Kelani Valley Plantations PLC (KVPL) is optimistic about consolidating its position and improving yields in both tea and rubber segments.
In the tea segment the focus would be to expand the revenue-share model while systematically reorienting its structure in the interest of mutual benefit, the company’s annual report 2017/18 said.
Managing Director, Roshan Rajadurai in his statement said the revenue-share model will also play a pivotal role on their efforts to create a new dynamism for the entire tea industry where workers are empowered with the right tools to become entrepreneurs in their own right and ease away from their dependency on plantation companies.
In the rubber sector the company expects replanting to remain a high priority.
“We will also look to expedite the crop diversification strategies by exploring the possibility of investing in coconut,” Rajadurai said.
The emphasis on workforce development will be another key focus and the investments in this regard would aim to make plantations a preferred place to work, he said.
KVPL turnover for the year in review increased by 28% over the corresponding year mainly due to the increased tea production and high prices for its end product. The net profit after tax increased to Rs. 326 million for the financial year ending March 31, 2018, the report said.