Watawala Plantation

jaya · 1 Watawala Plantation Thu Aug 06, 2020 5:28 pm

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[url=https://cdn.cse.lk/cmt/announcement_portal_prod/Corporate Disclosure - Amended_1374185460368325.pdf]https://cdn.cse.lk/cmt/announcement_portal_prod/Corporate%20Disclosure%20-%20Amended_1374185460368325.pdf[/url]

ADVENTUS · 2 Re: Watawala Plantation Thu Aug 20, 2020 10:28 pm

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President's policy statement: Palm oil cultivation banned
Addressing the inaugural session of the ninth Parliament today (20), the President announced that he would prohibit the cultivation of palm oil, among other measures to aid the plantations sector.
He presented his policy statement at the Parliament after ceremonially declaring the ninth Parliament open today (20).
He said that the income from industries such as tea, coconut and rubber are currently unsatisfactory.
"We will commence operations to develop tea plantations, while assisting small and medium scale tea estate owners as well. Due to the shutting down of tea factories, tea estate owners have encountered a number of difficulties. We will restart these factories and eliminate existing irregularities simultaneously encouraging the export of high quality tea products. We will reclaim the global brand name we held for Ceylon Tea." he stated.
Accordingly, the planting of coconut saplings will be encouraged, and to enact a reasonable price for rubber, local rubber industrialists will be encouraged to utilise their own products.
He further stated that the cultivation of palm oil trees will be stopped completely.
Furthermore, the production of export crops, such as pepper and cinnamon, will be promoted, and opportunities to generate substantial foreign exchange will be provided to farmers through value addition to agricultural products and export measures

pra4u · 3 Re: Watawala Plantation Fri Aug 21, 2020 11:08 am

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Tellers view

100Bill · 4 Re: Watawala Plantation Fri Aug 21, 2020 5:11 pm

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Total revenue for the year was LKR 3.3 Bn., of which LKR 2.7 Bn. was from palm oil. The ban on replanting the old trees is however a serious problem, which is bound to have a negative impact on our profitability in the years to come if it continues...

From Chairman's mssg.

Teller · 5 Re: Watawala Plantation Fri Aug 21, 2020 11:43 pm

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Dont worry on WATA. Our investors are more educated than before . We had panic investors earlier but not now. I estimate nearly 1 lkh acres or above may cultivate currently palm. Definitely government will not get such a stupid decision to kill the cultivation but surely will ban on gonig and future new cultivations.

chathura123 · 6 Re: Watawala Plantation Sat Aug 22, 2020 1:51 pm

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Govt .will not destroy what have now .but what is about young plants at nurseries ?
How much cost companies have to incur ?
I is difficult to quantify??

chathura123 · 7 Re: Watawala Plantation Sat Aug 22, 2020 1:51 pm

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Govt .will not destroy what have now .but what is about young plants at nurseries ?
How much cost companies have to incur ?
I is difficult to quantify??

chathura123 · 8 Re: Watawala Plantation Sat Aug 22, 2020 1:52 pm

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Govt .will not destroy what have now .but what is about young plants at nurseries ?
How much cost companies have to incur ?
I is difficult to quantify??

ADVENTUS · 9 Re: Watawala Plantation Sun Aug 23, 2020 3:28 pm

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Presidents irresponsible statement is going to cause problems.

Plantation companies to lose Rs 500 mn. due to govt. vacillation on oil palm
https://island.lk/plantation-companies-to-lose-rs-500-mn-due-to-govt-vacillation-on-oil-palm/?fbclid=IwAR1e8wRL9vGR6pzInPn_TM1JXjfOehfT_0XSDhqcKAHOr4iN2AEEq4xtmc8

chathura123 · 10 Re: Watawala Plantation Sun Aug 23, 2020 5:40 pm

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It is not irresponsible so many areas in southern province caused lot of issues.EU also ban import of plan oil based products

Eranga87 · 11 Re: Watawala Plantation Mon Aug 24, 2020 12:54 am

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	Rs.000'	Rs.000'	Rs.000'	Rs.000'
Plantation	Revenue from palm oil	total revenue	GP from palm oil	total gross profit (GP)	palm oil contri. for revenue %	palm oil contri. for GP %
Plantation	Revenue from palm oil	total revenue	GP from palm oil	total gross profit (GP)	palm oil contri. for revenue %	palm oil contri. for GP %
NAMU	957,761.00	2,414,327.00	581,279.00	336,354.00	39.67%	172.82%

WATA	2,675,317.00	3,326,800.00	1,362,601.00	1,285,724.00	80.42%	105.98%

ELPL	732,000.00	3,547,947.00	493,000.00	752,546.00	20.63%	65.51%

KOTA	93,044.00	3,269,606.00	38,125.00	(206,859.00)	2.85%	36.00%