Raigam Wayamba Salterns : Annual Report 2023/24

About this update from Raigam Wayamba Salterns Plc

ANNUAL REPORT 2023/2024 Surfing A ROUGH SEA! Creative Writing | Photography | Layout, Design 78G/ 11, Hartland, Athurugiriya. +94 71 224 11 00 +94 11 214 47 17 Imagination [email protected] SURFING A ROUGH SEA! The day-to-day lives of Sri Lankans were put under unprecedented pressure over 2023. Reeling under asset devaluation during the 2022 socioeconomic debacle, the people saw the increase in everything from utility bills to corporate and personal incomes taxes as "beating up on a man when he is down". Those brutal measures had a reasonable economic foundation for restructuring the fiscal structure and recovering the economy. However, when hard-earned money that had become significantly less powerful evaporated even as it was acquired, the people of the country had no choice but to restructure themselves to survive the suddenly unmanageably bare micro-economy of their families. It is not to be wondered that almost all citizens had to implement their own austerity measures to keep themselves afloat, cutting down on everything they had gotten used to purchasing - even a vital commodity such as salt. Under circumstances such as these, when people put their wallets in their pockets and hardly ever took them out, many companies found themselves in a position where they were unable to move their stock, unable to service their debts, unable to see validation of business processes. Most were floundering, rudderless and directionless in some of the roughest socioeconomic seas ever experienced by the business community. Your company, managed with sobriety and panache, faced the recession head- on. It took all the blows that a seething maelstrom of water could throw at it, recalibrated itself, and, surfed through the darkest period of the country. It came out on the other side, sails trimmed, even in keel, facing the wind, ready for new opportunities opening up to those who go to sea in a ship such as ours that is built on the strongest of foundations. Raigam Wayamba Salterns PLC | ANNUAL REPORT 2023 - 2024 3 CONTENTS Overview Report Rationale 5 Product improvement and process efficiency of salt 7 About Us 8 Our Journey 10 Corporate Information 12 Key Performance Signs - Group 14 Financial Highlights - Group 15 Key Performance Signs - Company 16 Financial Highlights - Company 17 A Brief about the Group 18 Our Presence 20 Our Leadership Message from the Chairman...

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