Central Industries geared to face the PE pipe demand
2023-08-14 10:52
Manufacturer and marketer for “National PVC”, a leading brand of PVC, and for the “Krypton” brand of electrical switches and sockets, Central Industries Chairman G.S.N. Peiris in the latest annual review of the company says that the company is fully geared to face the demand for PE pipes.
“In order to benefit from the expected growth in the construction sector, we have restructured our projects department” Peiris adds in his review.
Central Industries Chairman further highlights that the company also continuously engage in research and development not only to improve our products but also to derive savings in cost.
With regards the electrical segment, company hope to introduce the Big Rocker and low voltage switch gears in the third quarter of 2018. During the year under review the company had recorded a consolidated Profit Before Tax of Rs. 111.5 million compared to Rs. 201.3 million in the previous year while Profit After Tax was Rs. 83.3 million compared to Rs. 139 million in the previous year.