Office Equipment PLC
CCSELK:OFEQ.N0000315.00
LKR
+1.00
(+0.32%)
ISIN
LK0132N00007
Return %
Stock
S&P 500
1Y
47.54
14.39
3Y
231.58
81.42
5Y
483.33
68.62
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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FRC
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in mil. unless spec.Company Description
- CEO
- L. Indraraj Ratnasabapathy
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- Colombo Sri Lanka
- IPO Date
- Sep 14, 1987
- Similar Companies
- Business
- Office Equipment PLC is a Sri Lanka-based commercial solutions provider engaged in the importation, distribution, installation, and maintenance of office automation equipment, cash management technologies, and information technology solutions. The company offers a comprehensive portfolio of products and services, which includes: cash and coin handling systems, such as currency note counting machines, banknote authenticators, coin sorters, and cash packaging devices; time recording and workforce management systems, including electronic time recorders, biometric attendance terminals, and physical punch clocks; computer hardware and peripherals, including personal computers, servers, network equipment, and uninterruptible power supply (UPS) systems; and IT software and outsourcing services, comprising system integration, technical consultancy, hardware repair, comprehensive maintenance contracts, and outsourced business processing services. Founded in 1958 and headquartered in Colombo, Sri Lanka, the company serves a broad customer base spanning commercial banks, financial institutions, retail establishments, educational entities, and government agencies across Sri Lanka. Office Equipment PLC operates as part of the Ceylon Printers Group alongside affiliates Ceylon Printers PLC and Paragon Ceylon PLC, conducting its digital hardware distribution and outsourcing operations primarily through its 99.99%-owned subsidiary, International Computers (Ceylon) Ltd. In recent developments, the company has focused on strategic operational realignments to navigate domestic macroeconomic pressures, placing increased strategic emphasis on high-margin technical maintenance contracts, expanding its automated cash verification and sorting solutions for the banking sector, and streamlining logistics and administrative operations across shared group facilities to enhance cost efficiencies and recurring service revenues.