The national LPG (liquid petroleum gas) company marks 2015 a record year posting gross profits of over Rs.6 billion with significant increases in volumes (22%) 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.”
In a joint communiqué the Chairman, and Muditha Peiris, the Managing Director of Litro Gas Lanka Ltd said, “With one of the largest price reductions seen in any given year, 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 22%.
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.
2015 saw the company recorded 888,413 of man hours with zero LTIs and zero fatalities. The company’s state-of-the-art terminal, filling facilities and fleet of trucks ensures continued supply is maintained. Innovations and the introduction of new loading equipment have helped the operations team reach this excellent record. Increase of efficiency and effectiveness of systems and processes by using management techniques and employee involvement has made sure that the company remains efficient in an ever changing business world.