July 30, 2014 3:59 PM ET

Food Products

Company Overview of Maskeliya Plantations PLC

Company Overview

Maskeliya Plantations PLC cultivates, manufactures, and sells primarily black tea in Sri Lanka. It operates and manages 18 estates with an extent of approximately 5,533 hectares of tea, as well as undertakes a project of fruit cultivation in Bandarawela region. The company is also involved in the plantation and cultivation of timber; and the plantation of rubber and cinnamon. Its plantations are located in the planting districts of Bandarawela, Maskeliya, Upcot, and Talawakelle. The company was founded in 1992 and is headquartered 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

13,120 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 Earnings Results for the Full Year Ended March 31, 2014

Maskeliya Plantations PLC reported earnings results for the full year ended March 31, 2014. For the year, the company reported revenue of LKR 3,416,223,000, loss before taxation of LKR 122,700,000 and loss for the year of LKR 92,191,000 or LKR 1.71 per basic share compared to revenue of LKR 3,574,776,000, profit before taxation of LKR 162,276,000 and profit for the year of LKR 151,699,000 or LKR 4.02 per basic share reported in the same period last year. Net cash used in operating activities was LKR 12,215,000 against net cash from operating activities of LKR 23,699,000 and purchase of property, plant and equipment was LKR 10,751,000 against LKR 12,240,000 reported last year. Capital expenditure was at LKR 230,344,000 against LKR 211,352,000 reported last yeat.

Maskeliya Plantations PLC Announces Appointment of Laksman Saman Kumara Hettiarachchi as Director

Maskeliya Plantations PLC announced that Dr. Laksman Saman Kumara Hettiarachchi has been appointed to it's directorate with effect from May 2, 2014.

Maskeliya Plantations PLC Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013

Maskeliya Plantations PLC reported earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported revenues were LKR 902,355,000 against LKR 809,154,000 a year ago. Profit before taxation was LKR 35,390,000 against LKR 70,951,000 a year ago. Net profit for the period was LKR 35,390,000 or LKR 0.66 basic per share against LKR 70,951,000 or LKR 2.11 basic per share a year ago. For the nine-month period, the company reported revenues were LKR 2,497,995,000 against LKR 2,571,847,000 a year ago. Loss before taxation was LKR 170,067,000 against profit of LKR 74,238,000 a year ago. Net loss for the period was LKR 170,067,000 or LKR 3.15 basic per share against profit of LKR 74,238,000 or LKR 2.21 basic per share a year ago. Net cash used in operating activities was LKR 90,787,000 against net cash generated from operating activities of LKR 165,485,000 a year ago. Field development expenditure was LKR 162,091,000 against LKR 148,025,000 a year ago. Purchase of property, plant & equipment was LKR 7,855,000 against LKR 8,796,000 a year ago.

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