April 18, 2014 5:13 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

13,324 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 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.

Maskeliya Plantations plc Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2013

Maskeliya Plantations PLC reported unaudited earnings results for the second quarter and six months ended September 30, 2013. For the quarter, the company reported revenue of LKR 677,580,000, loss before taxation of LKR 120,978,000 and net loss of LKR 120,978,000 or LKR 2.24 per basic share compared to revenue of LKR 875,265,000, profit before taxation of LKR 17,438,000 and net profit of LKR 17,438,000 or LKR 0.63 per basic share reported in the same period last year. For the six months, the company reported revenue of LKR 1,595,640,000, loss before taxation of LKR 205,457,000 and net loss of LKR 205,457,000 or LKR 3.81 per basic share compared to revenue of LKR 1,762,693,000, profit before taxation of LKR 3,287,000 and net profit of LKR 3,287,000 or LKR 0.12 per basic share reported in the same period last year. Net cash used in operating activities was LKR 75,069,000 against net cash from operating activities of LKR 88,623,000 a year ago. Purchase of property, plant & equipment was LKR 6,773,000 against LKR 5,561,000 a year ago.

Maskeliya Plantations PLC Reports Unaudited Earnings Results for the First Quarter Ended June 30, 2013

Maskeliya Plantations PLC reported unaudited earnings results for the first quarter ended June 30, 2013. For the quarter, the company reported revenue of LKR 918,060,000, loss before taxation of LKR 84,479,000 and net loss of LKR 84,479,000 or LKR 1.57 per basic share compared to revenue of LKR 887,428,000, loss before taxation of LKR 14,151,000 and net loss of LKR 14,151,000 or LKR 0.51 per basic share reported in the same period last year. Net cash used in operating activities was LKR 75,854,000 against LKR 88,157,000 a year ago. Purchase of property, plant & equipment was LKR 3,368,000 against LKR 3,025,000 a year ago.

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