Browns Investments PlcCSELK: BIL.N0000

Interim financial statements as of 03/31/2025

May 30, 2025 at 1:06 PM UTC · Issued by Browns Investments PLC

Browns

Investments

Browns Investments PLC

Quarter ended 31st March 2025

Reg. No. PV 66136PB/PQ

Browns Investments PLC

Statement of Profit or Loss and Other Comprehensive Income

2025	2024
(Un Audited)	(Un Audited)
Rs.000	Rs.000
19,799,089	15,855,946
(15,191,590)	(9,678,418)
4,607,499	6,177,528
(126,698)	4,403,675
(1,099,707)	(1,665,502)
(3,872,609)	(3,925,252)
(1,577,633)	(1,522,098)
(1,402,478)	(550,521)
(3,471,626)	2,917,830
924,895	1,902,769
(9,742,782)	(18,996,823)
32,721,445	1,988,760
258,335	2,669
20,690,267	(12,184,795)
1,849,458	(4,013,206)
22,539,725	(16,198,001)
	2,008,182
(13,470,656)	2,008,182
9,069,069	(14,189,819)
23,553,306	(13,954,160)
(1,013,581)	(2,243,841)
22,539,725	(16,198,001)
(13,470,656)	2,008,182
-	-
(13,470,656)	2,008,182
10,082,650	(11,945,978)
(1,013,581)	(2,243,841)
9,069,069	(14,189,819)
0.70	(0.83)
1.64	(0.97)

Quarter ended 31st March

% Change

Group Year ended 31st March

2025	2024
(Un Audited)	( Audited)
Rs.000	Rs.000
64,790,501	47,429,333
(50,931,832)	(34,169,189)
13,858,669	13,260,144
8,874,472	17,495,605
(2,474,678)	(2,416,769)
(15,556,510)	(10,726,183)
(4,619,417)	(3,086,971)
(1,467,959)	(906,561)
(1,385,423)	13,619,265
2,158,115	5,309,942
(36,581,737)	(44,415,236)
96,417,103	31,459,145
249,266	119,351
60,857,324	6,092,467
1,855,926	(4,255,639)
62,713,250	1,836,828
	3,946,536
(9,382,322)	3,946,536
53,330,928	5,783,364
67,043,434	6,090,852
(4,330,184)	(4,254,024)
62,713,250	1,836,828
(9,382,322)	3,946,536
-	-
(9,382,322)	3,946,536
57,661,112	10,037,388
(4,330,184)	(4,254,024)
53,330,928	5,783,364
4.01	0.70
4.67	0.42

% Change

Continuing operations Revenue/ Income Cost of sales Gross profit

Other income

Selling & distribution expenses

Administrative expenses

Depreciation and Amortization Other expenses

Results from operating activities

Finance income Finance cost

Results on acquisition and disposal of group investments

Share of profit of equity accounted investees (Net of tax) Profit/(loss) before taxation from continuing operations Taxation

Profit/(loss) for the period from continuing operations Discontinued operations

Profit/(loss) after tax for the period from discontinued operations and assets held for sale Total comprehensive income for the period

Profit/ (loss) attributable to; (Continuing operations)

Equity holders of the company Non-controlling interests

Profit/ (loss) attributable to; (Discontinued operations operations)

Equity holders of the Company Non-controlling interests

Profit/(loss) attributable to Equity holders of the Company Non -controlling interest

Earnings/(loss) per Share - Rs.

Basic, profit/ (loss) from continuing operations

Other comprehensive income Item that will never be reclassified to profit or loss in subsequent period

Net change in revaluation surplus of property, plant and equipment

Revaluation surplus on property, plant and equipment Deferred tax (charge)/reversal on revaluation surplus

Net actuarial gains/(losses) on defined benefit plans Actuarial gains/(losses) on defined benefit obligations Deferred tax (charge)/reversal on actuarial gains/(losses)

Net change in fair value on investments in equity

Net gain/(loss) on equity instruments at fair value through OCI

Share of other comprehensive income of equity accounted investees

Net other comprehensive income to be reclassified to income statement in subsequent periods

Change in fair value on investments in debt instruments at fair value through other comprehensive income

Fair value gains/(losses) that arose during the Period

Deferred tax financial Instruments at fair value through other comprehensive income

Foreign currency translation differences for foreign operations

Exchange gain/(loss) from translation of foreign operation

Share of other comprehensive income of equity accounted investees

Total other comprehensive income Total comprehensive income for the period Total Comprehensive Income attributable to

Equity holders of the Company Non-controlling interest

25%

57%

-25%

-103%

34%

-4%

>100%

-51%

49%

>100%

20,902,372	809,352
(4,203,700)	7,657
(630,098)	(187,584)
210,207	47,044
(8,875)	-
879,149	1,141,983
(11,191)	13,851
12,334	(21)
2,762,270	(1,112,211)
554,754	(93,927)
20,467,222	626,144
29,536,291	(13,563,675)
25,517,275	(9,002,704)
4,019,017	(4,560,971)
29,536,291	(13,563,675)

>100%

37%

-49%

-2%

-45%

-50%

-62%

-59%

18%

>100%

20,902,372	809,352
(4,203,700)	(59,633)
(686,775)	(187,584)
210,207	47,044
(8,875)	(106)
879,149	1,141,983
(19,852)	13,851
12,334	(21)
(2,755,620)	4,423
542,611	(98,674)
14,871,851	1,670,635
68,202,779	7,453,999
69,374,566	13,972,292
(1,171,786)	(6,518,293)
68,202,779	7,453,999

>100%

23%

>100%

Browns Investments PLC

Statement of Profit or Loss and Other Comprehensive Income

Company Quarter ended 31st March Year ended 31st March

	2025	2024	% Change	2025	2024	% Change
Continuing operations	(Un Audited) Rs.000	(Un Audited) Rs.000		(Un Audited) Rs.000	(Audited) Rs.000
Revenue/Income	9,787	18,406	-47%	114,298	66,289	72%
Cost of sales	-	-	0%	-	-	0%
Gross margin	9,787	18,406	>100%	114,298	66,289
Other income	2,308,390	23,362	>100%	2,319,676	38,649	>100%
Administrative expenses	32,430	545,750	-94%	(232,346)	(277,820)	-16%
Provision for impairment of amount due from Related Parties	(2,636,507)	(534,540)	>100%	(2,636,507)	(534,540)	>100%
Finance income	2,405,497	6,647,572	-64%	9,772,921	13,969,340	-30%
Finance cost	(4,986,435)	(11,381,838)	-56%	(20,271,440)	(28,250,219)	28%
Change in fair value of Investment Properties	198,485	306,293	-35%	198,485	306,293	-35%
Results on disposal of group investments	-	-	>100%	-	544,460	>100%
Share of profit of equity accounted investees (Net of tax)	26,161,147	(9,489,700)	>100%	77,717,835	20,339,130	>100%
Profit/(loss) before taxation	23,492,794	(13,864,695)		66,982,922	6,201,582
Taxation	60,512	(89,465)	>100%	60,512	(110,730)	>100%
Profit/(loss) for the year continuing operations	23,553,306	(13,954,160)		67,043,434	- 6,090,852
Profit/ (loss) attributable to; (Discontinued operations operations)	(13,470,656)	2,008,182		(9,382,322)	3,946,536
Total comprehensive income for the period	10,082,650	(11,945,978)		57,661,112	10,037,388
Other comprehensive income
Net change in revaluation surplus of property, plant and equipment
Revaluation surplus on property, plant and equipment	59,818	-	>100%	59,818	-	>100%
Deferred tax (charge)/reversal on revaluation surplus	(17,945)	-	>100%	(17,945)	-	>100%
Net actuarial gains/(losses) on defined benefit plans
Actuarial gains/(losses) on defined benefit obligations	(758)	549	>100%	(758)	549	>100%
Deferred tax (charge)/reversal on actuarial gains/(losses)	227	(165)	>100%	227	(165)	>100%
Net change in fair value on investments in equity Net gain/(loss) on equity instruments at fair value through OCI	(60)	1	>100%	98	(105)	>100%
Item that are or may be reclassified to profit or loss in subsequent period
Share of other comprehensive income of equity accounted investees Share of other comprehensive income of equity accounted investees	15,393,343	2,942,889	>100%	11,672,014	3,934,625	>100%
Total other comprehensive income	15,434,625	2,943,274		11,713,454	3,934,904
Total comprehensive income for the period	25,517,275	(9,002,704)		69,374,566	13,972,292

Earnings/ (loss) per Share - Rs.	0.70	(0.83)		4.01	0.70
Basic, profit/ (loss) from continuing operations	1.64	(0.97)		4.67	0.42

Browns Investments PLC

Statement of Financial Position


As at	As at	As at	As at
31/03/2025	31/03/2024	31/03/2025	31/03/2024
(Un Audited)	(Audited)	(Un Audited)	(Audited)
Rs.000	Rs.000	Rs.000	Rs.000
249,015,462	188,636,512	135,777	86,810
103,948,645	102,311,438	2,836,200	2,637,715
2,166,575	2,018,848	234	2,301
158,749,666	65,226,533	-	-
22,174,815	12,298,224	-	-
16,128,682	10,599,662	-	-
-	-	229,209,921	142,384,866
38,022	39,718,864	6,787	37,510,472
489,744	229,072	445	346
2,722,357	1,567,006	-	-
555,433,968	422,606,159	232,189,364	182,622,510
23,037,455	13,960,687	-	-
48,861,486	50,825,932	32,186,016	23,078,044
2,836,542	507,959	8,338,914	8,125,761
822,719	866,132	25,771,045	31,067,810
455,273	184,244	-	-
4,603,026	2,795,441	3,070,753	1,142,805
27,450,749	-	27,450,749	-
6,502,109	5,585,870	32,368	211,655
114,569,359	74,726,265	96,849,845	63,626,075
670,003,327	497,332,424	329,039,209	246,248,585
31,004,439	31,004,439	31,004,439	31,004,439
60,270,972	50,454,862	60,270,972	50,454,862
103,881,975	48,142,254	103,881,975	48,142,254
195,157,386	129,601,555	195,157,386	129,601,555
76,334,458	54,077,127	-	-
271,491,844	183,678,682	195,157,386	129,601,555
24,069,348	22,399,220	1,000,000	2,000,000
13,040,917	13,955,080	-	-
5,418,281	3,496,124	4,289	5,194
50,523,472	27,509,864	440,496	358,239
338,050	352,221	-	-
685,541	7,660,157	-	-
94,075,609	75,372,666	1,444,785	2,363,433
83,421,498	95,977,345	51,737,676	33,118,397
9,341,792	7,436,270	1,000,000	1,000,000
2,144,008	413,102	-	-
3,691,456	3,124,263	12,329	5,012,322
173,080,940	116,635,421	68,195,994	68,222,848
698,248	368,138	-	125,053
27,451,389	13,907,173	11,441,933	6,804,311
4,606,543	419,364	49,106	666
304,435,874	238,281,076	132,437,038	114,283,597
670,003,327	497,332,424	329,039,209	246,248,585
13.58	9.02	13.58	9.02

Group Company

ASSETS

Non-Current Assets

Property, plant and equipment

Investment property

Intangible assets

Right of use assets

Bearer biological assets

Consumable biological assets

Investments in subsidiaries

Investments in equity accounted investees

Other financial assets

Deferred tax assets

Current Assets

Inventories

Trade and other receivables

Loans to related parties

Amounts due from related parties

Income tax recoverable

Other financial assets

Assets held for sale

Cash and cash equivalents

Total Assets EQUITY AND LIABILITIES

Capital and Reserves

Stated capital

Reserves

Retained earnings

Equity Attributable to Equity holders of the Company

Non- controlling interest

Total Equity

Non-Current Liabilities

Interest bearing loans and borrowings

Lease liability

Retirement benefit obligations

Deferred tax liabilities

Deferred income

Loans from related parties

Current Liabilities

Trade and other payable

Interest bearing loans and borrowings

Lease liability

Loans from related parties

Amounts due to related parties

Income tax payable

Other short term borrowings

Bank overdrafts

Total Equity and Liabilities

Net Assets per Share (Rs.)

The Statement of Financial Position as at 31st March 2025 and related Statements of Comprehensive Income, Changes in Equity and Cash Flow for the period ended 31st March 2025 are drawn up from the unaudited Financial Statements of the Company, its Subsidiaries and Associates, and they provide the information required by the Colombo Stock Exchange.

The Board of Directors is responsible for the preparation and presentation of these Financial Statements. The Chief Financial Officer, LOLC Group certifies that the Financial Statements have been prepared in compliance with the requirements of the Companies Act No. 7 of 2007.

Sgd.

Sunjeevani Kotakadeniya

Chief Financial Officer, LOLC Group

Signed for and on behalf of the Board.

Sgd.

Kapila Jayawardena

Director

Colombo

30th May 2025

Sgd.

K. Sivanesan

Director

Browns Investments PLC Statement of Changes in Equity

Group

	Stated capital	Revaluation reserve	Fair valuation reserve	Foreign currency translation Reserve	Revenue reserves	Total	Non- controlling interest	Total equity
	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000
Balance as at 1st April 2023	31,004,439	23,110,976	2,430,697	20,672,154	36,394,949	113,613,215	58,297,498	171,910,713
Total comprehensive income for the year
Profit/(loss) for the year	-	-	-	-	10,037,388	10,037,388	(4,254,024)	5,783,364
Other comprehensive income	-	742,478	1,095,672	2,402,885	(306,131)	3,934,904	(2,264,269)	1,670,635
Total comprehensive income for the year	-	742,478	1,095,672	2,402,885	9,731,257	13,972,292	(6,518,293)	7,453,999
Contributions by and distributions to owners Share Issues by Subsidiaries to Non Controlling Interests							365,076	365,076
On acquisition of Subsidiary							7,471,776	7,471,776
On disposal of subsidiaries							(3,163,135)	(3,163,135)
Net Assets Changes in Common Control Transactions					(61,251)	(61,251)	-	(61,251)
Changes in group holdings	-	-	-	-	2,077,299	2,077,299	(2,375,795)	(298,496)
Total changes in ownership interests	-	-	-	-	2,016,048	2,016,048	2,297,922	4,313,970
Balance as at 31st March 2024	31,004,439	23,853,454	3,526,369	23,075,039	48,142,254	129,601,555	54,077,127	183,678,682

31,004,439

36,980,947

2,529,297

20,760,728

(3,283,637)

103,881,975

(3,283,637)

195,157,386

23,429,117

76,334,458

20,145,480

271,491,844

Attributable to Equity holders of the Company

31,004,439	23,853,454	3,526,369	23,075,039	48,142,254	129,601,555	54,077,127	183,678,682
-	-	-	-	57,661,112	57,661,112	(4,330,184)	53,330,928
-	14,090,387	933,969	(2,314,311)	(996,591)	11,713,454	3,158,398	14,871,852
-	14,090,387	933,969	(2,314,311)	56,664,521	69,374,566	(1,171,786)	68,202,780
	(962,894)	(1,931,041)		2,358,837	(535,099)	-	(535,099)
-	(962,894)	(1,931,041)	-	2,358,837	(535,099)	-	(535,099)
						7,578,377	7,578,377
				(3,283,637)	(3,283,637)	3,286,711	3,074
-	-	-	-	-	-	12,564,029	12,564,029

Balance as at 1st April 2024 Total comprehensive income for the year

Profit/(loss) for the year Other comprehensive income

Total comprehensive income for the year

Other comprehensive income reclassified to profit or loss

Transactions due to changes in group holdings

Share issued by subsidiaries to non controlling interest Changes in group holdings

On acquisition of Subsidiaries

Total changes in ownership interests Balance as at 31st March 2025 Company

	Stated capital	Revaluation reserve	Fair valuation reserve	Foreign Currency Translation Reserve	Revenue reserves	Total
	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000
Balance as at 1st April 2023 Total comprehensive income for the year Profit/(loss) for the year	31,004,439 -	23,110,976 -	2,430,697 -	20,672,154	36,394,949 10,037,388	113,613,215 10,037,388
Other comprehensive income	-	742,478	1,095,672	2,402,885	(306,131)	3,934,904
Other equity adjustments of equity accounted investees	-	-	-	-	2,016,048	2,016,048
Total comprehensive income for the year	-	742,478	1,095,672	2,402,885	11,747,305	15,988,340
Balance as at 31st March 2024	31,004,439	23,853,454	3,526,369	23,075,039	48,142,254	129,601,555

31,004,439	23,853,454	3,526,369	23,075,039	48,142,254	129,601,555
-	-	-		57,661,112	57,661,112
-	14,090,387	933,969	(2,314,311)	(996,591)	11,713,454
-	14,090,387	933,969	(2,314,311)	56,664,521	69,374,566
-	(962,894)	(1,931,041)	-	(924,800)	(3,818,735)
31,004,439	36,980,947	2,529,297	20,760,728	103,881,975	195,157,386

Balance as at 1st April 2024 Total comprehensive income for the year

Profit/(loss) for the year Other comprehensive income

Total comprehensive income for the year

Other Equity adjustments of equity accounting investees

Balance as at 31st March 2025

Browns Investments PLC Cash Flow Statements

Cash flows from operating activities

Profit/(loss) before taxation from continuing operations Profit/(loss) before taxation from discontinued operations

Adjustments for :

Net change in fair value of investment properties Provision for retirement benefit obligations

Net change in fair value of consumable biological assets

Gain on disposal of old rubber trees and other related income Depreciation/amortization recognised to cost of sales Depreciation/amortization recognised to Administration and distribution costs Amortization of deferred income

Share of profit/(loss) of equity accounted investees (Net of tax)

Share of profit/(loss) of equity accounted investees (Net of tax) (discontinued operations) Allowance for impairment of Inventory

Allowance for impairment of trade and other receivables

Allowance for impairment of related party receivables

Allowance for impairment of Property plant and equipment/ Bearer biological assets Write back of payables

Gain on bargain purchase Finance cost

Interest income

(Gain)/loss from change in fair value of investments Impairment in investment in subsidiaries

(Gain)/loss on disposal of property, plant and equipment Gain on disposal of bearer biological assets

Dividend received from equity accounted investees Written-off of Consumable/ bearer biological assets Results on acquisition and disposal of group investments

Fair value Gain/(Loss) recognised to income statement (discontinued operations)

(Gain)/loss on disposal of quoted and non-quoted shares/government securities (Gain)/loss on disposal of group investments

Operating profit before working capital changes Working capital changes

(Increase)/decrease in inventories (Increase)/decrease in trade and other receivables

(Increase)/decrease in amounts due from related parties Increase/(decrease) in trade and other payables Increase/(decrease) in amounts due to related parties Cash generated from/(used in) operations

Retiring gratuity paid Interest paid

Income tax/ESC paid

Net cash generated from/(used in) operating activities Cash flows from investing activities Net investment in subsidiaries Acquisition of Subsidiaries

On disposal of subsidiaries Investments in Intangible assets

Net receipts/(Investment) in long term financial assets

Acquisition and construction of property, plant and equipment Investment in Investment properties

Net (investment)/ proceeds from bearer/ consumable biological assets

Net investment in consumable biological assets Interest income received

Dividend income received

Net receipts/(investments) in other financial assets Loans granted to related parties

Net cash proceeds to loans to related parties

Loan settlements by related parties Acquisition of investment properties Grant Received

Share issued to non-controlling interests Acquisition of non-controlling interests

Net cash generated/(used in) investment activities Cash flows from financing activities

Repayment of lease rentals

Net proceeds/ (repayments) of interest bearing borrowings/ Lease rentals Proceeds from issue of debentures

Net proceeds/ (repayments) of other short term interest bearing liabilities Net proceeds from/ loans from related Parties

Repayment of loans from related parties

Share issue by subsidiaries to non- controlling interests Net cash flows generated from financing activities

Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of the year Cash and cash equivalents at end of the year

Note A : Cash and cash equivalents at end of the year

Cash in hand and at banks Bank overdrafts

Group Company Year ended 31st March Year ended 31st March 2025 2024 2025 2024 Rs.000 Rs.000 Rs.000 Rs.000

(Un Audited) 60,857,324 (9,382,322)	( Audited) 6,092,467 3,946,536	(Un Audited) 66,982,922 (9,382,322)	(Audited) 6,201,582 3,946,536
51,475,002	10,039,003	57,600,600	10,148,118
(1,527,943)	(11,928,293)	(198,485)	(306,293)
953,264	338,384	1,744	1,412
(910,095)	(1,087,485)	-	-
(1,180)	(1,713)	-	-
2,843,443	2,775,372	-	-
4,619,418	3,086,971	13,204	16,482
(14,171)	(21,176)	-	-
(249,266)	(119,351)	(77,717,835)	(20,339,130)
(8,117,155)	(3,946,536)	(8,117,155)	(3,946,536)
-	54,552	-	-
260,866	136,541	-	-
-	(19,911)	2,636,507	-
-	3,899	-	-
-	(462,594)	-	-
(96,971,256)	(31,497,130)	-	-
36,581,737	44,415,236	20,271,440	28,250,219
(2,158,115)	(5,309,942)	(9,772,921)	(13,969,340)
71,978	(239,775)	(3,522)	(32,514)
-	-	2,635	12,627
(301,255)	(983,662)	-	-
-	(5,089)	-	-
1,291,060	-	1,291,060	339,518
-	253	-	-
554,153	-	-	-
17,499,478	-	17,499,477	-
-	(11,611)	(25,479)	-
-	37,985	-	(544,460)
5,899,963	5,253,928	3,481,270	(369,897)
(633,164)	1,123,124	-	-
12,127,662	(4,483,993)	596,355	(538,183)
2,734,162	(87,291)	2,660,258	8,686,395
(30,037,053)	38,967,633	(714,367)	(844,007)
39,711,254	(14,364,930)	(26,854)	(11,108,010)
29,802,824	26,408,471	5,996,662	(4,173,702)
(457,085)	(577,543)	(3,406)	(261)
(12,269,095)	(13,384,659)	(937,794)	(1,410,484)
(567,119)	(539,443)	-	(21,264)
16,509,525	11,906,826	5,055,462	(5,605,711)
-	-	(136,256)	(425,117)
(4,568,550)	(5,525,974)	(1,740,773)
-	3,607,239	-	1,005,133
-	(15,541)	-	-
(604)	477,402		-
(13,467,303)	(9,612,281)	(284)	(26,950)
(56,054)	-		-
(1,377,116)	(1,264,649)	-	-
-	285,910	-	-
2,158,115	5,309,942	68,594	89,824
-	443,895	-	-
(1,879,563)	452,940	(1,898,947)	(84,647)
-	-	(213,153)	(6,607,243)
	91,538	-	7,000,071
(2,328,583)	-	-	-
-	(15,421)	-	(2,422)
-	6,637
3,074	-	-	-
-	(298,496)	-	-
(21,516,584)	(6,056,859)	(3,920,819)	948,649
(450,419) (4,950,255) -13,544,216 (6,407,423) - -	(4,772,063) 773,025 (528,300) (6,657,472) 6,612,120 -365,076	-(1,000,000) -4,637,622 (4,999,993) - -	-(1,000,000) -820,074 456,500 4,543,000 -
1,736,119	(4,207,614)	(1,362,371)	4,819,574
(3,270,940)	1,642,353	(227,727)	162,512
5,166,506	3,524,153	210,989	48,477
1,895,566	5,166,506	(16,738)	210,989
6,502,109	5,585,870	32,368	211,655
(4,606,543)	(419,364)	(49,106)	(666)
1,895,566	5,166,506	(16,738)	210,989

Browns Investments PLC

Notes to the Financial Statements

1	Corporate Information

Browns Investments PLC ("Company") is a public limited company incorporated and domiciled in Sri Lanka and listed on the Colombo Stock Exchange. The registered office of the Company is

located at 481, T B Jayah Mawatha, Colombo 10.

The Business Office of the Company is located at No.100/1, Sri Jayewardenapura Mawatha, Rajagiriya.

The Interim Financial Statements of the Group and the Company for the period ended 31st March 2025 was authorised for issue by the Board of Directors on 30th May 2025.

2	Basis of Preparation
	The Interim condensed Financial Statements of the Company & Group have been prepared in accordance with the Sri Lanka Accounting Standards (SLFRS/LKAS) which complies with the Sri Lanka Accounting Standard - LKAS 34, Interim Financial Reporting.
	The presentation and classification of the Financial Statements of the previous year have been amended, where relevant, for better presentation and to be comparable with those of the current period. There were no changes to the accounting policies and methods of computation since the publication of the Annual Report for the year ended 31st March 2024.

3	Stated Capital
	Stated Capital is represented by number of shares in issue as given below:
	Ordinary Shares (Nos.000)

31-Mar-25	31-Mar-24
14,369,717	14,369,717

4	Contingent Liabilities

There has not been a significant change in the nature of the contingent liabilities, which were disclosed in the Annual Financial Statements for the year ended 31st March 2024.

5	Events occurring after the reporting date
	No circumstances have arisen since the reporting date which would require adjustments or disclosures in the Interim Financial Statements.

Acquisition of Tea Smallholder Factories PLC

On 3rd April 2025, Udapussellawa Plantations PLC (UPL), a subsidiary of the Group, acquired a 37.59% equity stake in Tea Smallholder Factories PLC for a total consideration of Rs. 394.7 million. In accordance with Rule 36 of the Company Takeovers and Mergers Code 1995 (as amended in 2003) and gazetted in Extraordinary Gazette No. 875/9 dated 26th June 1995, UPL has made a mandatory offer to the shareholders of Tea Smallholder Factories PLC.

Acquisition of LMC Plantations (Pvt) Ltd

On 5th May 2025, Browns Power Holdings (Pvt) Ltd (BPH), a subsidiary of the Group, acquired a 100% equity stake in FLMC Plantations (Pvt) Ltd for a total consideration of Rs. 4.8 billion.

FLMC Plantations (Pvt) Ltd is the holding company and management agent of Pussellawa Plantations Ltd ( PPL) and Melfort Green Teas (Pvt) Ltd manages over 11,500 hectares of agricultural land across 24 estates. This includes approximately 5,400 hectares of tea, 5,900 hectares of rubber, and 200 hectares dedicated to minor crops.

Divestment of 9.99% ordinary shares of Hattiona National Bank PLC

The company divested 9.99% of its ordinary voting shares held in Hatton National Bank PLC on 27th May 2025 ( Refer Note 8.2)

Earnings per Share

The computation of the Basic Earnings per Ordinary Share has been done based on net profit attributable to ordinary shareholders for the period, divided by weighted average number of

ordinary shares in issue as at the balance sheet date and calculated as follows.

Group		Company
31-Mar-25	31-Mar-24	31-Mar-25	31-Mar-24

For the year

Net Profit / (loss) attributable to ordinary shareholders (Rs.000)

Net Profit / (loss) attributable to ordinary shareholders from continuing operations (Rs.000)

57,661,112	10,037,388	57,661,112	10,037,388
67,043,434	6,090,852	67,043,434	6,090,852

Weighted average number of ordinary shares

Issued ordinary shares at the beginning of the year (Nos.000)

Weighted average number of ordinary shares (Nos 000)

14,369,717	14,369,717	14,369,717	14,369,717
14,369,717	14,369,717	14,369,717	14,369,717

Basic, profit for the year attributable to ordinary equity holders of the parent

Basic, profit/ (loss) from continuing operations attributable to ordinary equity holders of the parent

4.01	0.70	4.01	0.70
4.67	0.42	4.67	0.42

Group		Company
31-Mar-25	31-Mar-24	31-Mar-25	31-Mar-24

For the quarter

Net Profit / (loss) attributable to ordinary shareholders (Rs.000)

Net Profit / (loss) attributable to ordinary shareholders from continuing operations (Rs.000)

10,082,650	(11,945,978)	10,082,650	(11,945,978)
23,553,306	(13,954,160)	23,553,306	(13,954,160)

Weighted average number of ordinary shares

Issued ordinary shares at the beginning of the year (Nos.000)

Weighted average number of ordinary shares (Nos 000)

14,369,717	14,369,717	14,369,717	14,369,717
14,369,717	14,369,717	14,369,717	14,369,717

Basic/diluted earnings per ordinary share (Rs.)

Basic, profit/ (loss) from continuing operations attributable to ordinary equity holders of the parent

0.70	(0.83)	0.70	(0.83)
1.64	(0.97)	1.64	(0.97)

Browns Investments PLC

Notes to the Financial Statements

7	Valuation of financial assets and liabilities

As at 31st March 2025 - Group	Financial assets at amortised cost	Financial assets at fair value through profit or loss (FVTPL)	Fair Value through Other comprehensive income (FVOCI)	Financial liabilities measured at amortised cost	Total Fair Value	Fair value measurement level
Financial instruments in non-current assets
Other financial assets	-	-	489,744	-	489,744	Level 1 and Level 3

Financial instruments in current assets
Trade and other receivables	48,861,486	-	-	-	48,861,486	Level 3
Loans to related parties	2,836,542	-	-	-	2,836,542	Level 3
Amounts due from related parties	822,719	-	-	-	822,719	Level 3
Other current financial assets	3,957,863	645,163	-	-	4,603,026	Level 1 and Level 3
Cash at bank	6,502,109	-	-	-	6,502,109	Level 3
Total financial assets	62,980,719	645,163	489,744	-	64,115,626

Financial instruments in non-current liabilities
Loans and Borrowings				24,069,348	23,467,614	Level 3
Loans from Related parties				685,541	676,629	Level 3

Financial instruments in current liabilities
Trade and other payables	-	-	-	83,421,498	82,337,019	Level 3
Loans and Borrowings	-	-	-	9,341,792	9,220,349	Level 3
Loan from Related parties	-	-	-	3,691,456	3,691,456	Level 3
Amounts due to related parties	-	-	-	173,080,940	170,830,888	Level 3
Current financial liabilities	-	-	-	698,248	698,248	Level 3
Other short term borrowings	-	-	-	27,451,389	27,451,389	Level 3
Bank overdrafts	-	-	-	4,606,543	4,606,543	Level 3
Total financial liabilities	-	-	-	327,046,755	322,980,134

As at 31st March 2024 - Group	Financial assets at amortised cost	Financial assets at fair value through profit or loss (FVTPL)	Fair Value through Other comprehensive income (FVOCI)	Financial liabilities measured at amortised cost	Total Fair Value	Fair value measurement level
Financial instruments in non-current assets
Other financial assets		-	229,072	-	229,072	Level 1 and Level 3

Financial instruments in current assets
Trade and other receivables	50,825,932	-	-	-	50,825,932	Level 3
Loans to related parties	507,959	-	-	-	507,959	Level 3
Amounts due from related parties	866,132	-	-	-	866,132	Level 3
Other current financial assets	1,832,201	963,240	-	-	2,795,441	Level 1 and Level 3
Cash at bank	5,585,870	-	-	-	5,585,870	Level 3
Total financial assets	59,618,094	963,240	229,072	-	60,810,406

Financial instruments in non-current liabilities
Loans and Borrowings				22,399,220	29,312,568	Level 3
Loans from Related parties				7,660,157	3,748,503	Level 3

Financial instruments in current liabilities
Trade and other payables	-	-	-	95,977,345	57,304,370	Level 3
Loans and Borrowings	-	-	-	7,436,270	3,344,519	Level 3
Loan from Related parties	-	-	-	3,124,263	3,124,263	Level 3
Amounts due to related parties	-	-	-	116,635,421	103,252,654	Level 3
Current financial liabilities	-	-	-	368,138	368,138	Level 3
Other short term borrowings	-	-	-	13,907,173	13,907,173	Level 3
Bank overdrafts	-	-	-	419,364	419,364	Level 3
Total financial liabilities	-	-	-	267,927,351	214,781,552

Browns Investments PLC

Notes to the Financial Statements

8	Results on acquisition and disposal of group investments

		Group
Note	Quarter ended 31st March		Year ended 31st March
	2025	2024	2025	2024
	Rs.000	Rs.000	Rs.000	Rs.000
8.1	33,275,598	2,026,745	96,971,256	31,497,130
	(554,153)	(37,985)	(554,153)	(37,985)
	32,721,445	1,988,760	96,417,103	31,459,145

Continuing operations

Gain on bargain purchase

Other Investments

Group/Company
Quarter ended 31st March		Year ended 31st March
2025	2024	2025	2024
Rs.000	Rs.000	Rs.000	Rs.000
(17,499,477)	-	(17,499,477)	-
(17,499,477)	-	(17,499,477)	-

Discontinued operations operations

Results on classified investment in associate as held for sale 8.2

8.1 B Commodities ME FZE, incorporated in United Arab Emirates, a subsidiary of Browns Investments PLC acquired below mentioned companies during the year.

Company Name	Note	Country of Incorporation	Percentage of acquired	Date of Acquisition
Lipton Teas and Infusions Kenya Plc	8.1.1.	Kenya	98.94%	30th July 2024
Limuru Tea Plc *	8.1.2.	Kenya	51.99%	30th July 2024
Lipton Teas and Infusions Rwanda Ltd	8.1.3.	Rwanda	100.00%	30th July 2024
James Finaly Guizhou Company Ltd	8.1.4.	China	100.00%	31st July 2024
Lipton Teas and Infusions Tanzania Ltd	8.1.5.	Tanzania	100.00%	20th December 2024
Sierra Cables PLC	8.1.6	Sri Lanka	56.59%	20th March 2025

* The 51.99% of Limuru Tea Plc is held by Lipton Teas and Infusions Kenya Plc.

The provisional fair values of the identifiable assets and liabilities of the acquiree as at the date of acquisition were;
	Note 8.1.1.	Note 8.1.2.	Note 8.1.3.	Note 8.1.4.	Note 8.1.5.	Note 8.1.6.
	Lipton Teas and Infusions Kenya Plc	Limuru Tea Plc	Lipton Teas and Infusions Rwanda Ltd	James Finaly Guizhou Company Ltd	Lipton Teas and Infusions Tanzania Ltd	Sierra Cables PLC	Total
	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000
Assets
Property, plant and equipment	21,108,285	8,665	3,976,471	624,267	8,109,901	3,706,132	37,533,721
Right-of-use assets ( Land)	66,982,251	21,367,258	1,958,701	-	1,967,327	-	92,275,537
Intangible assets				-			-
Investment in Subsidiaries	56,499	-	-	-	-		56,499
Investment in Associates						31,610	31,610
Bearer biological assets	6,757,342	182,189	999,303	-	1,897,519		9,836,353
Consumable biological assets	3,427,617	34,278	-	-	1,401,725	72,932	4,936,552
Other current assets	260,068	-	-	-	-		260,068
Inventories	2,556,101	-	307,411	440,927	1,798,714	3,340,451	8,443,604
Trade and other receivables	5,518,286	18,760	1,281,700	131,394	1,176,823	2,297,119	10,424,082
Amount due from related parties		221,063	-	20,885	-	2,448,801	2,690,749
Current Tax Assets		14,403	-	92,047	1,167,814	744	1,275,008
Cash and cash equivalents	647,139	16,341	81,853	79,242	234,779	769,477	1,828,831
	107,313,588	21,862,957	8,605,439	1,388,762	17,754,602	12,667,266	169,592,614

Liabilities
Retirement benefit obligations	165,308	48,219	5,639	-	338,123	106,206	663,495
Deferred tax liabilities	16,567,797	3,216,441	52,089	-		676,808	20,513,135
Amounts due to related parties	-	-	-	218,485	241,674	568,887	1,029,046
Income tax payable	-	-	-	-	-	280,330	280,330
Other short term borrowings	-	-	-	-	-	1,980,731	1,980,731
Loan and Borrowings	-	-	-	103,178	9,014	2,349,029	2,461,221
Trade and other Payables	5,842,755	49,679	730,642	278,238	1,730,696	578,713	9,210,723
	22,575,860	3,314,339	788,370	599,901	2,319,507	6,540,704	36,138,681
Fair value of identifiable net assets acquired	84,737,728	18,548,618	7,817,069	788,861	15,435,096	6,126,562	133,453,933

Results of the above acquisition is as follows;

Fair value of identifiable net assets acquired	84,737,728	18,548,618	7,817,069	788,861	15,435,096	6,126,562	133,453,933
Less: Fair value of consideration	18,046,438	-	2,256,739	-	91,783	3,752,816	24,147,776
Non-controlling interests arising from the acquisition	899,366	9,005,291	-	-	-	2,659,368	12,564,025
Intra Group Investment	56,497	-	-	-	-	-	56,497
Gain on bargain purchase	65,735,427	9,543,327	5,560,330	788,861	15,343,313	-	96,971,257
Goodwill	-	-	-	-	-	285,622	285,622

Net cash used in acquisition
Purchase consideration	18,046,438	-	2,256,739	-	91,783	3,752,816	24,147,776
Consideration to be paid	14,100,108	-	1,638,244	-	-	-	15,738,352
Consideration paid	3,946,330	-	618,495	-	91,783	1,740,773	6,397,381
Fair value of existing consideration	-	-	-	-	-	2,012,043	2,012,043
Consideration paid	3,946,330	-	618,495	-	91,783	1,740,773	6,397,381
Less: Cash & cash equivalents acquired	(647,139)	(16,341)	(81,853)	(79,242)	(234,779)	(769,477)	(1,828,831)
Net cash outflow	3,299,191	(16,341)	536,642	(79,242)	(142,996)	971,296	4,568,550

Browns Investments PLC

Notes to the Financial Statements

8.2

Non-Current Asset Held for Sale s Discontinued Operations

The Group's investment in Hatton National Bank PLC [HNB], previously classified as an equity-accounted investee in accordance with LKAS 28 - Investments in Associates and Joint Ventures, has

been reclassified as a non-current asset held for sale in line with the requirements of SLFRS 5 - Non-Current Assets Held for Sale and Discontinued Operations.

Following a strategic review, the Group's Investment Committee resolved to divest certain non-core long-term listed equity investments.As of the balance sheet date, the Group had initiated an active plan to sell the investment, including engagement with potential buyers. Subsequently, on 27th May 2025, the Group disposed of 45,529,624 listed ordinary voting shares of HNB, representing 9.99% of HNB's issued voting share capital.

Accordingly, the Group has assessed the investment under SLFRS 5 and determined that the criteria for classification as a non-current asset held for sale have been met. As required, the investment was remeasured at the lower of its carrying amount and fair value less costs to sell, resulting in a fair value loss of LKR 17.5 billion, which has been recognized in the income statement under "Fair value Gain/(Loss) on Non-Current Assets Held for Sale."

In accordance with SLFRS 5, both the current year and prior comparative period results relating to the investment in HNB (including the share of profit from the equity-accounted investee, net of tax) have been separately presented as part of discontinued operations in the Income Statement, Statement of Financial Position and Statement of Cash Flows of both the Separate and Consolidated Financial Statements of Browns Investments PLC.

Group/ Company

Rs.000

Carrying value as at 1st April 2023

Share of profits of equity accounted investees ( Net of Tax)

Share of other comprehensive income of equity accounted investees ( Net of Tax)

Dividend received

Carrying value as at 31st March 2024

Share of profits of equity accounted investees ( Net of Tax)

Share of other comprehensive income of equity accounted investees ( Net of Tax)

Dividend received

Carrying value of equity-accounted investees immediately before classifying to assets held for sale

Fair value Gain/(Loss) recognised to income statement

Fair value Gain/(Loss) recognised to Other comprehensive income

Carrying value non-current asset held for sale

32,924,835
3,946,536
1,077,858
(443,895)
37,505,334
8,117,155
1,343,281
(1,480,445)
45,485,325
(17,499,477)
(535,098)
27,450,750

Profit/(loss) after tax for the period from discontinued operations and assets held for sale

Share of profits of equity accounted investees ( Net of Tax)

Fair value Gain/(Loss) recognised to income statement

8,117,155

(17,499,477)

(9,382,322)

Browns Investments PLC

Notes to the Financial Statements

Segment reporting

An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Group's other components. All operating segments

operating results are reviewed regularly by Group Board of Directors to make decisions about resources to be allocated to the segment and to assess its performance, and for which discrete financial information is available.

Segment Information - Group
	Investments		Leisure & Travel		Construction/ Manufacturing & trading		Plantation		Real estate		Adjustments		Total
	2025	2024	2025	2024	2025	2024	2025	2024	2025	2024	2025	2024	2025	2024
	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000
Revenue/income	114,298	7,555	13,175,189	11,128,396	9,674,170	10,939,099	41,740,050	24,840,890	563,246	513,474	(476,455)	(81)	64,790,501	47,429,333
Cost of sales	-	-	(4,522,424)	(3,789,497)	(8,352,398)	(9,540,877)	(38,280,089)	(20,704,763)	(52,676)	(134,052)	275,755	-	(50,931,832)	(34,169,189)
Gross profit	114,298	7,555	8,652,765	7,338,899	1,321,772	1,398,222	3,459,962	4,136,127	510,571	379,422	(200,700)	(81)	13,858,669	13,260,144

Other income

Share of profit/ (loss) of equity

accounted investees

Results on acquisition and disposal of group investments

Expenses

Profit before taxation

Taxation

Profit after taxation

Segment assets

Non-current Assets

Current assets

Segment Liabilities

Non-current Liabilities

Current liabilities

4,570,477	1,243,146	1,292,898	827,897	-	275,512	4,326,124	3,387,939	1,493,334	13,091,690	(2,808,361)	(1,330,579)	8,874,472	17,495,605
-	-	-	-	-	-	-	-	-	-	249,266	119,351	249,266	119,351
96,417,103	33,843,434	-		-		-	(36,000)	-	-	-	(2,348,289)	96,417,103	31,459,145
(21,916,797)	(20,144,521)	(17,317,414)	(19,617,860)	(5,291,078)	(4,492,482)	(16,874,638)	(11,395,235)	(990,839)	(1,130,578)	3,848,582	538,897	(58,542,185)	(56,241,778)
79,185,081	14,949,614	(7,371,752)	(11,451,064)	(3,969,306)	(2,818,748)	(9,088,551)	(3,907,169)	1,013,065	12,340,534	1,088,786	(3,020,701)	60,857,325	6,092,467
260,026	(646,934)	1,295,396	(1,898,304)	51,244	49,685	302,295	(1,445,003)	(53,035)	(315,082)	-	-	1,855,926	(4,255,638)
79,445,106	14,302,680	(6,076,355)	(13,349,368)	(3,918,062)	(2,769,063)	(8,786,256)	(5,352,172)	960,031	12,025,452	1,088,786	(3,020,701)	62,713,250	1,836,828
196,509,213	178,822,295	123,942,099	105,326,757	14,688,883	11,079,650	298,524,627	162,557,637	100,693,540	99,208,600	(178,924,394)	(133,710,410)	555,433,968	423,284,529
119,281,395	80,481,104	16,110,619	19,441,954	39,301,484	37,844,340	46,289,707	17,926,124	22,165,204	14,512,306	(128,579,051)	(96,157,245)	114,569,359	74,048,583
315,790,608	259,303,399	140,052,718	124,768,711	53,990,367	48,923,990	344,814,334	180,483,761	122,858,744	113,720,906	(307,503,445)	(229,867,655)	670,003,327	497,333,112
14,791,817	23,045,430	21,701,780	24,212,247	5,849,625	9,184,523	47,067,412	26,566,153	2,635,198	2,840,061	2,029,776	(5,959,518)	94,075,609	79,888,896
243,452,194	184,250,294	56,567,420	50,978,509	37,586,496	31,448,800	63,609,107	34,846,659	35,619,209	27,545,984	(132,398,552)	(95,305,063)	304,435,874	233,765,183
258,244,011	207,295,724	78,269,200	75,190,756	43,436,121	40,633,323	110,676,519	61,412,812	38,254,407	30,386,045	(130,368,776)	(101,264,581)	398,511,483	313,654,079

10	Share Information
10.1	Market Price per Share
	The market value of an ordinary share of Browns Investments PLC was as follows:
	Last traded price recorded for 3 months ended
	Highest price recorded for 3 months ended
	Lowest price recorded for 3 months ended

31.03.2025	31.03.2024
Rs.	Rs.
7.30	5.40
9.40	6.00
7.10	4.00

10.2	Public Share Holdings as at 31st March 2025
	No. of shares held by public - 2,826,306,857
	No. of public shareholders - 36,221
	Percentage of shares held by the Public - 19.67%
	Float adjusted market capitalisation (Rs) - 20,569,826,536

Company complies with the Minimum Public Holding Requirement under option 1 as set out in the listing rules 7.14.1.(b) as at reporting date.

10.3	Twenty Major Shareholders

31.03.2025
Number of	(%)
Shares
4,608,280,773	32.07
1,210,000,000	8.42
800,000,000	5.57
2,657,300,594	18.49
500,000,000	3.48
400,000,000	2.78
327,750,536	2.28
722,000,000	5.02
277,722,000	1.93
155,782,610	1.08
125,835,986	0.88
52,659,230	0.37
48,140,625	0.34
40,000,000	0.28
40,000,000	0.28
38,166,514	0.27
31,731,436	0.22
29,135,781	0.20
25,072,432	0.17
23,000,000	0.16
22,398,949	0.16
20,000,000	0.14
18,031,529	0.13
16,926,108	0.12
12,189,935,103	84.84

Name of Shareholders

Hatton National Bank PLC/ Brown & Company PLC

Brown & Company PLC A/C No: 01

Commercial Bank of Ceylon PLC/ Brown & Company PLC

BI Holdings (Pvt) Ltd

LOLC Finance PLC / Don and Don Holdings (Pvt) Ltd

People's Leasing & Finance PLC / Don and Don Holdings (Private) Limited

Don and Don Holdings (Private) Limited

Mr. D.S.K. Amarasekara

Mrs. P.S.W. Rupasinghe

Commercial Bank of Ceylon PLC/ Phantom Investments (Pvt) Ltd

Sri Lanka Insurance Corporation Ltd - Life Fund

People's Leasing & Finance PLC / Capital Trust Holdings Ltd

Nuwara Eliya Property Developers ( Pvt) Ltd

Sampath Bank PLC/ Ishara Chinthaka Nanayakkara

Simonas Trust Service (Pvt) Ltd

Sri Lanka Insurance Corporation Ltd-General Fund

G.B.P.Thilakaratne

Synamon Global ( Pvt) Ltd

Sisil Investment Holdings ( Pvt) Ltd

Assetline Finance Limited/ Ceylon Capital Management ( Pvt) Ltd

Hatton National Bank PLC/ Dinesh Nagendra Sellamuttu

Sampath Bank PLC/ S.M.Dissanayake

Hatton National Bank PLC/ Ruwan Prassana Sugathadasa

Metrocorp (Pvt) Ltd

Total

31.03.2025
Number of
Shares
-
40,000,000
-
-
722,000,000
-
-
762,000,000

10.4	Directors' share holdings

Mr. I.C. Nanayakkara

Sampath Bank PLC/ Ishara Chinthaka Nanayakkara

Mr. W.D.K. Jayawardena

Ms. K.U. Amarasinghe

Mr. D.S.K. Amarasekera

Mr.K. Sivanesan

Mr. Chitral Wijesinha

Browns Investments PLC

Corporate Information

Name of the Company

Browns Investments PLC

Legal Form

A Public Limited Liability Company incorporated in Sri Lanka on 10th November 2008 under the Companies Act No.07 of 2007 and

the Company was listed on the Diri Savi Board of the Colombo Stock Exchange on 26th July 2011.

Company Registration Number

PV 66136PB/PQ

Board of Directors

I.C. Nanayakkara -Executive Chairman

W.D.Kapila Jayawardena - Non Executive Director

Mrs. K.U. Amarasinghe - Non Executive Director

D.S.K. Amarasekera - Non Executive Director

S. Furkhan - Independent Non Executive Director ( Retired w.e.f.1st January 2025)

Dr. J.M. Swaminathan - Senior Independent Non Executive Director ( Retired w.e.f.1st January 2025)

K. Sivanesan - Independent Non Executive Director (Appointed w.e.f. 1st October 2024)

Chitral .N. Wijesinha - Independent Non Executive Director (Appointed w.e.f. 1st January 2025)

Secretaries

L O L C Corporate Services (Pvt) Ltd

100/1, Sri Jayewardenepura Mawatha,

Rajagiriya

Tel: 011 5063000

Email: corporateservices@lolc.com

Registered Office

No. 481, T.B. Jayah Mawatha, (Darley Road),

Colombo 10

Tel: 011 5063000

Business Address

100/1, Sri Jayewardenepura Mawatha

Rajagiriya

Tel: 0115880880

Fax No. : 0112865606

Website: https://www.brownsinvestments.com

Auditors

Deloitte Partners

Chartered Accountants

100, Braybrooke Place

Colombo 02.

Tel : 011 7719838

Fax : 011 2303197

website : https://www.deloitte.com

Registrars

S S P Corporate Services (Pvt) Ltd

101, Inner Flower Road,

Colombo 3

Fax: 0112573609

Tel: 0112573894

Bankers

Bank of Ceylon

Hatton National Bank PLC

National Development Bank PLC

Sampath Bank PLC

Seylan Bank PLC

Union Bank of Sri Lanka

Bank of China

Earlier from Browns Investments

All Browns Investments news releases