The annual report of the LAUGFS Gas PLC for the year 2011, has won Sector -Certificate of Compliance at the 2011 Annual Report Awards organized by the Institute of Charted Accountants of Sri Lanka (ICASL).
Accordingly Chairman of the LAUGFS Gas PLC, W.K.H. Wegapitiya received the Sector – Certificate of Compliance at the Annual Report Awards held last week.
In the year 2011, LAUGFS Gas PLC embarked on a journey of transformation after becoming a public quoted company in the previous year. In doing so, LAUGS shared its business success with over 20,000 Sri Lankans across the island. Its value increased two fold and the company continue to build upon its strong foundations maintaining its mission to be the best in class of local energy sector and the preferred choice in every household in the country.
As one of the Nation’s largest diversified conglomerates, it believes in contributing to drive the economy forward and achieving the broader vision of the country. It is precisely why the theme of the annual report appropriately describes its operations as “Every One Winsâ€.
LAUGSF Gas PLC is actively participate in four sectors namely energy, Leisure, services and property.
Under the Energy sector LAUGFS Gas PLC engaged in the operations of importation, storage, filling, distribution and sale of LPG for domestic, industrial and auto gas users. The company has an island wide sales network of distributors and dealers and the total LPG market in the country is presently shared with one player.
The company under its services sector engaged with the testing and certification of vehicle emissions. Under the leisure sector having managed the hotels all these years, the company currently engaged in constructing the state of the art small luxury hotel in Chilaw. Also in the property development sector it is now engaged in constructing a seven storied building complex at Maya Avenue Colombo 6
In the year 2011 LAUGFS Gas PLC recorded Rs.7.3 billion revenue, generating Rs.1.0 billion profits before tax. The company also declared dividend of Rs.1.50 per share for the financial year under review. The board of Directors of the LAUGFS Gas PLC, consist of Mr. W.K.H. Wegapitiya Chairman, Mr. U. Thilak De Silva Managing Director, Mr. Ariyaratne Director, Mr.T.K Bandaranayake Director, Mr. C.L.De Alwis Director and Mr. P.M. Kumarasinghe PC.
Accordingly Chairman of the LAUGFS Gas PLC, W.K.H. Wegapitiya received the Sector – Certificate of Compliance at the Annual Report Awards held last week.
In the year 2011, LAUGFS Gas PLC embarked on a journey of transformation after becoming a public quoted company in the previous year. In doing so, LAUGS shared its business success with over 20,000 Sri Lankans across the island. Its value increased two fold and the company continue to build upon its strong foundations maintaining its mission to be the best in class of local energy sector and the preferred choice in every household in the country.
As one of the Nation’s largest diversified conglomerates, it believes in contributing to drive the economy forward and achieving the broader vision of the country. It is precisely why the theme of the annual report appropriately describes its operations as “Every One Winsâ€.
LAUGSF Gas PLC is actively participate in four sectors namely energy, Leisure, services and property.
Under the Energy sector LAUGFS Gas PLC engaged in the operations of importation, storage, filling, distribution and sale of LPG for domestic, industrial and auto gas users. The company has an island wide sales network of distributors and dealers and the total LPG market in the country is presently shared with one player.
The company under its services sector engaged with the testing and certification of vehicle emissions. Under the leisure sector having managed the hotels all these years, the company currently engaged in constructing the state of the art small luxury hotel in Chilaw. Also in the property development sector it is now engaged in constructing a seven storied building complex at Maya Avenue Colombo 6
In the year 2011 LAUGFS Gas PLC recorded Rs.7.3 billion revenue, generating Rs.1.0 billion profits before tax. The company also declared dividend of Rs.1.50 per share for the financial year under review. The board of Directors of the LAUGFS Gas PLC, consist of Mr. W.K.H. Wegapitiya Chairman, Mr. U. Thilak De Silva Managing Director, Mr. Ariyaratne Director, Mr.T.K Bandaranayake Director, Mr. C.L.De Alwis Director and Mr. P.M. Kumarasinghe PC.
