Expolanka Holdings

Expolanka Holdings PLC is a diversified conglomerate with interests in logistics, leisure and ventures with a global presence in 20 countries and over 50 cities. As of May 2023 Expolanka holdings PLC is the largest company by market capitalization in the Colombo stock exchange.

Expolanka Holdings PLC
TypePublic
CSE: EXPO.N0000
ISINLK0381N00000
IndustryLogistics
Founded1978 (1978)
Headquarters15A, Clifford Avenue, Colombo 3,
Sri Lanka
Key people
  • Hitoshi Kanahor (Chairman)
  • Hanif Yusoof (Chief Executive Officer)
RevenueIncrease LKR 694.157 billion (2021)[1]
Increase LKR 86.653 billion (2021)[1]
Increase LKR 72.792 billion (2021)[1]
Total assetsIncrease LKR 296.354 billion (2021)[1]
Total equityIncrease LKR 124.353 billion (2021)[1]
OwnerSG Holdings Global (76%)
Hanif Yusoof (8%)
Number of employees
3,202 (2021)[1]
ParentSG Holdings Global[1]
Websitewww.expolanka.com
Footnotes / references
[2]

History

Expolanka Limited was established in 1978 as the Sri Lankan economy was liberalised and is the flagship company of Expolanka Holdings. Initially a pioneer exporter of fresh produce, Expolanka has had sustained growth emerging as a strong group of companies. The group has diversified into exports, imports and trading, freight forwarding & logistics, manufacturing, airline representation & operation, travels & tours and information technology over the years.

New Developments

Having announced on 26 April 2011, its intention to go public with an initial public offering after successful private placement of its shares to broad-base ownership, Expolanka Holdings went ahead with the IPO on 12 May 2011 floating 172,000,000 ordinary voting shares at LKR 14 per share.

Listed on the main board of the Colombo Stock Exchange, Expolanka Holdings PLC ranks among the top five diversified conglomerates in the bourse.[3]

In May 2014, SG Holdings, Japan's second largest logistics firm, acquired a 30% stake in Expolanka Holdings PLC triggering mandatory offer requirements set by Sri Lanka's Securities and Exchange Commission.[4] In June 2014, SG Holdings confirmed that it has secured controlling interest in Expolanka with the acquisition of over 51% of total shares.[5]

Finances
Financial summary[6]
YearRevenue LKR (mns)EBIT LKR (mns)Profit LKR (mns)Current assets LKR (mns)Equity LKR (mns)Earning per share LKR
2021694,15786,77072,792275,172124,35437.24
2020218,73516,89314,88059,54327,3807.61
2019103,246652(438)28,29512,831(0.22)
201895,4553,2631,90928,19615,7880.74
201777,5331,86496123,92914,0280.36
201663,4922,0611,22918,80913,3770.49
201556,0152,1341,44518,08613,1200.57
201452,6521,4541,04817,34811,6180.45
201353,3192,1791,57017,00710,7650.73
201250,0751,8361,27816,86510,2370.54

References
  1. "Expolanka Holdings PLC Annual Report 2021/22 - Magazine - Page 29". Expolanka Holdings PLC Annual Report 2021/22 - Magazine - Page 29. Retrieved 9 May 2023.
  2. "Annual Report 2021/22" (PDF). cse.lk. Expolanka Holdings PLC. Retrieved 27 January 2023.
  3. "CLC beats Expolanka Holdings in market capitalization". The Island. Upali Newspapers. 4 November 2021. Retrieved 5 April 2023.
  4. "Japan Sagawa's deal with Expolanka boosts Lanka's hub aspirations". The Financial Times. Colombo, Sri Lanka. 12 May 2014. Archived from the original on 18 June 2014. Retrieved 16 June 2014.
  5. "Results of the Takeover Bid of Expolanka Holdings PLC". 19 June 2014. Retrieved 3 July 2014.
  6. "Expolanka Holdings PLC Annual Report 2021/22 - Magazine - Page 25". Expolanka Holdings PLC Annual Report 2021/22 - Magazine - Page 25. Retrieved 9 May 2023.
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