Hapugastenne Plantations Plc
CCSELK:HAPU.N000052.00
LKR
-1.90
(-3.53%)
ISIN
LK0285N00003
Return %
Stock
S&P 500
1Y
-29.63
14.20
3Y
73.33
81.12
5Y
222.98
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Dushanth Jayantissa Ratwatte
- Full Time Employees
- 2,597
- Sector
- Process industries
- Industry
- Agricultural commodities/Milling
- Address
- Dudley Senanayake Mawatha Sri Lanka
- Similar Companies
- Business
- Hapugastenne Plantations PLC is a Sri Lanka-based agribusiness enterprise primarily engaged in the cultivation, manufacturing, processing, and commercial marketing of black tea, green tea, natural rubber, and diversified agricultural produce. Founded in 1992 and headquartered in Colombo, Sri Lanka, the company manages extensive agricultural estates located across the Sabaragamuwa and Uva provinces, encompassing plantation districts in Ratnapura, Balangoda, Kahawatta, and Bandarawela. Operating as a subsidiary of the Browns Group under LOLC Holdings PLC following its strategic acquisition from the Finlays Group, the company distributes its harvest through the Colombo Tea Auction network as well as direct private sales and export channels to global and domestic blenders, packers, and industrial buyers. The company offers a systematic portfolio of agricultural commodities and processed goods, including orthodox black tea, cut-tear-and-curl (CTC) tea, and specialty artisanal teas across high-grown, medium-grown, and low-grown elevation profiles; natural rubber products comprising ribbed smoked sheets (RSS), sole crepe, pale latex crepe, and centrifuged latex; coconut and copra derivatives; commercial forestry assets, managed timber, and sustainable fuelwood; and minor export crops, including cinnamon, cardamom, pepper, and coffee. In recent developments, Hapugastenne Plantations PLC has undertaken major strategic transformations under Browns Plantations management, executing extensive agricultural diversification programs to expand commercial cultivation of cinnamon, avocado, and intercropped coconut to reduce revenue reliance on traditional tea and rubber commodities. The company has also advanced sustainable operational initiatives, expanding estate-based renewable energy generation through rooftop and ground-mounted solar photovoltaic systems and mini-hydro projects, deploying mechanization and precision agriculture technologies across its fields to optimize labor efficiency, and modernizing processing factories to maintain international compliance standards, including Rainforest Alliance, ISO 22000, and HACCP certifications.