Almas owns a 16% stake in Malwatte Plantations Voting Shares and 45% of Non-Voting Shares. The company grows and exports premium quality produce from 22 Tea and Rubber estates around the country. More than 85% of income is from tea production and exports, with other revenue streams from rubber, coconut and other spices. Tea auction prices have increased drastically and are expected to maintain high prices for the coming quarters. We see a future in value-added export markets for non-tea products which have higher margins.
Global commodity prices are rising – we are paying particular attention to Palm Oil producers who are performing with high margins and experiencing high growth in volumes. Sri Lanka has ample resources to continue to package and deliver value at home and abroad.