Exterminators net profit up by 120% in 2Q23

Exterminators PLC, Sri Lanka’s premier pest management and environmental technology company, announced its interim financial results for the second quarter of FY23.

During 1Q of FY23, the revenue increased by 58 percent, gross profit by 50 percent, operating profit by 67 percent, profit before tax by 90 percent, net profit by 120 percent, earnings per share increased by 67 percent and the net assets per share increased by 29 percent, even during the prevailing crisis. 

The comprehensive income increased by 530 percent in the 1H of FY23. The company made a scrip dividend to capatalise reserves by issuing 2,852,459 ordinary voting shares, at the proportion of one share for every 17.5 shares, amounting to Rs.17.4 million in September 2022.

Holding a legacy of over 24 years, as a specialised pest management service provider, we emphasis heavily on designing, developing, inventing, reinventing  and 

articulating environmentally sustainable and customer-centric smart and novel pest management solutions, process and technologies. Exterminators carefully plans out its strategic objectives and executes these with precision, to strengthen its position within the industry while addressing the challenges such as improving productivity and being agile in an ever-changing dynamic business landscape.

Exterminators PLC Chairman Chaaminda Ratnayake stated, “Our long-term sustainability and resilience as an institution is the result of not only successfully executing our strategy but also more importantly building a strong foundation of compliance. Guided by our values we have consistently focused on achieving excellence in compliance.”

Exterminators PLC Managing Director Marlon Ferreira stated, “We plan to move across borders throughout emerging and developing markets to colonise our proven, recognised brand and business model to help communities to enhance living standards. In South Asia, Southeast Asia, Central Asia, Middle East, Africa and pacific island nations via direct investment, joint ventures and international franchising. We are a participant of the United Nations Global Compact, the world’s largest corporate sustainability initiative.”