The Alumex Group performance surpassed the targets in the financial year ended 31st March 2016. Revenue was reported at Rs 3.99 billion, a growth of 21%, Profit before tax was Rs. 801 million recording an increase of 31% and Profit after tax was reported as Rs. 589 million compared with Rs. 477million in the previous year.
Alumex a subsidiary of Hayleys PLC is the premier manufacturer of Aluminium profiles for the construction industry and has been the market leader since its inception. It’s products are used for the fabrication of Windows, Doors and Facades in commercial and residential buildings. Alumex has its manufacturing facility in Makola, Kelaniya and has a marketing and distribution network covering Sri Lanka
The construction industry growth reduced to 4.6% but low interest rates and inflation
created an environment for investment in apartments, hotels and residencies continuing the high demand for aluminium profiles. LME aluminium prices dipped mid-year and premiums reduced to compensate for the depreciation of the rupee against the US dollar and this helped the industry maintain a stable pricing structure as stated by
Mr. Rohan Peris, Managing Director.
The Chairman Mr Mohan Pandithage stated that our marketing strategy of strengthening our residential brand LUMIN with a new Concept Centre in Nawala and widening our dealer/distribution centre network contributed significantly to the performance.
The Board of Directors of Alumex comprises – Mohan Pandithage – Chairman, Rohan Peris – Managing Director, S C Ganegoda, D W P N Dediwela, A A Akbarally, R P Pathirana, H H Abdulhusein, Dr. H Cabral, S Munaweera.
Mr. Mohan Pandithage, Chairman Hayleys PLC.
Mr. Rohan Peris, Managing Director, Alumex PLC