February 26, 2017 4:39 AM ET

Food Products

Company Overview of Maskeliya Plantations PLC

Company Overview

Maskeliya Plantations PLC cultivates, manufactures, and sells black tea in Sri Lanka and internationally. It owns a total land base of approximately of 10,560 hectares. The company operates and manages 5 estates each in Upcot and Maskeliya zones, 4 in Talawakelle zone, and 4 estates in Bandarawela zone. It is also involved in the plantation and cultivation of timber. The company was incorporated in 1992 and is based in Maharagama, Sri Lanka. Maskeliya Plantations PLC is a subsidiary of RPC Management Services (Pvt) Ltd.

No. 310, High Level Road

Nawinna

Maharagama,  

Sri Lanka

Founded in 1992

12,454 Employees

Phone:

94 11 431 0500

Fax:

94 11 431 0835

Key Executives for Maskeliya Plantations PLC

Maskeliya Plantations PLC does not have any Key Executives recorded.

Maskeliya Plantations PLC Key Developments

Maskeliya Plantations PLC Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016

Maskeliya Plantations PLC reported unaudited earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported revenue of LKR 819,914,000 against LKR 729,852,000 a year ago. Profit before taxation was LKR 1,354,000 against loss before taxation LKR 81,115,000 a year ago. Net profit for the period was LKR 1,354,000 or LKR 0.03 per share basic against net loss for the period LKR 81,115,000 or LKR 1.50 per share basic a year ago. For the nine months, the company reported revenue of LKR 2,400,712,000 against LKR 2,467,594,000 a year ago. Loss before taxation was LKR 175,961,000 against LKR 334,783,000 a year ago. Net loss for the period was LKR 175,961,000 or LKR 3.26 per share basic against LKR 334,783,000 or LKR 6.21 per share basic a year ago. Net cash from operating activities was LKR 234,436,000 against net cash used in operating activities LKR 93,529,000 a year ago. Purchase of Property, Plant & Equipment was LKR 54,711,000 against LKR 113,525,000 a year ago.

Maskeliya Plantations PLC Appoints Manoj Pathiraja as Chief Executive Officer

Maskeliya Plantations PLC announced that Mr. Manoj Pathiraja has been appointed as chief executive officer of the company with effect from November 21, 2016.

Maskeliya Plantations PLC Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2016

Maskeliya Plantations PLC reported unaudited earnings results for the second quarter and six months ended September 30, 2016. For the quarter, the company reported revenue of LKR 776,777,000 against LKR 815,942,000 a year ago. Loss before taxation was LKR 117,673,000 against LKR 157,596,000 a year ago. Net loss for the period was LKR 117,673,000 or LKR 2.18 per share basic against LKR 157,596,000 or LKR 2.92 per share basic a year ago. For the six months, the company reported revenue of LKR 1,580,798,000 against LKR 1,737,742,000 a year ago. Loss before taxation was LKR 177,315,000 against LKR 253,668,000 a year ago. Net loss for the period was LKR 177,315,000 or LKR 3.29 per share basic against LKR 253,668,000 or LKR 4.70 per share basic a year ago. Net cash from operating activities was LKR 191,671,000 against LKR 56,586,000 a year ago. Purchase of Property, Plant & Equipment was LKR 14,381,000 against LKR 2,651,000 a year ago.

Recent Private Companies Transactions

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