LAXAPANA PLC Company No. PQ 170
Laxapana PLC Financial Review for the year ended 31 March 2025 Overview
For the financial year 2024/25, the Group recorded a revenue of Rs. 3.4 billion and a profit after tax (PAT) of Rs. 167.3 million, reflecting the strength and resilience of its strategic direction. In line with this strong performance, the Company has declared a dividend of Rs. 1.50 per share for the year, returning Rs 99.3 Mn to shareholders.
During the year, Laxapana PLC and its subsidiary, Sterling Steels (Private) Limited, expanded their distribution network to strengthen their presence in the dealer market. Operating under the brand name 'Sterling', Sterling Steels launched a fresh marketing campaign aimed at communicating its product portfolio and reinforcing its market position.
Financial Performance - Year Ended 31 March 2025Group revenue surged by an impressive 236% year-over-year, driven by the successful integration of Sterling Steels (Private) Limited and the realization of operational synergies. The Company itself posted a 34% increase in revenue, demonstrating robust sales growth and healthy organic expansion across its operations.
Quarterly Performance - Q4 Ended 31 March 2025For the fourth quarter, the Group reported revenue of Rs. 906.7 million, a 153% increase compared to Q4 of 2023/24. The Company recorded revenue of Rs. 268.9 million, marking a 24% increase over the same period. Group profit before tax (PBT) stood at Rs. 67.0 million, with profit after tax (PAT) of Rs. 41.2 million. For the Company, PBT was Rs. 9.9 million, while it recorded a loss after tax of Rs. 2.2 million. This loss reflects an inventory provision of Rs. 31.9 million, made to align with the accounting policies of the Parent Company.
OutlookThe Group remains optimistic about its growth trajectory. The successful integration of Sterling Steels (Private) Limited, coupled with continued distribution expansion, has positioned the Group for sustained momentum. Strong topline growth and stable gross profit margins underscore the Group's underlying strength. With new product lines under the 'Sterling' brand and an enhanced market footprint, the Group is well-placed to seize emerging market opportunities and deliver continued value to its stakeholders in the coming financial year.
Sgd S. Rajaratnam Director 27thMay 2025LAXAPANA PLC
GROUP
COMPANY
Earnings Per Share Rs.
0.62
3.12
(0.03)
1.94
88,978 | -74% |
248,706 | -100% |
(28,645) | 125% |
(121,584) | -34% |
190,388 | -87% |
- | |
(21,961) | 6% |
(19,493) | 110% |
(4,156) | 267% |
(2,308) | 228% |
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For the Quarter ended 31st March 2025 2024 Rs.'000 Rs.'000 | Variance % | 2025 Rs.'000 | 2024 Rs.'000 | Variance % | ||
Revenue 906,652 358,463 | 153% | 268,893 | 217,517 | 24% | ||
Cost of Sales (701,911) (311,842) | 125% | (211,654) | (207,463) | 2% | ||
Gross Profit | 204,740 | 46,621 | 339% | 57,239 | 10,054 | 469% |
Other Income | 22,946 | 24,524 | ||||
Gain on bargain purchase | - | - | ||||
Administrative Expenses | (64,560) | (23,270) | ||||
Distribution Expenses | (80,826) | (40,980) | ||||
Profit from Operating Activities | 82,299 | 234,076 | -65% | 17,513 | 158,988 | -89% |
Net Finance Costs | (15,270) | (7,562) | ||||
Profit before Tax | 67,029 | 229,920 | -71% | 9,950 | 156,680 | -94% |
Income Tax Expense | (25,812) | (23,095) | 12% | (12,162) | (28,360) | -57% |
Net Profit for the Quarter | 41,219 | 206,825 | -80% | (2,212) | 128,320 | -102% |
Other Comprehensive Income Re-measurement of Retirement Benefit Obligations | (19,857) | (2,721) | 630% | (6,663) | (2,253) | 196% |
Deferred tax effect on re-measurement of retirement benefit obligations | 5,957 | 816 | -630% | 1,999 | 676 | 196% |
Other Comprehensive Income for the Quarter | (13,900) | (1,905) | 630% | (4,664) | (1,577) | 196% |
Total Comprehensive Income for the Quarter | 27,319 | 204,920 | -87% | (6,876) | 126,743 | -105% |
Figures in brackets indicate deductions |
The above figures are provisional and subject to audit |
LAXAPANA PLC
260,598 | 224% |
224,031 | 46% |
161,296 | -44% |
248,706 | -100% |
(90,410) | 205% |
(254,769) | 40% |
262,706 | -26% |
- | |
(83,726) | 16% |
(152,678) | 19% |
(25,994) | 91% |
(24,146) | 87% |
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For the Year ended 31st March | GROUP | COMPANY | ||||
2025 | 2024 | Variance | 2025 | 2024 | Variance | |
Rs.'000 | Rs.'000 | % | Rs.'000 | Rs.'000 | % | |
Revenue | 3,357,560 | 999,523 | 236% | 1,152,393 | 858,577 | 34% |
Cost of Sales | (2,512,011) | (738,925) | 240% | (825,341) | (634,546) | 30% |
Gross Profit | 845,549 | 327,052 | ||||
Other Income | 90,680 | 194,121 | ||||
Gain on bargain purchase | - | - | ||||
Administrative Expenses | (275,588) | (97,026) | ||||
Distribution Expenses | (356,911) | (181,150) | ||||
Profit from Operating Activities | 303,730 | 325,421 | -7% | 242,997 | 250,333 | -3% |
Net Finance Costs | (49,575) | (45,261) | ||||
Profit before Tax | 254,155 | 299,427 | -15% | 197,736 | 226,187 | -13% |
Income Tax Expense | (86,894) | (43,884) | 98% | (31,648) | (49,149) | -36% |
Net Profit for the year | 167,261 | 255,543 | -35% | 166,088 | 177,038 | -6% |
Other Comprehensive Income Re-measurement of Retirement Benefit Obligations | (19,857) | (2,721) | 630% | (6,663) | (2,253) | 196% |
Deferred tax effect on re-measurement of retirement benefit obligations | 5,957 | 816 | 630% | 1,999 | 676 | 196% |
Other Comprehensive Income for the year | (13,900) | (1,905) | 630% | (4,664) | (1,577) | 196% |
Total Comprehensive Income for the year | 153,361 | 253,638 | -40% | 161,424 | 175,461 | -8% |
Earnings Per Share Rs. | 2.53 | 3.86 | 2.51 | 2.67 |
Figures in brackets indicate deductions |
The above figures are provisional and subject to audit |
LAXAPANA PLC
STATEMENT OF FINANCIAL POSITION
GROUP | COMPANY | |||
Unaudited | Audited | Unaudited | Audited | |
As at | 31-03-2025 | 31-03-2024 | 31-03-2025 | 31-03-2024 |
ASSETS | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 |
Non-Current Assets | ||||
Property, Plant and Equipment | 324,962 | 354,420 | 219,839 | 257,701 |
Capital Work-In- Progress | 86,048 | 86,048 | 86,048 | 86,048 |
Right of use Asset | 16,940 | 29,734 | - | - |
Investment Property | 609,260 | 608,000 | 609,260 | 608,000 |
Investment in Subsidiary | - | - | 320,000 | 320,000 |
Trade and Other Receivables | 8,556 | 7,924 | - | - |
Deferred Tax Assets | 10,033 | 19,618 | - | - |
Total Non-Current Assets | 1,055,799 | 1,105,744 | 1,235,147 | 1,271,749 |
Current Assets | ||||
Inventories | 1,163,262 | 673,962 | 266,252 | 231,229 |
Trade and Other Receivables | 707,930 | 542,650 | 237,627 | 280,212 |
Other Financial Assets measured at Amortised Cost - Loans due from Related Parties | 47,905 | - | 47,905 | - |
Income Tax Receivables | 3,665 | - | - | - |
Cash and Cash Equivalents | 61,250 | 97,286 | 44,995 | 13,005 |
Total Current Assets | 1,984,012 | 1,313,898 | 596,779 | 524,446 |
Total Assets | 3,039,812 | 2,419,642 | 1,831,926 | 1,796,195 |
EQUITY AND LIABILITIES | ||||
Equity | ||||
Stated Capital | 546,384 | 546,384 | 546,384 | 546,384 |
Revaluation Reserve | 1,107 | 1,107 | 1,107 | 1,107 |
Retained Earnings | 621,229 | 567,205 | 551,115 | 489,028 |
Total Equity | 1,168,720 | 1,114,696 | 1,098,606 | 1,036,519 |
Non-Current Liabilities | ||||
Retirement Benefit Obligations | 57,280 | 31,342 | 17,395 | 8,873 |
Interest Bearing Loans and Borrowings | 172,473 | 115,352 | 172,473 | 115,352 |
Deffred Tax Liability | 118,876 | 131,057 | 118,876 | 131,057 |
Lease Liability | 14,516 | 28,224 | - | - |
Non-Current Liabilities | 363,145 | 305,975 | 308,744 | 255,282 |
Current Liabilities | ||||
Trade and Other Payables | 831,914 | 370,367 | 305,215 | 199,477 |
Lease Liability | 10,670 | 11,957 | - | - |
Amount due to Related Companies | 2,488 | 16,657 | 276 | 16,657 |
Interest Bearing Loans and Borrowings | 641,878 | 547,261 | 98,088 | 219,848 |
Income Tax Payable | 20,997 | 3,651 | 20,997 | 19,334 |
Bank Overdrafts | - | 49,078 | - | 49,078 |
Total Current Liabilities | 1,507,947 | 998,971 | 424,576 | 504,394 |
Total Liabilities | 1,871,092 | 1,304,946 | 733,320 | 759,676 |
Total Equity and Liabilities | 3,039,812 | 2,419,642 | 1,831,926 | 1,796,195 |
Net Assets Value Per Share Rs. | 17.65 | 16.83 | 16.59 | 15.65 |
The above figures are provisional and subject to audit |
I certify that these Financial Statements are prepared in compliance with the requirements of the Companies Act No. 07 of 2007 |
Sgd |
A.D.T. Mendis |
Director / Group Chief Financial Officer |
The Board of Directors is responsible for the preparation and fair presentation of these Financial Statements. |
Approved and signed for and on behalf of the Board of Directors of Laxapana PLC. |
Sgd |
S. Rajaratnam |
Director |
Sgd |
S.D.R. Arudpragasam |
Chairman |
27th May 2025
LAXAPANA PLC
STATEMENT OF CHANGES IN EQUITY
GROUP | Stated Capital | ||||
Ordinary | Preference | Revaluation | Retained | Total | |
Share | Share | Reserve | Earnings | ||
Capital | Capital | ||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |
Balance as at 1st April 2023 | 546,374 | 10 | 1,107 | 412,905 | 960,396 |
Profit for the year | - | - | - | 255,543 | 255,543 |
Other Comprehensive income for the year | (1,905) | (1,905) | |||
Dividend Paid | (99,337) | (99,337) | |||
Balance as at 31st March 2024 | 546,374 | 10 | 1,107 | 567,205 | 1,114,696 |
Balance as at 1st April 2024 | 546,374 | 10 | 1,107 | 567,205 | 1,114,696 |
Profit for the year | - | - | - | 167,261 | 167,261 |
Other Comprehensive Income for the year | - | - | - | (13,900) | (13,900) |
Dividend Paid | - | - | - | (99,337) | (99,337) |
Balance as at 31st March 2025 | 546,374 | 10 | 1,107 | 621,229 | 1,168,720 |
COMPANY | Stated Capital | ||||
Ordinary | Preference | Revaluation | Retained | Total | |
Share | Share | Reserve | Earnings | ||
Capital | Capital | ||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |
Balance as at 1st April 2023 | 546,374 | 10 | 1,107 | 412,905 | 960,396 |
Profit for the Period | - | - | - | 177,038 | 177,038 |
Other Comprehensive income for the year | (1,577) | (1,577) | |||
Dividend Paid | (99,337) | (99,337) | |||
Balance as at 31st March 2024 | 546,374 | 10 | 1,107 | 489,028 | 1,036,519 |
Balance as at 1st April 2024 | 546,374 | 10 | 1,107 | 489,028 | 1,036,519 |
Profit for the year | - | - | - | 166,088 | 166,088 |
Other Comprehensive Income for the year | - | - | - | (4,664) | (4,664) |
Dividends | - | - | - | (99,337) | (99,337) |
Balance as at 31st March 2025 | 546,374 | 10 | 1,107 | 551,115 | 1,098,606 |
Figures in brackets indicate deductions |
The above figures are provisional and subject to audit |
LAXAPANA PLC
STATEMENT OF CASH FLOWS
GROUP | COMPANY | |||
For the Period ended 31st March | 2025 | 2024 | 2025 | 2024 |
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Profit before tax | 254,155 | 299,427 | 197,736 | 226,187 |
Adjustments for ; | ||||
Depreciation on property, plant and equipment | 56,023 | 26,404 | 42,010 | 25,309 |
Amortization of Right of use assets | 12,794 | - | - | - |
Impairment loss/(reversal) on trade receivables and amounts due from related parties | 6,897 | (20,221) | (4,157) | (3,459) |
Interest expense | 72,617 | 37,404 | 51,658 | 29,639 |
Interest income | (7,527) | (6,993) | (3,274) | (1,076) |
Provision for retirement benefit obligations | 7,213 | 1,424 | 1,859 | 1,094 |
Dividends income | - | - | (102,000) | (102,000) |
Provision/(Reversal) for slow moving inventories | 32,601 | 7,501 | 45,585 | 13,058 |
Profit on Sales of property,plant & equipment | (280) | - | (280) | - |
Gain on Bargain Purchase | - | (248,706) | - | - |
Fair Value gain on investment property | (1,260) | (33,250) | (1,260) | (33,250) |
Operating cash flows before working capital changes | 433,233 | 62,990 | 227,877 | 155,502 |
(Increase) / Decrease in inventories | (521,902) | (84,153) | (80,607) | (56,243) |
(Increase) / Decrease in trade & other receivables | (170,715) | (28,377) | 48,836 | 10,456 |
Increase / (Decrease) in amounts due to related companies | (14,169) | 15,770 | (16,380) | 15,770 |
Increase / (Decrease) in trade & other payables | 461,217 | 68,135 | 105,408 | (21,093) |
Cash generated from operations | 187,664 | 34,365 | 285,133 | 104,392 |
Income taxes paid | (69,851) | (50,844) | (40,168) | (50,844) |
Retirement benefit obligations | (1,132) | (1,394) | - | (246) |
Interest paid | (72,287) | (34,175) | (51,328) | (26,409) |
Net cash flows generated from / (used in) operating activities | 44,394 | (52,048) | 193,637 | 26,893 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Interest received | 7,527 | 6,993 | 3,274 | 1,076 |
Investment in Subsidiary | - | - | - | (320,000) |
Acquisition of subsidiary, net of cash | - | (170,262) | - | - |
Proceeds from Disposal of Property. Plant & Equipment | 280 | - | 280 | - |
Investment in Solar Project | - | (10,739) | - | (10,739) |
Dividend Income | - | - | 102,000 | 102,000 |
Short term loan granted to related companies | (50,000) | - | (50,000) | - |
Purchase & Construction of Property, Plant & Equipment | (26,566) | (1,193) | (4,148) | (1,193) |
Net cash flows from (used in) investing activities | (68,759) | (175,201) | 51,406 | (228,856) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Proceeds from loans and borrowings | 1,573,675 | 721,441 | 742,274 | 611,875 |
Dividend paid | (99,337) | (99,337) | (99,337) | (99,337) |
Repayment of borrowings | (1,421,937) | (365,095) | (806,913) | (365,095) |
Lease Rental Payment | (14,994) | - | - | |
Net cash flows generated from/ (used in) financing activities | 37,407 | 257,009 | (163,976) | 147,443 |
Net increase in cash & cash equivalent | 13,042 | 29,760 | 81,067 | (54,520) |
Cash & cash equivalents at the beginning of the period | 48,208 | 18,448 | (36,073) | 18,448 |
Cash & cash equivalents at the end of the period | 61,250 | 48,208 | 44,995 | (36,073) |
Figures in brackets indicate deductions | ||||
The above figures are provisional and subject to audit | ||||
LAXAPANA PLC
3 | Stated Capital |
Issued & Fully Paid |
31-Mar-25 | |
No. of | Rs.'000 |
Shares | |
66,224,939 | 546,374,085 |
1,000 | 10,000 |
546,384,085 | |
31-Mar-24 | |
No. of | Rs.'000 |
Shares | |
66,224,939 | 546,374,085 |
1,000 | 10,000 |
546,384,085 | |
Ordinary Shares |
5% Cumulative Preference Shares |
GROUP |
Cost of Sales |
Administrative Expenses |
COMPANY |
Cost of Sales |
Administrative Expenses |
NOTES TO THE ACCOUNTS
1 | The figures stated above are provisional and subject to audit. |
2 | Accounting Policies. |
The Interim Financial Statements have been prepared in accordance with the accounting policies and methods of computation which are consistent with those policies and methods followed during the financial year ended 31st March 2024, and also in compliance with LKAS 34 - Interim Financial Reporting. | |
The presentation and the classification of the financial statements of the previous period have been adjusted where relevant, for better presentation and to be comparable with current reporting. |
4 | Contingent Liabilities |
There were no material contingent liabilities, which require adjustment to or disclosure in the financial statements as at the reporting period. |
5 | Capital commitments |
There were no material capital commitments, which require adjustment to or disclosure in the financial statements as at the reporting period. |
6 | Events occurring after reporting date |
There have been no material events occurring after the reporting date that require adjustments to or disclosure in the Financial Statements. |
7 | Comparative Information |
The following comparative figures have been reclassified in the statement of profit or loss and other comprehensive income to comply with the current year classification. |
Quarter Ended | ||
2024 | ||
Previous | Reclassified | Current |
Rs.'000 | Rs.'000 | Rs.'000 |
(295,704) | (16,138) | (311,842) |
(44,783) | 16,138 | (28,645) |
Year Ended | ||
2024 | ||
Previous | Reclassified | Current |
Rs.'000 (725,867) (103,468) | Rs.'000 (13,058) 13,058 | Rs.'000 (738,925) (90,410) |
Quarter Ended | ||
2024 | ||
Previous | Reclassified | Current |
Rs.'000 | Rs.'000 | Rs.'000 |
(191,325) | (16,138) | (207,463) |
(38,099) | 16,138 | (21,961) |
Year Ended | ||
2024 | ||
Previous | Reclassified | Current |
Rs.'000 (621,488) (96,784) | Rs.'000 (13,058) 13,058 | Rs.'000 (634,546) (83,726) |
LAXAPANA PLC
8 | SHARE INFORMATION |
8.1 | PUBLIC HOLDING |
The percentage of shares held by the public as at 31st March 2025 was 20.02% and the number of public shareholders as at that date was 1,853. |
8.3 | MARKET PRICES RECORDED DURING THE QUARTER ENDED |
31-Mar-25 | 31-Mar-24 |
RS. | RS. |
36.80 | 18.20 |
24.60 | 12.50 |
30.50 | 16.00 |
Highest Price |
Lowest Price |
Last Traded Price |
The applicable option under CSE Rule 7.13.1 (i) (a) on minimum public holding is option 5 and the Float Adjusted Market Capitalization as of 31.03.2025 was Rs.403,050,276.75
8.2 | SHAREHOLDINGS OF THE DIRECTORS |
DIRECTORS' DIRECT SHAREHOLDING | |
Mr. S.W. Gunawardena | |
Mr. S. Rajaratnam |
31-Mar-25 | 31-Mar-24 |
NO. OF SHARES | NO. OF SHARES |
113,500 | 113,500 |
500,000 | 500,000 |
8.4 | MAJOR SHAREHOLDERS AS AT 31ST MARCH 2025 | |||
NAME | NO. OF SHARES | PERCENTAGE | ||
1 | E.B. CREASY & COMPANY PLC | 27,712,378 | 41.85% | |
2 | AMANA BANK PLC/E.B. CREASY & COMPANY PLC | 17,500,000 | 26.43% | |
3 | SAMPATH BANK PLC/ SENTHILVERL HOLDINGS (PVT) LTD | 8,110,352 | 12.25% | |
4 | HATTON NATIONAL BANK PLC/SRI DHAMAN RAJENDRAM ARUDPRAGASAM | 6,500,000 | 9.82% | |
5 | MR. SANJEEV RAJARATNAM | 500,000 | 0.76% | |
6 | MR. DEGIRI MADHAWA PUSHPAKUMARA DE ZOYSA | 400,000 | 0.60% | |
7 | COLOMBO FORT INVESTMENTS PLC | 315,000 | 0.48% | |
8 | COLOMBO INVESTMENT TRUST PLC | 310,000 | 0.47% | |
9 | CARGILLS BANK LIMITED/SENTHILVERL HOLDINGS (PVT) LTD | 223,307 | 0.34% | |
10 | MR. HENRY ANTHONY ROHAN PIERIS | 200,000 | 0.30% | |
11 | PEOPLE'S LEASING & FINANCE PLC/DR.H.S.D.SOYSA & MRS.G.SOYSA | 175,092 | 0.26% | |
12 | MR. ZOEBALY GULAMABASS CARIMJEE | 143,482 | 0.22% | |
13 | MS. VYTHILINGAM ANANTHI | 116,905 | 0.18% | |
14 | MR. MOHAMED NASIM MOHAMMED RIFKAN | 114,000 | 0.17% | |
15 | MR. SANJEEWA WIJESIRI GUNAWARDENA | 113,500 | 0.17% | |
16 | DR. ATHUGODAGE ARUNA MAHESH DHARMADASA | 109,525 | 0.17% | |
17 | MR. MANIMEL WADU MADHUSANKA DINESH WEERARATNE | 100,000 | 0.15% | |
18 | MR. MUTHUTHANTHRIGE STEPHEN ANGELO FERNANDO | 96,743 | 0.15% | |
19 | MR. NISHANTHA ANURUDDHA WEERASINGHE | 75,800 | 0.11% | |
20 | MR. ABEYSIRI HEMAPALA MUNASINGHE AND MR. ABEYSIRI RAJITH RUCHIRANGA MUNASINGHE | 75,000 | 0.11% | |
21 | MR. ABEYSIRI HEMAPALA MUNASINGHE AND MISS. ABEYSIRI VITHANGA KAVINDI MUNASINGHE | 75,000 | 0.11% | |
22 | MRS. NIROSHINI PRADEEPIKA ARIYADASA AND MR. WAGAGE AJITH KUMARA JAYASINGHE | 70,000 | 0.11% | |
23 | PEOPLE'S LEASING & FINANCE PLC/MR. A.A.J. FERNANDO | 67,900 | 0.10% | |
63,103,984 | 95.29% | |||
BOARD OF DIRECTORS |
S.D.R. Arudpragasam |
FCMA (Chairman) |
S. Rajaratnam |
B.Sc., CA. |
R.N. Bopearatchy (Resigned w.e.f. 31.12.2024) |
B.Sc. (Cey.), Dip. BM, MBA. |
R.C.A. Welikala |
P.M.A. Sirimane (Resigned w.e.f. 31.12.2024) |
FCA, MBA |
A.R. Rasiah (Resigned w.e.f. 31.12.2024) |
B.Sc. (Cey.) FCA |
S.N.P. Palihena (Resigned w.e.f. 31.12.2024) |
FCIB (U.K.) FIB (SL) Post Grad. Dip. Bus. & FA |
Dr. A.M. Mubarak (Resigned w.e.f. 31.12.2024) |
B.Sc. (Hons.) (Cey), Ph.D.(Cantab), FICHEMC, FNASSL |
S.W. Gunawardena |
B.Sc., MBA |
A.D.T. Mendis |
FCCA-UK, ACA, MCSI-UK, MBA(USQ-AUS), BSc Finace Special (Hons) |
K.G. Punchihewa (Appointed w.e.f. 01.01.2025) |
FCA, CPA (Aus). |
S.B. Perera (Appointed w.e.f. 01.01.2025) |
FCMA/CGMA (UK) B.Sc.Mech.Eng.(Hons.) |
P.Y.S.Perera (Appointed w.e.f. 07.02.2025) |
FCA,FCMA (UK) |
AUDITORS |
KPMG, Chartered Accountants, |
32, Sir Mohamed Macan Markar Mawatha, |
Colombo 3. |
BANKERS |
Hatton National Bank PLC |
Commercial Bank of Ceylon PLC |
Sampath Bank PLC |
Union Bank of Colombo PLC |
DFCC Bank PLC |
People's Bank |
Seylan Bank PLC |
LEGAL ADVISERS |
Messrs Julius & Creasy |
Attorneys-at-Law |
P.O. Box 154, |
Colombo. |
NAME OF COMPANY |
Laxapana PLC |
STOCK EXCHANGE LISTING |
The Ordinary Shares of the Company are listed with the Colombo Stock Exchange of Sri Lanka. |
LEGAL FORM |
A Public Quoted Company with limited liability Incorporated in Sri Lanka under the Companies Ordinance No 51 of 1938 on 13th August 1956 |
SECRETARIES |
Corporate Managers & Secretaries (Private) Ltd. |
8-5/2, Leyden Bastian Road, |
York Arcade Building, |
Colombo 1. |
COMPANY REGISTRATION NUMBER |
PQ 170 |
REGSTERED OFFICE |
98, Sri Sangaraja Mawatha, |
Colombo 10. |
SUBSIDIARY |
Sterling Steels (Private) Limited |
Credit Rating |
BB+ Stable |