Kelani Valley Plantations PlcCSELK: KVAL.N0000

Quarterly Financial statement as of 31st December 2024

Jan 31, 2025 at 3:23 AM UTC · Issued by Kelani Valley Plantations Plc

KELANI VALLEY PLANTATIONS PLC

Company Reg. No. - PQ 58

Interim Financial Statements

For the period ended 31 December 2024

CORPORATE INFORMATION

LEGAL FORM

A Public Limited Company

Incorporated in Sri Lanka on 18 June 1992

COMPANY NUMBER

PQ58

DIRECTORS

A.M. Pandithage - Chairman

W.G.R. Rajadurai - Managing Director

A.Weerakoon - Chief Executive Officer

Mohideen S.C.Ganegoda
C.V. Cabraal N.Ekanayake M.C.B.Talwatte

Ms.S.Amarasekera, PC

S.P.Peiris

SUBSIDIARIES

Kalupahana Power Company (Private) Limited

Mabroc Teas (Private) Limited

Kelani Valley Resorts (Private) Limited

SECRETARIES

Hayleys Group Services (Private) Limited 400, Deans Road, Colombo 10, Sri Lanka Telephone: 2627650-7 (8 Lines)

Fax: 2627645

E-mail: info.sec@hayleys.com

STOCK EXCHANGE LISTING

The ordinary shares of the Company are listed with the Colombo Stock Exchange of Sri Lanka

REGISTERED OFFICE/HEAD OFFICE

400, Deans Road, Colombo 10, Sri Lanka

Telephone: 2627700

Fax: 2694216

Web: www.kvpl.com

E-mail: postmaster@kvpl.com

PRINCIPAL LINES OF BUSINESS

Producing and Processing of Tea and Rubber

KELANI VALLEY PLANTATIONS PLC

									Company Reg. No. - PQ 58
			KELANI VALLEY PLANTATIONS PLC
			400, Deans Road Colombo 10.
			Interim Financial Statements as at 31 December 2024
			STATEMENT OF FINANCIAL POSITION
Group		Company			Group			Company
Audited		Audited			Unaudited			Unaudited		Unaudited	Unaudited
as at		as at			as at			as at		as at	as at
31.03.2024	31.03.2024			31.12.2024			31.12.2023		31.12.2024	31.12.2023
Rs. '000		Rs. '000			Rs. '000			Rs. '000		Rs. '000	Rs. '000
			ASSETS
			Non-Current Assets
770,009	770,009	Right-of-use assets		727,157			556,330		727,157	556,330
2,806,635	1,129,368	Freehold property, plant & equipment		3,104,625			2,854,113		1,159,111	1,158,129
3,991,849	3,991,849	Bearer biological assets		4,200,573			4,011,127		4,200,573	4,011,127
271,184	271,184	Biological assets - consumable		246,950			237,603		246,950	237,603
-	828,000	Investments in subsidiaries		-			-		828,000	828,000
139,858	-	Investments in equity accounted investee		147,271			133,860		-	-
423,225	423,225	Other non-current financial assets		423,225			396,970		423,225	396,970
36,376	-	Intangible assets		35,907			36,885		-	-
2,278	-	Deferred tax assets		95			4,742		-	-
8,441,415		7,413,635	Total non - current assets		8,885,803			8,231,630		7,585,016	7,188,159
			Current Assets
22,718	22,718	Produce on bearer biological assets		-			-		-	-
2,039,119	1,128,332	Inventories		2,038,009			2,221,223		1,159,515	1,282,285
-	23,225	Amounts due from subsidiaries		-			-		422,925	28,201
116,654	40,081	Amounts due from other related companies		110,293			91,963		66,466	30,839
2,407,619	753,471	Trade and other receivables		2,549,801			1,845,889		623,120	585,040
1,528,627	1,177,950	Short term investments		2,294,077			1,345,654		1,508,545	1,189,019
549,111	298,924	Cash and cash equivalents		373,374			337,561		61,848	19,820
6,663,847		3,444,700	Total current assets		7,365,554			5,842,290		3,842,419	3,135,204
15,105,262		10,858,335	Total assets		16,251,357			14,073,920		11,427,435	10,323,363
			EQUITY AND LIABILITIES
			Equity
340,000	340,000	Stated capital		340,000			340,000		340,000	340,000
			(Issued & fully paid 68,000,000 ordinary shares & 01 Golden Share)
7,523,982	5,201,046	Revenue reserves	7,888,110			7,267,492		5,277,350	4,900,527
7,863,982		5,541,046	Total equity attributable to equity holders of the company		8,228,110			7,607,492		5,617,350	5,240,527
69,048	-	Non-controlling interest	96,301			62,707		-	-
7,933,030		5,541,046	Total equity		8,324,411			7,670,199		5,617,350	5,240,527
			Non-Current Liabilities
62,604	-	Interest-bearing borrowings	24,479			81,250		-	-
655,491	655,491	Deferred income	638,142			656,354		638,142	656,354
1,102,838	1,022,010	Deferred tax liability	995,970			1,018,213		905,880	944,315
1,263,546	1,192,959	Retirement benefit obligations	1,861,780			1,037,930		1,782,082	974,968
854,897	854,897	Lease liability	847,283			617,071		847,283	617,071
3,939,376		3,725,357	Total non - current liabilities		4,367,654			3,410,818		4,173,387	3,192,708
			Current Liabilities
1,757,152	1,298,304	Trade and other payables	1,697,648			1,869,116		1,259,598	1,493,825
-	-	Dividends payable	-			17,000		-	17,000
8,239	8,239	Lease liability	8,239			19,963		8,239	19,963
-	208	Amounts due to subsidiaries	-			-		-	296
130,341	93,725	Amounts due to other related companies	124,264			73,879		87,981	43,844
-	-	Amounts due to equity accounted investee	10,289			-		-	-
262,652	188,081	Income tax payable	85,676			119,389		38,685	9,472
53,458	3,375	Interest-bearing borrowings payable within one year	48,958			59,667		-	4,500
1,020,781	-	Short-term interest-bearing borrowings	1,440,934			530,817		100,000	-
233	-	Bank overdraft	143,284			303,072		142,195	301,228
3,232,856		1,591,932	Total current liabilities		3,559,292			2,992,903		1,636,698	1,890,128
7,172,232		5,317,289	Total liabilities		7,926,946			6,403,721		5,810,085	5,082,836
15,105,262		10,858,335	Total equity and liabilities		16,251,357			14,073,920		11,427,435	10,323,363

The Statement of Financial Position as at 31 December 2024, the Income Statements, Statements of Cash Flows and the Statements of Changes in Equity for the nine months then ended are drawn up from the unaudited Financial Statements of the Company and its Subsidiaries and they provide the information required by the Colombo Stock Exchange.

It is certified that the Financial Statements have been prepared in compliance with the requirements of the Companies Act no 7 of 2007.

Sgd

V.W.Weerabahu

Director - Finance

Signed for and on behalf of the Board,

Sgd	Sgd
A.M.Pandithage	W.G.R.Rajadurai
Chairman	Managing Director
30-January-2025

KELANI VALLEY PLANTATIONS PLC

400, Deans Road Colombo 10.

Interim Financial Statements for the nine months ended 31 December 2024

STATEMENT OF PROFIT OR LOSS - GROUP

Audited		Unaudited		Unaudited		Increase/		Unaudited	Unaudited	Increase/
Year ended		09 months to		09 months to		(Decrease)		3 Months to	3 Months to	(Decrease)
31.03.2024		31.12.2024	31.12.2023			31.12.2024	31.12.2023
Rs. '000		Rs. '000		Rs. '000		%		Rs. '000	Rs. '000	%
19,968,249	Revenue	16,538,568	14,390,066	15	4,799,106	4,283,763	12
(16,925,211)	Cost of sales	(14,588,240)		(12,595,124)		16		(4,277,819)	(3,698,396)	16
3,043,038	Gross profit	1,950,328	1,794,942	9	521,287	585,367	(11)
3,405	Gain on change in fair value of biological assets	-	-	-	-	-	-
38,870	Dividend Income	-	13,237	(100)	-	-	-
171,228	Other income	151,665	136,738	11	48,346	51,841	(7)
(1,216,213)	Administrative expenses	(1,047,640)	(925,263)	13	(337,360)	(321,365)	5
(159,294)	Distribution expenses	(72,658)		(132,162)		(45)		(16,797)	(63,625)	(74)
1,881,034	Results from operating activities	981,695	887,492	11	215,476	252,218	(15)
465,762	Finance income	267,282	394,576	(32)	63,947	102,047	(37)
(383,641)	Finance expenses	(234,754)	(259,181)	(9)	(69,235)	(57,723)	20
(121,851)	Interest paid to Government on lease	(113,258)		(88,099)		29		(35,713)	(35,250)	1
(39,730)	Net finance cost	(80,730)		47,296		>(100)		(41,001)	9,074	>(100)
8,137	Share of profit of equity accounted investees	7,413		2,139		100		4,138	1,976	<100
1,849,441	Profit before tax	908,378	936,927	(3)	178,613	263,268	(32)
(666,609)	Tax expense	(262,279)		(292,276)		(10)		(68,900)	(100,453)	(31)
1,182,832	Profit for the period	646,099	644,651	0.2	109,713	162,815	(33)
	Attributable to;
1,173,435	Equity holders of the parent	618,405	640,548	(3)	105,672	158,952	(34)
9,397	Non-controlling interest	27,694		4,103		<100		4,041	3,863	5
1,182,832	Profit for the period	646,099	644,651	0.2	109,713	162,815	(33)
	Earnings per share ( Rs )
17.26	Basic / Diluted	9.094186	9.42	(3)	1.55	2.34	(34)

STATEMENTS OF COMPREHENSIVE INCOME

1,182,832	Profit for the period	646,099	644,651	0.2	109,713	162,815	(33)
	Comprehensive Income
26,255	Fair value gain on FVTOCI financial assets	-	-	-	-	-	-
(193,097)	Actuarial gains/(loss) on defined benefit obligations	(361,780)	-	(100)	-	-	-
57,929	Income tax effect	108,534	-	100	-	-	-
1,744	Net exchange differences on translation of foreign operations	(1,473)	(1,819)	(19)	(1,908)	(1,610)	19

(107,169)	Comprehensive income/(loss) for the period, net of tax	(254,719)		(1,819)		<(100)		(1,908)	(1,610)		19
1,075,663	Total comprehensive income/(loss) for the period, net of tax	391,380	642,832	(39)	107,805	161,205	(33)
	Attributable to:
1,065,764	Equity holders of the parent	364,128	639,275	(43)	104,337	157,825	(34)
9,899	Non-controlling interest	27,252		3,557		<100		3,468	3,380		3
1,075,663	Profit for the period	391,380		642,832		(39)		107,805	161,205	(33)

Figures in brackets indicate deductions

KELANI VALLEY PLANTATIONS PLC

400, Deans Road Colombo 10.

Interim Financial Statements for the nine months ended 31 December 2024

STATEMENT OF PROFIT OR LOSS - COMPANY

Audited		Unaudited		Unaudited	Increase/	Unaudited		Unaudited		Increase/
Year ended		09 months to		09 months to	(Decrease)	3 months to		3 months to		(Decrease)
31.03.2024		31.12.2024	31.12.2023	%	31.12.2024	31.12.2023	%
Rs. '000		Rs. '000		Rs. '000			Rs. '000		Rs. '000
7,432,010	Revenue	5,893,943	5,070,078	16	2,039,795	1,636,906	25
(6,083,562)	Cost of sales	(5,096,868)		(4,637,067)	10		(1,812,338)		(1,487,814)		22
1,348,448	Gross profit	797,075	433,011	84	227,457	149,092	53
3,405	Gain on change in fair value of biological assets	-	-	-	-	-	-
194,080	Dividend Income	-	106,737	(100)	-	93,500	(100)
138,417	Other income	114,254	111,390	3	45,977	46,610	(1)
(519,282)	Administrative expenses	(459,132)		(398,859)	15		(153,380)		(141,999)		8
1,165,068	Results from operating activities	452,197	252,279	79	120,054	147,203	(18)
310,738	Finance income	135,370	239,103	(43)	38,960	55,250	(29)
(37,984)	Finance expenses	(18,304)	(32,611)	(44)	(6,148)	(12,456)	(51)
(121,851)	Interest paid to Government on lease	(113,258)		(88,099)	29		(35,713)		(35,250)		1
150,903	Net finance cost	3,808		118,393	(97)		(2,901)		7,544		>(100)
1,315,971	Profit before tax	456,005	370,672	23	117,153	154,747	(24)
(416,993)	Tax expense	(126,455)		(75,855)	67		(49,221)		(21,538)		<100
898,978	Profit for the period	329,550	294,817	12	67,932	133,209	(49)
	Earnings per share ( Rs )
13.22	Basic / Diluted	4.85	4.34	12	1.00	1.96	(49)

STATEMENTS OF COMPREHENSIVE INCOME

898,978	Profit for the period	329,550	294,817	12	67,932	133,209	(49)
	Other Comprehensive Income
(190,919)	Actuarial gains/(loss) on defined benefit obligations	(361,780)	-	(100)	-	-	-
57,276	Income tax effect	108,534	-	100	-	-	-

(133,643)	Other comprehensive income/(loss) for the period, net of tax	(253,246)		-	(100)		-	-		-
765,335	Total comprehensive income/(loss) for the period, net of tax	76,304		294,817	(74)		67,932	133,209	(49)

Figures in brackets indicate deductions

Company Reg. No. - PQ 58

KELANI VALLEY PLANTATIONS PLC

400, Deans Road Colombo 10.

Interim Financial Statements as at 31 December 2024

STATEMENTS OF CHANGES IN EQUITY

Group

				Attributable to equity holders of the parent
				Revenue reserves
					Foreign
			Re-	FVTOCI	Currency		Bearer			Non-
	Stated	General	valuation	Financial	Transaction	Timber	Biological	Retained	Total	controlling	Total Equity
	Capital	Reserve	Reserve	Assets	Reserve	Reserve	Produce	Profit		Interest
	Rs. '000	Rs. '000	Rs.'000	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000
Balance as at 01 April 2023	340,000	1,700,000	43,901	95,397	-	186,211	28,659	4,761,049	7,155,218	49,583	7,204,800
Profit for the period	-	-	-	-	-	-	-	640,548	640,548	4,103	644,651
Dividends	-	-	-	-	-	-	-	(187,000)	(187,000)	-	(187,000)
Acquisition of non-controlling interest	-	-	-	-	-	-	-	-	-	9,567	9,567
Net exchange differences on transaction
of foreign operations	-	-	-	-	(1,273)	-	-	-	(1,273)	(546)	(1,819)
Balance as at 31 December 2023	340,000	1,700,000	43,901	95,397	(1,273)	186,211	28,659	5,214,598	7,607,492	62,707	7,670,199

Balance as at 01 April 2024	340,000	1,700,000	43,901	121,652	1,221	195,558	22,718	5,438,932	7,863,982	69,048	7,933,030
Profit for the period	-	-	-	-	-	-	-	618,405	618,405	27,694	646,099
Comprehensive income
Actuarial gains on defined benefit plans	-	-	-	-	-	-	-	(361,780)	(361,780)	-	(361,780)
Net exchange differences on transaction
of foreign operations	-	-	-	-	(1,031)	-	-	-	(1,031)	(442)	(1,473)
Income tax on other comprehensive
income	-	-	-	-	-	-	-	108,534	108,534	-	108,534
Total other comprehensive income	-	-	-	-	(1,031)	-	-	(253,246)	(254,277)	(442)	(254,718)

Balance as at 31 December 2024	340,000	1,700,000	43,901	121,652	190	195,558	22,718	5,804,091	8,228,110	96,301	8,324,411
Company						Revenue reserves
							Bearer
				Stated	General	Timber	Biological	Retained	Total
				Capital	Reserve	Reserve	Produce	Earnings	Equity
				Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000
Balance as at 01 April 2023				340,000	1,700,000	186,211	28,659	2,877,840	5,132,710
Profit for the period				-	-	-	-	294,817	294,817
Dividends				-	-	-	-	(187,000)	(187,000)
Balance as at 31 December 2023				340,000	1,700,000	186,211	28,659	2,985,657	5,240,527

Balance as at 01 April 2024				340,000	1,700,000	195,558	22,717	3,282,771	5,541,046
Profit for the period				-	-	-	-	329,550	329,550
Other comprehensive income				-	-	-	-	(253,246)	(253,246)
Balance as at 31 December 2024				340,000	1,700,000	195,558	22,717	3,359,075	5,617,350

Revaluation Reserve relates to the revaluation of land and represents the fair value of the land as at the date of revaluation.

Foreign Currency Transaction Reserve comprises all foreign currency differences arising from the transaction of the financial statements of foreign operations. Fair value reserve of Financial assets at FVOCI relates to change in fair value of Financial assets at FVOCI financial assets.

General Reserves set aside for future distribution and investment.

The Timber Reserve relates to change in fair value of managed trees which includes commercial timber plantations cultivated on Estates.

					Company Reg. No. - PQ 58
			KELANI VALLEY PLANTATIONS PLC
			400, Deans Road Colombo 10.
			Interim Financial Statements for the nine months ended 31 December 2024
			STATEMENT OF CASH FLOWS
Group		Company		Group		Company
Audited		Audited		Unaudited	Unaudited		Unaudited	Unaudited
Year ended		Year ended		09 months to	09 months to		09 months to	09 months to
31.03.2024	31.03.2024		31.12.2024	31.12.2023	31.12.2024	31.12.2023
Rs. '000		Rs. '000		Rs. '000	Rs. '000		Rs. '000	Rs. '000
			Cash Flows from Operating Activities

1,849,441

121,851

383,641

(465,762)

(21,875)

(3,405)

(38,870)

431,486

60,725

2,296

(8,137)

275,390

(33,499)

(6,941)

(558)

2,545,783

326,846

(102,693)

(58,777)

(162,133)

50,141

2,599,167

(121,851)

(120,371)

(411,208)

(282,085)

1,663,652

(222,210)

297,631

38,870

(504,004)

27,397

(139,858)

(502,174)

1,161,478

(184,540)

(21,900)

(95,140)

3,846,795

(4,242,696)

150,250

(161,742)

35,724

(673,249)

488,229

1,589,276

2,077,505

1,315,971

121,851

37,984

(310,738)

(7,043)

(3,405)

(194,080)

320,762

60,725

259,891

(33,499)

(12,451)

(707)

1,555,261

55,099

(118,057)

(23,967)

(212,901)

43,656

1,299,091

(121,851)

(33,131)

(219,132)

(278,983)

645,994

(222,210)

283,352

132,880

(123,814)

9,042

(500,000)

(420,750)

225,244

(184,540)

(21,900)

(3,722)

200,000

(200,000)

(4,500)

35,724

(178,938)

46,306

1,430,568

1,476,874

Profit/(loss) before tax	908,378	936,927	456,005	370,672
Adjustments for :
Interest on government lease	113,258	88,099	113,258	88,099
Finance expenses	234,754	259,181	18,304	32,611
Finance Income	(267,282)	(394,576)	(135,370)	(239,103)
Profit on disposal of property, plant & equipment	(32,264)	(18,839)	(8,420)	(4,428)
Net gains on fair value of biological assets	-	-	-	-
Dividend income	-	3,263	-	(106,737)
Depreciation	345,748	322,971	256,008	241,115
Amortisation of intangible assets	1,639	1,787	-	-
Amortisation Right-of-use assets	42,853	41,203	42,853	41,203
Share of (profit)/loss from equity accounted investee	(7,413)	(2,139)	-
Provision for retirement benefit obligations	330,670	177,294	317,884	168,049
Amortisation of capital grants	(26,417)	(25,125)	(26,417)	(25,125)
Net exchange differences on translation of foreign operations	(1,473)	-	-	-
Provision/(reversal) for obsolete inventories	18,731	17,955	1,193	(11,127)
Provision/(reversal) for doubtful debts	(1,465)	(793)		(1,327)	(813)
Operating profit before working capital changes	1,659,717	1,407,208		1,033,971	554,416
(increase)/ decrease in inventories	5,096	148,505	(9,658)	(71,519)
(increase)/ decrease in trade and other receivables	(140,716)	459,273	69,968	(10,720)
(increase)/ decrease in amount due from related companies	6,361	(34,087)	(26,085)	(19,702)
increase/ (decrease) in trade and other payables	(60,064)	79,627	(38,710)	187,616
increase/ (decrease) in amount due to related companies	(6,077)	(6,321)	(5,952)	(6,136)
Increase/ (decrease) in equity accounted investee	10,289	-		-	-
Cash generated from operating activities	1,474,606	2,054,205	1,023,534	633,955

Interest paid on Government lease	(113,258)	(88,099)	(113,258)	(88,099)
Interest paid	(81,784)	(105,956)	(18,304)	(32,611)
Taxes paid	(434,844)	(340,899)	(283,447)	(196,595)
Retirement benefit obligations paid	(94,216)	(216,509)		(90,538)	(214,210)
Net cash flow from operating activities	750,504	1,302,742	517,987	102,440
Cash Flows from Investing Activities
Field development expenditure	(337,207)	(169,901)	(337,207)	(169,901)
Interest received	180,589	252,793	133,739	242,821
Dividends received	-	(3,263)	61,710	106,737
Acquisition of property, plant & equipment	(509,434)	(451,991)	(147,491)	(147,802)
Proceeds from disposal of property, plant & equipment	50,674	25,310	22,876	6,428
Investment in subsidiaries	-	-	(400,000)	(500,000)
Investments in equity accounted investee	-	(124,293)	-	-
Acquisition of intangible assets	(1,169)	-		-	-
Net cash used in investing activities	(616,547)	(471,345)		(666,373)	(461,717)
Net cash Inflow/(outflow) before financing activities	133,957	831,397	(148,386)	(359,277)

Cash flows from financing activities
Dividend paid	-	(170,000)	-	(170,000)
Capital settlement of net liability to lessor	(7,614)	(14,800)	(7,614)	(14,800)
Exchange gain/(loss)	(66,277)	(11,441)	1,631	(3,718)
Short-term loans obtained during the period	5,343,736	4,004,890	450,000	-
Short-term loans repaid during the period	(4,923,583)	(4,890,755)	(350,000)	-
Long term loans obtained during the period	-	153,125	-	-
Long term loans repaid during the period	(42,625)	(139,762)	(3,375)	(3,375)
Grants received	9,068	28,213		9,068	28,213
Net cash used in financing activities	312,705	(1,040,530)		99,710	(163,680)
Net increase / (decrease) in cash and cash equivalents	446,662	(209,133)	(48,676)	(522,957)
Cash and cash equivalents at the beginning of the period	2,077,505	1,589,276	1,476,874	1,430,568
Cash and cash equivalents at the end of the period (Note A)	2,524,167	1,380,143		1,428,198	907,611

				Note A : Analysis of cash and cash equivalents
549,111	298,924		Cash and bank balances	373,374	337,561	61,848	19,820
1,528,627		1,177,950		Short-term deposits	2,294,077	1,345,654		1,508,545	1,189,019
2,077,738	1,476,874			2,667,451	1,683,215	1,570,393	1,208,839
(233)	-		Bank overdraft	(143,284)	(303,072)	(142,195)	(301,228)
2,077,505		1,476,874		Cash and cash equivalents	2,524,167	1,380,143		1,428,198	907,611

Figures in brackets indicate deductions

Notes to the Financial Statements:

The Interim Financial Statements of the Company/Group are unaudited and have been prepared in accordance with Sri Lanka Financial Reporting Standards (SLFRS/LKAS) and are in compliance with Sri Lanka Accounting Standard 34-Interim Financial Reporting. Further, provisions of the Companies Act No.7 of 2007 have been considered in preparing the Interim Financial Statements of the Company/Group.
The Interim Condensed Financial Statements also provide information required by the Colombo Stock Exchange.
There were no changes to the Accounting Policies and methods of computation since the publication of the Annual Report for the year ended 31 March 2024.
The Secretary to the Ministry of Labour and Foreign Employment has declared, by Notice published in the Gazette Extraordinary No.2401/24 dated 12 September 2024, that with effect from 10 September 2024, the minimum rate of daily wages for time work in the Tea Growing and Manufacturing Trade and the Rubber Cultivation and Raw Rubber Processing Trade has been increased from Rs.1,000/- to Rs.1,350/-.
No circumstances have arisen since the Statement of Financial Position date, which would require adjustments to the Interim Financial statements.
Financial statements do not include/classify Actuarial gain/loss on defined benefit plan cost as the valuation is done at the financial year end.
There are no known contingent liabilities exist as at the statement of financial position date.
The presentation and classification of the Interim Financial Statements of the previous year have been amended, where relevant, for better presentation and to be comparable with those of the current year.
The managing agent DPL Plantations (Pvt) Ltd has waived off the management fees with effective from 2007.
Gains or losses resulting from biological transformations during the nine-month period have not been recognized in the accounts, as any physical or price changes occurring within this short timeframe are considered immaterial.

10 Segmental Information (Rs.'000) - Group

Tea

Rubber

Others

Less : Intra-group sales (Tea)

11 Segmental Information (Rs.'000) - Company

Revenue

09 months to	09 months to
31.12.2024	31.12.2023
14,764,499	13,175,465
1,806,421	1,242,500
106,466	102,854
(138,818)	(130,753)
16,538,568	14,390,066

Gross Profit

09 months to	09 months to
31.12.2024	31.12.2023
1,539,315	1,703,126
353,343	44,933
57,670	46,883
-	-
1,950,328	1,794,942

Tea

Rubber

Others

Revenue

09 months to	09 months to
31.12.2024	31.12.2023
4,052,702	3,805,161
1,806,421	1,242,500
34,820	22,417
5,893,943	5,070,078

Gross Profit

09 months to	09 months to
31.12.2024	31.12.2023
441,690	404,630
353,343	44,933
2,042	(16,552)
797,075	433,011

Investor Information

			09 Months	09 Months

	Market value of shares		31.12.2024	31.12.2023
			Rs.	Rs.
	Last Treaded price		96.80	72.30
	Highest price recorded for the nine months ending		97.90 (31.12.24)	89.80 (25.07.23)
	Lowest price recorded for the nine months ending		66.10 (03.09.24)	68.60 (08.06.23)
	Highest price recorded for the three months ending		97.90 (31.12.24)	79.00 (02.10.23)
	Lowest price recorded for the three months ending		72.20 (11.10.24)	71.00 (21.11.23)
	Market capitalisation (Rs.Mn)		6,582	4,916
	Share trading from 1 October to 31 December
	No. of Transactions		5,879	1,730
	No. of Shares traded		6,838,592	1,276,354
	Value of shares traded ( Rs. )		581,485,661	95,174,802

	Share trading from 1 April to 31 December
	No. of Transactions		10,413	9,888
	No. of Shares traded		9,073,972	6,907,891
	Value of shares traded ( Rs. )		747,158,311	535,980,388
	Ratios
	Net assets per share		121.00	111.87
	Price earning ratio (times)		7.98	5.76
	First twenty shareholders as at 31 December 2024

	Name of Shareholder		No. of Shares	%

1	DPL PLANTATIONS (PRIVATE) LIMITED		49,253,800	72.43

2	BANK OF CEYLON A/C CEYBANK UNIT TRUST		1,039,508	1.53

3	DR.MOHAMED ARAFATH AKRAM MOHAMED AKRAM		690,400	1.02
4	MR.TALIB TAWFIQ TALIB AL-NAKIB (DECEASED)		610,000	0.90
5	DR.DILESH JAYANNTHA		568,200	0.84
6	SEYLAN BANK PLC/MOHAMED MUSHTAQ FUAD		412,713	0.61

7	MR.GEORGE MOHAN WEERAKOON		336,927	0.50
8	PEOPLE'S LEASING AND FINANCE PLC/U. L. B. ARIYARATNA		325,000	0.48
9	MR.MOHAMED MOHIDEEN MOHAMED SHAMIL		293,000	0.43

10	MR.HASHIM AHMED ALSAYID HASHIM ALGHARABALLY		291,400	0.43
11	J.B.COCOSHELL (PVT) LTD		241,306	0.35

12	MRS.JASBINDERJIT KAUR PIARA SINGH		200,000	0.29

	MR.MOHAMED HEEBATHULLA MUHAMMATH FAWSAN		200,000	0.29

13	MR.K.R.E.M.DHARSHAN MADURANGA BANDARA JAYASUNDARA		171,557	0.25

14	MR.SARATH CLEMENT GANEGODA		165,000	0.24

15	TRADING PARTNERS (PVT) LTD		150,064	0.22
16	MR ANTON VASANTHAKUMAR EMMANUEL & MRS.S.EMMANUEL		149,910	0.22
17	MR.ZOEBALY GULAMABASS CARIMJEE		147,734	0.22
18	THREAD CAPITAL (PRIVATE) LIMITED		146,512	0.22
19	DFCC BANK PLC/P. MURALITHARAN		145,614	0.21
20	MR.MOHAMED IMTIZAM ABDUL HAMEED		141,200	0.21
	TOTAL		55,679,845	81.88
	There were no non-voting shares as at 31 December 2024.
	PERCENTAGE OF PUBLIC HOLDING AS AT 31.12.2024			27.32
	Total No.of shareholders represent in the public holding			16,225
	Float adjusted market capitalization (Rs.)			1,794,596,160
	The Company complies with option 5 of the Listing Rules 7.13.1 (i) (a)	Less than Rs.2.5Bn

Float Adjusted Market Capitalization which requires 20% minimum Public Holding.

The Golden Share holder

The Golden share of Rs.10/- held by the Secretary to the Treasury, enjoy the following special rights.

The concurrence of the Golden Shareholder should be obtained to sub-lease estate lands and amend the Articles of Association of the company in which the Golden shareholders rights are given.

The Golden Shareholder, or his nominee, has the right to examine the books and accounts of the Company.

The Company is required to submit a detailed quarterly report to the Golden Shareholder.

The Golden Shareholder can request the Board of Directors of the Company to meet with him.

Directors Shareholdings as at 31 December 2024.

Name of shareholder	No. of shares
Mr.W.G.R.Rajadurai	4,382
Mr.S.C.Ganegoda	165,000

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