. Haycarb claims to be the world largest producer of activated carbon from coconut shell charcoal. Activated carbon is used in refining and purification.
It has plants in Sri Lanka, Thailand and Indonesia.
Managing director Ananda Hettiarachchy said in a statement that all factories were running at full capacity raw material were being imported, and local supplies were also improving.
Incorporated in 1973, Haycarb says it is the pioneer manufacturer of activated carbon in any coconut producing country.
The company has marketing offices in UK, Australia and USA and sells activated carbon in standard, washed, and impregnated carbons in granular, pellet and powder form.
Saturday, October 31, 2009
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