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Ceylon Cold Stores (CCS) Chairman Krishan N.J. Balendra [/caption]
Ceylon Cold Stores PLC (CCS ) has been able to achieve a Profit After Tax (PAT) of Rs. 2.3 billion for the financial year which ended by 31 March 2021 while Year-Over-Year (YoY) remained at a growth of 10%. It is because, in comparison, PAT for the year 2019 stood at Rs. 2.1 billion.
At the very commencement of the report, it says: “We believe in the power of resurgence; rising up against challenges to ensure continuous delivery of value, even amid a life changing-pandemic.”
Ceylon Cold Stores (CCS) Chairman Krishan N.J. Balendra said although the Gross Domestic Profit (GDP) in the Sri Lankan economy underwent a contraction of 3.6% in 2020, CCS could reach a growth while the Manufacturing Sector contributing the PAT in 80% and the Retail Sector which is the “Keells” chains of supermarkets accounted the rest of the 20%.
“We (the company) see significant growth potential in the Frozen Confectionery segment, given Sri Lanka’s relatively low per capita ice cream consumption compared to the global average,” Balendra further stated, implying that CCS does not cease to contribute in strengthening both the supply chain and in manufacturing in the said sector.
As every other consumer- oriented business, the company was “inevitably impacted” and heightened health and health risks of employees, disruptions to supply chains and supply channels, restrictions on imports, unprecedented surge in demand for the Keells online platform and impact on liquidity, financial performance and stability, the annual financial report further stated.
Thus, the company has taken measures such as implementing a bio bubble in the manufacturing plants to minimise the cross infection while facilitating office-based workers to work from strategy. Also, the company took immediate measures to upgrade the e-commerce platform by implementing a virtual queuing system and a quota system.
Krishan Balendra is the Director to the Board of CCS PLC since 1 January 2018 and was also appointed as Chairman the following year. He also holds the position of John Keells Holdings PLC and a Director of the Ceylon Chamber of Commerce and the Hon. Consul General of the Republic of Poland in Sri Lanka.
Ceylon Cold Stores is one of the oldest food and beverage manufacturing companies in Sri Lanka for the last 153 years. It is a giant beverage, carbonated soft drinks (CSD) and frozen confectionery company.
Ceylon Cold Stores (CCS) Chairman Krishan N.J. Balendra [/caption]
Ceylon Cold Stores PLC (CCS ) has been able to achieve a Profit After Tax (PAT) of Rs. 2.3 billion for the financial year which ended by 31 March 2021 while Year-Over-Year (YoY) remained at a growth of 10%. It is because, in comparison, PAT for the year 2019 stood at Rs. 2.1 billion.
At the very commencement of the report, it says: “We believe in the power of resurgence; rising up against challenges to ensure continuous delivery of value, even amid a life changing-pandemic.”
Ceylon Cold Stores (CCS) Chairman Krishan N.J. Balendra said although the Gross Domestic Profit (GDP) in the Sri Lankan economy underwent a contraction of 3.6% in 2020, CCS could reach a growth while the Manufacturing Sector contributing the PAT in 80% and the Retail Sector which is the “Keells” chains of supermarkets accounted the rest of the 20%.
“We (the company) see significant growth potential in the Frozen Confectionery segment, given Sri Lanka’s relatively low per capita ice cream consumption compared to the global average,” Balendra further stated, implying that CCS does not cease to contribute in strengthening both the supply chain and in manufacturing in the said sector.
As every other consumer- oriented business, the company was “inevitably impacted” and heightened health and health risks of employees, disruptions to supply chains and supply channels, restrictions on imports, unprecedented surge in demand for the Keells online platform and impact on liquidity, financial performance and stability, the annual financial report further stated.
Thus, the company has taken measures such as implementing a bio bubble in the manufacturing plants to minimise the cross infection while facilitating office-based workers to work from strategy. Also, the company took immediate measures to upgrade the e-commerce platform by implementing a virtual queuing system and a quota system.
Krishan Balendra is the Director to the Board of CCS PLC since 1 January 2018 and was also appointed as Chairman the following year. He also holds the position of John Keells Holdings PLC and a Director of the Ceylon Chamber of Commerce and the Hon. Consul General of the Republic of Poland in Sri Lanka.
Ceylon Cold Stores is one of the oldest food and beverage manufacturing companies in Sri Lanka for the last 153 years. It is a giant beverage, carbonated soft drinks (CSD) and frozen confectionery company.