Lanka Walltiles PLC
Interim Financial Statements
For the six months ended 30th September 2024
Lanka Walltiles PLC
Interim Financial Statements
For the six months ended 30th September 2024
Statement of Financial Position
GROUP | COMPANY | ||||
As at | 30.09.2024 | 31.03.2024 | 30.09.2024 | 31.03.2024 | |
(Unaudited) | (Audited) | (Unaudited) | (Audited) | ||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||
ASSETS | |||||
Non-current assets | |||||
Property, plant & equipment | 26,449,334 | 25,072,909 | 12,129,667 | 11,048,010 | |
Investment properties | 815,687 | 815,687 | - | - | |
Intangible assets | 309,882 | 349,491 | 30,964 | 32,127 | |
Investments in subsidiaries | - | - | 1,618,987 | 1,618,987 | |
Investments in associates | 192,007 | 193,923 | - | - | |
Right of use assets | 71,395 | 116,088 | 37,369 | 54,606 | |
Deferred tax asset | 145,501 | 185,169 | - | - | |
Total non-current assets | 27,983,806 | 26,733,267 | 13,816,987 | 12,753,730 | |
Current assets | |||||
Inventories | 20,931,177 | 17,711,617 | 4,723,860 | 3,923,894 | |
Trade and other receivables | 7,967,690 | 6,891,001 | 1,278,919 | 1,841,975 | |
Contract assets | 32,435 | 30,033 | - | - | |
Amounts due from related parties | 6,737 | 75,584 | 214,318 | 60,806 | |
Short term investments | 369,048 | 4,963 | 5,128 | 4,963 | |
Cash and cash equivalents | 1,320,160 | 1,395,989 | 69,059 | 137,856 | |
Total current assets | 30,627,246 | 26,109,187 | 6,291,284 | 5,969,494 | |
Total assets | 58,611,053 | 52,842,454 | 20,108,271 | 18,723,224 | |
EQUITY AND LIABILITIES | |||||
Stated capital | 787,765 | 787,765 | 787,765 | 787,765 | |
Reserves | 4,779,093 | 4,779,093 | 2,506,339 | 2,506,339 | |
Retained earnings | 15,998,838 | 15,577,401 | 4,764,680 | 4,940,452 | |
Shareholders' funds | 21,565,696 | 21,144,259 | 8,058,784 | 8,234,556 | |
Non controlling interest | 5,553,817 | 5,366,513 | - | - | |
Total equity | 27,119,514 | 26,510,772 | 8,058,784 | 8,234,556 | |
Non-current liabilities | |||||
Interest bearing liabilities | 8,179,543 | 7,641,953 | 4,421,603 | 4,081,465 | |
Deferred tax liabilities | 3,379,492 | 3,378,079 | 1,237,079 | 1,253,991 | |
Retirement benefit liability | 725,189 | 700,485 | 268,258 | 261,315 | |
Total non-current liabilities | 12,284,223 | 11,720,517 | 5,926,940 | 5,596,771 | |
Current liabilities | |||||
Trade and other payables | 5,919,207 | 4,896,012 | 680,562 | 664,002 | |
Contract liability | 158,113 | 139,300 | 64,143 | 45,068 | |
Income tax liabilities | 127,318 | 945,128 | - | 137,230 | |
Amounts due to related parties | 183,583 | 244,959 | 1,382,210 | 1,661,437 | |
Current portion of interest bearing liabilities | 10,624,431 | 7,169,944 | 2,801,611 | 1,900,884 | |
Bank overdraft | 2,194,664 | 1,215,822 | 1,194,022 | 483,276 | |
Total current liabilities | 19,207,315 | 14,611,165 | 6,122,547 | 4,891,897 | |
Total equity and liabilities | 58,611,053 | 52,842,454 | 20,108,271 | 18,723,224 | |
Net Assets Value Per Share ( Rs.) | |||||
79.00 | 77.45 | 29.52 | 30.16 |
The notes to the financial statements on pages 05 & 06 form an integral part of the financial statements.
The figures in brackets indicate deductions.
It is certified that the interim financial statements have been prepared in compliance with the requirements of the Companies Act No.7 of 2007.
Sgd. (S U Amarasinghe)
General Manager- Finance
The Board of Directors is responsible for the preparation and presentation of these financial statements.
Signed for and on behalf of the board by
Sgd. (K D G Gunaratne) | Sgd. (J A P M Jayasekera) |
Director | Director |
October 31, 2024 | |
Page 01 |
Page 1
Lanka Walltiles PLC
Interim Financial Statements
For the six months ended 30th September 2024
Statement of Comprehensive Income
GROUP | COMPANY | |||||||||
Quarter | Six Months | Quarter | Six Months | |||||||
Period ended | ||||||||||
30.09.2024 | 30.09.2023 | 30.09.2024 | 30.09.2023 | Variance | 30.09.2024 | 30.09.2023 | 30.09.2024 | 30.09.2023 | Variance | |
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | % | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | % | |
Revenue | 10,778,319 | 10,484,804 | 19,151,436 | 18,841,727 | 2 | 1,272,376 | 2,184,425 | 2,361,505 | 3,883,180 | (39) |
Cost of sales | (7,758,591) | (6,759,984) | (13,943,318) | (12,522,431) | (11) | (955,609) | (1,429,094) | (1,879,365) | (2,662,444) | 29 |
Gross profit | 3,019,728 | 3,724,820 | 5,208,119 | 6,319,296 | (18) | 316,765 | 755,330 | 482,139 | 1,220,735 | (61) |
Other income | 65,864 | 50,116 | 144,306 | 117,994 | 22 | 5,495 | 7,547 | 202,062 | 229,451 | (12) |
Distribution cost | (1,233,436) | (1,087,461) | (2,133,551) | (1,990,710) | (7) | (225,471) | (281,056) | (423,258) | (514,210) | 18 |
Administrative expenses | (686,325) | (656,100) | (1,355,297) | (1,210,710) | (12) | (113,463) | (131,393) | (210,530) | (235,381) | 11 |
Finance income | 21,213 | 68,847 | 50,509 | 123,754 | 59 | 103 | 100 | 237 | 393 | 40 |
Finance cost | (245,388) | (334,586) | (486,238) | (1,082,627) | 55 | (42,925) | (59,227) | (64,004) | (235,263) | 73 |
Share of net profit of associate | (1,828) | 154 | (1,916) | 101 | 1,991 | - | - | - | - | - |
Profit/(Loss) before tax | 939,829 | 1,765,789 | 1,425,930 | 2,277,100 | (37) | (59,494) | 291,301 | (13,353) | 465,725 | (103) |
Tax (expense) / reversal | (362,944) | (537,579) | (557,958) | (760,581) | 27 | - | (85,536) | 28,675 | (72,756) | 139 |
Profit/(Loss) for the period | 576,885 | 1,228,210 | 867,972 | 1,516,518 | (43) | (59,494) | 205,765 | 15,322 | 392,969 | (96) |
Other comprehensive income/(loss) | ||||||||||
Foreign currency translation differences of foreign operations | (592) | 1,163 | 7,603 | (553) | (1,475) | - | - | - | - | - |
Total comprehensive income/(loss) for the period | 576,292 | 1,229,374 | 875,575 | 1,515,965 | (42) | (59,494) | 205,765 | 15,322 | 392,969 | (96) |
Profit/(Loss) attributable to: | ||||||||||
Equity holders of Lanka Walltiles PLC | 384,867 | 983,758 | 601,046 | 1,242,262 | (52) | (59,494) | 205,765 | 15,322 | 392,969 | (96) |
Non controlling interest | 192,018 | 244,452 | 266,926 | 274,256 | (3) | - | - | - | - | - |
Profit/(Loss) for the period | 576,885 | 1,228,210 | 867,972 | 1,516,518 | (43) | (59,494) | 205,765 | 15,322 | 392,969 | (96) |
Total comprehensive income/(loss) attributable to: | ||||||||||
Equity holders of Lanka Walltiles PLC | 385,879 | 984,163 | 606,300 | 1,242,070 | (51) | (59,495) | 205,765 | 15,322 | 392,969 | (96) |
Non controlling interest | 190,414 | 245,211 | 269,274 | 273,896 | (2) | - | - | - | - | - |
Total comprehensive income/(loss) for the period | 576,293 | 1,229,374 | 875,575 | 1,515,965 | (42) | (59,495) | 205,765 | 15,322 | 392,969 | (96) |
Earnings Per Share - Basic (Rs.) | 1.41 | 3.60 | 2.20 | 4.55 | (52) | (0.22) | 0.75 | 0.06 | 1.44 | (96) |
Segmental Information | ||||||||||
GROUP | COMPANY | |||||||||
Period ended | 30.09.2024 | 30.09.2023 | Variance | 30.09.2024 | 30.09.2023 | Variance | ||||
Rs.'000 | Rs.'000 | % | Rs.'000 | Rs.'000 | % | |||||
Revenue | ||||||||||
Tiles & associated items | 9,593,231 | 12,610,734 | (24) | 2,361,505 | 3,883,180 | (39) | ||||
Packing materials | 4,286,308 | 3,790,920 | 13 | - | - | - | ||||
Aluminium products | 5,514,158 | 2,682,333 | 106 | - | - | - | ||||
Inter segment sales | (242,261) | (242,261) | (0) | - | - | - | ||||
Consolidated revenue | 19,151,436 | 18,841,726 | 2 | 2,361,505 | 3,883,180 | (39) | ||||
Profit/(Loss) before tax | ||||||||||
Tiles & associated items | 612,546 | 2,285,106 | (73) | (13,353) | 465,725 | (103) | ||||
Packing materials | 592,347 | 360,766 | 64 | - | - | - | ||||
Aluminium products | 221,038 | (368,772) | (160) | - | - | - | ||||
Consolidated profit/(loss) before tax | 1,425,930 | 2,277,100 | (37) | (13,353) | 465,725 | (103) |
The notes to the financial statements on pages 05 & 06 form an integral part of the financial statements.
The figures in brackets indicate deductions.
Page 2
Lanka Walltiles PLC
Interim Financial Statements
For the six months ended 30th September 2024
Statement of Changes in Equity
GROUP
Balance as at 1st April 2023
Profit/(Loss) for the period
Other comprehensive income /(loss) Dividend paid
Dividend to non controlling interest Dividends written back
Balance as at 30th September 2023
Balance as at 1st April 2024
Profit/(Loss) for the period
Other comprehensive income /(loss) Dividend paid
Dividend to non controlling interest
Balance as at 30th September 2024
COMPANY
Balance as at 1st April 2023
Profit/(Loss) for the period
Dividend paid
Dividends written back
Balance as at 30th September 2023 Balance as at 1st April 2024 Profit/(Loss) for the period
Dividend paid
Balance as at 30th September 2024
Attributable to equity holders of the parent | ||||||
Stated | Reserves | Retained | Total | Non controlling | Total | |
capital | profit | Interest | Equity | |||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |
787,766 | 3,172,011 | 14,672,498 | 18,632,274 | 4,879,643 | 23,511,917 | |
- | - | 1,242,262 | 1,242,262 | 274,256 | 1,516,518 | |
- | - | (192) | (192) | (361) | (553) | |
- | - | (245,700) | (245,700) | - | (245,700) | |
- | - | 4,159 | 4,159 | (108,040) | (103,881) | |
13,860 | 13,860 | 13,860 | ||||
787,766 | 3,172,011 | 15,686,887 | 19,646,663 | 5,045,499 | 24,692,161 | |
787,765 | 4,779,093 | 15,577,401 | 21,144,259 | 5,366,513 | 26,510,772 | |
- | - | 601,046 | 601,046 | 266,926 | 867,972 | |
- | - | 5,253 | 5,253 | 2,350 | 7,603 | |
- | - | (191,100) | (191,100) | - | (191,100) | |
- | - | 6,238 | 6,238 | (81,970) | (75,732) | |
787,765 | 4,779,093 | 15,998,838 | 21,565,696 | 5,553,817 | 27,119,514 | |
787,766 | 1,810,498 | 4,768,769 | 7,367,032 | - | 7,367,032 | |
- | - | 392,969 | 392,969 | - | 392,969 | |
- | - | (245,700) | (245,700) | - | (245,700) | |
13,860 | 13,860 | 13,860 | ||||
787,766 | 1,810,498 | 4,929,898 | 7,528,161 | - | 7,528,161 | |
787,765 | 2,506,339 | 4,940,452 | 8,234,556 | - | 8,234,556 | |
- | - | 15,322 | 15,322 | - | 15,322 | |
- | - | (191,100) | (191,100) | - | (191,100) | |
787,765 | 2,506,339 | 4,764,680 | 8,058,784 | - | 8,058,784 | |
The notes to the financial statements on page 05 & 06 form an integral part of the financial statements. The figures in brackets indicate deductions.
Page 3
Lanka Walltiles PLC
Interim Financial Statements
For the six months ended 30th September 2024
Cash Flow Statement
Period ended
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax from continuing operation
Adjustments for ;
Depreciation and amortisation
Amortisation of right of use lease assets
Income from investments
(Profit)/loss on sale of property, plant & equipment Interest income
Finance costs
Provision for retirement benefit obligations Allowance for obsolete and slow moving inventories Allowance for impairment of trade receivable Foreign exchange (gain)/ loss
Share of net profit of associate
Operating profit before working capital changes
(Increase)/ decrease in inventories
(Increase)/ decrease in trade and other receivables (Increase)/ decrease in dues from related parties Increase/ (decrease) in dues to related parties Increase/ (decrease) in trade and other payables
Cash generated/ (used in) from operations
Interest received
Finance costs paid
Retirement benefit costs paid
Income tax paid
Net cash from/ (used in) operating activities
CASH FLOWS FROM/ (USED IN) INVESTING ACTIVITIES
Acquisition of property, plant & equipment
Proceeds from sale of property, plant & equipment
Proceeds from sale of subsidiary
Income from investments
Net cash flows from / (used in) investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Interest bearing borrowings obtained
Repayment of interest bearing borrowings
Repayment of lease liability
Dividend paid - on ordinary shares
Dividend paid to non controlling interest
Write back of unclaimed dividends
Net cash flows from/(used in) financing activities
Net increase / (decrease) in cash and cash equivalents
MOVEMENT IN CASH & CASH EQUIVALENTS
Foreign currency translation differences of foreign operations
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period
GROUP | COMPANY | |||
30.09.2024 | 30.09.2023 | 30.09.2024 | 30.09.2023 | |
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |
1,425,930 | 2,277,100 | (13,353) | 465,725 | |
600,299 | 527,773 | 150,035 | 116,648 | |
43,734 | 19,643 | 17,237 | 3,405 | |
- | - | (190,291) | (217,024) | |
(597) | (22,000) | 1 | - | |
(50,509) | (123,754) | - | - | |
486,238 | 1,082,627 | 71,030 | 208,740 | |
48,430 | 52,642 | 9,750 | 14,482 | |
30,450 | 57,868 | - | 5,700 | |
4,188 | 6,800 | - | 2,000 | |
(32,431) | 137,102 | (7,026) | 26,523 | |
1,916 | 101 | - | - | |
2,557,650 | 4,015,902 | 37,383 | 626,199 | |
(3,250,010) | 396,577 | (799,966) | 146,694 | |
(1,083,279) | (563,471) | 563,056 | 51,835 | |
68,847 | 70,038 | (153,512) | 13,818 | |
(61,376) | (53,472) | (279,392) | 288,374 | |
886,383 | (69,139) | 47,704 | (220,088) | |
(881,786) | 3,796,435 | (584,727) | 906,832 | |
50,509 | 123,754 | - | - | |
(486,238) | (1,082,627) | (71,030) | (208,740) | |
(23,804) | (4,623) | (2,807) | (1,571) | |
(1,133,150) | (773,133) | (121,965) | (75,641) | |
(2,474,469) | 2,059,807 | (780,528) | 620,880 | |
(1,939,053) | (2,364,273) | (1,232,089) | (1,850,099) | |
2,897 | 22,000 | 1,558 | - | |
- | 695,180 | - | - | |
- | - | 190,291 | 217,024 | |
(1,936,156) | (1,647,093) | (1,040,239) | (1,633,075) | |
10,754,165 | 9,975,290 | 4,244,884 | 2,458,573 | |
(6,711,315) | (11,343,824) | (2,994,385) | (1,895,159) | |
(51,187) | (32,245) | (9,634) | (11,098) | |
(191,100) | (245,700) | (191,100) | (245,700) | |
(75,732) | (103,881) | - | - | |
- | 13,860 | - | 13,860 | |
3,724,832 | (1,736,500) | 1,049,765 | 320,476 | |
(685,793) | (1,323,786) | (771,003) | (691,719) | |
170 | (553) | - | - | |
180,167 | 287,326 | (348,833) | (411,803) | |
(505,456) | (1,037,014) | (1,119,835) | (1,103,522) | |
The notes to the financial statements on pages 05 & 06 form an integral part of the financial statements. The figures in brackets indicate deductions.
Page 04
Page 4
Notes to the Financial Statements.
1.) | Corporate Information | ||
Lanka Walltiles PLC ("the Company") is a public limited liability company incorporated and domiciled in Sri Lanka and listed on the | |||
Colombo Stock Exchange. The registered office of the company is located at No.215, Nawala Road, Narahenpita, Colombo 05. | |||
The Consolidated Financial Statements of the company for the period ended 30th September 2024 comprise Lanka Walltiles PLC (Parent | |||
Company) and its subsidiaries and associates (together referred as the " Group"), namely Lanka Tiles PLC, Vallibel Plantation Management | |||
Ltd, Uni-Dil Packaging Ltd, Uni-Dil Packaging Solutions Ltd, Swisstek (Ceylon) PLC, Swisstek Aluminium Ltd, LWL Development (Pvt) | |||
Ltd, Beyond Paradise Collection Ltd, Lanka Swisstek (Pvt) Ltd, | LTL Development Ltd, Swisstek Development Ltd, LW Plantation Investment | ||
Ltd, CP Holdings (Pvt) Ltd, Lanka Tiles USA Inc, and Valley View Ceramics LLC. | |||
2.) | The above figures are provisional and subject to audit. | ||
3.) | The same accounting policies as in the annual report for the year ended 31 March 2024 have been followed in the preparation of financial | ||
statements and are in compliance with LKAS 34 - Interim Financial Reporting. | |||
The presentation and classification of the financial statements of the previous period have been amended, with those of the current period | |||
where relevant, for better presentation and to be comparable. | |||
4.) | During the six months, the Group incurred Rs.117 Mn (Company Rs.19 Mn.) for the services rendered in improving the manufacturing | ||
processes. This service has been provided by related companies, Royal Ceramics Lanka PLC and Vallibel One PLC. | |||
5.) | There have been no changes in contingent assets and contingent liabilities since 31st March 2024. | ||
6.) | A Final dividend of Rs 0.70 per share amounted to Rs. 191,100,000.00 for the financial year 2023/24 was approved by the shareholders at the | ||
Annual General Meeting on 28th June 2024 and paid on 18th July 2024. | |||
7.) | There have been no other material events occurring after the reporting date that require adjustments or disclosure to these financial statements. | ||
8.) | Market prices recorded during the quarter ended | ||
30th September | 2024 | 2023 | |
Rs.cts | Rs.cts | ||
Highest market price per share | 52.30-(01-07-2024) | 52.70-(10-06-2023) | |
Lowest market price per share | 45.10-(06-09-2024) | 43.00-(18-08-2023) | |
Closing market price per share | 51.50-(30-09-2024) | 46.70-(27-09-2023) | |
Last traded price per share | 51.40-(30-09-2024) | 47.00-(27-09-2023) | |
9.) | Directors holding in shares as at 30th September 2024 | ||
Shareholder | No. of shares | % | |
Mr. J.A.P.M. Jayasekara | 995 | 0.000 | |
Mr. M.W.R.N Somarathne | 40,000 | 0.014 | |
Sampath Bank PLC /Mr. M W R N Somarathne | 60,000 | 0.022 |
10.) Percentage of public holding as at 30th September 2024 was 29.106 % comprising of 15,029 shareholders.
11.) The float adjusted market capitalization as at 30th September 2024 was Rs. 4,036,630,738.00 under option 4 of rule 7.13.1 (i) (a) of the Listing Rules and the company has complied with the minimum public holding requirement applicable under the said option.
Page 5
12.) 25 Major shareholders as at 30th September 2024
Shareholder | No. of shares | % | |
1 | Royal Ceramics Lanka PLC | 148,921,090 | 54.550 |
2 | Mr. A.A. Page | 19,636,260 | 7.193 |
3 | Arunodhaya Investments (Pvt) Ltd | 6,313,345 | 2.313 |
4 | Arunodhaya Industries (Pvt) Ltd | 6,313,345 | 2.313 |
5 | Arunodhaya (Pvt) Ltd | 6,313,345 | 2.313 |
6 | Sri Lanka Insurance Corporation Ltd-Life Fund | 6,115,349 | 2.240 |
7 | Employees Trust Fund Board | 4,559,207 | 1.670 |
8 | Mrs. A. Selliah | 3,733,895 | 1.368 |
9 | Mrs. A. Kailasapillai | 3,486,670 | 1.277 |
10 | Amana Bank PLC/Mr.Mohamed Nayaz Deen | 2,321,908 | 0.851 |
11 | Andysel (Pvt) Ltd | 2,100,000 | 0.769 |
12 | Seylan Bank PLC/Mohamed Nayaz Deen | 1,808,244 | 0.662 |
13 | Mr. K. Aravinthan | 1,680,000 | 0.615 |
14 | Mr. K.A.S.R. Nissanka | 1,506,204 | 0.552 |
15 | Mr. S. Vasudevan | 1,000,000 | 0.366 |
16 | Mrs. Y.W.S.R. Yatanwala | 982,230 | 0.360 |
17 | Sri Lanka Insurance Corporation Ltd-General Fund | 935,240 | 0.343 |
18 | Mrs. S. Vasudevan & Mr. S.Vasudevan | 925,059 | 0.339 |
19 | Ames Tile & Stone Ltd | 887,250 | 0.325 |
20 | Hatton National Bank PLC/Arunasalam Sithampalam | 851,875 | 0.312 |
21 | Seylan Bank PLC/Phantom Invesment (Pvt) Ltd | 804,400 | 0.295 |
22 | Hatton National Bank PLC/Astrue Alpha Fund | 795,143 | 0.291 |
23 | Assetline Finance Limited/British Americal Technologies (Pvt) Ltd | 625,000 | 0.229 |
24 | National Savings Bank | 544,999 | 0.200 |
25 | Mr. P. A. D. Ruwan Udayanga Pushpakumara | 543,630 | 0.199 |
Sub Total | 223,703,688 | 81.943 | |
Other Shareholders | 49,296,312 | 18.057 | |
Grand Total | |||
273,000,000 | 100.000 | ||
Page 6
CORPORATE INFORMATION
NAME OF THE COMPANY | REGISTERED OFFICE |
Lanka Walltiles PLC | 215, Nawala Road, Narahenpita, Colombo 05 |
Telephone : + 94 -11 - 2808050 / 2808001-3 | |
Facsimile : + 94 -11 - 2806232 | |
LEGAL FORM | E-mail : info@lankatiles.com |
Lanka Walltiles PLC is a public limited liability company | Website : www.lankatiles.com |
which was incorporated under the Companies Ordinance | |
No.51 of 1938 as a public company on 24th day of September | FACTORY |
1975. | |
Meepe, Padukka | |
Pursuant to the requirements of the new Companies Act No. 7of | |
Telephone : + 94 - 11 - 4309809 | |
2007, the Company was re-registered on 24th July 2007 | |
Facsimile : + 94 - 11 - 2859168 | |
and bears registration number PQ 55. | E-mail : meepe_fac@lankatiles.com |
DIRECTORS | BANKERS |
Mr. A M Weerasinghe (Chairman) | Commercial Bank of Ceylon PLC |
Mr. J A P M Jayasekera (Managing Director) | DFCC Bank PLC |
Dr. S Selliah | Bank of Ceylon |
Mr. T G Thoradeniya | Hongkong & Shanghai Banking Corp. Limited |
Mr. K D G Gunaratne | Hatton National Bank PLC |
Ms. A M L Page | Sampath Bank PLC |
Mr. M W R N Somaratne | Seylan Bank PLC |
Mr. J D N Kekulawala | Habib Bank Limited |
Mr. S M Liyanage | Pan Asia Banking Corporation PLC |
Mr. S R Jayaweera | Union Bank of Colombo PLC |
Ms. K A D B Perera |
SECRETARIES | AUDITORS |
P W Corporate Secretarial (Pvt) Ltd | EY |
No. 3/17, Kynsey Road | Chartered Accountants |
Colombo 08 | 109, Galle Road, |
Telephone : + 94 -11 - 4640360-3 | Colombo 03 |
Facsimile : + 94 -11 - 4740588 | |
E-mail : pwcs@pwcs.lk | |
PARENT COMPANY | |
Royal Ceramics Lanka PLC | |
No 20,R A De Mel Mawatha | |
Colombo 03 | |
Telephone : + 94 - 11 - 4799400 | |
Facsimile : + 94 - 11 - 4720077 | |
Website : www.rocell.com |
Page 7
