Lake House Printers & Publishers PlcCSELK: LPRT.N0000

Interim Accounts for the quarter ended 31st March 2025

· Issued by Lake House Printers & Publishers Plc

LAKE HOUSE PRINTERS & PUBLISHERS PLC

INTERIM ACCOUNTS









FOR THE YEAR ENDED 31ST MARCH 2025



Prepared By

Finance Manager

Checked By

Chief Financial Officer

LAKE HOUSE PRINTERS & PUBLISHERS PLC CORPORATE INFORMATION Legal Status

A Quoted Public Company Registered Number - PQ 175

Board of Directors R.S.Wijewardene (Chairman) P.S.Wijewardene R.C.Samarasinghe Prof.L.R.Watawala D.R.Wijewardene

D.S.Senavirathna (Snr. Ind. Director) E.A.G.De.Silva (Ind. Director)

Secretary

D.P.A.N.Kumara

Auditors

KPMG

Chartered Accountants

Bankers

Bank of Ceylon,Corporate Branch. Sampath Bank PLC,Headquarters Branch. NDB Bank PLC,Headquarters Branch.

Commercial Bank PLC,Dharmapala Mawatha Branch. Commercial Bank PLC,W.A.D.Ramanayake Mawatha Branch. DFCC Bank PLC,Head Office Branch.

Registered Office

No.41,W.A.D.Ramanayake MW,Colombo, 02.

Fax

011-2449504

E - Mail

info@lakehppl.com

Website

https://www.lhpp.lk

Telephone

0112433272-3

112332271

LAKE HOUSE PRINTERS & PUBLISHERS PLC INCOME STATEMENT FOR THE FINANCIAL YEAR ENDED 31ST MARCH 2025

In conformity with the Colombo Stock Exchange Regulations, we give below a summary of our performance for the Year ended 31st March

3 Months Ended

Company

Variance

3 Months Ended

12 Months Ended

Company

Variance

12 Months Ended

31.3.2025

%

31.3.2024

31.3.2025

%

31.3.2024

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Revenue 317,916

(7.3)

343,073

1,288,512

(32.2)

1,901,065

Cost of Sales (245,041)

5.5

(232,318)

(997,188)

(27.6)

(1,378,052)

Gross Profit 72,875

(34.2)

110,755

291,324

(44.3)

523,013

Other Income 5,684

(51.9)

11,825

25,730

(18.2)

31,452

Administration Expenses (41,228)

1.4

(40,644)

(176,152)

(3.0)

(181,589)

Distribution Expenses (20,703)

(41.8)

(35,556)

(93,454)

(48.7)

(182,154)

(Loss) / Gain on Revaluation of Investment Property -

-

8,168

-

-

8,168

Results from Operating Activities 16,628

(69.5)

54,548

47,448

(76.1)

198,890

Finance Income 8,506

19.7

7,105

24,406

20.8

20,205

Finance Expenses (1,895)

154.4

(745)

(4,722)

(35.9)

(7,367)

Share of Profit of Associate (Net of Tax) -

-

-

-

-

-

Profit before Taxation 23,239

(61.8)

60,908

67,132

(68.3)

211,728

Income Tax Expenses (11,733)

(47.5)

(22,345)

(24,901)

(65.1)

(71,291)

Profit for the Period 11,506

(70.2)

38,563

42,231

(69.9)

140,437

Other Comprehensive Income

Actuarial Gain / (Loss) on Defined Benefit Obligations -

-

(1,036)

-

-

(3,399)

Equity Investment at FVTOCI - net change in Fair Value

2,174

1,127

Tax Effect on Other Comprehensive Income -

-

(3,615)

-

-

1,020

Total Comprehensive Income for the Period,net of Tax 11,506

(68.1)

36,086

42,231

(69.7)

139,185

Profit for the Period 11,506

(68.1)

36,086

42,231

(69.7)

139,185

Basic Earnings Per Ordinary Share (Rs.) 3.92

13.13

14.38

47.82

THE ABOVE FIGURES ARE PROVISIONAL AND SUBJECT TO AUDIT.



……………………………… Director

……………………………… Director



30/05/2025 30/05/2025

LAKE HOUSE PRINTERS & PUBLISHERS PLC

INCOME STATEMENT FOR THE FINANCIAL YEAR ENDED 31ST MARCH 2025

In conformity with the Colombo Stock Exchange Regulations, we give below a summary of our performance for the Year ended 31st March

GROUP

GROUP

3 Months

3 Months

12 Months

12 Months

Ended

Variance

Ended

Ended

Variance

Ended

31.3.2025

%

31.3.2024

31.3.2025

%

31.3.2024

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Revenue

318,006

(7.3)

343,163

1,288,872

(32.2)

1,901,425

Cost of Sales

(245,041)

5.5

(232,318)

(997,188)

(27.6)

(1,378,052)

Gross Profit

72,965

(34.2)

110,845

291,684

(44.3)

523,373

Other Income

5,683

51.9

11,825

24,884

21.0

31,497

Administration Expenses

(41,543)

2.1

(40,694)

(177,464)

(3.0)

(182,996)

Distribution Expenses

(20,703)

(41.8)

(35,556)

(93,454)

(48.7)

(182,154)

(Loss) / Gain on Revaluation of Investment Property

-

8,168

-

-

8,168

Results from Operating Activities

16,402

(70.0)

54,588

45,650

76.9

197,888

Finance Income

11,623

28.0

9,077

37,357

8.3

40,720

Finance Expenses

(1,895)

(154.4)

(745)

(4,722)

(35.9)

(7,367)

Share of Profit of Associate (Net of Tax)

-

-

-

-

-

Profit before Taxation

26,130

(58.5)

62,920

78,285

66.1

231,241

Income Tax Expenses

(12,554)

(46.8)

(23,613)

(28,358)

63.6

(77,809)

Profit for the Period

13,576

(65.5)

39,307

49,927

67.5

153,432

Other Comprehensive Income

Actuarial Gain / (Loss) on Defined Benefit Obligations

-

-

(1,036)

-

-

(3,399)

Equity Investment at FVTOCI - net change in Fair Value

-

-

2,174

-

-

1,129

Tax Effect on Other Comprehensive Income

-

-

(3,615)

-

-

1,020

Total Comprehensive Income for the Period,net of Tax

13,576

(63.1)

36,830

49,927

67.2

152,182

Profit for the Period 13,576 (63.1) 36,830 49,927 67.2 152,182

Basic Earnings Per Ordinary Share (Rs.) 4.62 13.38 17.00 52.24





THE ABOVE FIGURES ARE PROVISIONAL AND SUBJECT TO AUDIT.

……………………………… ……………………………… Director Director

30/05/2025 30/05/2025

AUDITED

LAKE HOUSE PRINTERS & PUBLISHERS PLC SUMMARISED BALANCE SHEET AS AT 31ST MARCH 2025

GROUP

COMPANY

GROUP

COMPANY

31.3.2024

31.03.2024

31.3.2025

31.3.2024

31.3.2025

31.03.2024

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

ASSETS

Non Current Assets

22,518

24,705

Property, Plant and Equipment

27,850

22,518

29,412

24,705

356,419

356,419

Investment Property

356,419

356,419

356,419

356,419

-

2,984

Investment in Subsidiary

-

-

2,984

2,984

-

-

Investment in Equity Accounted Investee

-

-

-

-

21,165

21,159

Other Investments

21,168

21,165

21,162

21,159

400,102

405,267

405,437

400,102

409,977

405,267

Current Assets

160,437

160,437

Inventories

171,398

160,437

171,398

160,437

100,516

96,693

Trade and Other Receivables

262,494

100,516

259,178

96,693

28,766

28,766

Amounts due from Related Parties

32,845

28,766

32,473

28,766

7,000

-

Loans Due From Related Parties

8,000

7,000

-

Taxation Recoverable

-

-

-

-

460,387

328,802

Cash and Cash Equivalents

368,197

460,387

233,595

328,802

757,106

614,698

842,934

757,106

696,644

614,698

1,157,208

1,019,965

TOTAL ASSETS

1,248,371

1,157,208

1,106,621

1,019,965

EQUITY AND LIABILITIES

Capital and Reserves

35,247

35,247

Stated Capital

35,247

35,247

35,247

35,247

6,197

6,197

Capital Reserves

6,197

6,197

6,197

6,197

217,232

217,232

Revaluation Reserves

217,232

217,232

217,232

217,232

17,555

17,547

Fair Value Reserve

17,555

17,555

17,547

17,547

738,333

604,742

Retained Earnings

770,636

738,334

629,348

604,742

1,014,564

880,965

Total Equity atttributable to Equity Holders of the Company

1,046,867

1,014,565

905,571

880,965

1,014,564

880,965

Total Equity

1,046,867

1,014,565

905,571

880,965

Non - Current Liabilities

29,690

29,690

Deferred Tax Liability

29,687

29,690

29,687

29,690

19,326

19,326

Retirement Benefit Obligations

21,777

19,326

21,777

19,326

-

-

Interest Bearing Borrowings

-

-

-

-

-

-

Loans from Related Parties

-

-

-

-

49,016

49,016

51,464

49,016

51,464

49,016

Current Liabilities

-

-

Interest Bearing Borrowings

-

-

-

-

71,238

70,980

Trade and Other Payables

57,671

71,237

57,380

70,980

21,747

18,361

Current Tax Liabilities

13,380

21,747

13,217

18,361

643

643

Bank Overdrafts

78,989

643

78,989

643

93,628

89,984

150,040

93,627

149,586

89,984

142,644

139,000

Total Liabilities

201,504

142,643

201,050

139,000

1,157,208

1,019,965

Total Equity and Liabilities

1,248,371

1,157,208

1,106,621

1,019,965

345.44

299.95

Net Assets Per Share (Rs.)

356.44

345.44

308.33

299.95

THE ABOVE FIGURES ARE PROVISIONAL AND SUBJECT TO AUDIT.



………………………………….



………………………………

Director

30/05/2025

Director

30/05/2025

LAKE HOUSE PRINTERS & PUBLISHERS PLC

STATEMENT OF CHANGES IN EQUITY

FOR THE FINANCIAL YEAR ENDED 31ST MARCH 2025

COMPANY

STATED

CAPITAL

CAPITAL

RESERVES

REVALUATION

RESERVE

AVAILABLE FOR

SALE RESERVE

RETAINED

EARNINGS

TOTAL

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Balance as at 1st April, 2023

35,247

6,197

217,232

16,420

481,371

756,467

Net Profit for the Period

-

-

-

-

140,437

140,437

Other Comprehensive Income

-

1,127

(2,379)

(1,252)

Total Comprehensive Income

-

-

-

1,127

138,058

139,185

Transaction with Equity Holders

Contribution by and Distribution to Equity Holders

Dividend Paid

(14,687)

(14,687)

Balance as at 31st March 2024

35,247

6,197

217,232

17,547

604,742

880,965

Balance as at 1st April, 2024

35,247

6,197

217,232

17,547

604,742

880,965

Net Profit for the Period

Other Comprehensive Income

-

42,231

-

42,231

-

Total Comprehensive Income

Transaction with Equity Holders

Contribution by and Distribution to Equity Holders

Dividend Paid

-

-

-

-

42,231

(17,625)

42,231

(17,625)

Balance as at 31st March 2025

35,247

6,197

217,232

17,547

629,348

905,571

GROUP

STATED

CAPITAL

CAPITAL

RESERVES

REVALUATION

RESERVE

AVAILABLE FOR

SALE RESERVE

RETAINED

EARNINGS

TOTAL

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Balance as at 1st April, 2023

35,247

6,197

217,232

16,426

601,968

877,070

Net Profit for the Period

-

-

-

-

153,432

153,432

Other Comprehensive Income

-

1,129

(2,379)

(1,250)

Total Comprehensive Income

-

-

-

1,129

151,053

152,182

Transaction with Equity Holders

Contribution by and Distribution to Equity Holders

Dividend Paid

-

-

-

-

(14,687)

(14,687)

Balance as at 31st March 2024

35,247

6,197

217,232

17,555

738,334

1,014,565

Balance as at 1st April, 2024

35,247

6,197

217,232

17,555

738,334

1,014,565

Net Profit for the Period

49,927

49,927

Other Comprehensive Income

-

-

-

Total Comprehensive Income

-

-

-

-

49,927

49,927

Transaction with Equity Holders

Contribution by and Distribution to Equity Holders

Dividend Paid

-

-

-

-

(17,625)

(17,625)

Balance as at 31st March 2025

35,247

6,197

217,232

17,555

770,636

1,046,867

STATED CAPITAL

GROUP

COMPANY

31.3.2025

Rs.'000

31.3.2024

Rs.'000

31.3.2025

Rs.'000

31.3.2024

Rs.'000

2,937,245 Ordinary Shares

35,247

35,247

35,247

35,247

LAKE HOUSE PRINTERS & PUBLISHERS PLC

CASH FLOW STATEMENT

FOR THE FINANCIAL YEAR ENDED 31ST MARCH

GROUP

COMPANY

31.3.2025

31.3.2024

31.3.2025

31.3.2024

Rs.'000

Rs.'000

Rs.'000

Rs.'000

CASH FLOWS FROM OPERATING ACTIVITIES

Profit before Tax

78,285

231,241

67,132

211,728

Adjustments for,

Dividend Income

(5)

(3)

(851)

(3)

Profit on Disposal of Property,Plant & Equipment

-

(4,860)

-

(4,860)

Gain / (Loss) on Disposal of Associate

-

-

-

-

Gain / (Loss) on Fair Value of Investment Property

-

(8,168)

-

(8,168)

Impairment loss from classification of Held for Sale

-

-

-

-

Share of Profit of Associate (Net of Tax)

-

-

-

-

Provision for Retiring Gratuity

4,000

4,224

4,000

4,224

Depreciation

5,076

7,158

5,701

7,471

Interest Income

(37,357)

(40,720)

(24,406)

(20,205)

Interest Expense

4,722

7,367

4,722

7,367

Provision for Trade and Other Receivables

-

1,425

-

1,425

Inventory provision for the year

-

1,451

-

1,451

Operating Profit Before Working Capital Changes

54,721

199,115

56,298

200,430

Inventories

(10,961)

96,339

(10,961)

96,339

Trade & Other Receivables

(161,975)

167,687

(162,486)

163,338

Dues from Related Companies

(4,079)

(963)

(3,708)

(1,053)

Trade & Other Payables

(13,567)

(140,287)

(13,599)

(139,562)

Cash Generated from Operations

(135,861)

321,891

(134,456)

319,492

Interest Paid

(4,722)

(7,367)

(4,722)

(7,367)

Gratuity Paid

(1,552)

(3,231)

(1,552)

(3,231)

Tax Paid

(36,727)

(82,370)

(30,044)

(76,591)

Net Cash Flow Generated from Operating Activities

(178,862)

228,923

(170,774)

232,303

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of Property,Plant and Equipment

(10,408)

(3,711)

(10,408)

(6,211)

Proceeds from Sale of Property,Plant and Equipment

-

4,860

-

4,860

Investment in Shares

(3)

-

(3)

-

Dividend Received

5

3

851

3

Interest Received

37,357

40,720

24,406

20,205

Net Cash Flow Generated from Investing Activities

26,951

41,872

14,846

18,857

CASH FLOWS FROM FINANCING ACTIVITIES

Repayment of Loans during the year

(42,247)

(157,567)

(42,247)

(157,567)

Loans Obtained during the Year

42,247

102,567

42,247

102,567

Loan Granted to Related Party

(1,000)

(7,000)

Dividend Paid

(17,625)

(14,687)

(17,625)

(14,687)

Net Cash Flow used in Financing Activities

(18,625)

(76,687)

(17,625)

(69,687)

Net Increase/ (Decrease) in Cash & Cash Equivalents

(170,536)

194,108

(173,553)

181,473

Cash & Cash Equivalents at the Beginning of the Year

459,744

264,636

328,159

146,686

Cash & Cash Equivalents at the End of the Year

289,208

458,744

154,606

328,159

LAKE HOUSE PRINTERS & PUBLISHERS PLC

INVESTOR INFORMATION

GROUP

COMPANY

31.3.2025

31.3.2024

31.3.2025

31.3.2024

Rs.'000

Rs.'000

Rs.000

Rs.000

Net Assets Value Per Share Rs.

356.44

345.44

308.33

299.95

Earnings / (Loss) Per Ordinary Share (Rs.)

17.00

52.24

14.38

47.82

Market Value Per Share(Rs.)

-

-

250.00

182.00

Highest price per share for the period (Rs.)

-

-

297.25

268.75

Lowest price per share for the period (Rs.)

-

-

200.00

120.00

Number Of Shares

-

-

2,937,245

2,937,245

Public Holding

The company complies with the minimum public holding requirement under Table 1 Option 5 (as per the CSE Directive of 17th November 2017), as at 31st December 2019.

- Number of Shareholders

640

- No,of Shares

765,434

- As a Percentage

26.06%

It is not a requirement under Option 5 of Table 1 to disclose the Float Adjusted Market Capitalization of the Company. However, for purposes of information, the Float Adjusted Market Capitalization of the Company as at 31st March 2025 was Rs.190.3Mn.

NOTES TO THE ACCOUNTS

1 Segmental Reporting

Security Printing Security Cards

Atlas Others Plantations Group

Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000

Revenue

293,355

993,258

3,213

(1,314)

360

1,288,872

Other Operating Income

-

24,884

Profit from Operations

-

-

-

-

-

45,650

Finance Income

12,951

37,357

Finance Expenses

-

-

-

-

-

(4,722)

Profit Before Tax

-

-

-

-

-

78,285

Income Tax Expenses

-

-

-

-

(3,457)

(28,358)

Profit for the Period

-

-

-

-

-

49,927

Assets

Segment Assets

152,073

247,999

3,620

324,104

146,296

874,092

Investment Property

356,419

Investments in Associates

-

Other Investments

-

-

-

21,168

17,860

Total Assets

152,073

247,999

3,620

345,272

146,296

1,248,371

Liabilities

Deferred Taxation

29,687

Segment Liabilities

4,250

6,000

-

139,335

455

150,040

Interest Bearing Borrowings

-

-

-

-

-

-

Retirement Benefit Obligations

-

-

-

-

-

21,777

Total Liabilities

4,250

6,000

-

139,335

455

201,504

2 The figures are provisional and unaudited.

  1. The Accounting policies and methods of computation are consistent with those followed during the previous financial year.

  2. There have not been any significant changes in the nature of the contingent liabilities, which were disclosed in the Annual Report for the year ended, 31st March 2024, nor events subsequent to the end of the reporting period that require disclosure.

  3. Any Change in Fair Value of Investment Property and Available for Sale Investment as at 31st March 2025 and any adjustment for Deferred Tax are not incorporated in the Accounts.

  4. The Accounts are prepared in compliance with SLFRS and CSE listing rules to the best of our knowledge subject to note 05 above.

7 Unquoted Investments

31.3.2025

31.3.2024

Holding

%

No of Shares

000,

Cost

Rs.000

Holding

%

No of Shares

000,

Cost

Rs.000

L.H Plantations (Pvt) Ltd

100

1,990

2,983

100

1,990

2,983

(Nominal Value Rs.10.00 per share)

TOP TWENTY SHARE HOLDERS AS AT 31ST MARCH 2025

LAKE HOUSE PRINTERS & PUBLISHERS PLC

INVESTOR INFORMATION (CONTINUED)

NAME

NO, OF SHARES

%

1 Mr. R.S.Wijewardene

1,052,087

35.82%

2 Mr. D.R.Wijewardene

962,612

32.77%

3 MR.D.N.Wijewardane

161,721

5.51%

4 Mr.P.S.Wijewardene

108,282

3.69%

5 Mr.A.I.Goonerathne

94,046

3.20%

6 Mrs.A.I.Wijesundere

66,123

2.25%

7 Mrs.R.N.Wijewardene

48,830

1.66%

8 Mr.N.D.P.Hettiarachchi

39,519

1.35%

9 Mr.Ranil Wickremasinghe

38,964

1.33%

10 Mrs.I.N.Wijewardene

37,425

1.27%

11 Mr.N.W.W.Welgama

32,584

1.11%

12 Mr.R.N.Wickremasinghe

30,238

1.03%

13 Mr.K.A.Weerathunge

29,730

1.01%

14 Estate of Late Mr.P.Sivali Wijewardene

28,630

0.97%

15 Mr.A.L.Goonerathne

20,000

0.68%

16 Miss.R.M.Wijewardane

18,111

0.62%

17 Ms.V.S.Wijewardene

14,038

0.48%

18 Mr.A.R.Wijewardene

11,722

0.40%

19 E CHANNELLING PLC

10,697

0.36%

20 Mr.M.Mahibalan

10,312

0.35%

2,815,671

95.86%

DIRECTORS' SHARE HOLDING AS AT 31ST MARCH 2025

NAME

NO, OF SHARES

%

Mr. R.S.Wijewardene

1,052,087

35.82%

Mr. D.R.Wijewardene

962,612

32.77%

Mr.P.S.Wijewardene

108,282

3.69%

Mr.R.C.Samarasinghe

NIL

NIL

Prof.L.R.Watawala

NIL

NIL

Mr.D.S.Senavirathna (Snr. Ind. Director)

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Mr.E.A.G.De.Silva (Ind. Director)

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