Asia Siyaka Commodities PlcCSELK: ASIY.N0000

Interim Financial Statements 30.06.2024

Aug 13, 2024 at 11:23 AM UTC · MarketScreener

ASIA SIYAKA COMMODITIES PLC

INTERIM FINANCIAL STATEMENTS

30 June 2024

ASIA SIYAKA COMMODITIES PLC

STATEMENT OF FINANCIAL POSITION

AS AT

ASSETS

Non Current Assets

Property, Plant & Equipment

Intangible Assets

Right of Use Asset

Investments

Other Receivables

Investment Property

Deferred Tax Asset

Current Assets

Inventories

Trade Receivables

Loans & Advances

Other Receivables, Prepayments and Advances

Short Term Investments

Cash and Cash Equivalents

Total Assets

Capital and Reserves

Stated Capital

Revaluation Reserves

Revenue Reserves

Total Equity

Non Current Liabilities

Retirement Benefit Obligation

Deferred Tax Liability

Lease Liability- RoU Asset

Current Liabilities

Interest Bearing Borrowings Trade Payables

Interest Bearing Borrowings on Client Financing Sundry Creditors including Accrued Expenses Lease Liability- RoU Asset

Income Tax Payable Bank Overdraft

Total Liabilities

Total Equity and Liabilities

GROUP

Unaudited	Unaudited
30.06.2024	31.03.2024
Rs.	Rs.

1,202,647,120	1,219,827,479
514,066	684,273
53,929,672	56,066,527
-	-
7,649,455	8,118,954
755,727	755,727
77,716,333	74,663,545
1,343,212,373	1,360,116,505
4,703,903	4,468,833
814,918,782	886,689,279
1,445,366,068	1,500,020,496
74,807,117	61,813,548
40,556,488	40,556,488
41,775,721	118,679,487
2,422,128,079	2,612,228,131
3,765,340,452	3,972,344,636

100,000,000	100,000,000
622,313,936	622,313,936
587,911,834	600,332,013
1,310,225,770	1,322,645,949
80,794,251	77,618,812
306,974,542	304,780,848
28,674,199	30,203,886
416,442,992	412,603,546
2,252,621	10,585,954
922,912,658	1,051,112,104
867,000,000	886,000,000
187,264,049	88,222,265
5,687,854	5,146,526
27,239,319	29,635,731
26,315,189	166,392,561
2,038,671,690	2,237,095,141
2,455,114,682	2,649,698,687
3,765,340,452	3,972,344,636

COMPANY

Unaudited	Unaudited
30.06.2024	31.03.2024
Rs.	Rs.

11,395,151	10,904,102
514,066	684,273
36,281,415	38,833,463
190,250,000	190,250,000
7,649,455	8,118,954
755,727	755,727
73,070,259	70,176,995
319,916,073	319,723,514
4,598,243	4,363,173
756,378,548	835,582,503
1,445,366,068	1,500,020,496
65,393,620	57,487,011
40,556,488	40,556,488
37,870,741	113,209,824
2,350,163,708	2,551,219,495
2,670,079,781.00	2,870,943,009

100,000,000	100,000,000
-	-
440,766,037	426,487,394
540,766,037	526,487,394
66,185,393	63,541,703
506,401	488,232
33,150,089	35,411,902
99,841,883	99,441,837
-	-
978,021,780	1,105,340,642
867,000,000	886,000,000
150,847,743	52,201,665
8,349,090	7,638,810
25,253,248	27,440,100

166,392,561
2,029,471,861 2,245,013,778
2,129,313,744 2,344,455,615
2,670,079,781 2,870,943,009

	-	-	-	-
Net Assets per Share (Rs.)	5.04	5.09	2.08	2.02
These financial statements are in compliance with the requirements of the Companies Act No 7 of 2007
Sgd.	-	-	-	-
R.E. Munasinghe
Senior Vice President - Finance

The Board of Directors is responsible for the preparation and presentation of these financial statements.

Signed on behalf of the Board by
Sgd.	Sgd.
A.R. Cooke	Y. Kuruneru
Director	Director
August 13, 2024

ASIA SIYAKA COMMODITIES PLC

STATEMENT OF COMPREHENSIVE INCOME

		GROUP
For the period ended 30 June	2024	2023		2024	2023	Variance %

	Quarter	Quarter		Cumulative	Cumulative
	Rs.	Rs.		Rs.	Rs.
Gross Revenue	292,676,079	364,548,557		292,676,079	364,548,557	(20)
Cost of Sales	(99,136)	(547,632)		(99,136)	(547,632)	(82)

Net Revenue	292,576,943	364,000,925		292,576,943	364,000,925	(20)
Other Income and Gains	3,173,361	1,893,287		3,173,361	1,893,287	68
Selling & Distribution Costs	(18,361,188)	(20,980,137)		(18,361,188)	(20,980,137)	(12)
Administrative Expenses	(165,606,606)	(164,352,905)		(165,606,606)	(164,352,905)	1
Finance Cost	(37,284,987)	(97,428,342)		(37,284,987)	(97,428,342)	(62)
Finance Income	1,505,696	3,849,011		1,505,696	3,849,011	(61)
Profit/(Loss) Before Tax	76,003,219	86,981,839		76,003,219	86,981,839	(13)
Income Tax Expense	(23,423,398)	(26,192,739)		(23,423,398)	(26,192,739)	(11)

Profit/(Loss) for the Year	52,579,821	60,789,100		52,579,821	60,789,100	(14)
Other Comprehensive Income
Actuarial Gain/(Loss) for the year	-	-		-	-	-
Income Tax Effect	-	-		-	-	-
Revaluation Surplus	-	-		-	-	-
Income Tax Effect	-	-		-	-	-
Other Comprehensive Income for the year, net of tax	-	-		-	-	-
Total Comprehensive Income for the year, net of tax
52,579,821	60,789,100		52,579,821	60,789,100	(14)

COMPANY

2024	2023	2024	2023
Quarter	Quarter	Cumulative	Cumulative
Rs.	Rs.	Rs.	Rs.
222,229,076	266,416,811	222,229,076	266,416,811
(99,136)	(547,632)	(99,136)	(547,632)

222,129,940	265,869,179	222,129,940	265,869,179
30,652,808	185,112	30,652,808	185,112
(17,129,620)	(16,993,082)	(17,129,620)	(16,993,082)
(102,034,000)	(91,377,868)	(102,034,000)	(91,377,868)
(38,865,523)	(94,318,395)	(38,865,523)	(94,318,395)
1,491,321	3,845,061	1,491,321	3,845,061
96,244,926	67,210,007	96,244,926	67,210,007
(16,966,283)	(22,963,955)	(16,966,283)	(22,963,955)

79,278,643	44,246,052	79,278,643	44,246,052
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-

79,278,643	44,246,052	79,278,643	44,246,052

Variance

(17)

(82)

(16)

16,459

(59)

(61)

(26)

Basic Earnings Per Share (Rs.)

0.20

0.23

0.20

0.23

0.30

0.17

0.30

0.17

ASIA SIYAKA COMMODITIES PLC

STATEMENT OF CHANGES IN EQUITY

	STATED		REVALUATION		ACCUMULATED	TOTAL
	CAPITAL		RESERVES		PROFITS
	Rs.		Rs.		Rs.	Rs.
GROUP
As at 01 April 2023	100,000,000	622,313,936	539,151,840	1,261,465,776
Net Profit for the period	-	-	60,789,100	60,789,100
Other Comprehensive Income	-		-		-	-
Total Comprehensive Income	-	-	60,789,100	60,789,100
Dividend Paid	-		-		(91,000,000)	(91,000,000)
As at 30 June 2023	100,000,000		622,313,936		508,940,940	1,231,254,876

As at 01 April 2024	100,000,000	622,313,936	600,332,013	1,322,645,949
Net Profit for the period	-	-	52,579,821	52,579,821
Other Comprehensive Income	-		-		-	-
Total Comprehensive Income	-	-	52,579,821	52,579,821
Dividend Paid	-		-		(65,000,000)	(65,000,000)
As at 30 June 2024	100,000,000	622,313,936	587,911,834	1,310,225,770
COMPANY

As at 01 April 2023	100,000,000	-	424,626,539	524,626,539
Net Profit/(Loss) for the period	-	-	44,246,052	44,246,052
Other Comprehensive Income	-		-		-	-
Total Comprehensive Income	-	-	44,246,052	44,246,052
Dividend Paid	-		-		(91,000,000)	(91,000,000)
As at 30 June 2023	100,000,000		-		377,872,591	477,872,591

As at 01 April 2024	100,000,000	-	426,487,394	526,487,394
Net Profit/(Loss) for the period	-	-	79,278,643	79,278,643
Other Comprehensive Income	-		-		-	-
Total Comprehensive Income	-	-	79,278,643	79,278,643
Dividend Paid	-		-		(65,000,000)	(65,000,000)
As at 30 June 2024	100,000,000	-	440,766,037.00	540,766,037

ASIA SIYAKA COMMODITIES PLC

STATEMENT OF CASHFLOWS

For the period ended 30 June

CASH FLOW FROM/(USED IN) OPERATING ACTIVITIES Profit before Income Tax Expense

Adjustment for: Depreciation/Amortization Depreciation - Right of Use Asset Provision for Retiring Gratuity Finance Income

(Gains)/Loss on Sale of Property, Plant and Equipment (Gains)/Loss on Sale of Investment Property Dividend Received

Provision/(Reversal) for Impairment of Loans and Advances Provision/(Reversal) for Impairment of Trade Receivables Bad Debt Written off - Loans and Advances

Bad Debt Written off - Trade Receivables Inventory Written-off

Finance Cost

Operating Profit before Working Capital Changes

Changes in Inventories

Changes in Trade and Other Receivables Changes in Loans and Advances

Changes in Interest Bearing Borrowings on Client Financing Changes in Trade and Other Payables

Income Tax Paid

Defined Benefit Plan Costs Paid

Finance Cost Paid

Net Cash from Operating Activities

CASH FLOW FROM/(USED IN) INVESTING ACTIVITIES

Acquisition of Property, Plant & Equipment and Intangible Assets Proceeds from Disposal of Property ,Plant & Equipment Investment in Short Term Investments

Finance Income Received Dividend Received

Net Cash Used in Investing Activities

CASH FLOW FROM/(USED IN) FINANCING ACTIVITIES

Dividend Paid

Repayment of Borrowings

Repayments Under Lease Liabilities

Net Cash Used in Financing Activities

Net Increase/(Decrease) in Cash and Cash Equivalents

Cash and Cash Equivalents at the Beginning of the period Cash and Cash Equivalents at the End of the period

Analysis of Cash and Cash Equivalents

Favourable Balance

Cash at Bank and in Hand

Unfavourable Balance

Bank Overdrafts

	GROUP		COMPANY
2024	2023	2024	2023
Rs.	Rs.	Rs.	Rs.

76,003,219	86,981,839	96,244,926	67,210,007
19,104,815	23,170,600	808,657	570,315
2,136,854	2,645,870	2,552,048	2,724,231
3,889,500	3,486,249	3,357,750	3,011,499
(1,505,696)	(3,849,011)	(1,491,321)	(3,845,061)
-	-	-	-
-	-	-	-
-	-	(26,353,822)	-
6,000,000	7,203,676	6,000,000	7,203,676
-	33,351	-	-
-	-	-	-
-	-	-	-
-	-		-
37,284,987		97,428,342	38,865,523	94,318,395
142,913,679	217,100,916	119,983,761	171,193,062
(235,070)	(1,102,591)	(235,070)	(1,102,591)
59,246,427	17,728,659	71,766,845	52,956,158
48,654,428	77,481,056	48,654,428	77,481,056
(19,000,000)	324,000,000	(19,000,000)	324,000,000
(29,157,662)		(219,103,029)	(28,672,784)	(231,966,664)
202,421,802	416,105,011	192,497,180	392,561,021
(26,678,904)	(36,178,716)	(22,028,230)	(32,452,431)
(714,061)	(527,956)	(714,060)	(284,284)
(35,529,312)		(97,390,898)	(38,123,769)	(93,652,623)
139,499,525		282,007,441	131,631,121	266,171,683
(1,754,249)	(9,477,855)	(1,129,499)	(1,333,825)
-	-	-	-
-	-	-	-
1,505,696	3,849,011	1,491,321	3,845,061
-		-	26,353,822	-
(248,553)		(5,628,844)	26,715,644	2,511,236
(65,000,000)	(91,000,000)	(65,000,000)	(91,000,000)
(8,333,333)	(12,500,000)	-	-
(2,744,033)		(2,491,945)	(2,293,287)	(3,210,923)
(76,077,366)		(105,991,945)	(67,293,287)	(94,210,923)
63,173,606	170,386,652	91,053,478	174,471,996
(47,713,074)		(61,072,776)	(53,182,737)	(68,984,826)
15,460,532		109,313,876	37,870,741	105,487,170
41,775,721	116,737,481	37,870,741	111,672,374
(26,315,189)		(7,423,605)	-	(6,185,204)
15,460,532	109,313,876	37,870,741	105,487,170

ASIA SIYAKA COMMODITIES PLC

Notes

Financial year of the Company ends on 31st March. Quarterly figures are for 3 months ended on 30 June 2024
Figures for the period ended on 30 June 2024 are provisional and subject to audit.
Number of fully paid ordinary shares as at 30 June 2024 total to 260,000,000 (31st March 2024 - 260,000,000)
Basis of Preparation
The Interim Financial Statements of the Company have been prepared in accordance with Sri Lanka Accounting Standards comprising of SLFRS and LKAS (hereafter referred as "SLFRS"), as issued by the Institute of Chartered Accountants of Sri Lanka. Accordingly the Interim Financial Statements of the Company have been prepared in accordance with Sri Lanka Accounting Standard - LKAS 34 - Interim Financial Reporting.
The presentation and classification of the financial statements of the previous period have being adjusted where relevant for better presentation and to be comparable with year end reporting.
Changes in Accounting Policies and Disclosures
There were no changes to the accounting policies and methods of computation since the draft audited financial statements 2022/2023. The previous year's figures and phrases have been re-arranged wherever necessary to conform to the current year presentation.
Asia Siyaka Group consist of Asia Siyaka Warehousing (Pvt) Ltd and Siyaka Produce Brokers (Pvt) Ltd which are fully owned subsidiaries of Asia Siyaka Commodities PLC.
Asia Siyaka Warehousing has entered into a 50 year lease agreement commencing 22/06/1999 with the Sri Lanka Land Reclamation and Development Corporation to lease a land in Muthurajawela for a total lease rent of Rs. 47m.
Reporting Segments - The Group's internal organization and management is structured based on individual products and services which are similar in nature and process and where the risk and return are similar. The primary segments represent this business structure.
Investment Property

Subsequent to the acquisition by the Government of Sri Lanka, the portion of land which remained with the Company of 5.542 acres is reflected at the proportionate cost as Investment Property. The fair value of the Investment Property is deemed to be Rs. 2,543,454/-, which is based on the price determined by Kolonna Divisional Secretariat and Valuation .

There have been no material events occurring after the Balance Sheet date that require adjustment or disclosure in the interim financial statements.
Earnings Per Share
Basic Earnings per share is calculated by dividing the net profit for the year attributable to ordinary shareholders by the weighted average number of ordinary shares in use during the year as required by the LKAS 33 - Earnings Per Share.
Net Assets per share
Net Assets per share have been calculated for all periods based on the number of shares in issue as at 31 March 2024.
Contingencies, Capital and Other Commitments
There has been no significant change in the nature of the contingencies and other commitments, which were disclosed in the draft audited financial statements for the year ended 31st March 2023 and no circumstances have arisen since the Statement of Financial Position date, which would require adjustments to or disclosure in the financial statements.
Investments
The Company currently holds 100% ownership of Siyaka Produce Brokers (Private) Limited, which transferred its Rubber Brokering License to Asia Siyaka Commodities PLC on 18 April 2017. Since the transfer the Company has not relaunched any new business activity and remains non-operating as at the period end. Under these circumstances, the Board of Directors intends to liquidate the Company within foreseeable future and accordingly the financial statements of Siyaka Produce Brokers (Pvt) Ltd have been prepared on a basis other than as a going concern.

ASIA SIYAKA COMMODITIES PLC

Notes - Cont.

14. Related Party Disclosures

Details of significant related party disclosures are as follows.

	Lanka		Asia Siyaka
	Commodity		Warehousing (Pvt)	Siyaka Produce
	Brokers Ltd		Ltd	Brokers (Pvt) Ltd	Total
	Rs.		Rs.	Rs.	Rs.
Nature of Relationship	Parent		Subsidiary	Subsidiary
As at 01 April 2024	-		(54,228,538)	124,210	(54,104,328)
Sale of Goods and Rendering of Services	-		199,574	-	199,574
Funds (Received)/ Transferred	-		(12,269,203)	19,239	(12,249,964)
Expenses incurred	-		11,189,045	-	11,189,045
As at 30 June 2024		-	(55,109,122)	143,449	(54,965,673)

ASIA SIYAKA COMMODITIES PLC

16. Segment Information
	Broking		Warehousing		Total
For the period ended 30 June	2024		2023	2024	2023	2024			2023
	Rs.	Rs.	Rs.		Rs.		Rs.	Rs.
Revenue
Services to external customers	222,229,076		266,416,811	71,508,542	99,193,284	293,737,618			365,610,095
Inter segment sales	-		-		(1,061,539)		(1,061,538)		(1,061,539)	(1,061,538)
Total Revenue	222,229,076		266,416,811	70,447,003	98,131,746	292,676,079			364,548,557
Results
Net Revenue	222,129,940		265,869,179	70,447,003	98,131,746	292,576,943			364,000,925
Other Income	30,652,808		185,112	4,992,467	4,114,411	35,645,275			4,299,523
Selling & Distribution Costs	(17,129,620)		(16,993,082)	(1,400,698)	(4,162,522)	(18,530,318)			(21,155,604)
Administrative Expenses	(102,034,000)		(91,381,904)	(70,171,762)	(75,851,964)	(172,205,762)			(167,233,868)
Inter segmental eliminations	(26,744,796)		2,705,496		(277,093)		(2,055,302)		(27,021,889)	650,194
Profit before tax and finance cost	106,874,332		160,384,801	3,589,917	20,176,369	110,464,249			180,561,170
Finance Costs	(38,865,523)		(94,318,395)	(236,091)	(4,522,572)	(39,101,614)			(98,840,967)
Finance Income	1,491,321		3,845,061	1,332,637	782,516	2,823,958			4,627,577
Inter segmental eliminations	1,816,626		1,412,625		-		(778,566)		1,816,626	634,059
Profit Before Tax	71,316,756		71,324,092	4,686,463	15,657,747	76,003,219			86,981,839
Income Tax Expense	(16,966,283)		(22,963,955)		(1,806,440)		(3,228,784)		(23,423,398)	(26,192,739)
Profit After Tax	54,350,473		48,360,137	2,880,023	12,428,963	52,579,821			60,789,100
As at 30 June
Assets and Liabilities
Segment Assets	2,473,987,836		2,502,387,608	1,291,352,616	1,381,961,408	3,765,340,452			3,884,349,016
Unallocated Assets	-		-		-		-		-	-
Total Assets	2,473,987,836		2,502,387,608		1,291,352,616		1,381,961,408		3,765,340,452	3,884,349,016
Segment Liabilities	2,067,194,569		2,216,299,286	387,920,113	436,794,855	2,455,114,682			2,653,094,141
Unallocated Liabilities	-		-		-		-		-	-
Total Liabilities	2,067,194,569		2,216,299,286	387,920,113	436,794,855	2,455,114,682			2,653,094,141
Other Segment Information
Total cost incurred during the period to acquire
Property, Plant and Equipment	1,129,499		1,333,825	624,750	8,144,030	1,754,249			9,477,855
Depreciation / Amortization	3,360,705		3,294,546	17,880,964	22,521,924	21,241,669			25,816,470
Provision for retirement benefit liability	3,357,750		3,011,499	531,750	474,750	3,889,500			3,486,249

ASIA SIYAKA COMMODITIES PLC

SHARE INFORMATION

1. Market prices of the share for the quarter ended 30 June 2024

The shares were listed in the Colombo Stock Exchange on 12th September 2012

	2024/2025- Q1	2023/2024 - Q1
	Rs. Cts.	Date	Rs. Cts.	Date
Highest	4.70	5/Jun/2024	4.40	8/Jun/2023
Lowest	4.10	4/Apr/2024	3.80	30/May/2023
Last Traded	4.30	28/Jun/2024	4.00	28/Jun/2023
Closing Price	4.30	28/Jun/2024	4.00	28/Jun/2023

2. Twenty Major Shareholders

	Name of Shareholder		No.of Shares as at	% issued capital
		30.06.2024

1	LANKA COMMODITY BROKERS LIMITED		132,678,464	51.030%
2	DFCC BANK PLC/MASKELIYA TEA EXPORTS (PVT) LTD		30,591,252	11.766%
3	CHADSTONE PVT LTD		13,485,035	5.187%
4	MR K.V. HEWAVITARNE		11,000,000	4.231%
5	MR A.R. COOKE		9,747,143	3.749%
6	MR D.J. WEDANDE		8,403,067	3.232%
7	J.B. COCOSHELL (PVT) LTD		4,288,973	1.650%
8	MR A.D. EDUSSURIYA		3,036,921	1.168%
9	MR W.M.K.S.N.D. FERNANDO		2,625,656	1.010%
10	MR Y. KURUNERU		2,499,063	0.961%
11	MERCHANT BANK OF SRI LANKA & FINANCE PLC / R.M.N.C.BANDRA	2,380,387	0.916%
12	MR. A.M. WEERASINGHE		1,900,617	0.731%
13	DR A.R. MOHAMED		1,503,291	0.578%
14	MR R.C. DISSANAYAKE		1,279,808	0.492%
15	MR B.Y. EDIRISURIYA & MRS. R.D. EDIRISURIYA & MR. P.M. WEERASURIYA	1,125,001	0.433%
16	MISS D.R. EDUSSURIYA		1,006,200	0.387%
17	MR B.L.S. PEIRIS & MRS L.B. PEIRIS		1,000,000	0.385%
18	MR H.K.S. HALLOLUWA		816,164	0.314%
19	MR M.H.A.S.R. PERERA		800,000	0.308%
20	MR. K.M.S.M. RAZIK		750,000	0.288%
			230,917,042	88.814%
	Others		29,082,958	11.186%
			260,000,000	100.000%
3.

	Directors' Shareholding
	Name	No of Shares as at 30	% issued capital	No of Shares as at 30	% issued capital
		June 2024		June 2023
1	Mr. C.L. de Silva	Nil	-	Nil	-
2	Mr. A. R. Cooke	9,747,143	3.75%	9,747,143	3.75%
3	Mr. Y. Kuruneru	2,499,063	0.96%	2,499,063	0.96%
4	Mr. D. J. Wedande	8,403,067	3.23%	8,403,067	3.23%
5	Mr. J. N. Dambawinne	Nil	-	Nil	-
6	Mr. S. G. Amarasuriya	Nil	-	Nil	-
7	Mr. S. T. Gunatilleke	130,000	0.05%	130,000	0.05%
8	Mr. R. C. Dissanayake	1,279,808	0.49%	1,279,808	0.49%
9	Mr. H. R. V. Caldera	Nil	-	Nil	-
10	Mr. A. Vaithylingam	Nil	-	Nil	-
11	Mr. M.R. Morris	Nil	-	Nil	-

The percentage of shares held by the public as at 30 June 2024 - 40.43% comprising 2,004 shareholders.
The float adjusted market capitalization as at 30 June 2024 - Rs. 452,044,255
The Float adjusted market capitalization of the Company falls under Option 2 of Rule 7.13.1(i) (b) of the Listing Rules of the Colombo Stock Exchange and the Company has complied with the minimum public holding requirement applicable under the said option.

CORPORATE INFORMATION

NAME OF THE COMPANY COMPANY REGISTRATION NO LEGAL FORM

DATE OF INCORPORATION

NATURE OF BUSINESS

HEAD OFFICE AND REGISTERED OFFICE

BOARD OF DIRECTORS

SUBSIDIARY COMPANIES

SECRETARIES

AUDITORS

BANKERS

ASIA SIYAKA COMMODITIES PLC

PV 3562/PB/PQ

A Public Limited Liability Company

The Company was incorporated bearing Company Registration No. PV 3562 on 16th February 1998 and was converted to a public limited liability company on 28th March 2012 under Company Registration No. PV 3562/PB.

To carry on the business of Tea Brokers, Rubber Brokers, Produce Brokers, Auctioneers, Appraisers, Valuers, Commission Agents and General Agents.

1st Floor, 'Deutsche House'

No.320, T.B. Jayah Mawatha, Colombo 10. Telephone: +94 114600700

Fax: +94 112678145

E-mail: tea@siyaka.lk

Website: www.asiasiyaka.com

Mr. C.L. de Silva - Chairman

Mr. A.R. Cooke - Managing Director

Mr. D.J. Wedande - Executive Director

Mr. S.T. Gunatilleke (Retired w.e.f. 31/07/2024)

Mr. S.G. Amarasuriya - Executive Director

Mr. Y. Kuruneru - Executive Director

Mr. H.R.V. Caldera (Resigned w.e.f. 02/04/2024)

Mr. J.N. Dambawinne

Mr. R.C. Dissanayake - Executive Director

Mr. A. Vaithylingam

Mr. M.R. Morris

Ms. R. Rajapaksa (Appointed w.e.f. 06/08/2024)

Asia Siyaka Warehousing (Pvt) Ltd

Siyaka Produce Brokers (Pvt) Ltd

P W Corporate Secretarial (Pvt) Ltd

3/17, Kynsey Road

Colombo 08.

Telephone: +94 11 4640360-3

Fax: +94 11 4740588

Ernst & Young, Chartered Accountants

201, De Saram Place

Colombo 10.

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