INTERIM CONDENSED FINANCIAL STATEMENTS
Year Ended 31 March 2025
Corporate Information
Printcare PLC was incorporated as a Private Limited Liability Company on 3rdSeptember 1979 Under the Companies' Ordinance NO. 51 of 1938.
It was converted to a Public Limited Liability Company on 21stOctober 1994.
Company Registration No : PQ 75 Tax payer Identification No : 104059317
BOARD OF DIRECTORS
Abbas Esufally- Chairman
K R Ravindran - Managing Director Ejaz Chatoor
Dayasiri Warnakulasooriya Ms. Anushya Coomaraswamy Vajira Kulatilaka
Krishna Ravindran Steven Mark Enderby Malik J Fernando
Ms. Devika Weerasinghe - Appointed w.e.f. 27.09.2024
REGISTERED OFFICE
77, Nungamugoda Road, Kelaniya.
STOCK EXCHANGE LISTING
Colombo Stock Exchange
AUDITORS
Messrs. Ernst & Young Chartered Accountants
109, Rotunda Towers, Colombo 03.
LAWYERS
D.L. & F De Saram Attorneys-at-Law and Notaries Public
47,Alexandra Place, Colombo 07.
SECRETARIES
Managers & Secretaries (Pvt) Limited 8, Tickell Road, Colombo 08.
BANKERS
National Development Bank PLC Commercial Bank of Ceylon PLC Standard Chartered Bank People's Bank
Nations Trust Bank PLC Bank of Ceylon
Hatton National Bank PLC Union Bank of Colombo PLC Seylan Bank PLC
DFCC Bank PLC
Printcare PLC
Consolidated Income Statement
Group
Note | Year ended | Year ended | Variance | Quarter ended | Quarter ended | Variance | |
31.03.2025 | 31.03.2024 | 31.03.2025 | 31.03.2024 | ||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||
Revenue | 12,264,117 | 12,900,500 | (636,383) | 3,193,067 | 3,261,959 | (68,892) | |
Cost of Sales | (9,899,441) | (10,025,864) | 126,423 | (2,646,985) | (2,470,923) | (176,062) | |
Gross Profit | 2,364,676 | 2,874,636 | (509,960) | 546,082 | 791,035 | (244,954) | |
Other Operating Income | 11 | 453,419 | 152,209 | 301,210 | 99,658 | (124,689) | 224,347 |
Other Operating Expense | (63,727) | (9,925) | (53,803) | (2,692) | (9,455) | 6,763 | |
Distribution Costs | (399,225) | (377,213) | (22,013) | (91,649) | (51,703) | (39,946) | |
Administrative Expenses | (2,405,385) | (1,662,625) | (742,760) | (705,546) | (453,340) | (252,206) | |
Results from Operating Activities | (50,242) | 977,083 | (1,027,325) | (154,147) | 151,849 | (305,996) | |
Finance Income | 82,531 | 24,422 | 58,109 | 14,043 | 10,216 | 3,826 | |
Finance Costs | (686,171) | (465,811) | (220,360) | (199,176) | (109,313) | (89,862) | |
Profit/ (Loss) Before Tax | (653,883) | 535,694 | (1,189,576) | (339,280) | 52,752 | (392,032) | |
Income Tax (Expense)/Reversal | (139,099) | (312,779) | 173,679 | 53,781 | (79,562) | 133,343 | |
Profit/ (Loss) for the Period | (792,982) | 222,915 | (1,015,897) | (285,499) | (26,810) | (258,689) | |
Profit/ (Loss) Attributable to: Equity Holders of the Parent | (475,884) | 246,939 | (722,823) | (158,914) | (42,528) | (116,386) | |
Minority Interests | (317,098) | (24,024) | (293,074) | (126,585) | 15,718 | (142,303) | |
(792,982) | 222,915 | (1,015,897) | (285,499) | (26,810) | (258,689) | ||
Earnings Per Share - Basic | 10 | (5.54) | 2.87 | (1.85) | (0.49) | ||
Dividends Per Share | 1.00 | 4.50 | - | 1.00 | |||
The above figures are provisional and subject to audit. | |||||||
Printcare PLC | |||||||
Consolidated Statement of Comprehensive Income
Group | Note | Year ended | Year ended | Quarter ended | Quarter ended |
31.03.2025 Rs.'000 | 31.03.2024 Rs.'000 | 31.03.2025 Rs.'000 | 31.03.2024 Rs.'000 | ||
Profit/ (Loss) for the Period | (792,982) | 222,915 | (285,499) | (26,810) | |
Other Comprehensive Income | |||||
Gains on Fair Value through Other Comprehensive Income Investments | 1,269 | 592 | 387 | 328 | |
Currency Translation of Foreign Operations | 19,786 | (20,246) | 15,883 | (17,682) | |
Actuarial Gains/(Losses) | (57,600) | 34,018 | (57,600) | 34,018 | |
Revaluation Gain | - | 1,552,137 | - | 1,552,137 | |
Deferred Tax Effect on actuarial gain | 17,173 | (10,226) | 17,173 | (10,226) | |
Deferred Tax Effect on capital gain on Land & Buildings | - | (421,791) | - | (421,791) | |
Other Comprehensive Income for the Year Net of Tax | (812,354) | 1,357,399 | (309,656) | 1,109,974 | |
Total Comprehensive Income Attributable to: Equity Holders of the Parent | (497,156) | 1,358,747 | (185,393) | 1,071,580 | |
Minority Interests | (315,198) | (1,348) | (124,263) | 38,394 | |
(812,354) | 1,357,399 | (309,657) | 1,109,974 | ||
The above figures are provisional and subject to audit. |
Printcare PLC
Statement Of Financial Position
As at 3J March LOSS
ASS£TS
Non-Current Assets
Property, P/ont and Eguipment
intangible Assets
Right of use Asset
Fair va]ue through Oh›er Comprehensive Income Investments Deferred Fax Assets
Current Assets
£fode of d Other Receivobles
Other ToXes Recoverable Other Snort Term Investments Cosh and Bank Balances
Tata/ Asrefs
8,B76,613 6,508,737
7,093 69,866
10S,/85 144,078
4,569 3,300
)45,y02 94,602
2,904,215 3,049,574
4,082,59J 3,468,784
280,205 S93,:I4J
429,424 J,526,S92
1,177,880 778,023
9,506,798 9,598 665
J8,646,S60 26,419,237
Stored Capital | 2Z),B93 | 271,B93 | |
Reserves | 995,899 | 978,349 | |
Bevs/uotion Reserve | 2,622,S39 | 2,67),$39 | |
Retained Earnings | 3,089,240 | 3,642,162 |
Noir value rfiroug/j Olher Comprehensive income Reserves
Non Contfoffiiig Interests
hotel £9uiiy
3,663 2,394
6,983,234 7,566,558
320,254 302,794
7,303,48B 7,B69,J52
hon-Current /io6i/isles
Interest Bearing Loans and Borrowings
leased Lio6i/i/y
Oeferred Tax Liobillties
2,821,576
7S,B15
J, 124,944
1,13O,897
13O,566
1,113,827
Amp/oyee 8enejjt Liadility
Trade and Other Payables Income Tax Payable Other Taxes Payable
interest Bearing Loans and Borrowings Leased liability
381,3d7
4, 403,6B2
2,d44,543 J,7'8J,0O2
275,5J3 275,438
39,788 60,393
4,144,798 3,2JS,574
34,751 30,757
6,939,390 5,863,163
JB,646,S60 16,419,237
Net Asset Value Per Shore {Rs. j
81.23
88.02
The obove j'igures see provisional and sub ject to oud/t.
These Finoociol Stote tests ore in compliance with the Componies Act two. 07 of 2007.
Chief ri •»•i•I ffi‹ r
The of Oicectors is Responsib ie for the preporotion ood preseo n o/these
n nc aI toteineots. Signed for ond on beholJ e rd y,
K.R,Rovindron Director Printcare ptC
26-05-2025
ctor
Statement Of Changes In Equity
Group
Year ended 31 March 2025
Attributable to Equity Holders of the Parent
Stated Capital | Other Reserve | Translation Reserve | Revaluation Reserve | Retained Earnings | through Other Comprehensive Income Reserves | Total | Minority Interests | Total Equity | |
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |
Balance as at 31 March 2023 | 271,893 | 1,001,083 | (2,671) | 1,153,203 | 4,169,152 | 1,802 | 6,594,461 | 240,743 | 6,835,204 |
Profit/ (Loss) for the Year | - | - | - | - | 246,939 | 246,939 | (24,024) | 222,915 | |
Other Comprehensive Income /(Loss) | - | - | (20,246) | 1,518,356 | (386,894) | 592 | 1,111,808 | 22,676 | 1,134,484 |
Dividends Paid | - | - | - | - | (386,850) | - | (386,850) | - | (386,850) |
Transfer to Other Reserves | - | 184 | - | - | (184) | - | - | - | - |
Shares Issued During the Year | - | - | - | - | - | - | - | 63,399 | 63,399 |
Balance as at 31 March 2024 | 271,893 | 1,001,266 | (22,917) | 2,671,559 | 3,642,162 | 2,394 | 7,566,358 | 302,794 | 7,869,152 |
Balance as at 31 March 2024 | 271,893 | 1,001,266 | (22,917) | 2,671,559 | 3,642,162 | 2,394 | 7,566,358 | 302,794 | 7,869,152 |
Share Issued | - | - | - | - | - | - | 332,658 | 332,658 | |
Profit/ (Loss) for the Year | - | - | - | - | (475,884) | (475,884) | (317,098) | (792,982) | |
Other Comprehensive Income | - | - | 17,550 | - | (40,091) | 1,269 | (21,272) | 1,900 | (19,372) |
Transfer to Retained Earnings | - | - | - | (49,020) | 49,020 | - | - | - | - |
Dividends Paid | - | - | - | - | (85,967) | - | (85,967) | - | (85,967) |
Balance as at 31 March 2025 | 271,893 | 1,001,266 | (5,368) | 2,622,539 | 3,089,240 | 3,663 | 6,983,235 | 320,254 | 7,303,489 |
The above figures are provisional and subject to audit. |
Exchange
Fair value
Printcare PLC
Cash flow Statement Year ended 31 March 2025 | Note | Group | |
2025 | 2024 | ||
Rs.'000 | Rs.'000 | ||
Cash Flows From / (Used in) Operating Activities | |||
Profit / (Loss) Before Income Tax Expense | (653,883) | 535,694 | |
Non-Cash Adjustment to Reconcile Profit Before Tax to Net Cash Flows: | |||
Depreciation | 559,450 | 399,504 | |
Amortization of Intangible Assets | 8,837 | 9,996 | |
(Profit) / Loss on Sale of Property, Plant and Equipment | (1,047) | (18,547) | |
Intangible Asset Write - Off | 58,884 | - | |
Amortization of Right to use asset | 38,293 | 33,352 | |
Interest on Lease Liabilty | 13,153 | 9,193 | |
Interest Income on Refundable Deposit | (190) | (98) | |
Finance Costs | 673,018 | 456,619 | |
Finance Income | (82,341) | (24,323) | |
Provision for Employee Benefit Liability | 66,517 | 75,652 | |
Provision/(Reversal) for Slow Moving Stocks | (3,639) | 5,518 | |
Provision/(Reversal) of Impairment of Trade and Other Receivables | 5,510 | 14,155 | |
Unrealised Exchange (Gain)/Loss | (27,622) | (13,792) | |
Operating Profit before Working Capital Changes | 654,941 | 1,482,921 | |
Working Capital Adjustment: | |||
(Increase)/ Decrease In Inventories | 148,998 | 1,200,642 | |
(Increase)/ Decrease In Trade and Other Receivables | (619,126) | (138,131) | |
(Increase)/ Decrease In Prepaymets | 311,935 | (524,624) | |
(Increase)/Decrease In Tax Recoverable/Payable | (469,537) | (29,369) | |
Increase/ (Decrease) In Trade and Other Payables | 663,541 | 13,782 | |
Cash Generated From Operations | 690,753 | 2,005,222 | |
Finance Costs Paid | (646,929) | (443,112) | |
Employee Benefit Plan Costs paid | (74,402) | (26,664) | |
Income Tax Paid | (161,836) | (376,448) | |
Net Cash Flows From/(Used in) Operating Activities | (192,415) | 1,158,998 | |
Cash Flows From Investing Activities | |||
Acquisition of Property, Plant and Equipment | (2,927,325) | (537,796) | |
Proceeds from Sale of Property, Plant and Equipment | 1,047 | 23,430 | |
Acquisition of Intangible Assets | (4,959) | (10,798) | |
Finance Income Received | 82,341 | 24,323 | |
Investment in Other Short Term Investements | 1,097,168 | (1,363,019) | |
Net Cash Flows From/(Used in) Investing Activities | (1,751,729) | (1,863,860) | |
Cash Flows From/(Used in) Financing Activities | |||
Proceeds From Interest Bearing Loans & Borrowings | 19,232,359 | 7,513,848 | |
Repayment of Interest Bearing Loans & Borrowings | (17,113,260) | (6,828,950) | |
Share issue - Minority Interest | 332,658 | 63,399 | |
Lease Liability Paid | (43,909) | (39,598) | |
Lease advance paid | - | (691) | |
Dividend Paid | (85,967) | (386,850) | |
Net Cash Flows Used in Financing Activities | 2,321,882 | 321,159 | |
Net Increase/(Decrease) in Cash and Cash Equivalents | 377,738 | (383,704) | |
Effect of Exchange Rate Changes | 19,786 | (20,246) | |
Cash and Cash Equivalents at the Beginning of the Year | 757,084 | 1,161,034 | |
1,154,609 | 757,085 | ||
Cash and Cash Equivalents in Cash Cash and Cash Equivalents | 1,177,880 | 778,023 | |
Bank Overdrafts | (23,272) | (20,939) | |
Total Cash and Cash Equivalents | 1,154,609 | 757,085 | |
The above figures are provisional and subject to audit. |
Printcare PLC
Income Statement
Company
Year | Year | Quarter | Quarter | |||||||||
Note | ended | ended | Variance | ended | ended | Variance | ||||||
31.03.2025 | 31.03.2024 | 31.03.2025 | 31.03.2024 | |||||||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |||||||
Revenue | 3,849,698 | 3,873,130 | (23,433) | 1,021,166 | 1,012,437 | 8,729 | ||||||
Cost of Sales | (3,237,331) | (3,257,302) | 19,972 | (849,741) | (900,518) | 50,777 | ||||||
Gross Profit | 612,367 | 615,828 | (3,461) | 171,425 | 111,919 | 59,506 | ||||||
Other Operating Income | 97,431 | 79,706 | 17,724 | 26,303 | 4,563 | 21,740 | ||||||
Distribution Costs | (142,920) | (100,870) | (42,050) | (22,389) | (18,593) | (3,796) | ||||||
Administrative Expenses | (414,023) | (330,458) | (83,565) | (106,855) | (89,753) | (17,102) | ||||||
Results from Operating Activities | 152,855 | 264,207 | (111,352) | 68,484 | 8,136 | 60,348 | ||||||
Changes in Fair value of Investment Property | (7,014) | 137,948 | (144,963) | (7,014) | 137,948 | (144,963) | ||||||
Finance Income | 64,390 | 273,604 | (209,214) | 167 | 64,424 | (64,256) | ||||||
Finance Costs | (109,265) | (154,792) | 45,527 | (25,713) | (34,231) | 8,518 | ||||||
Profit/ (Loss) Before Tax | 100,966 | 520,968 | (420,002) | 35,925 | 176,277 | (140,353) | ||||||
Income Tax (Expense)/Reversal | 2,820 | (58,342) | 61,162 | (1,284) | (44,261) | 42,977 | ||||||
Profit/ (Loss) for the Period | 103,786 | 462,625 | (358,839) | 34,640 | 132,016 | (97,376) | ||||||
Earnings Per Share - Basic | 10 | 1.21 | 5.38 | 0.40 | 1.54 | |||||||
Dividends Per Share | 1.00 | 4.50 | - | 1.00 | ||||||||
The above figures are provisional and subject to audit. | ||||||||||||
Printcare PLC
Statement of Comprehensive Income
Company | Note | Year ended 31.03.2025 | Year ended 31.03.2024 | Quarter ended 31.03.2025 | Quarter ended 31.03.2024 | |||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |||||
Profit/ (Loss) for the Period | 103,786 | 462,625 | 34,640 | 132,016 | ||||
Other Comprehensive Income | ||||||||
Gains on Fair Value through Other Comprehensive Income Investments | 158 | 164 | (82) | (53) | ||||
Actuarial Gains/(Losses) | (44,219) | 35,676 | (44,219) | 35,676 | ||||
Revaluation Gain | - | 405,907 | - | 405,907 | ||||
Deferred Tax Effect on actuarial gain | 13,266 | (10,703) | 13,266 | (10,703) | ||||
Deferred Tax Effect on capital gain on land | - | (121,772) | - | (121,772) | ||||
Profit/ (Loss) for the Period | 72,990 | 771,897 | 3,605 | 441,072 | ||||
The above figures are provisional and subject to audit.
Printcare PLC
Statement Of Financial Position As at 31 March 2025 | ||
Company | ||
31.03.2025 | 31.03.2024 | |
Rs.'000 | Rs.'000 | |
ASSETS | ||
Non-Current Assets | ||
Property, Plant and Equipment | 1,809,324 | 1,789,229 |
Intangible Assets | 5,841 | 6,905 |
Investment Property | 168,337 | 175,352 |
Investment in Subsidiaries | 413,957 | 344,807 |
Fair value through Other Comprehensive Income Investments | 1,209 | 1,051 |
2,398,669 | 2,317,344 | |
Current Assets | ||
Inventories | 950,827 | 958,397 |
Trade and Other Receivables | 950,052 | 991,409 |
Prepayments | 15,311 | 49,993 |
Other Taxes Recoverable | 21,107 | 9,560 |
Cash and Bank Balances | 133,024 | 65,904 |
2,070,321 | 2,075,262 | |
Total Assets | 4,468,990 | 4,392,606 |
EQUITY AND LIABILITIES | ||
Equity | ||
Stated Capital 12 | 271,893 | 271,893 |
Reserves | 409,271 | 409,271 |
Revaluation Reserve | 881,067 | 895,405 |
Retained Earnings | 604,847 | 603,643 |
Fair value through Other Comprehensive Income Reserves | 681 | 523 |
Total Equity | 2,167,759 | 2,180,735 |
Non-Current Liabilities | ||
Interest Bearing Loans and Borrowings | 143,327 | 298,048 |
Deferred Tax Liabilities | 434,222 | 461,644 |
Employee Benefit Liabilities | 180,281 | 137,818 |
757,830 | 897,511 | |
Current Liabilities | ||
Trade and Other Payables | 440,570 | 401,938 |
Income Tax Payable | 31,041 | 38,639 |
Other Taxes Payable | 5,006 | 3,895 |
Interest Bearing Loans and Borrowings | 1,066,784 | 869,888 |
1,543,401 | 1,314,360 | |
Total Equity and Liabilities | 4,468,990 | 4,392,606 |
Net Asset Value Per Share (Rs.) 14 | 25.22 | 25.37 |
The above figures are provisional and subject to audit. | ||
26-05-2025
Printcare PLC
Statement Of Changes In Equity Year ended 31 March 2025
Company
Stated Capital | Other Reserve | Retained Earnings | Revaluation Reserve | Fair value through Other Comprehensive | Total | |
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |
Balance as at 31 March 2023 | 271,893 | 409,271 | 624,667 | 489,498 | 359 | 1,795,688 |
Profit/ (loss) for the Year | - | - | 462,625 | - | - | 462,625 |
Other Comprehensive Income | - | - | (96,799) | 405,907 | 163 | 309,271 |
Dividends Paid | - | - | (386,850) | - | - | (386,850) |
Balance as at 31 March 2024 | 271,893 | 409,271 | 603,643 | 895,405 | 523 | 2,180,735 |
Balance as at 31 March 2024 | 271,893 | 409,271 | 603,643 | 895,405 | 523 | 2,180,735 |
Profit for the Year | - | - | 103,786 | - | - | 103,786 |
Other Comprehensive Income | - | - | (30,953) | - | 158 | (30,796) |
Transfer to Retained Earnings | - | - | 14,338 | (14,338) | - | - |
Dividends Paid | - | - | (85,967) | - | - | (85,967) |
Balance as at 31 March 2025 | 271,893 | 409,271 | 604,847 | 881,067 | 681 | 2,167,759 |
The above figures are provisional and subject to audit.
Printcare PLC
Cashflow Statement Year ended 31 March 2025 | Company | |
2025 | 2024 | |
Rs.'000 | Rs.'000 | |
Cash Flows From / (Used in) Operating Activities | ||
Profit Before Income Tax Expense | 100,966 | 520,968 |
Non-Cash Adjustment to Reconcile Profit Before Tax to Net Cash Flows: | ||
Depreciation | 103,132 | 69,602 |
Amortization of Intangible Assets | 2,244 | 1,454 |
Amortization of Investment Property | - | 2,883 |
(Profit) / Loss on Sale of Property, Plant and Equipment | (4) | (13,802) |
Finance Costs | 109,265 | 154,792 |
Finance Income | (64,390) | (273,604) |
Provision for Employee Benefit Liability | 30,493 | 37,454 |
Provision/(Reversal) for Slow Moving Stocks | (12,747) | (3,803) |
Provision/(Reversal) of bad debts | 3,157 | 1,715 |
Fair value gain on Investment Property | 7,014 | (137,948) |
Unrealised Exchange (Gain)/ Loss | (1,294) | (18,586) |
Operating Profit before Working Capital Changes | 277,836 | 341,123 |
Working Capital Adjustment: | ||
(Increase)/ Decrease in Inventories | 20,316 | 443,303 |
(Increase)/ Decrease in Trade and Other Receivables | 38,200 | (144,997) |
(Increase)/ Decrease in Prepayments | 34,682 | (33,963) |
(Increase)/Decrease in Tax Recoverable | (10,436) | 3,461 |
Increase/ (Decrease) in Trade and Other Payables | 38,632 | (150,011) |
Cash Generated From Operations | 399,230 | 458,916 |
Finance Costs Paid | (109,504) | (149,350) |
Employee Benefit Plan Costs paid | (32,249) | (17,459) |
Income Tax Paid | (18,935) | (51,924) |
Net Cash Flows From/(Used in) Operating Activities | 238,542 | 240,183 |
Cash Flows From Investing Activities | ||
Acquisition of Property, Plant and Equipment | (123,227) | (121,057) |
Proceeds from sale of Property, Plant and Equipment | 4 | 13,802 |
Acquisition of Intangible Assets | (1,180) | (2,800) |
Acquisition Investments Property | - | (225) |
Finance Income Received | 64,390 | 273,604 |
Investment in Subsidiaries | (69,150) | (64,000) |
Loans given to intercompanies | - | - |
Net Cash Flows From/(Used in) Investing Activities | (129,163) | 99,325 |
Cash Flows From/(Used in) Financing Activities | ||
Proceeds from Interest Bearing Loans & Borrowings | 4,311,595 | 4,260,804 |
Repayment Of Interest Bearing Loans & Borrowings | (4,272,013) | (4,304,806) |
Ordinary Dividend Paid | (85,967) | (386,850) |
Net Cash Flows Used in Financing Activities | (46,386) | (430,851) |
Net Increase/(Decrease) in Cash and Cash Equivalents | 62,994 | (91,343) |
Cash and Cash Equivalents at the Beginning of the Year | 65,136 | 156,479 |
Cash and Cash Equivalents at the End of the Period | 128,130 | 65,135 |
Cash and Cash Equivalents in Cash Cash and Cash Equivalents | 133,024 | 65,904 |
Bank Overdrafts | (4,894) | (769) |
Total Cash and Cash Equivalents | 128,130 | 65,135 |
The above figures are provisional and subject to audit. |
Printcare PLC
Segment Information Year ended 31 March 2025
Industry Segment | Printing | Packaging | Group | |||||
2025 | 2024 | 2025 | 2024 | 2025 | 2024 | |||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |||
Revenue | ||||||||
Direct Exports | 883,651 | 1,262,679 | 1,131,010 | 1,545,701 | 2,014,661 | 2,808,380 | ||
Indirect Exports | 2,638,068 | 2,428,900 | 3,269,685 | 2,933,905 | 5,907,753 | 5,362,805 | ||
Local Sales | 2,472,712 | 2,640,199 | 1,868,992 | 2,089,117 | 4,341,703 | 4,729,315 | ||
Total Revenue | 5,994,430 | 6,331,777 | 6,269,687 | 6,568,723 | 12,264,117 | 12,900,500 | ||
Profit Before tax | (190,918) | 123,815 | (462,965) | 411,879 | (653,883) | 535,694 | ||
Segment Profit attributable to Equity Holders of the Parent | (181,316) | (53,872) | (294,568) | 300,811 | (475,884) | 246,939 | ||
Segment Assets | 6,808,589 | 6,723,120 | 11,837,971 | 9,696,116 | 18,646,560 | 16,419,237 | ||
Segment Liabilities | 4,260,588 | 3,829,334 | 7,082,484 | 4,720,750 | 11,343,071 | 8,550,084 | ||
Segment Property, Plant, Equipment and Intangible Assets acquired | 627,726 | 183,206 | 2,304,556 | 365,388 | 2,932,282 | 548,594 | ||
Segment Depreciation & Amortisation | 271,804 | 216,197 | 296,483 | 193,302 | 568,286 | 409,499 | ||
The above figures are provisional and subject to audit.
Printcare PLC
Notes to the Financial Statements Year Ended 31 March 2025Market Price Per Share 2025 2024
Date Rs.
Date
Rs.
Market Price - Highest (Quarterly)
13.02.2025
69.00
25.03.2024
48.40
Market Price - Lowest (Quarterly)
02.01.2025
43.50
15.02.2024
41.00
Market Price - Highest (Yearly)
13.02.2025
69.00
17.07.2023
57.00
Market Price - Lowest (Yearly)
26.11.2024
39.50
27.04.2023
40.00
Market Price - Last Traded
28.03.2025
58.10
28.03.2024
45.00
The interim condensed consolidated financial statements for the year ended 31 March 2025 have been prepared in accordance with LKAS 34 Interim Financial Reporting. The Financial Statements of the Company and of the Group have been prepared based on the same accounting policies and methods applied for the year ended 31st March 2024. The new and amended standards and interpretations that are effective for the Annual reporting periods beginning on or after 01 January 2024, if applicable, will be adopted from 2024/25.
There are no changes whatsoever to the adopted policies stated in the annual report for the year ended 31st March 2024.
The presentation and classification of figures for the corresponding period for the previous year have been amended, where relevant to be comparable with those for the current year.
All values included in these Financial Statements are in Rs. '000s unless otherwise stated.
The Figures appearing in the Interim Financial Statements are provisional and subject to audit.
There have been no material events after the balance sheet date that require adjustments to or disclosure in the Financial Statements.
There has not been a significant change in the nature of contingent liabilities which were disclosed in the Annual Report for the year ended 31st March 2024.
The Interim Condensed Financial Statements of Printcare PLC for Year ended 31st March 2025 were authorised for issue in accordance with a resolution of the Board of Directors on 26th May 2025.
Printcare PLC
Notes to the Financial Statements Year Ended 31 March 2025
Earnings Per Share
Basic/Diluted Earnings Per Share is calculated by dividing the net profit/(loss) for the period attributable to the ordinary shareholders of the parent company by the weighted average number of ordinary shares outstanding during the period.
The following reflects the income and share data used in the Earnings Per Share computations
The Group | Year | Year | |
Ended 31.03.2025 | Ended 31.03.2024 | ||
Amount used as the numerator (Rs. '000) : | |||
Net profit attributable to Ordinary Equity Holders of | |||
the Parent for Basic Earnings | (475,884) | 246,939 | |
Number of Ordinary Shares used as the Denominator (Nos. '000) : | |||
Weighted Average Number of Ordinary Shares at the beginning of the period | 85,967 | 85,967 | |
Earnings Per share - Basic | (5.54) | 2.87 | |
The Company | |||
Amount used as the numerator (Rs. '000) : | |||
Net profit attributable to Ordinary Shareholders | 103,786 | 462,625 | |
Number of Ordinary Shares used as the Denominator (Nos. '000) : | |||
Weighted Average Number of Ordinary Shares | |||
at the beginning of the period | 85,967 | 85,967 | |
Earnings Per share - Basic | 1.21 | 5.38 |
There have been no other transactions involving ordinary shares or potential ordinary shares between the reporting date and the date of authorisation of these financial statements.
Other Operating Income
Other income of the Group during the period under review includes Insurance claim received amounting to Rs. 250 Mn relevant to the fire damage at Printcare Premedia Services Ltd, which partially owned by Minority Shareholders.
Stated Capital Year Ended
31.03.2025
Year Ended 31.03.2024
Group/ Company 85,967 85,967
Printcare PLC
Notes to the Financial Statements Year Ended 31 March 2025
Fair value measurement and related fair value disclosures
The fair value of all the financial assets and financial liabilities recognised during the period were not materially different from the transaction prices at the date of initial recognition. There were no transfers between Level 1 and Level 2 and no transfers into or out of Level 3 categories as per the fair value hierarchy, during the period.
Net Asset Value per Share
The following reflects the Net Asset and share data used in the Net Asset value Per Share computations
The Group | |||
As at 31.03.2025 | As at 31.03.2024 | ||
Amount used as the numerator (Rs. '000) : | |||
Net Asset Value | 6,983,234 | 7,566,358 | |
Number of Ordinary Shares used as the Denominator (Nos. '000) : | |||
Weighted Average Number of Ordinary Shares at the beginning of the period | 85,967 | 85,967 | |
Net Asset Value per Share | 81.23 | 88.02 | |
The Company | |||
Amount used as the numerator (Rs. '000) : | |||
Net Asset Value | 2,167,759 | 2,180,735 | |
Number of Ordinary Shares used as the Denominator (Nos. '000) : | |||
Weighted Average Number of Ordinary Shares at the beginning of the period | 85,967 | 85,967 | |
Net Asset Value per Share | 25.22 | 25.37 | |
Printcare PLC
Information to Shareholders and Investors Directors' Shareholding as at 31 March 2025Director Shares
Mr. K. R. Ravindran 17,321,690
Mr. A. N. Esufally -
Mr. E. Chatoor 3,500,000
Mr. D. Warnakulasooriya 1,167,260
Miss. A. Coomaraswamy -
Mr. Vajira Kulatilaka -
Mr. Krishna R. Ravindran 6,032,000
Mr. Steven Mark Enderby -
Mr. Malik J. Fernando -
Ms. Devika Weerasinghe -
Top 20 Shareholders as at 31 March 2025Shares | Percentage | ||
1 M J F Holdings Ltd | 23,100,080 | 26.87 | |
2 Mr. K. R. Ravindran | 17,321,690 | 20.15 | |
3 Finco Holdings (Pvt) Ltd | 6,071,976 | 7.06 | |
4 Mr. Krishna R. Ravindran | 6,032,000 | 7.02 | |
5 Mr. A. N. Esufally , Mr. A Esufally, Ms. Z. Esufally | 4,675,830 | 5.44 | |
6 Mr. S. Nadesan | 3,600,000 | 4.19 | |
7 Mr. E. Chatoor | 3,500,000 | 4.07 | |
8 M J F Exports Ltd | 2,615,160 | 3.04 | |
9 Saboor Chatoor (Pvt) Ltd | 2,156,000 | 2.51 | |
10 Mr. M. F. Hashim | 1,799,595 | 2.09 | |
11 Mr. D. Warnakulasooriya | 1,167,260 | 1.36 | |
12 Mr. D. G. Wijemanna | 1,045,900 | 1.22 | |
13 Mr. M. G. Jayawardena | 1,010,500 | 1.18 | |
14 Mr. C. D. De Silva | 822,134 | 0.96 | |
15 Ms. P. Ravindran | 808,000 | 0.94 | |
16 Lloyd and Lloyd Ltd | 630,303 | 0.73 | |
17 Ms. T. T. A. Weerasooriya | 467,548 | 0.54 | |
18 Mr. J. W. Burton | 417,200 | 0.49 | |
19 Mr. S. C. Weerasooriya | 400,000 | 0.47 | |
20 Mr. K.S.R Nissanka | 350,000 | 0.41 | |
77,991,176 | 90.73 |
Minimum Public Holding Requirement as per Listing Rules 7.13.1
Number of Public Shareholders as at 31 March 2025 1886
Percentage of Shares held by Public as at 31 March 2025 35.05%
Float Adjusted Market Capitalization Rs. 1.7 Bn
Compliant under option 5
Printcare PLC