Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Antonio Alles was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 02
Alumex PLC, Annual General Meeting, Jun 23, 2025 Alumex PLC, Annual General Meeting, Jun 23, 2025, at 09:00 Sri Lanka Standard Time. Location: chas p. hayley lounge, hayleys plc, no. 400, deans road, colombo 10., colombo Sri Lanka Price Target Changed • Mar 14
Price target increased by 41% to LK₨18.30 Up from LK₨13.00, the current price target is provided by 1 analyst. New target price is 24% above last closing price of LK₨14.80. Stock is up 56% over the past year. The company posted earnings per share of LK₨0.31 last year. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: LK₨0.11 (vs LK₨0.001 in 2Q 2024) Second quarter 2025 results: EPS: LK₨0.11 (up from LK₨0.001 in 2Q 2024). Revenue: LK₨3.27b (up 39% from 2Q 2024). Net income: LK₨63.9m (up LK₨63.1m from 2Q 2024). Profit margin: 2.0% (up from 0% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. New Risk • Oct 16
New major risk - Revenue and earnings growth Earnings have declined by 11% 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 Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (LK₨6.82b market cap, or US$23.3m). New Risk • Aug 16
New major risk - Revenue and earnings growth Earnings have declined by 11% 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 Interest payments are not well covered by earnings (0.7x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (LK₨6.70b market cap, or US$22.5m). Reported Earnings • Aug 16
First quarter 2025 earnings released: LK₨1.45 loss per share (vs LK₨0.48 loss in 1Q 2024) First quarter 2025 results: LK₨1.45 loss per share (further deteriorated from LK₨0.48 loss in 1Q 2024). Revenue: LK₨2.65b (up 49% from 1Q 2024). Net loss: LK₨869.0m (loss widened 203% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. New Risk • Jul 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 4.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (4.7% average weekly change). Market cap is less than US$100m (LK₨6.76b market cap, or US$22.3m). Announcement • May 31
Alumex PLC, Annual General Meeting, Jun 24, 2024 Alumex PLC, Annual General Meeting, Jun 24, 2024, at 09:00 Sri Lanka Standard Time. Location: chas p. hayley lounge of hayleys plc, no. 400, deans road, colombo 10., Sri Lanka Reported Earnings • May 10
Full year 2024 earnings released: EPS: LK₨0.31 (vs LK₨0.017 loss in FY 2023) Full year 2024 results: EPS: LK₨0.31 (up from LK₨0.017 loss in FY 2023). Revenue: LK₨11.0b (up 7.6% from FY 2023). Net income: LK₨186.1m (up LK₨196.3m from FY 2023). Profit margin: 1.7% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: LK₨0.25 (vs LK₨0.26 loss in 3Q 2023) Third quarter 2024 results: EPS: LK₨0.25 (up from LK₨0.26 loss in 3Q 2023). Revenue: LK₨3.22b (up 34% from 3Q 2023). Net income: LK₨150.7m (up LK₨303.5m from 3Q 2023). Profit margin: 4.7% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in Asia. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Jan 05
Alumex PLC Announces Board Changes The board of directors of Alumex PLC announced the appointment of Devaka Terence Ranil De Silva and Manoha Jude Serguis Rajakariar as non Executive Independent Director, effective January 3, 2024. Mr. Tyeabally Abbasally Akbarally resigned as the Alternative of Ali Asghar Akbarally with effect from January 3, 2024. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: LK₨0.001 (vs LK₨0.21 loss in 2Q 2023) Second quarter 2024 results: EPS: LK₨0.001 (up from LK₨0.21 loss in 2Q 2023). Revenue: LK₨2.42b (up 5.3% from 2Q 2023). Net income: LK₨754.0k (up LK₨124.5m from 2Q 2023). Profit margin: 0% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 05
First quarter 2024 earnings released: LK₨0.48 loss per share (vs LK₨0.22 profit in 1Q 2023) First quarter 2024 results: LK₨0.48 loss per share (down from LK₨0.22 profit in 1Q 2023). Revenue: LK₨1.78b (down 39% from 1Q 2023). Net loss: LK₨287.0m (down 317% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Jun 03
Alumex PLC, Annual General Meeting, Jun 26, 2023 Alumex PLC, Annual General Meeting, Jun 26, 2023, at 13:30 Sri Lanka Standard Time. Location: Conference Hall of Hayleys PLC, No. 400, Deans Road, Colombo Sri Lanka Agenda: To consider and adopt the Annual Report of the Board of Directors and the Statements of Accounts for the year ended 31st March 2023, with the Report of the Auditors thereon; to re-elect as a Director Mr. S.C. Ganegoda, who retires by rotation at the Annual General Meeting in terms of Article 28(6) of the Articles of Association of the Company; to re-elect as a Director Dr. L.J.S.H. Cabral, who retires by rotation at the Annual General Meeting, in terms of Article 28(6) of the Articles of Association of the Company; and to transact such other business matter. Reported Earnings • May 14
Full year 2023 earnings released: LK₨0.02 loss per share (vs LK₨1.92 profit in FY 2022) Full year 2023 results: LK₨0.02 loss per share (down from LK₨1.92 profit in FY 2022). Revenue: LK₨10.2b (up 6.5% from FY 2022). Net loss: LK₨10.2m (down 101% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 26% per year and the company’s share price has also increased by 26% per year. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to LK₨8.70, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 14x in the Metals and Mining industry in Asia. Total returns to shareholders of 152% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to LK₨7.60, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 14x in the Metals and Mining industry in Asia. Total returns to shareholders of 53% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: LK₨0.26 loss per share (vs LK₨0.45 profit in 3Q 2022) Third quarter 2023 results: LK₨0.26 loss per share (down from LK₨0.45 profit in 3Q 2022). Revenue: LK₨2.40b (flat on 3Q 2022). Net loss: LK₨152.8m (down 156% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 9 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Non-Executive Director Liyanamohottige Joseph Sri Cabral was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 30
Second quarter 2023 earnings released: LK₨0.21 loss per share (vs LK₨0.48 profit in 2Q 2022) Second quarter 2023 results: LK₨0.21 loss per share (down from LK₨0.48 profit in 2Q 2022). Revenue: LK₨2.30b (down 5.2% from 2Q 2022). Net loss: LK₨123.7m (down 143% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 18% share price gain to LK₨9.10, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 11x in the Metals and Mining industry in Asia. Total returns to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 21% share price gain to LK₨8.50, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 11x in the Metals and Mining industry in Asia. Total returns to shareholders of 61% over the past three years. Reported Earnings • Aug 03
First quarter 2023 earnings released: EPS: LK₨0.22 (vs LK₨0.11 in 1Q 2022) First quarter 2023 results: EPS: LK₨0.22 (up from LK₨0.11 in 1Q 2022). Revenue: LK₨2.91b (up 94% from 1Q 2022). Net income: LK₨132.1m (up 103% from 1Q 2022). Profit margin: 4.5% (up from 4.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 9.0% compared to a 186% growth forecast for the industry in Sri Lanka. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorated over the past week After last week's 9.1% share price decline to LK₨6.00, the stock trades at a trailing P/E ratio of 3.1x. Average forward P/E is 9x in the Metals and Mining industry in Asia. Total returns to shareholders of 23% over the past three years. Recent Insider Transactions • Jul 06
Deputy Chairman recently bought LK₨155k worth of stock On the 1st of July, Sarath Ganegoda bought around 25k shares on-market at roughly LK₨6.22 per share. This was the largest purchase by an insider in the last 3 months. Sarath has been a buyer over the last 12 months, purchasing a net total of LK₨281k worth in shares. Recent Insider Transactions • Jun 28
Deputy Chairman recently bought LK₨126k worth of stock On the 21st of June, Sarath Ganegoda bought around 20k shares on-market at roughly LK₨6.30 per share. This was the largest purchase by an insider in the last 3 months. This was Sarath's only on-market trade for the last 12 months. Upcoming Dividend • Jun 23
Upcoming dividend of LK₨0.25 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 12 July 2022. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 15%. Within top quartile of Sri Lankan dividend payers (9.3%). Higher than average of industry peers (4.3%). Reported Earnings • Jun 08
Full year 2022 earnings released: EPS: LK₨1.92 (vs LK₨1.41 in FY 2021) Full year 2022 results: EPS: LK₨1.92 (up from LK₨1.41 in FY 2021). Revenue: LK₨9.60b (up 59% from FY 2021). Net income: LK₨1.15b (up 37% from FY 2021). Profit margin: 12% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.3%, compared to a 21% growth forecast for the mining industry in Sri Lanka. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 26% share price gain to LK₨7.70, the stock trades at a trailing P/E ratio of 4x. Average forward P/E is 9x in the Metals and Mining industry in Asia. Total returns to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at LK₨5.46 per share. Reported Earnings • May 05
Full year 2022 earnings released: EPS: LK₨1.92 (vs LK₨1.41 in FY 2021) Full year 2022 results: EPS: LK₨1.92 (up from LK₨1.41 in FY 2021). Revenue: LK₨9.60b (up 59% from FY 2021). Net income: LK₨1.15b (up 37% from FY 2021). Profit margin: 12% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.3%, compared to a 21% growth forecast for the mining industry in Sri Lanka. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to LK₨19.75 Up from LK₨9.00, the current price target is an average from 2 analysts. New target price is 229% above last closing price of LK₨6.00. Stock is down 50% over the past year. The company posted earnings per share of LK₨1.40 last year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 9 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Non-Executive Director Liyanamohottige Joseph Sri Cabral was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Mar 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 54%. The fair value is estimated to be LK₨9.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 95%. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to LK₨8.10, the stock trades at a trailing P/E ratio of 4.4x. Average forward P/E is 10x in the Metals and Mining industry in Asia. Total returns to shareholders of 94% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at LK₨8.82 per share. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to LK₨11.30, the stock trades at a trailing P/E ratio of 6.1x. Average forward P/E is 11x in the Metals and Mining industry in Asia. Total returns to shareholders of 122% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at LK₨10.92 per share. Reported Earnings • Feb 08
Third quarter 2022 earnings: Revenues in line with analyst expectations Third quarter 2022 results: Revenue: LK₨2.41b (up 57% from 3Q 2021). Net income: LK₨270.9m (up 35% from 3Q 2021). Profit margin: 11% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 20%, compared to a 19% growth forecast for the industry in Sri Lanka. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 03
Upcoming dividend of LK₨0.20 per share Eligible shareholders must have bought the stock before 10 January 2022. Payment date: 31 January 2022. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Sri Lankan dividend payers (5.2%). Higher than average of industry peers (2.5%). Recent Insider Transactions • Nov 30
Independent Non-Executive Director recently sold LK₨396k worth of stock On the 25th of November, Somasiri Munaweera sold around 25k shares on-market at roughly LK₨16.00 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of LK₨1.5m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 17% share price gain to LK₨16.30, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 13x in the Metals and Mining industry in Asia. Total returns to shareholders of 157% over the past three years. Reported Earnings • Nov 03
Second quarter 2022 earnings released: EPS LK₨0.48 (vs LK₨0.28 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: LK₨2.42b (up 64% from 2Q 2021). Net income: LK₨285.5m (up 74% from 2Q 2021). Profit margin: 12% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 04
First quarter 2022 earnings released: EPS LK₨0.11 (vs LK₨0.023 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: LK₨1.50b (up 70% from 1Q 2021). Net income: LK₨65.0m (up LK₨78.5m from 1Q 2021). Profit margin: 4.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 23
Upcoming dividend of LK₨0.10 per share Eligible shareholders must have bought the stock before 30 June 2021. Payment date: 08 July 2021. Trailing yield: 4.7%. Lower than top quartile of Sri Lankan dividend payers (5.6%). Higher than average of industry peers (2.2%). Reported Earnings • May 11
Full year 2021 earnings released: EPS LK₨1.40 (vs LK₨0.052 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: LK₨6.02b (up 27% from FY 2020). Net income: LK₨841.0m (up LK₨810.2m from FY 2020). Profit margin: 14% (up from 0.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 16
First Dividend Is LK₨0.40 Per Share Will be paid on the 26th of March to those who are registered shareholders by the 23rd of March. The company last paid an ordinary dividend in May 2019. The average dividend yield among industry peers is 2.0%. Reported Earnings • Feb 04
Third quarter 2021 earnings released: EPS LK₨0.67 (vs LK₨0.09 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: LK₨1.53b (up 22% from 3Q 2020). Net income: LK₨200.4m (up LK₨172.9m from 3Q 2020). Profit margin: 13% (up from 2.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 19% share price decline to LK₨25.30, the stock is trading at a trailing P/E ratio of 42x, down from the previous P/E ratio of 51.8x. This compares to an average P/E of 21x in the Metals and Mining industry in Asia. Total returns to shareholders over the past three years are 54%. Is New 90 Day High Low • Jan 22
New 90-day high: LK₨31.20 The company is up 74% from its price of LK₨17.90 on 23 October 2020. The Sri Lankan market is up 40% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 28% over the same period. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 15% share price gain to LK₨24.00, the stock is trading at a trailing P/E ratio of 39.9x, up from the previous P/E ratio of 34.6x. This compares to an average P/E of 22x in the Metals and Mining industry in Asia. Total returns to shareholders over the past three years are 42%. Is New 90 Day High Low • Jan 05
New 90-day high: LK₨22.10 The company is up 31% from its price of LK₨16.90 on 07 October 2020. The Sri Lankan market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 28% over the same period. Reported Earnings • Oct 31
First half earnings released Over the last 12 months the company has reported total profits of LK₨180.1m, up 396% from the prior year. Total revenue was LK₨4.75b over the last 12 months, down 6.8% from the prior year. Recent Insider Transactions • Oct 17
Alternate Non-Executive Director recently sold LK₨2.1m worth of stock On the 14th of October, Tyeabally Akbarally sold around 100k shares on-market at roughly LK₨21.20 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of LK₨1.2m more than they bought in the last 12 months. Is New 90 Day High Low • Oct 14
New 90-day high: LK₨21.00 The company is up 108% from its price of LK₨10.10 on 16 July 2020. The Sri Lankan market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period. Announcement • Oct 02
Alumex PLC Announces Appointment of Sarath Clement Ganegoda as Deputy Chairman Alumex PLC informed the Colombo Stock Exchange of the appointment of Mr. Sarath Clement Ganegoda as Deputy Chairman of company in the executive capacity with effect from 1 October, 2020. Mr. Ganegoda joined the Hayleys Group in 2007 and appointed to the Group Management Committee in July 2007. Appointed to the Board of Hayleys PLC in September 2009 and appointed to the Board of Alumex PLC in November 2010. He is a Fellow Member of CA Sri Lanka and Member of the Institute of Chartered Management Accountants of Australia. Recent Insider Transactions • Sep 24
Non-Executive Director recently bought LK₨223k worth of stock On the 15th of September, Sarath Ganegoda bought around 15k shares on-market at roughly LK₨14.90 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought LK₨927k more in shares than they have sold in the last 12 months. 
