Piramal Glass Ceylon PLC (PGC) has recorded its highest ever annual turnover of Rs. 6,755mn and a profit after tax (PAT) of Rs 654 mn. With this achievement the Board of Directors has proposed 35% dividend maintaining its consistent policy of dividend pay-out ratio. Revenue achieved for the year was Rs 6,755mn depicting a growth of 17% as against Rs. 5,792mn of the previous year. The major portion of growth was backed by food and beverage segments. MD Sanjay Tiwari said the company's furnace, which was built in 2007, is due to be rebuilt during 2017 when capacity will be increased from 250/tpd to 300/tpd. This upgraded facility will help the company to service the present and future increased demand in the domestic segment for the food and beverages, pharmaceuticals, agro chemicals, liquor and the upcoming segment of virgin coconut oil.
