Distilleries Company of Sri Lanka Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Harry Jayawardena

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	1.7yrs
CEO ownership	n/a
Management average tenure	1.7yrs
Board average tenure	15.4yrs

Recent management updates

Recent updates

CEO

Harry Jayawardena (79 yo)

1.7yrs

Tenure

Mr. Deshamanya Don Harold Stassen Jayawardena, also known as Harry, serves as an Executive Chairman at Lanka Milk Foods (CWE) PLC. He has been the Chairman of Distilleries Company of Sri Lanka PLC and DCSL...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Deshamanya Don Harold Jayawardena	Chairman & MD	1.7yrs	no data	no data
Kolitha Kahanda	Joint Managing Director & Executive Director	1.7yrs	no data	no data
Nimal Nagahawatte	Head of Finance	no data	no data	no data
Mano Perera	Head of Operations	no data	no data	no data
Prasanna Karunanayake	Group Chief Information Officer	no data	no data	no data
Vijayanthimala Senaratne	Chief Legal Officer & Company Secretary	31.3yrs	no data	no data
Upali Vithanage	Deputy Director of Compliance	no data	no data	no data
Gayathri Chakravarthy	Head of Human Resources	no data	no data	no data
S. Rajanathan	Head of Procurement	no data	no data	no data
Roshanth Perera	Head of Transport & Logistics	no data	no data	no data
Cedric Jansz	Executive Director	no data	no data	no data
Lalith Ratnayake	Head of Inventory Control	no data	no data	no data

1.7yrs

Average Tenure

Experienced Management: DIST.N0000's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Deshamanya Don Harold Jayawardena	Chairman & MD	18.3yrs	no data	no data
Kolitha Kahanda	Joint Managing Director & Executive Director	17.4yrs	no data	no data
Cedric Jansz	Executive Director	31.3yrs	no data	no data
Mellawatantrige Anton Niroshan Perera	Chief Engineer of Northern Region - Seeduwa & Executive Director	1.3yrs	no data	no data
D. M. Nishaman Karunapala	Chief Executive Officer of Melsta Regal Finance Ltd. and Director of Melsta Regal Finance Ltd.	12yrs	no data	no data
Anthony Nelson Balasuriya	Independent Non-Executive Director	15.4yrs	no data	no data
Niranjan De Silva Deva Aditya	Independent Non-Executive Director	20.3yrs	no data	no data
Don Hasitha Jayawardena	Non-Independent Non-Executive Director	9.5yrs	no data	0.049% LKR 64.0m
D. Stasshani Jayawardena	Director	1.7yrs	no data	0.00025% LKR 330.1k

15.4yrs

Average Tenure

72.5yo

Average Age

Experienced Board: DIST.N0000's board of directors are seasoned and experienced ( 15.4 years average tenure).

Distilleries Company of Sri Lanka Management

Management criteria checks 1/4

Key information

Recent management updates

Distilleries Company of Sri Lanka PLC, Annual General Meeting, Sep 22, 2023

Less than half of directors are independent

Distilleries Company of Sri Lanka plc Announces Demise of Mr. Rarfeevan Seevaraham, Independent Non-Executive Director

Insufficient new directors

Distilleries Company of Sri Lanka PLC Appoints Kolitha Kahanda as the Joint Managing Director

Distilleries Company of Sri Lanka PLC Announces Board Changes

Recent updates

Upcoming dividend of LK₨0.70 per share

Third quarter 2024 earnings released: EPS: LK₨0.76 (vs LK₨1.19 in 3Q 2023)

Now 20% overvalued after recent price rise

Distilleries Company of Sri Lanka PLC (COSE:DIST.N0000) entered into sale purchase agreement to acquire Asia Pacific Brewery (Lanka) Limited from Heineken Asia MTN Pte. Ltd.

Second quarter 2024 earnings released: EPS: LK₨0.62 (vs LK₨1.03 in 2Q 2023)

Upcoming dividend of LK₨1.43 per share at 25% yield

Now 21% undervalued

Distilleries Company of Sri Lanka PLC, Annual General Meeting, Sep 22, 2023

First quarter 2024 earnings released: EPS: LK₨0.92 (vs LK₨0.81 in 1Q 2023)

Upcoming dividend of LK₨1.75 per share at 9.6% yield

Investor sentiment improves as stock rises 16%

Full year 2023 earnings released: EPS: LK₨4.01 (vs LK₨1.74 in FY 2022)

Price target increased by 47% to LK₨24.60

Now 22% undervalued

Investor sentiment improves as stock rises 28%

Third quarter 2023 earnings released: EPS: LK₨1.19 (vs LK₨0.40 in 3Q 2022)

Less than half of directors are independent

Distilleries Company of Sri Lanka plc Announces Demise of Mr. Rarfeevan Seevaraham, Independent Non-Executive Director

Price target increased to LK₨19.20

Insufficient new directors

Price target increased to LK₨19.20

Distilleries Company of Sri Lanka PLC Appoints Kolitha Kahanda as the Joint Managing Director

Distilleries Company of Sri Lanka PLC Announces Board Changes

First quarter 2023 earnings released: EPS: LK₨0.81 (vs LK₨0.32 in 1Q 2022)

Upcoming dividend of LK₨0.50 per share

Distilleries Company of Sri Lanka PLC, Annual General Meeting, Sep 29, 2022

Full year 2022 earnings released: EPS: LK₨1.70 (vs LK₨1.58 in FY 2021)

Price target decreased to LK₨20.10

Insufficient new directors

Upcoming dividend of LK₨0.70 per share

Price target decreased to LK₨20.10

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Second quarter 2022 earnings released: EPS LK₨0.55 (vs LK₨0.57 in 2Q 2021)

Upcoming dividend of LK₨0.86 per share

Upcoming dividend of LK₨0.70 per share

New 90-day low: LK₨19.60

Third quarter 2021 earnings released: EPS LK₨0.44 (vs LK₨0.32 in 3Q 2020)

New 90-day high: LK₨22.90

New 90-day high: LK₨19.50

Second quarter 2021 earnings released: EPS LK₨0.57

New 90-day high: LK₨19.10

First quarter earnings released

New 90-day high - LK₨16.30

Full year earnings released - EPS LK₨1.25

New 90-day high - LK₨16.20

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age