Thursday 11 February 2016

Litro Gas posts Rs. 6 bn profits in 2015

Litro Gas has posted a record year with gross profits of over Rs.6 billion with significant increases in volumes (22pct) and market growth (acquiring a total 485,548 new connections).

The market leader has grown its reach, to make LPG available in all areas of the island through a network of over 5,000 dealers.

"It is of utmost importance that Litro Gas be available in all rural areas,"Chairman Shalila Moonesinghe said.

"In doing so Litro Gas has maintained the highest safety standards ensuring that quality products are delivered to all our valued customers."

Litro Gas Lanka Managing Director Muditha Peiris said Litro Gas managed to grow its market by creating over 485,000 new connections. "This has led us to a record year in 2015 with gross profits of over Rs.6 billion." Highest ever volumes were also seen during 2015 with the company recording volumes of over 209,000 metric tons. This amounts to another record in terms of volume growth of over 22pct.

"We continue to invest in our people to ensure that safety is maintained throughout our value chain" . "We have upgraded our cylinder refurbishment facilities in order to deliver a better product." Peiris mentioned referring to the company's new investments in cylinder maintenance and re-painting. "With these improvements Litro Gas will improve its quality and standards".

Litro Gas continues to focus on its staff ensuring there is continuous development and growth within the organization. 2015 has seen many staff being promoted within the organization recognizing their exceptional skills.
www.dailynews.lk

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