Expolanka Holdings PLC participated at the bell ringing ceremony to celebrate the company’s inclusion in the S&P SL 20 index, as part of the 2019 mid-year index rebalance. The event took place at the CSE Trading Floor in Colombo.
Speaking at the event, Jagath Pathirana, Chief Administrative Officer Expolanka Holdings said that Expolanka started off its operation in Sri Lanka in 1979 and since then the company has extended its portfolio to 20 plus companies, registering a faster growth. The Company was listed on the main board of the Colombo Stock exchange via an initial public offering in 2011.
“We are truly a global Sri Lankan company with presence in 19 countries across four continents. About 90% of the PAT comes from the freight and logistics cluster, contributing immense scope for company to grow beyond Sri Lankan boarders,” Pathirana said.
Speaking further, he said that the main intention of the company was to double the revenues and as well as the bottom-line and the company has managed to achieve these targets successfully in the recent past.
“The Growth has been consistent and our potential has been seen by the investors as well as interested parties,” Pathirana said.
Expolanka currently employs about 2,900 employees, of which it has about 1,000 employees in Sri Lanka .Furthermore, Expolanka is contributing to the economy in a big way, thereby bringing the much needed net foreign earnings to the country.
He further said that the company has embarked on a journey where it will give sustenance to the environment requirements and sustainability.
In order to make a responsible commitment to the well-being of the environment, Expolanka has given prominence to sustainability aspects as far as its business operations are concerned, while adapting to the United Nation’s Sustainable Development Goals (SDG).
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