Lankem Developments PLC
CCSELK:LDEV.N000017.10
LKR
0.00
(0.00%)
ISIN
LK0116N00000
Return %
Stock
S&P 500
1Y
-37.82
14.20
3Y
-17.34
81.12
5Y
236.75
68.34
Capital Structure
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in mil. unless spec.Working Capital
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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
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- Sector
- Consumer non-durables
- Industry
- Food: major diversified
- Address
- Colombo Sri Lanka
- IPO Date
- Jul 7, 1987
- Similar Companies
- Business
- Lankem Developments PLC, an investment holding company, engages in plantation agriculture, hospitality and leisure, and investment management operations in Sri Lanka. The company operates primarily through its Plantations and Leisure business segments. In the Plantations segment, the company cultivates, processes, manufactures, and markets agricultural commodities, including orthodox black tea, CTC tea, and value-added specialty teas; natural rubber grades comprising sole crepe, pale crepe, scrap crepe, ribbed smoked sheets, and concentrated latex; oil palm; and secondary agricultural crops such as cinnamon, coconuts, and commercial forestry timber. In the Leisure segment, the company owns, manages, and operates resort hotels and tourist properties, providing hotel accommodation across luxury, deluxe, and standard room categories; food and beverage operations, including fine dining restaurants, cafes, bars, and banquet catering; meeting, incentive, conference, and exhibition (MICE) facilities; and recreational, wellness, spa, and eco-tourism services. The company markets its plantation commodities through the Colombo Tea and Rubber Auctions to domestic blenders, exporters, and global buyers, while serving local and international travelers through its hospitality operations. Lankem Developments PLC was incorporated in 1974 and is headquartered in Colombo, Sri Lanka. The company operates as a subsidiary of The Colombo Fort Land & Building PLC group. In recent strategic and operational developments, Lankem Developments PLC has focused on balance sheet consolidation and operational restructuring across its plantation subsidiaries, including Kotagala Plantations PLC and Agarapatana Plantations PLC. The company has accelerated capital investments in renewable energy initiatives across its plantation estates, deploying ground-mounted and rooftop solar photovoltaic systems and mini-hydro power generation assets to mitigate energy overheads and generate supplementary power sales to the national grid. Additionally, the company has implemented factory automation and quality-standard certifications in its agro-processing facilities and carried out refurbishment programs across its resort properties to capitalize on the sustained recovery of international tourism in Sri Lanka.