New Risk • Apr 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 193% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 39% per year over the past 5 years. Revenue is less than US$1m (LK₨71m revenue, or US$225k). Market cap is less than US$10m (LK₨1.50b market cap, or US$4.76m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (14% net profit margin). Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: LK₨0.005 (vs LK₨0.002 in 2Q 2025) Second quarter 2026 results: EPS: LK₨0.005 (up from LK₨0.002 in 2Q 2025). Revenue: LK₨12.5m (up 11% from 2Q 2025). Net income: LK₨18.9m (up 273% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. New Risk • Jul 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 44% Last year net profit margin: 65% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (46% average weekly change). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m (LK₨63m revenue, or US$209k). Market cap is less than US$10m (LK₨1.50b market cap, or US$4.98m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (44% net profit margin). Reported Earnings • Jul 08
Full year 2025 earnings released: EPS: LK₨0.007 (vs LK₨0.005 in FY 2024) Full year 2025 results: EPS: LK₨0.007 (up from LK₨0.005 in FY 2024). Revenue: LK₨62.9m (up 115% from FY 2024). Net income: LK₨27.9m (up 47% from FY 2024). Profit margin: 44% (down from 65% in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Announcement • Jul 06
Industrial Asphalts (Ceylon) PLC, Annual General Meeting, Jul 31, 2025 Industrial Asphalts (Ceylon) PLC, Annual General Meeting, Jul 31, 2025, at 15:00 Sri Lanka Standard Time. Reported Earnings • May 09
Full year 2025 earnings released: EPS: LK₨0.005 (vs LK₨0.005 in FY 2024) Full year 2025 results: EPS: LK₨0.005 (in line with FY 2024). Revenue: LK₨44.7m (up 53% from FY 2024). Net income: LK₨20.2m (up 7.1% from FY 2024). Profit margin: 45% (down from 65% in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Reported Earnings • Jan 30
Third quarter 2025 earnings released: EPS: LK₨0.006 (vs LK₨0.006 loss in 3Q 2024) Third quarter 2025 results: EPS: LK₨0.006 (up from LK₨0.006 loss in 3Q 2024). Net income: LK₨22.3m (up LK₨44.6m from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Dec 27
Board Member recently bought LK₨400k worth of stock On the 23rd of December, Sivanandan Marimuthu bought around 1m shares on-market at roughly LK₨0.40 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought LK₨458k more in shares than they have sold in the last 12 months. New Risk • Nov 08
New major risk - Revenue and earnings growth Earnings have declined by 8.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (43% average weekly change). Earnings have declined by 8.7% per year over the past 5 years. Revenue is less than US$1m (LK₨29m revenue, or US$100k). Market cap is less than US$10m (LK₨1.12b market cap, or US$3.84m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (41% net profit margin). Recent Insider Transactions • Oct 15
Board Member recently bought LK₨58k worth of stock On the 7th of October, Sivanandan Marimuthu bought around 194k shares on-market at roughly LK₨0.30 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Non-Executive Independent Director Rajeepan Raguneethan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 11
Industrial Asphalts (Ceylon) PLC Announces Re-Designation of Nanda Kumara Dahanayake from Non-Executive Independent Director to Non-Executive Director Industrial Asphalts (Ceylon) PLC announced that Mr. Nanda Kumara Dahanayake who was a Non-Executive Independent Director of the company has been re-designated as a Non- Executive Director with effect from 6th September 2024, due to the age criteria determining the independence of a Director introduced in the new listing rules. The said change in the nature of Directorship was approved by the Board on 6th September 2024. New Risk • Aug 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 57% Last year net profit margin: 273% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (48% average weekly change). Revenue is less than US$1m (LK₨29m revenue, or US$96k). Market cap is less than US$10m (LK₨1.12b market cap, or US$3.77m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (57% net profit margin). New Risk • Aug 15
New major risk - Revenue and earnings growth Earnings have declined by 1.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (47% average weekly change). Earnings have declined by 1.5% per year over the past 5 years. Revenue is less than US$1m (LK₨29m revenue, or US$96k). Market cap is less than US$10m (LK₨1.50b market cap, or US$5.02m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 05
Full year 2024 earnings released: EPS: LK₨0.005 (vs LK₨0.039 in FY 2023) Full year 2024 results: EPS: LK₨0.005 (down from LK₨0.039 in FY 2023). Revenue: LK₨29.3m (down 47% from FY 2023). Net income: LK₨18.9m (down 87% from FY 2023). Profit margin: 65% (down from 269% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Aug 01
Industrial Asphalts (Ceylon) PLC, Annual General Meeting, Aug 22, 2024 Industrial Asphalts (Ceylon) PLC, Annual General Meeting, Aug 22, 2024, at 15:00 Sri Lanka Standard Time. Location: auditorium of the national olympic committee of, sri lanka olympic house, no.100/9f, independence avenue, colombo 07, Sri Lanka Reported Earnings • May 21
Full year 2024 earnings released: EPS: LK₨0.005 (vs LK₨0.039 in FY 2023) Full year 2024 results: EPS: LK₨0.005 (down from LK₨0.039 in FY 2023). Revenue: LK₨43.1m (down 22% from FY 2023). Net income: LK₨18.6m (down 87% from FY 2023). Profit margin: 43% (down from 269% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 01
Third quarter 2024 earnings released: LK₨0.006 loss per share (vs LK₨0.007 loss in 3Q 2023) Third quarter 2024 results: LK₨0.006 loss per share (improved from LK₨0.007 loss in 3Q 2023). Net loss: LK₨22.3m (loss narrowed 15% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: LK₨0.003 (vs LK₨0.018 in 2Q 2023) Second quarter 2024 results: EPS: LK₨0.003 (down from LK₨0.018 in 2Q 2023). Net income: LK₨9.59m (down 85% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Buying Opportunity • Oct 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be LK₨0.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 69% over the last 3 years. Earnings per share has declined by 11%. Buying Opportunity • Oct 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 50%. The fair value is estimated to be LK₨0.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 69% over the last 3 years. Earnings per share has declined by 11%. Announcement • Aug 08
Industrial Asphalts (Ceylon) PLC, Annual General Meeting, Sep 06, 2023 Industrial Asphalts (Ceylon) PLC, Annual General Meeting, Sep 06, 2023, at 15:00 Sri Lanka Standard Time. Location: Auditorium of Siam City Cement (Lanka) Limited - Peliyagoda Plant, No.28/1, New Nuge Road Peliyagoda Sri Lanka Agenda: To consider and receive the Report of the Board of Directors and the Audited Financial Statements of the Company for the year ended 31st March 2023 together with the Report of the Auditors' thereon; to consider and re-elect Mr. S. Marimuthu who retires in terms of Article 90 of the Articles of Association of the Company and offers himself for re-election as a Director; to consider and re-appointment of Mr. N.K Dahanayake in terms of Section 211 of the Companies Act No. 07 of 2007; to consider and re-appoint Messrs A.I. Macan Markar & Co., Chartered Accountants, as Auditors of the Company for the upcoming year and authorize the Directors to determine their remuneration; and to consider other business matters. Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: LK₨0.001 (vs LK₨0.003 in 1Q 2023) First quarter 2024 results: EPS: LK₨0.001 (down from LK₨0.003 in 1Q 2023). Revenue: LK₨11.2m (down 26% from 1Q 2023). Net income: LK₨3.67m (down 68% from 1Q 2023). Profit margin: 33% (down from 77% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 11
Non-Executive Independent Director recently bought LK₨166k worth of stock On the 8th of June, Sivanandan Marimuthu bought around 550k shares on-market at roughly LK₨0.30 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth LK₨180k. Insiders have collectively bought LK₨345k more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 31
Non-Executive Independent Director recently bought LK₨180k worth of stock On the 25th of May, Sivanandan Marimuthu bought around 600k shares on-market at roughly LK₨0.30 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • May 15
Full year 2023 earnings released: EPS: LK₨0.007 (vs LK₨0.063 in FY 2022) Full year 2023 results: EPS: LK₨0.007 (down from LK₨0.063 in FY 2022). Revenue: LK₨55.0m (up 56% from FY 2022). Net income: LK₨25.2m (down 89% from FY 2022). Profit margin: 46% (down from 665% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings. Buying Opportunity • Apr 19
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be LK₨0.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 97% over the last 3 years. Earnings per share has grown by 20%. Buying Opportunity • Mar 22
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be LK₨0.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 97% over the last 3 years. Earnings per share has grown by 20%. Buying Opportunity • Mar 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be LK₨0.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 97% over the last 3 years. Earnings per share has grown by 20%. Buying Opportunity • Feb 13
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be LK₨0.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 97% over the last 3 years. Earnings per share has grown by 20%. Reported Earnings • Jan 28
Third quarter 2023 earnings released: LK₨0.007 loss per share (vs LK₨0.001 profit in 3Q 2022) Third quarter 2023 results: LK₨0.007 loss per share (down from LK₨0.001 profit in 3Q 2022). Net loss: LK₨26.2m (down LK₨30.8m from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Executive Director Govindaswamy Ramanan is the most experienced director on the board, commencing their role in 2014. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: LK₨0.017 (vs LK₨0.001 in 2Q 2022) Second quarter 2023 results: EPS: LK₨0.017 (up from LK₨0.001 in 2Q 2022). Net income: LK₨62.4m (up LK₨57.3m from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Sep 06
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Executive Director Govindaswamy Ramanan is the most experienced director on the board, commencing their role in 2014. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 31
Industrial Asphalts (Ceylon) PLC, Annual General Meeting, Oct 05, 2022 Industrial Asphalts (Ceylon) PLC, Annual General Meeting, Oct 05, 2022, at 15:00 Sri Lanka Standard Time. Agenda: To consider the Report of the Board of Directors and the Audited Financial Statements of the Company for the year ended 31 March 2022 together with the Report of the Auditors' thereon; to re-elect Mr. N. K. Dahanayake who retires in terms of Article 90 of the Articles of Association of the Company and offers himself for re-election as a Director; to re-appoint Messrs A.I. Macan Markar & Co., Chartered Accountants, as Auditors of the Company for the ensuing year and authorize the Directors to determine their remuneration and to authorize the Directors to determine and make donations. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: LK₨0.003 (vs LK₨0.001 in 1Q 2022) First quarter 2023 results: EPS: LK₨0.003 (up from LK₨0.001 in 1Q 2022). Net income: LK₨11.6m (up 454% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 01
Full year 2022 earnings released: EPS: LK₨0.062 (vs LK₨0.034 in FY 2021) Full year 2022 results: EPS: LK₨0.062 (up from LK₨0.034 in FY 2021). Net income: LK₨232.1m (up 98% from FY 2021). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: LK₨0.001 (down from LK₨0.004 in 3Q 2021). Net income: LK₨4.55m (down 68% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 94% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jan 08
Non-Executive Independent Director recently bought LK₨521k worth of stock On the 4th of January, Sivanandan Marimuthu bought around 635k shares on-market at roughly LK₨0.82 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold LK₨262m more in shares than they bought in the last 12 months. Reported Earnings • Nov 05
Second quarter 2022 earnings released: EPS LK₨0.001 (vs LK₨0.001 in 2Q 2021) Second quarter 2022 results: Net income: LK₨5.15m (up 30% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 69% per year, which means it is well ahead of earnings. Board Change • Sep 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Executive Independent Director Nanda Dahanayake was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Executive Independent Director Nanda Dahanayake was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 12
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Executive Independent Director Nanda Dahanayake was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 08
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Executive Independent Director Nanda Dahanayake was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 03
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Executive Independent Director Nanda Dahanayake was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Aug 28
Non-Executive Independent Director Duleep Daluwatte has left the company On the 23rd of August, Duleep Daluwatte's tenure as Non-Executive Independent Director ended after 2.9 years in the role. We don't have any record of a personal shareholding under Duleep's name. Duleep is the only executive to leave the company over the last 12 months. Board Change • Aug 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Executive Independent Director Nanda Dahanayake was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 02
First quarter 2022 earnings released First quarter 2022 results: Net income: LK₨2.09m (down 21% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 87% per year, which means it is well ahead of earnings. Recent Insider Transactions • Feb 04
Executive Director recently sold LK₨106m worth of stock On the 1st of February, Govindaswamy Ramanan sold around 76m shares on-market at roughly LK₨1.40 per share. In the last 3 months, they made an even bigger sale worth LK₨156m. Insiders have been net sellers, collectively disposing of LK₨306m more than they bought in the last 12 months. Is New 90 Day High Low • Jan 07
New 90-day high: LK₨0.40 The company is up 33% from its price of LK₨0.30 on 09 October 2020. The Sri Lankan market is up 23% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 60% over the same period. Announcement • Dec 19
Industrial Asphalts (Ceylon) PLC, Annual General Meeting, Jan 18, 2021 Industrial Asphalts (Ceylon) PLC, Annual General Meeting, Jan 18, 2021, at 10:30 Sri Lanka Standard Time. Agenda: To receive the report of the board of directors and the audited financial statements of the company for the year ended 31 March 2020 together with the report of the auditors' thereon; to re-elect Mr. D. Daluwatte who retires in terms of Article 90 of the Articles of Association of the company and offers himself for re-election as a Director; to re-appoint Messrs A.I. Macan Markar & Co. as Auditors of the company for the ensuing year and authorize the Directors to determine their remuneration; and to authorize the Directors to determine and make donations. Reported Earnings • Nov 17
Second quarter 2021 earnings released: EPS LK₨0.001 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: LK₨21.8m (down 83% from 2Q 2020). Net income: LK₨3.96m (up 45% from 2Q 2020). Profit margin: 18% (up from 2.2% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 69% per year, which means it is well ahead of earnings. Recent Insider Transactions • Oct 02
MD, CEO & Director recently sold LK₨43m worth of stock On the 24th of September, K. Naveenkanth sold around 142m shares on-market at roughly LK₨0.30 per share. This was the largest sale by an insider in the last 3 months. This was K.'s only on-market trade for the last 12 months. Reported Earnings • Sep 21
First quarter earnings released Over the last 12 months the company has reported total profits of LK₨180.6m, with earnings increasing by LK₨171.7m from the prior year. Total revenue was LK₨310.4m over the last 12 months, up 19% from the prior year. Announcement • Sep 03
Industrial Asphalts (Ceylon) PLC has completed a Follow-on Equity Offering in the amount of LKR 149.97645 million. Industrial Asphalts (Ceylon) PLC has completed a Follow-on Equity Offering in the amount of LKR 149.97645 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 749,882,250
Price\Range: LKR 0.2
Transaction Features: Rights Offering 
