L E E H E D G E S P L C
( f o r m a l l y k n o w n a s S h a w W a l l a c e & H e d g e s P L C )
Company Reg. No. PQ 152
Q U A R T E R L Y F O R 1 S T Q U A R
F I N A N C I A L T E R E N D E D
S T A T E M E N T S J U N E 3 0 , 2 0 2 4
Registered Office
353, Kollupitiya Road, P.O. Box 84, Colombo 3.
LEE HEDGES PLC
(formally known as Shaw Wallace & Hedges PLC) Company Reg. No. PQ 152
353, Kollupitiya Road,
P.O. Box 84, Colombo 3.
Dear Shareholder,
We have pleasure in presenting hereunder relevant details of the unaudited results of the performance of your Company and the Group for the Quarter ended 30th June 2024, together with the corresponding figures for the previous year.
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME | |||||||
Consolidated | |||||||
Quarter ended | Period ended | ||||||
30-06-2024 | 30-06-2023 Variance | 30-06-2024 30-06-2023 Variance | |||||
Rs '000 | Rs '000 | % | Rs '000 | Rs '000 | % | ||
Continuing Operations | |||||||
Revenue | 50,903 | 47,388 | 7 | 50,903 | 47,388 | 7 | |
Cost of Sales | (780) | (782) | (0) | (780) | (782) | (0) | |
Gross Profit | 50,123 | 46,606 | 8 | 50,123 | 46,606 | 8 | |
Other Income | 50 | - | - | 50 | - | - | |
Administrative Expenses | (27,332) | (53,523) | (49) | (27,332) | (53,523) | (49) | |
Other Expenses | (5,442) | - | - | (5,442) | - | - | |
Results from operating activities | 17,399 | (6,917) | (352) | 17,399 | (6,917) | (352) | |
Net Finance Income | 52,982 | 130,265 | (59) | 52,982 | 130,265 | (59) | |
Profit / (Loss) before Taxation | 70,381 | 123,348 | (43) | 70,381 | 123,348 | (43) | |
Income Tax Release / (Expense) | (16,242) | (6,905) | 135 | (16,242) | (6,905) | 135 | |
Profit / (Loss) for the year | |||||||
54,139 | 116,443 | (54) | 54,139 | 116,443 | (54) | ||
Other Comprehensive Income | |||||||
Changes in the fair value of equity investments at fair value | 1,460 | 395 | 270 | 1,460 | 395 | 270 | |
through other comprehensive income | |||||||
Total Comprehensive income for the year | 55,599 | 116,838 | 55,599 | 116,838 | |||
Profit attributable to ; | |||||||
Equity holders of the company | 54,139 | 116,443 | (54) | 54,139 | 116,443 | (54) | |
Non controlling Interest | - | - | - | - | |||
Profit / (Loss) for the year | 54,139 | 116,443 | 54,139 | 116,443 | |||
Total Comprehensive income attributable to ; | |||||||
Equity holders of the company | 55,599 | 116,838 | (52) | 55,599 | 116,838 | (52) | |
Non controlling Interest | - | - | - | - | |||
Total Comprehensive income for the year | 55,599 | 116,838 | 55,599 | 116,838 | |||
Earnings / (loss) per Share (Rs.) | 2.11 | 4.55 | 2.11 | 4.55 |
Company
Quarter ended | Period ended | |||||
30-06-2024 | 30-06-2023 Variance | 30-06-2024 | 30-06-2023 Variance | |||
Rs '000 | Rs '000 | % | Rs '000 | Rs '000 | % | |
651 | 644 | 1 | 651 | 644 | 1 | |
- | - | - | - | - | - | |
651 | 644 | 1 | 651 | 644 | 1 | |
50 | - | - | 50 | - | - | |
(28,085) | (30,320) | (7) | (28,085) | (30,320) | (7) | |
(5,442) | - | - | (5,442) | - | - | |
(32,826) | (29,676) | 11 | (32,826) | (29,676) | 11 | |
27,651 | 86,591 | (68) | 27,651 | 86,591 | (68) | |
(5,175) | 56,915 | (109) | (5,175) | 56,915 | (109) | |
(8,714) | (6,905) | 26 | (8,714) | (6,905) | 26 | |
(13,889) | 50,010 | (128) | (13,889) | 50,010 | (128) | |
1,460 | 395 | (270) | 1,460 | 395 | 270 | |
(12,429) | 50,405 | (12,429) | 50,405 | |||
(13,889) | 50,010 | (128) | (13,889) | 50,010 | (128) | |
- | - | - | - | |||
(13,889) | 50,010 | (13,889) | 50,010 | |||
(12,429) | 50,405 | (125) | (12,429) | 50,405 | (125) | |
- | - | - | - | - | - | |
(12,429) | 50,405 | (12,429) | 50,405 | |||
(0.54) | 1.95 | (0.54) | 1.95 |
LEE HEDGES PLC
(formally known as Shaw Wallace & Hedges PLC) | |||||||||||
STATEMENT OF FINANCIAL POSITION | |||||||||||
Consolidated | Company | ||||||||||
Unaudited | Unaudited | ||||||||||
As at, | 30-06-2024 | 30-06-2023 | 31-03-2024 | 30-06-2024 | 30-06-2023 | 31-03-2024 | |||||
Rs '000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 | ||||||
ASSETS | |||||||||||
Non Current Assets | |||||||||||
Property, Plant & Equipment | 377,545 | 110,625 | 281,025 | 377,532 | 110,276 | 280,993 | |||||
Right-of-use assets | - | - | - | 9,072 | 22,681 | 12,477 | |||||
Investment Property | 4,297,479 | 3,969,690 | 4,297,479 | 1,879,480 | 1,790,630 | 1,879,480 | |||||
Investments - Subsidiary | - | - | - | 1,775,420 | 1,775,420 | 1,775,420 | |||||
4,675,024 | 4,080,315 | 4,578,504 | 4,041,504 | 3,699,007 | 3,948,370 | ||||||
Current Assets | |||||||||||
Trade and Other Receivables | 328,825 | 43,331 | 95,814 | 301,625 | 6,293 | 69,833 | |||||
Amounts due from Subsidiary | - | - | - | - | - | - | |||||
Short Term Investments | 1,150,251 | 925,792 | 2,100,298 | 435,695 | 877,877 | 1,260,791 | |||||
Investment in Equity Securities | 7,544 | 9,786 | 6,083 | 7,544 | 9,786 | 6,083 | |||||
Cash & Cash Equivalents | 1,007,440 | 1,525,793 | 321,901 | 604,535 | 739,806 | 138,515 | |||||
2,494,060 | 2,504,702 | 2,524,096 | 1,349,399 | 1,633,762 | 1,475,222 | ||||||
Total Assets | 7,169,084 | 6,585,017 | 7,102,600 | 5,390,903 | 5,332,769 | 5,423,592 | |||||
EQUITY AND LIABILITIES | |||||||||||
Equity | |||||||||||
Stated Capital | 51,205 | 51,205 | 51,205 | 51,205 | 51,205 | 51,205 | |||||
Capital Reserves | 553,231 | 553,231 | 553,231 | 553,231 | 553,231 | 553,231 | |||||
Revenue Reserves | 5,238,450 | 5,102,298 | 5,184,311 | 4,043,018 | 4,211,236 | 4,056,907 | |||||
Financial Assets FVOCI Reserve | (6,593) | (11,122) | (8,053) | (6,593) | (11,122) | (8,053) | |||||
Total Equity attributable to Equity holder of the Parent | 5,836,293 | 5,695,612 | 5,780,695 | 4,640,861 | 4,804,550 | 4,653,290 | |||||
Non controlling Interest | - | - | - | - | - | - | |||||
Total Equity | 5,836,293 | 5,695,612 | 5,780,695 | 4,640,861 | 4,804,550 | 4,653,290 | |||||
Non Current Liabilities | |||||||||||
Lease Liability | - | - | - | - | 8,837 | - | |||||
Retiring Benefit Obligations | 16,386 | 12,249 | 16,386 | 16,386 | 12,249 | 16,386 | |||||
Security Deposit | 43,752 | 36,498 | 43,753 | - | - | - | |||||
Deferred Tax Liabilities | 697,109 | 520,126 | 697,109 | 356,402 | 330,311 | 356,402 | |||||
757,247 | 568,873 | 757,248 | 372,788 | 351,397 | 372,788 | ||||||
Current Liabilities | |||||||||||
Other Payables | 459,251 | 179,987 | 426,256 | 295,220 | 19,990 | 286,082 | |||||
Lease Liability - Current | - | - | - | 8,837 | 16,287 | 8,599 | |||||
Income Tax Payable | 63,756 | 49,992 | 48,227 | 20,660 | 49,992 | 12,659 | |||||
Bank Overdraft | 52,537 | 90,553 | 90,174 | 52,537 | 90,553 | 90,174 | |||||
575,544 | 320,532 | 564,657 | 377,254 | 176,822 | 397,514 | ||||||
Total Equity and Liabilities | 7,169,084 | 6,585,017 | 7,102,600 | 5,390,903 | 5,332,769 | 5,423,592 | |||||
Net Asset Value per Share (Rs.) | 227.96 | 222.46 | 225.78 | 181.26 | 187.66 | 181.75 |
CERTIFICATION:
The Board of Directors is responsible for preparation and presentation of these Financial Statements.
Signed on behalf of the board of Directors of Lee Hedges PLC.
12th August 2024 | (Sgd)W.M.P Walisundara | (Sgd)S. Vamadevan |
Director | Director |
LEE HEDGES PLC
(formally known as Shaw Wallace & Hedges PLC)
STATEMENT OF CHANGES IN EQUITY
Consolidated
Balance as at 1st April 2023
Total comprehensive income for the year
Profit / (Loss) for the period
Net change in equity investments at fair value through other comprehensive income
Deferred Tax on other Comprehensive Income Total comprehensive income for the year
Balance as at 30th June 2023
Balance as at 1st April 2024
Total comprehensive income for the year
Profit / (Loss) for the period
Net change in equity investments at fair value through other comprehensive income
Total comprehensive income for the year
Balance as at 30th June 2024
Stated Capital
Rs. '000
51,205
-
-
-
-
51,205
51,205
-
-
-
51,205
Capital
Reserves
Rs. '000
553,231
-
-
-
-
553,231
553,231
-
-
-
553,231
General
Reserves
Rs. '000
81,786
-
-
-
-
81,786
81,786
-
-
-
81,786
Financial
Assets
FVOCI
Reserve
Rs. '000
(11,517)
-
395
-
395
(11,122)
(8,053)
-
1,460
1,460
(6,593)
Retained Earning
Rs. '000
4,904,069
116,443
-
-
116,443
5,020,512
5,102,525
54,139
-
54,139
5,156,664
Total
Rs. '000
5,578,774
116,443
395
-
116,838
5,695,612
5,780,694
54,139
1,460
55,599
5,836,293
Non- | ||
Controlling | Total Equity | |
Interest | ||
Rs. '000 | Rs. '000 | |
- | 5,578,774 | |
- | 116,443 | |
- | 395 | |
- | ||
- | 116,838 | |
- | 5,695,612 | |
- | 5,780,694 | |
- | 54,139 | |
- | 1,460 | |
- | 55,599 | |
- | 5,836,293 | |
Company
Balance as at 1st April 2023
Total comprehensive income for the yearProfit / (Loss) for the period
Net change in equity investments at fair value through other comprehensive income
Deferred Tax on other Comprehensive Income Total comprehensive income for the year
Balance as at 30th June 2023
Balance as at 1st April 2024
Total comprehensive income for the yearProfit / (Loss) for the period
Net change in equity investments at fair value through other comprehensive income
Total comprehensive income for the year
Balance as at 30th June 2024
Stated Capital
Rs. '000
51,205
-
-
-
-
51,205
51,205
-
-
-
51,205
Capital
Reserves
Rs. '000
553,231
-
-
-
-
553,231
553,231
-
-
-
553,231
General
Reserves
Rs. '000
81,786
-
-
-
-
81,786
81,786
-
-
-
81,786
Financial
Assets
FVOCI
Reserve
Rs. '000
(11,517)
-
395
-
395
(11,122)
(8,053)
-
1,460
1,460
(6,593)
Retained Earning
Rs. '000
4,079,440
50,010
-
-
50,010
4,129,450
3,975,121
(13,889)
-
(13,889)
3,961,232
Total
Rs. '000
4,754,145
50,010
395
-
50,405
4,804,550
4,653,290
(13,889)
1,460
(12,429)
4,640,861
LEE HEDGES PLC
(formally known as Shaw Wallace & Hedges PLC)
STATEMENT OF CASH FLOWS
Consolidated | ||||
For the | ||||
3 Months | 3 Months | Year Ended | Year Ended | |
Ended | Ended | |||
30-06-2024 | 30-06-2023 | |||
30-06-2024 | 30-06-2023 | |||
Rs '000 | Rs '000 | Rs '000 | Rs '000 | |
Cash Flows from Operating Activities | ||||
Profit / (Loss) before Taxation | 70,381 | 123,348 | 70,381 | 123,348 |
Adjustments for : | ||||
Finance Cost | 1,134 | 3,482 | 1,134 | 3,482 |
Interest Income | (54,116) | (133,747) | (54,116) | (133,747) |
Dividend Income | (50) | - | (50) | - |
Depreciation on Property, Plant & Equipment | 6,771 | 8,066 | 6,771 | 8,066 |
Gain on Disposal / Exchange of Property, plant & Equipment | 5,442 | - | 5,442 | - |
Amortisation of ROU | - | - | - | - |
Operating Profit / (Loss) before Working Capital Changes | 29,562 | 1,149 | 29,562 | 1,149 |
(Increase)/Decrease in Trade and Other Receivables | (233,011) | 7,369 | (233,011) | 7,369 |
(Increase)/Decrease in Related Company Balance | - | - | - | - |
Increase/(Decrease) in Payables | 32,994 | 19,894 | 32,994 | 19,894 |
Cash Generated from / (Used in) Operations | (170,455) | 28,412 | (170,455) | 28,412 |
Interest Paid | (1,134) | (3,482) | (1,134) | (3,482) |
Interest Income | 3,193 | 133,747 | 3,193 | 133,747 |
Income Tax Paid | (713) | (2,668) | (713) | (2,668) |
Net Cash Flows from Operating Activities | (169,109) | 156,009 | (169,109) | 156,009 |
Cash Flows from Investing Activities | ||||
Acquisition of Property, Plant & Equipment | (129,074) | (4,098) | (129,074) | (4,098) |
Proceeds from disposal of Equity Securities / (Investment in Shares) | 20,338 | - | 20,338 | - |
Dividend Received | 50 | - | 50 | - |
Net (Increase)/Decrease in Short Term Investments | 1,000,971 | 1,324,659 | 1,000,971 | 1,324,659 |
Net Cash Flows from Investing Activities | 892,285 | 1,320,561 | 892,285 | 1,320,561 |
Cash Flows from Financing Activities | ||||
Dividend paid | - | - | - | . |
Net Cash Flows from Financing Activities | - | - | - | - |
Net Increase / (Decrease) in Cash and Cash Equivalents | 723,176 | 1,476,570 | 723,176 | 1,476,570 |
Cash and Cash Equivalents at beginning of the period | 231,727 | (41,330) | 231,727 | (41,330) |
Cash and Cash Equivalents at end of the period (Note A) | 954,903 | 1,435,240 | 954,903 | 1,435,240 |
Note | ||||
A. Analysis of Cash and Cash Equivalents | ||||
Bank and Cash Balances | 1,007,440 | 1,525,793 | 1,007,440 | 1,525,793 |
Bank Overdrafts | (52,537) | (90,553) | (52,537) | (90,553) |
954,903 | 1,435,240 | 954,903 | 1,435,240 | |
Company
3 Months | 3 Months | Year Ended | Year Ended |
Ended | Ended | ||
30-06-2024 | 30-06-2023 | ||
30-06-2024 | 30-06-2023 | ||
Rs '000 | Rs '000 | Rs '000 | Rs '000 |
(5,175) | 56,915 | (5,175) | 56,915 |
1,373 | 4,160 | 1,373 | 4,160 |
(29,024) | (90,751) | (29,024) | (90,751) |
(50) | - | (50) | - |
6,753 | 7,571 | 6,753 | 7,571 |
5,442 | - | 5,442 | - |
3,402 | 3,402 | 3,402 | 3,402 |
(17,279) | (18,703) | (17,279) | (18,703) |
(231,792) | (660) | (231,792) | (660) |
- | - | - | - |
9,138 | 1,397 | 9,138 | 1,397 |
(239,933) | (17,966) | (239,933) | (17,966) |
(1,134) | (3,482) | (1,134) | (3,482) |
2,397 | 90,751 | 2,397 | 90,751 |
(713) | (2,668) | (713) | (2,668) |
(239,383) | 66,635 | (239,383) | 66,635 |
(129,074) | (4,098) | (129,074) | (4,098) |
20,338 | - | 20,338 | - |
50 | - | 50 | - |
851,726 | 648,962 | 851,726 | 648,962 |
743,040 | 644,864 | 743,040 | 644,864 |
- | - | - | - |
- | - | - | - |
503,657 | 711,499 | 503,657 | 711,499 |
48,341 | (62,246) | 48,341 | (62,246) |
551,998 | 649,253 | 551,998 | 649,253 |
604,535 | 739,806 | 604,535 | 739,806 |
(52,537) | (90,553) | (52,537) | (90,553) |
551,998 | 649,253 | 551,998 | 649,253 |
LEE HEDGES PLC
(formally known as Shaw Wallace & Hedges PLC)
NOTES TO THE INTERIM FINANCIAL STATEMENTS
-
Corporate information
Lee Hedges PLC (the Company) is a public limited liability Company listed on the Colombo Stock Exchange, incorporated and domiciled in Sri Lanka. The Company and its subsidiary have the registered office at No. 353, Kollupitiya Road, Colombo 03. The ordinary shares of the Company are being traded in the Colombo Stock Exchange.
Lee Hedges Investments Ltd is fully owned subsidiary of Lee Hedges PLC. - Market Price of Share
Information pertaining to the shares traded during the Quarter ended 30th June 2024, extracted from the website of the Colombo Stock Exchange, is set out below:
30-Jun-2024 | 30-Jun-2023 | |||
Period | 2024-2 | 2023-2 | ||
Date High | 4-Apr-24 | 17-Apr-23 | ||
High Rs. | 100.75 | 86.00 | ||
Date Low | 18-Jun-24 | 29-May-23 | ||
Low Rs. | 80.10 | 70.00 | ||
Close Rs. | 90.00 | 78.90 | ||
Trade Vol. | 228 | 49 | ||
Share Vol. | 128,152 | 77,818 | ||
Turn Over Rs. | 11,531,336.05 | 6,195,785.00 | ||
Last traded Date | 25-Jun-24 | 26-Jun-23 | ||
Days Traded | 34 | 25 | ||
3 Shareholders' Information | ||||
30-Jun-2024 | 30-Jun-2023 | |||
Rs. | Rs. | |||
Earnings per Ordinary Share (Rs.) | 2.11 | 4.55 | ||
Net Assets per Share (Rs.) | 227.96 | 222.46 | ||
Debt/Equity Ratio (%) | - | - | ||
Current Ratio (Times) | 4.33 | 7.81 |
LEE HEDGES PLC
(formally known as Shaw Wallace & Hedges PLC)
NOTES TO THE INTERIM FINANCIAL STATEMENTS
4 Directors' Shareholding | 30-Jun-2024 | 30-Jun-2023 |
Mr. S. Vamadhevan | - | - |
Mr. S M N L Senanayake | - | N/A |
Dr. D.S.L.P Wijesinghe | - | - |
Mr. S. S Vamathevan | - | - |
Mr.Rupert Rajeeve Spencer | - | - |
Mr.W.M.P. Walisundara | - | - |
Dr. Veronica Vamathevan | - | N/A |
Total Number of Shareholders | 972 | 990 |
Total Number of shares of the company | 25,602,730 | 25,602,730 |
Number of Public Shareholders | 970 | 988 |
% of Public Shareholders | 28.52% | 28.52% |
The float adjusted market capitalisation as at 30th June 2024 -Rs.657,116,820.00
Public shareholding percentage as at 30th June 2024 is 28.52% and the Company is in compliance with option 5 of section 7.13.1 (a) of the Listing Rules of Colombo Stock Exchange.
-
Basis of Preparation
The interim financial statements have been prepared in accordance with Sri Lanka Accounting Standard-LKAS 34 Interim Financial Reporting. These interim condensed financial statements should be read in conjunction with the annual financial statements for the year ended 31st March 2023. The financial statements provide information as required in terms of Rule 7.4 of the Colombo Stock Exchange.
The financial statements are provisional and subject to audit.
The interim financial statements have been prepared on a historical cost basis except for financial instruments & Land & building.
The interim financial statements are presented in Sri Lankan rupees and all values are rounded to the nearest thousand except when otherwise indicated. - Basis of Consolidation
The interim condensed consolidated financial statements comprise the financial statements of the Company and its subsidiaries as at 30th June 2024 - Functional and Presentation Currency
These condensed consolidated interim financial statements are presented in LKR, which is the company's functional currency. All financial information presented in LKR has been rounded to the nearest thousand. - Changes in accounting policies
The accounting policies applied by the Group in these condensed consolidated interim financial statements are the same as those applied by the Group in its consolidated financial statements as at and the year ended 31st March 2023
LEE HEDGES PLC
(formally known as Shaw Wallace & Hedges PLC)
NOTES TO THE INTERIM FINANCIAL STATEMENTS
9 Significant accounting policies
-
Investment in Subsidiary
The Group has measured an investment in a subsidiary, at deemed cost (previous SLAS carrying amount) in its separate SLFRS financial statements. - Financial instruments
The Sri Lanka Accounting Standard - SLFRS 9 on "Financial Instruments", which replaces the existing guidance on LKAS 39 on "Financial Instruments: Recognition and Measurement" has become effective for annual reporting periods beginning on or after January 01, 2018. SLFRS 9 replaces the "Incurred Loss Model" in LKAS 39 with forward looking "Expected Loss Model ("ECL") which requires considerable judgement over how changes in economic factors affect ECL, which in turn is to be determined on a probability weighted basis. SLFRS 9 also contains a new classification and measurement approach for financial assets that reflects the business model in which assets are managed based on their cash flow characteristics
Based on the "Statement of Alternative Treatment (SoAT) on the Figures in the Interim Financial Statements" issued by The Institute of Chartered Accountants of Sri Lanka entities are granted with the option to prepare Interim Financial
Statements continuing the application of LKAS 39 with disclosures on impact to the Income Statement and Statement of Profit or Loss and Other Comprehensive Income for the period if SLFRS 9 has been applied.
Accordingly, as permitted by the above SoAT, the Company has prepared the Interim Financial Statements for the quarter ended June 30,2024 basedonLKAS39.
9.2.1.1. Other financial liabilities
Financial liabilities are recognised initially at fair value plus any directly attributable transaction costs. Subsequent to initial recognition, these financial liabilities are measured at amortised cost using the effective interest method.
Other financial liabilities comprise bank borrowings, trade and other payables.
9.2.1.2 Loans and receivables
Loans and receivables comprise financial assets with fixed or determinable payments that are not quoted in an active market. Such assets are recognised at fair value plus any directly attributable transaction costs. Subsequent to initial recognition loans and receivables are measured at amortised cost using the effective interest method, less any impairment losses.
Loans and receivables comprise of cash and cash equivalents, inter company receivables and trade and other receivables.
10 Other information
-
Comparative Information
Where necessary comparative figures have been reclassified to conform with the current year's presentation. - Events Occurring after the Reporting date
There were no other material events that occurred after the Balance Sheet date that require adjustments to or disclosure in the Financial Statements.
- Property, Plant & Equipment
Property, Plant & Equipment included Rs.325 million of capital work in progress for the proposed corporate office building at 353 Galle Road, Colombo 03. - The number of shares included in the stated capital as at 30th June 2024 is 25,602,730.
-
Contingent Liabilities
There has been no any significant change in the nature of the contingent liabilities and contingent assets as disclosed in the quarterly financial statements as at 30th June 2024
LEE HEDGES PLC
(formally known as Shaw Wallace & Hedges PLC)
Twenty Major Shareholders as at 30th June 2024
Name of Shareholder | No. of share | % | |
1 | Lee Hedges & Company Limited | 13,057,600 | 51.0008% |
2 | Pioneer Homes (Private) Limited | 5,243,832 | 20.4815% |
3 | Hatton National Bank PLC/Dawi Investment Trust (Pvt) Ltd | 745,667 | 2.9125% |
4 | Mr. R. Magdon Ismail | 730,000 | 2.8513% |
5 | Mr. D.G. Wijemanna | 570,000 | 2.2263% |
6 | Mr. S.R.S. De Saram | 500,000 | 1.9529% |
7 | Mr. R.P. Weerasooriya | 480,009 | 1.8748% |
8 | Mr. L.G. Byatt (Deceased) | 227,810 | 0.8898% |
9 | Guardian Equity Limited | 200,000 | 0.7812% |
10 | Seylan Bank Plc/Senthilverl Holdings (Pvt) Ltd | 163,404 | 0.6382% |
11 | Mr. R.C.J. Goonewardene | 140,000 | 0.5468% |
12 | Guardian Insurance Brokers (Pvt) Ltd | 137,762 | 0.5381% |
13 | Mrs. T.T.A. De Silva Weerasooria | 101,881 | 0.3979% |
14 | Sandwave Limited | 95,078 | 0.3714% |
15 | Mr. R J Grewar (Deceased) | 79,985 | 0.3124% |
16 | Mrs. P Mansell | 75,935 | 0.2966% |
17 | Mr. R L Vincent | 75,935 | 0.2966% |
18 | Bank of Bermuda Ltd. | 75,935 | 0.2966% |
19 | Mr. P Bois | 75,935 | 0.2966% |
20 | Mr. K.S.N. Hirdaramani | 73,985 | 0.2890% |
Directors as at 30th June 2024
Mr. S. Vamadhevan
Mr. S M N L Senanayake
Dr. D.S.L.P Wijesinghe
Mr. S. S Vamathevan
Mr.Rupert Rajeeve Spencer
Mr.W.M.P. Walisundara
Dr. Veronica Vamathevan