directors - Colombo Stock Exchange

ManageMent report
Segment Performance
The vehicles segment experienced a fruitful financial year compared to
that of 2008/09. This was mainly due to the increase in demand for
commercial vehicles.
Vehicles segment revenue increased by 11.24% to Rs. 5,277 mn compared to
the 2008/09 figure of Rs. 4,744 mn. The segment result has also increased
by 36.98%.
Vehicle Parts & Services segment produced a 14.24% increase in revenue
amounting to Rs. 2,554 mn compared to the previous year’s figure of
Rs. 2,235 mn. The segment result has however dipped from Rs. 464 mn to
Rs. 432 mn by 6.78% due to reduction in margins.
Lighting & Power Tools segment has also experienced a decline in revenue
and segment result of 11.70% and 11.81% respectively.
Construction and Material Handling Machinery segment recorded a 13.49%
increase in revenue amounting to Rs. 1,517 mn from last year’s figure of
Rs. 1,337 mn. Due to reduction in margins in this segment, the segment
result reduced by 6.59% from Rs. 155 mn to Rs. 145 mn.
Electro Mechanical and Bio Medical Engineering Segment showed a
significant growth in turnover. The segment achieved a revenue growth
of 87.12% from Rs. 418 mn to Rs. 782 mn. However, the segment result has
come down by 12.40% from Rs. 95 mn to Rs. 84 mn due to reduction
in margins.
Contractual Obligations
Financial contractual obligations to banks as at 31st March 2010 are
given below:
54
F i n a n C i a l r e v i e W
ANNUAL REPORT 2009/10 DIESEL & MOTOR ENGINEERING PLC
Financial highlights 05 Operational highlights 06 Chairman & CEO's Review 10 Board of Directors 14 Group Management Committee 18