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HomeBiz NewsJAT Posts Stellar Q2 – Doubles PBT and Commences Manufacturing in Bangladesh...

JAT Posts Stellar Q2 – Doubles PBT and Commences Manufacturing in Bangladesh…

  • Revenue rises by 40% (YTD)
  • PAT grows by 50% (YTD)
  • WHITE by JAT sees revenues expand by 840%
  • Incorporation of fully owned subsidiary to manufacture and cater to the Bangladesh market
  • Completion of enhancement of R&D facility with state-of-the-art equipment

Going from strength to strength, Sri Lanka’s market leader in wood coatings and multinational conglomerate, JAT Holdings PLC has posted exceptional financial performance for Q2 of FY 2022/23. During the Quarter, the Group also achieved a major milestone, delivering on its key IPO promise, by inaugurating its own end-to-end state-of-the art manufacturing facility in Bangladesh. Simultaneously, JAT Holdings PLC also recorded its highest-ever revenue for Q2 in history, doubling its profit before tax, compared with the corresponding period in the year prior. Accordingly, JAT Holdings PLC noted a YTD revenue growth of 40% during the period, concurrently managing to increase gross profit margins amidst the most challenging economic environment in its history, clearly demonstrating the Group’s strategic and fiscal prowess.

Gross Profit margins grew during the period under review amidst a deepening economic crisis, material scarcity in global markets and foreign exchange outflow restrictions. The Group’s strategy of purchasing raw materials in bulk and maintaining adequate stocks for at least 6 months at all times, allowed the enterprise to benefit from economies of scale, while JAT Holdings’ prudent and effective waste management efforts helped to improve productivity and efficiency. As a result, operating profit also recorded a healthy growth of 111% during the period under review, supported by cost management efforts, which helped manage input cost inflation and foreign exchange volatility. Profit Before Tax (PBT) and Profit After Tax (PAT) also sustained their recovery momentum, while showing sharp rises in the quarter under review, contrasted with the corresponding period in the previous year.

Commenting on the business momentum, CEO Nishal Ferdinando said, “Supported by our new manufacturing facility in Bangladesh and expert manoeuvring in the Sri Lankan market amidst the toughest business environment we have endured to date, we are pleased to present rock solid financial performance to our investors, and exceptional value to all other stakeholders. Leveraging our excellent relationships with suppliers, we have secured raw materials and shored up our stocks to be able to meet upcoming seasonal demand. The capital raised at the IPO has enabled us to keep borrowing costs to a minimum amidst a tighter monetary environment, which has delivered a positive boost to our bottom line. We intend to move forward with the present momentum and continue to deliver exceptional performance during the remainder of FY 2022/23.”

The Group’s WHITE by JAT range of brilliant white paints grew rapidly, driven by a unique hybrid marketing strategy. Commencement of manufacturing in Bangladesh, coupled with the opening of JAT Holdings PLC’s R&D Centre, another fulfilment of an IPO pledge, helped to drive business momentum during the quarter

Discussing the Group’s strategy and future plans, Founder and Managing Director Aelian Gunawardene added, “Just over a year on from our IPO, I’m pleased to communicate to investors that we have fulfilled the pledges made in our prospectus. We have completed and commissioned our ultramodern end-to-end manufacturing and warehousing facility in Bangladesh, located strategically in close proximity to seaports and our key markets in that country, Dhaka and Chittagong. Our Research and Development Centre is now operational, staffed by teams of experts who will help us to engineer better, cleaner and more efficient products in the future. I am also very pleased to state that the Group as a whole has come together to look after our people amidst the present crises, providing relief allowances and other benefits to help cushion the blow. We are excited about the future and look forward to growing and defending our position as Sri Lanka’s market leader for wood coatings and an emerging giant in the region.”

Since its founding in 1993, JAT Holdings has established itself as a market leader in Sri Lanka for wood coatings and as one of the country’s most promising conglomerates. This is further attested to by accolades such as being ranked amongst Sri Lanka’s ‘Top 100 Most Respected Companies’ by LMD for four years consecutively and also ranking among the ‘Top 20 Conglomerate Brands’ by Brand Finance.

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    Dein Schlafverhalten jedoch hat Einfluss auf dein Haarwachstum und somit
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    Außerdem sind vor allem zu wenig Sport und Bewegung absolute Lustkiller, denn wer sich
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    Ein Arztbesuch ist dann sinnvoll, wenn sich die Spermamenge abrupt verringert.

    Auch bei einem vermuteten Testosteronmangel kann dir der Urologe helfen, indem er deine Blutwerte
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    Sollte die Spermamenge plötzlich stark verringert sein, dann kann das auf Probleme mit der Prostata hinweisen. Das einzige,
    was hier hilft, ist eine schnelle Ejakulation mit anschließendem Kühlen. Nicht nur die Gesundheit leidet unter Alkohol, Rauchen und Drogen, sondern auch die Spermamenge.
    Auch mehrere Wochen mit three,5 g Protein pro Kg Körpergewicht hatten keine Auswirkung auf mein Ejakulationsvolumen.
    Es ist wahrscheinlich keine Überraschung,
    dass übermäßiger Alkohol- oder Drogenkonsum, sei es medizinisch oder als Freizeitbeschäftigung, auch den Testosteronspiegel senken kann.
    Wenn Sie eine gesunde Testosteronfunktion und normale Werte haben, ist es unklar, ob Sie
    von diesen Ergänzungen viel profitieren werden.
    Es ist ein köstliches Kraut, das auch verschiedene
    andere gesundheitliche Vorteile bietet. Eine Langzeitstudie beobachtete, dass diejenigen, die nur
    vier Stunden pro Nacht schliefen, grenzwertige Mangelwerte hatten. Es kann auch große Auswirkungen auf Ihren Testosteronspiegel haben.

  4. You should buy Testosterone Cypionate by NovoPharm with Canada-wide shipping.
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    In the following section we will look at its benefits and why plenty
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    These days id both be really hungry, or they stopped being a low day.

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    body.
    To view it, please log in to confirm your age.By continuing, you additionally agree that use of this web site constitutes acceptance of Reddit’s User
    Agreement and acknowledgement of our Privateness Policy.
    While a Check E and Deca cycle can produce glorious results, it’s essential to
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    Testosterone Enanthate is considered one of the most commonly used types of testosterone for both therapeutic and performance-enhancing
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    Essential advice includes regularly checking your well being to
    make sure safety. The purpose is to use steroids safely to get the most effective outcomes without risking your well being.

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