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ACL Cables PLC, the No.1 cable company in Sri Lanka has once again showcased its strong financial position and brand equity achieving (SL) A+ stable credit rating for the fourth consecutive year according to ICRA Lanka’s recently published rating outlook.
Impressively, ACL Cables became the only cable manufacturer in the local industry to register an A+ credit rating, demonstrating the company’s stability and credit worthiness amidst challenging business environments.
ACL Cables PLC registered revenues of Rs. 18.8 billion as a group for the financial year ended in March 2020. A profit-after-tax of Rs. 1 billion was also recorded as a group. This was a 64% increase in comparison to the previous year.
ACL Cables PLC, the No.1
cable company in Sri Lanka has once again showcased its strong financial
position and brand equity achieving (SL) A+ stable credit rating for the fourth
consecutive year according to ICRA Lanka’s recently published rating outlook.
Impressively, ACL Cables became
the only cable manufacturer in the local industry to register an A+ credit
rating, demonstrating the company’s stability and credit worthiness amidst
challenging business environments.
ACL Cables PLC registered
revenues of Rs. 18.8 billion as a group for the financial year ended in March
2020. A profit-after-tax of Rs. 1 billion was also recorded as a group. This
Monday, 28 December 2020 00:00 -
Creating history and proving its dominance in the cable industry once again, ACL Cables PLC announced it had been awarded the SLS 1504-3-31 certificate under the product marking scheme for its fire rated – Low Smoke Halogen Free (LSHF) non-sheathed single core cables by the Sri Lanka Standards Institution (SLSI) recently.
SLSI is the highest local authority that awards quality standardisations for products sold locally. Upon complying with the requisite standards ACL Cables PLC has become the first company in the country to obtain this certification. The equivalent British Standard (BS) for the above local certification is BS EN 50525-3-31.