Exterminators records 48% in capital gains, Rs.31.5mn dividend pay-out one year after listing

Exterminators PLC Managing Director Marlon Ferreira and team

Exterminators PLC, Sri Lanka’s premier pest tech and environmental enhancement technology company, recorded impressive financial performance for the nine months ended on December 31, 2022.
During the first nine months of the FY22-23, the revenue increased by 37 percent, gross profit by 29 percent, operating profit by 29 percent, profit before tax by 63 percent and net profit by 62 percent. The GP margin is 73 percent, NP margin was 27 percent and capital gain was 48 percent as of March 28, 2023. The company’s dividend pay-out in 2022 was Rs.31.5 million, which included a cash dividend of Rs.14 million and a scrip dividend amounting to Rs.17.4 million.

Exterminators PLC Managing Director Marlon Ferreira stated, “We anticipate that the pest management and agricultural sectors will have significant growth in the mid to long-term in Sri Lanka and the emerging developing markets. The company is expecting to reduce operational and administration costs, due to the creation of synergies within divisions, which would have a positive impact on the bottom line and in turn create value for all stakeholders. Operating from four locations in Colombo, Kandy, Malabe and Dambulla, the company has set in place the necessary groundwork to expand to several key cities on the island and has plans to set up the global business expansion project in the first quarter of the financial year 23/24.