2008 Highest Profit Ratio

Despite economic downfall, the Company has recorded tremendous performance in its profitability in the financial year 2008/09. In this particular financial year, the company has achieved Rs. 83 mln. turnover as against Rs. 158 mln in last year, while accounting Rs. 172 mln in Profit After Tax, which is 45 % Net Profit Ratio that is very much significant in the context of performance of many companies.

In addition to that the performance of an associated company which is also in the salt industry; Puttlam Salt Ltd, where around 30% stake is held by the company's parent, figured out 35% Net Profit Ratio on one hand, acknowledging the contribution of Raigam's management.


Raigam group is blessed with a network of worksites that can be the envy of all, not only in the Salt industry but in any field. These sites go to ensure that the raw material supply for the core business of Raigam Wayamba Salterns of manufacturing Table Salt is not interrupted in any way by lack of raw material in the required quality and quantity needed by our Salt refineries at Palaviya and Bata-atha, Hungama.

Palaviya & Puludivayal – Approximately 120 acres in extent, where the only Salt refinery in the island is installed. Using world renowned Krebs Swiss Salex technology to manufacture the highest quality free flow Table Salt, the best Table Salt in Sri Lanka, is offered to the market.

Mundalama –Facing the Mundalama Lagoon in picturesque settings, approximately 100 acres in extent, with panoramic view over the lagoon especially in the evening, having the Colombo-Puttalama main road on the right hand side, parallel to the Colombo – Puttlalama railway line and only 100 kilo meters from Colombo, this is the closest saltern we have to the Commercial Capital of Colombo.

Bata-atha Industrial Park is the next site, consisting of ten acres, adjacent to the Kunukalliya Lewaya, is the site of our planned Salt refinery for the Salt harvested from the Kunukalliya Lewaya.

Kunukalliya Lewaya in Tangalla is situated 230 kilometers from Colombo in the southern part of the island. 250 acres in extent, Salt had been forming naturally at this sight from the days of the Sinhala kings. Although the sea is only a few metres away it is one of the least affected areas by the recent tsunami.

Wanathawilluwa is 325 acres in extent, with 116 acres falling on to the Puttalam divisional secretariat. Our plans are to develop Nature Tourism here to go hand in hand with the development of the salterns. This area has many species of fauna and flora that are endemic to the region. Path of many migratory birds fall over the Puttlalam lagoon and this fact has contributed greatly to the presence of breeding and nesting places in this area. The envisaged project of Nature Tourism will take this in to account when planning hikes on nature trails, bird watching, camping etc.

800 acres of salterns will ensure Raigam will never again be at the mercy of suppliers of raw salt for its refineries. With the supply totally under their command, manufacturing top quality Salt products will be the prime concern of Raigam Wayamba Salterns Limited for which they will be best equipped.

Mundalama Site

The envisaged Mundalama project site lies about 104 kilometres due north on to the right of the Colombo- Puttalam road. Approximately 100 acres in extent, facing the beautiful Mundal Lake, it adjoins the railway line that runs parallel to the Colombo- Puttalam main road. Here, blessed with the most suitable soil conditions for the development of a saltern, Mundalama site promises to be the closest saltern to Colombo. It is also envisaged develop Artemia Culture to supplement the prawn industry of the area. In this regard the National Aquatic Resource Development Agency has been contacted to obtain their help and advice.

Another facet that is being looked in to with a view for development is Nature Tourism. With the uniquely beautiful situation of the site it has all the potential for success. When fully developed, the Mundalama Integrated Project will be worth more than Rs. 300 Million in today’s currency.