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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Is it time to go behind tea stocks?

Is it time to go behind tea stocks?

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21Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Wed Jun 24, 2015 12:11 pm

gayanath


Manager - Equity Analytics
Manager - Equity Analytics
TPL best hidden gem...

22Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Wed Jun 24, 2015 12:24 pm

soileconomy


Vice President - Equity Analytics
Vice President - Equity Analytics
[quote="nimantha80"]yesterday heard a news that workers demanding 1000 per
That is the most worrying factor in the industry and it is highly connected to politics.Employers are in the view of productivity should be link to the work output.if so then good for the industry

23Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Wed Jun 24, 2015 12:36 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@soileconomy wrote:
@nimantha80 wrote:yesterday heard a news that workers demanding 1000 per
That is the most worrying factor in the industry and it is highly connected to politics.Employers are in the view of productivity should be link to the work output.if so then good for the industry
their demands are backed by politicians like digambaram  who can make political changes.So demands can't be ignored.

24Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Wed Jun 24, 2015 3:16 pm

samaritan


Moderator
Moderator
@nimantha80 wrote:
@soileconomy wrote:
@nimantha80 wrote:yesterday heard a news that workers demanding 1000 per
That is the most worrying factor in the industry and it is highly connected to politics.Employers are in the view of productivity should be link to the work output.if so then good for the industry
their demands are backed by politicians like digambaram  who can make political changes.So demands can't be ignored.

Two key Ministry portfolios to Thonda & Diga problem solved! These are known as quick fix.

25Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Thu Jun 25, 2015 11:50 am

VALUEPICK


Expert
Expert
I believe sometimes there may be splits in plantations stocks such as NAMU, KGAL and MPRH. In the past we saw hardly any liquidity in stocks such as WATA and SUN before their splits. I also  believe just like Kenyan auction tea prices we should see improved auction prices for Indian and Sri-Lankan tea as well. As I said before tea prices cannot stay below the cost of production for a long period.  If that happen, remaining tea producers also will stop their tea business and there will be severe shortage in tea globally. 

26Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Thu Jun 25, 2015 12:19 pm

peacockman


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Dear Valuepick,
Could you suggest which shares of Tea Sector may rise up?

27Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Thu Jun 25, 2015 3:38 pm

VALUEPICK

VALUEPICK
Expert
Expert
Dear Peacockman
 
Some industries are cyclical. Some are not cyclical. It is wise to keep stocks in both types of cyclicals to get benefit from different types of cyclicals. Those days MASK was top price mover in the tea sector. WATA outperformed all others in good and bad times in one period. Later KOTA, NAMU, KVAL and KGAL took leading positions in the plantation sector mainly due to higher rubber prices then. Have a comparison in this sector. Then you can find stocks which can have more value. I believe both TPL and MPRH could have more upside potential due to attractive value when compare with other stocks.  Both TPL and MPRH (Management Company of Bagawantalawa plantations) have some of the best high quality tea in the world and they should get premium prices for their tea in the future.
 
We have to do more study. It is time to follow tea prices closely. We should see recovery in tea prices in this year. In Kenya, tea prices bottomed out in the later part of 2014 and now they are getting attractive tea prices. I believe this trend should follow in Indian and Sri-Lanka market as well. Up to May there is 11% drop in global tea output. Inventory level should go down towards end of this year and in 2016. There could be some   weather issues in tea growing areas in Kenya and India. Finally still we haven’t seen the longest bull market for tea. The USA should drive the tea prices in the coming decade. Starbucks will do revolution in tea in the coming decade. There will be day for tea. It is an emerging commodity in the world. Have some study. Don’t buy and sell stocks without any valid reasons. It is better to buy stocks in pullback unless they are in very bullish mood which can break their all time high again and again. Finally all tea stocks will go up when we see higher tea prices. Before buying tea stocks have  a study on the cost of production and future trends in the global tea market. On valuation some tea stocks are attractive.
 

Good luck!

28Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Fri Jun 26, 2015 8:35 am

peacockman


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@VALUEPICK wrote:Dear Peacockman
 
........ Don’t buy and sell stocks without any valid reasons. It is better to buy stocks in pullback unless they are in very bullish mood which can break their all time high again and again. Finally all tea stocks will go up when we see higher tea prices. Before buying tea stocks have  a study on the cost of production and future trends in the global tea market. On valuation some tea stocks are attractive.
 

Good luck!
Thanks a lot Dear V.P for your valuable advice! I'll follow your advice!

29Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Fri Jun 26, 2015 9:50 am

hettdas

hettdas
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
If tea prices up BIL & FLCH also have a good future ahead.

30Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Thu Jul 02, 2015 4:30 pm

VALUEPICK

VALUEPICK
Expert
Expert
It is time to study accumulation pattern of tea stocks including tea prices chart in the coming weeks and months.

31Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Fri Jul 03, 2015 1:04 pm

VALUEPICK

VALUEPICK
Expert
Expert
According to the following link Indian tea production is going hit from heavy rain in Assam and Bengal. Global tea output and inventory should go down further in 2015/16. This also will lead to higher tea prices.
 
http://articles.economictimes.indiatimes.com/2015-06-26/news/63862630_1_tea-production-orthodox-tea-sujit-patra
 
Tea production in Bengal and Assam hit by heavy rain; June production may decline 20-25 per cent

32Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Sun Jul 05, 2015 4:17 am

VALUEPICK

VALUEPICK
Expert
Expert
Just like it happened in Kenya Will this be turnaround for tea industry and tea prices in Sri-Lanka?

Is it time to go behind tea stocks? - Page 2 Z_p-43-Tea
There is a good demand for high grown tea now.  Even demand for CTC tea is also increasing. Indian Assam and Bengal tea output will hit in June as well due to heavy rain. May tea output in Sri-Lanoka is also down by around 17% compare with corresponding last year.  Kenya is moving into dry season and global crop production and inventory level will go down further. Therefore, global short supply will increase further.
 
Two Tea quality tea seasons to watch in Sri-Lanka
 
UVA quality Season
Western quality Season
 
Currently one kg of tea is trading below the average prices of Rs.400 and below the cost of production.
 
Key tea average prices to watch.
 
Rs.400
Rs.450
Rs.500

33Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Thu Jul 16, 2015 4:49 pm

VALUEPICK

VALUEPICK
Expert
Expert
In the remaining stages of bull market there will be demand for food and hot beverages stocks as well. There will be more demands for defensive stocks in the second half of the current bull market especially in the final stage and thereafter.  
 
http://www.tea.keells.lk/marketreport.htm
 
COMMENTS
 
An accord on Iran’s nuclear development has reportedly been reached at talks in Vienna. “We sealed a deal,” an Iranian diplomat declared, as negotiators from six world powers prepared for a final meeting early this week. The historic agreement will see Tehran reduce its nuclear centrifuges and submit to U.N. inspections in return for a gradual lifting of Western sanctions. But first the deal must be approved as it will face stiff opposition in the U.S. Congress. This is certainly good news for the uneasy Sri Lankan Tea Industry. The lifting of sanctions should once again allow free trade between Iran and Sri Lanka.   
 
Ex-Estate offerings totaled a 1.2 M/Kgs. High and Medium Grown teas witnessed a buoyant market with the BOPF grade appreciating in value for yet another week. Overall quality of teas on offer showed no significant change. However, there was better demand and prices often appreciated in most instances. Best Western BOP’s were irregular, whilst the corresponding BOPF’s gained following quality. In the below best category a selection of clean leaf coloury BOP’s gained, whist the others together with the plainer sorts were mostly sold around last week’s levels. Corresponding BOPF’s appreciated particularly for the clean leaf types. Nuwara Eliya BOP/BOPF’s remained unsold, except for a few brighter invoices. The Uva/Udapussellawa BOP/BOPF’s gained. High and Medium Grown CTC teas witnessed a firm to dearer trend. Low Grown BP1s declined whilst the corresponding PF1s gained substantially. The limited selection of liquoring leafy teas met with poor demand.
 
The 3.5 Mkgs of Low Growns that were on offer this week, met with less demand, particularly for the leafy varieties.  In the Leafy category,  bold Pekoes declined Rs.10/- to Rs.20/-, whilst the OPAs too met with a lower market.   Select best BOP1/OP1s were mainly firm, but  others  declined. In the Small category,   there was improved demand for the better FBOP/FBOPF1s with prices moving up a few rupees, however, the below best and poorer sorts eased. Tippy varieties too declined, at times sharply.There was less interest from the Middle East, whilst Russian buyers were fairly active. 
Western Teas

Select best BOPs advanced Rs.10/-, other good invoices were irregular, below best sorts were firm, plainer varieties were firm to easier. Select best BOPFs advanced Rs.30/- to Rs.40/-, other good invoices gained Rs.20/-, below best and plainer sorts advanced Rs.10/- to Rs.20/- on average. Medium BOPs advanced Rs.10/- to Rs.20/-. BOPFs gained Rs.20/- to Rs.30/-.
 
Nuwera Eliya Teas
 
A few bright BOPs advanced following quality, most others remained unsold. BOPFs were easier.
 
Uva Teas
 
Coloury BOPs were firm, others declined Rs.20/-. BOPFs advanced Rs.20/- to Rs.30/- on average. Uda Pussellawa BOPs were irregular. BOPFs advanced Rs.20/- to  Rs.30/-.
 
CTC Teas
 
Low Grown CTC PF1s advanced Rs.40/- to Rs.50/- and more as the sale progressed. BP1s were firm. High & Medium PF1s advanced Rs.20/-. BP1s gained Rs.10/- to Rs.20/-
 
Low Growns
 
Fair demand at lower levels. Select best OP1s shed Rs.10/- on average, whilst balanced too tended lower by Rs.10/- to Rs.15/-. Select best BOP1s were steady, best types gained Rs.5/- to Rs.10/-, below best and poorer sorts were mainly firm. Select best OPs declined Rs.20/- to Rs.30/-, best types too tended lower by Rs.10/- to Rs.15/-, below best and poorer sorts were irregularly lower. Select best along with best OPAs maintained last levels, below best and poorer sorts were firm. Select best Pekoe/Pekoe1s shed Rs.10/- to Rs.20/-, best types too tended lower by a similar margin, below best and poorer sorts were irregularly lower by Rs.10/- to Rs.15/-. Irregular demand. Select best and best BOPs were firm, below best and poorer sorts however were irregular to last. Select best BOPSPs maintained last levels however best types, below best and poorer sorts shed Rs.10/- on last levels. Select best and best FBOPs maintained, however below best and bolder types were lower by Rs.10/- to Rs.20/-, whilst poorer types eased by a similar margin. Select best FBOPF1s were firm, best  and below best types eased Rs.10/- to Rs.15/-  , poorer sorts too were lower by Rs.10/- to Rs.20/-Select best and best Tippy varieties declined several Rupees to last, whilst at times remained difficult of sale due to less demand, below best and poorer types too eased on last levels.
 
OFF grades
 
Select best liquoring Fngs1s held firm, best and below best types appreciated Rs.10/- to Rs.15/-. Select best BMs sold at last levels, best, below best and poorer sorts declined Rs.10/- to Rs.15/- All BPs were firm.Select best and best BOP1As declined Rs.10/- to Rs.20/-, whilst poorer sorts were firm.
 
Dust

Select best Dust1s were firm to last, however best and below best Dust1s met with lower demand with a decline Rs.10/- to Rs.15/- compared to previous week. Low Grown PDusts further depreciated Rs.20/- to Rs.40/-, whilst the balance were irregular in the range of Rs.15/- to Rs.20/-. Best Low Grown Dust/Dust1s were dearer to last by Rs.5/- to Rs.10/-, whilst below best types declined by Rs.10/- to Rs.15/-.
 
 
 

34Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Thu Jul 23, 2015 2:18 pm

VALUEPICK

VALUEPICK
Expert
Expert
Colombo Auction averages
 
Finally some good news for western high grown tea
 
In LKR
 
Sale of 08/07/15  403.30
Sale of 15/07/15  415.56
Corres. 2014        403.84
 
It is time to study tea prices passing above the cost of production especially above Rs.430. Rs.450 and Rs.500 to become bullish on tea stocks.

35Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Thu Jul 23, 2015 4:18 pm

TraderCSE


Manager - Equity Analytics
Manager - Equity Analytics
@VALUEPICK wrote:Colombo Auction averages
 
Finally some good news for western high grown tea
 
In LKR
 
Sale of 08/07/15  403.30
Sale of 15/07/15  415.56
Corres. 2014        403.84
 
It is time to study tea prices passing above the cost of production especially above Rs.430. Rs.450 and Rs.500 to become bullish on tea stocks.

Thanks Expert. We are waiting for this big moment. It is better not only for the plantation stocks in CSE but also the whole country.

36Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Thu Jul 23, 2015 7:16 pm

TraderCSE


Manager - Equity Analytics
Manager - Equity Analytics
Below is the negative impact shown by AdaDerana.
http://www.adaderana.lk/bizenglish/repeated-blows-on-sri-lankas-tea-industry-future-in-the-dark/
Sri Lanka’s tea exports have faced massive setbacks due to the crisis situations in Russia and the Middle East.
After declining for eight consecutive months, during May 2015 Sri Lanka’s tea exports have fallen by 12.1 per cent as compared to May 2014 reveals the latest data released by the Central Bank of Sri Lanka.
Compared to May 2014, Sri Lanka’s tea exports to Russia and the Middle East during May 2015 have declined by 19.2 per cent and 9.7 per cent respectively.
While Russia’s economic crisis has badly hit Sri Lanka’s low grown tea industry, the producers say low grown tea prices have drastically dropped due to these reasons.
During the previous month alone the Russian Ruble depreciated by around 30 per cent as against the US dollar, while the international rating agency Standard & Poors has said there are more likelihoods of the Ruble further depreciating in the future.
Sri Lanka exports some 300 metric tonnes of tea annually and around 200 million tonnes are low grown tea.
Russia annually buys around 40 million tonnes of Sri Lanka’s low grown tea and is the most prominent country to do so. This amount has fallen due to Russia’s economic crisis.

37Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Sat Jul 25, 2015 9:18 am

VALUEPICK

VALUEPICK
Expert
Expert
Thank you for the link.
 
Definitely, Iran and the USA factors are going to benefit tea industry in Sri-Lanka in the coming quarters and years. They will be two countries that will create more demand for high quality tea in Sri-Lanka.
 
After falling Tea auction averages below Rs.400, now it is trading around Rs.400/. Currently there is demand for high grown tea. One positive factor for high grown tea is during last two auctions their tea prices have improved when comparing with corresponding last year. We are going to have two quality seasons namely UVA season and Western high grown seasons in the coming months and quarters.  As we are seeing recovery and attractive tea prices in Kenya we should see in Sri-Lanka as well. We will wait and see.
 
Tea companies’ more exposure to high grown tea such as TPL, MPRH, BOPL, and MASK, should be benefit lot in the event of higher prices for high grown tea. If we see higher tea prices for UVA tea, MADU and NAMU should benefit more. UDPL and HAPU are also could have some upside potential in a favourable industry environment.
 
Finally on valuation tea stocks also should go up in this bull market especially during remaining stages of bull market when market players try to create demand for defensive stocks such as food related stocks.
 
This bull market has more legs and more legs for all types of stocks. In bull market stocks will go up due to so many reasons including due to following reasons.
 
Strong market condition create demand for many stocks
There will be demand for stocks according to the stage of market in bull markets
Stocks will go up due to value and growth
There are investors that they will buy out of favour stocks as well
There are also investors and traders buy stocks on speculation
There are momentum players in the market
Then there are some market players they will add attractive illiquid stocks which can have higher liquidity in bull market later.
Finally there are attractive stocks having great value, momentum, higher ROE and having strong industry outlook. These are the ones to watch very closely in bull markets as they will break their 52 week high again and again. They will become super winners. We should find at least one super stock to recover losses we made in the past.  
 
 http://www.bangkokpost.com/news/asia/623552/sri-lanka-cuppa-cheers-end-of-iran-sanctions
 
Sri Lanka's cuppa cheers end of Iran sanctions
 
http://nation.lk/online/2015/07/25/tea-exporters-seek-clarity-on-iran/

 Tea exporters seek clarity on Iran

38Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Mon Aug 03, 2015 11:45 am

VALUEPICK

VALUEPICK
Expert
Expert
Will there be some opportunities in undervalued tea stocks in this bull market despite short term earning issues?
 
What are the best undervalued stocks in the plantation sector?

39Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Mon Aug 03, 2015 12:24 pm

peacockman


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@VALUEPICK wrote:Will there be some opportunities in undervalued tea stocks in this bull market despite short term earning issues?
 
What are the best undervalued stocks in the plantation sector?

             Now :  1 Year back    2 Year bk       AT.High   Vol
TSML     36.0     54.8                 50.00             300.00     30 mill
CTBL       5.0       5.4                  4.30                 9.70   110 mil
HAPU    30.8      42.5                32.00               90.00     46 mil  
UDPL    30.5      53.0                30.00               66.00     19 mill

40Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Mon Aug 03, 2015 12:29 pm

VALUEPICK

VALUEPICK
Expert
Expert
Thanks. It is also  time to study and identify out of favor winning stocks before their momentum in this bull market.

41Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Mon Aug 03, 2015 12:42 pm

anjelo

anjelo
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
ya sudden interests in stocks like HVA might have a hidden reason. this quarter statement also not out yet.maybe good recovery and positives.

42Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Mon Aug 03, 2015 12:45 pm

anjelo

anjelo
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
http://www.indexmundi.com/commodities/?commodity=tea&months=12

43Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Sat Aug 15, 2015 5:54 am

VALUEPICK

VALUEPICK
Expert
Expert
Despite lower tea prices companies such as TPL, MPRH, BOPL, and WATA were able to make profits in this quarter. MPRH has made surprise attractive earnings when compare with other plantation companies. Some other companies were able to reduce their losses.

44Is it time to go behind tea stocks? - Page 2 Empty Re: Is it time to go behind tea stocks? Sat Aug 15, 2015 6:10 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@VALUEPICK wrote:
Despite lower tea prices companies such as TPL, MPRH, BOPL, and WATA were able to make profits in this quarter. MPRH has made surprise attractive earnings when compare with other plantation companies. Some other companies were able to reduce their losses.
You missed the company which is still running in profit
EPS .71 X 4=2.82
NAV =44
Price is early 20
cherry cherry cherry

dmjesua


Senior Equity Analytic
Senior Equity Analytic
Aug 13, 2015 (LBO) – Sri Lanka’s Tea exporter, Dilmah says tea exporters who create various brand names at very cheap price levels in the global market are to be blamed on the lesser demand for “Ceylon Tea”.

However, the importance of Russia and other CIS countries to Ceylon tea continues, though on reduced volumes of bulk tea and value added exports, Chairman of Dilmah, Merrill J Fernando said.

“This trend is likely to continue,” Fernando told shareholders in Tea bag exporter Ceylon Tea Services Ltd annual report.

“As I pointed out in several of my previous reports, this misfortune is our exporters own creation; developing importers’ own brand names at very cheap price levels which are extremely harmful to long-term interests of our tea industry,”

“My warnings, sounded year after year, on this pending danger were not heeded by tea interests or by the government,”

“Now, we have begun to pay the penalty for this neglect resulting in far less demand for bulk tea resulting in lower prices and negligible demand for value added tea from the very sources that benefited from our exporters’ generosity towards establishing their own brand names at low cost,”

“Those brand names now purchase cheaper tea from other sources such as Vietnam, Indonesia, China, causing serious harm to the quality and image of Ceylon tea by supplying under the same brand names and labeling cheap blends as “CEYLON TEA”.”

Fernando says these exporters inflict even greater harm by re exporting their “CEYLON TEA” to other countries at price levels which are 40 percent to 50 percent below the genuine Ceylon Tea exported from Sri Lanka.

“Such are the rewards reaped by our exporters, who helped build Russian brand names at the expense of our own Ceylon Tea!,”

“All exporters, as well as Ceylon tea, are paying the penalty for the folly of a few tea traders,”
“Government and semi government bodies as well as private sector institutions watch helplessly while our most valuable industry is destroyed.”

Sri Lanka’s Tea exports, which were severely affected by the lower demand from Russia and the Middle East, declined for the eight consecutive month in May 2015, recording a drop of 12.1 per cent in May 2015.

Official data shows Sri Lanka exported 123.6 million US dollar worth tea in May 2015 compared to the 140.6 million US dollar tea exports in the same month last year.

Tea exports to Russia and the Middle East declined by 19.2 per cent and 9.7 per cent, respectively, during May 2015 compared to the corresponding month of 2014.

Fernando says the company hopes to seek government cooperation and understanding of the need to extend assistance to everyone’s entrepreneurial efforts and protection from abuse of the industry and the trade.

“Unless such government cooperation is forthcoming, there is little hope for rescuing the trade from the deep pit it has fallen into,” Fernando told shareholders.

“I sincerely hope the new government, we elect in August, will realize the desperate need to salvage Ceylon tea from the deep pit it has been driven into by exploitation, not only by foreign traders but also by our own traders, our own producers and by our own governments too,”

“Your company is making serious, very costly inroads into new markets to enhance the image of Ceylon Tea which remains tarnished by activities of unscrupulous traders.”

Fernando added that the Government should completely review the lease extensions of Regional Plantation Companies as “Several estates have been leased out at high rates, completely disproportionate to the lease rentals paid to government by RPCs.”

He says the plantations require complete restructuring today following successive governments’ failure to monitor their progress although tools for doing so are in place.

“As a result, while some regional plantation companies have done well by investing in the development of their properties, others have ruthlessly exploited theirs,” Fernando said.

“Lease extensions to RPCs should be reviewed, based on performance and on specific terms and conditions which should be monitored by a very experienced, competent management body formed from the private sector.”

Tea bag exporter Ceylon Tea Services Ltd., part of the Dilmah brand group, said net profit fell 5.8 percent to 801 million rupees for the financial year ended March 31, 2015.

Revenue fell 1.7 percent to 7,357 million rupees in the same period, according to Company’s annual report results.

The company is one of the largest exporters of tea bags in Sri Lanka and promotes single origin Ceylon teas.

Its Dilmah brand is the most successful of the value-added Ceylon tea brands in overseas beverage markets.

The group is also a big supplier of bulk teas to blenders and packers overseas.

http://www.lankabusinessonline.com/sri-lankas-tea-exporters-are-to-be-blamed-for-tea-export-reduction-dilmah-chief/

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