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Ambeon Holdings announces Dividends


Comments / {{hitsCtrl.values.hits}} Views / Friday, 13 July 2018 00:29


 

  • A whopping pay-out of Rs. 446 m as interim dividends
  • Plans of transformation, guidance from The Galle Face Group, Hirdaramani Group and Navitas Investments coupled with astute management skills and corporate direction led by veteran Murali Prakash continues to prove to be the right formula

 Subsequent to the transformation and repositioning of the Ambeon Group, which included restructuring of its diversified businesses to bring about collective focus, optimise investments and increase shareholder value, Ambeon Holdings PLC announced an interim dividend to all its shareholders.

The total dividend pay-out announced is Rs. 446 million translating into Rs. 1.25 per share. The payment date for the said dividends has been declared as 2 August.

“We are pleased to announce an interim dividend to our shareholders who have supported us over the years. Post transformation, the Group is now geared to create value across all business processes, invariably benefitting customers and creating sustainable long-term value for all shareholders and stakeholders.  While this is just the first, we are optimistic that our valuable shareholders can expect to gain many benefits in the years to come,” stated a special communique from the Ambeon Holdings PLC Board of Directors. 

Ambeon Holdings PLC, a subsidiary of Ambeon Capital PLC, is a medium-sized conglomerate reputed for its market dominance in the areas of financial services, manufacturing, real estate, technology and strategic investments. The declaration of dividends which is a first after many years proves that the Group is being steered in the correct direction of creating and enhancing value to all stakeholders thus increasing shareholder wealth beyond ambition.

The Ambeon Group is powered and guided by Galle Face Hotel Group, Hirdaramani Group and Navitas Investments and steered by top corporate personality and renowned industry veteran Murali Prakash as its Group Managing Director/Chief Executive Officer. This combination continues to prove to be the right formula resulting in exceptional outcomes of this nature.

The Board of Directors of Ambeon Holdings PLC comprises A.G. Weerasinghe (Chairman/Non-Executive Director), Murali Prakash (Group Managing Director/Chief Executive Officer), Ruwan Sugathadasa (Non-Executive Director), Mangala Boyagoda (Non-Executive Director), and Priyantha Maddumage (Non-Executive Director). 

With over 3,300 employees, the Group is now well-poised to take on the dynamic, technocentric business world of tomorrow. The subsidiaries of Ambeon Holdings PLC include Taprobane Capital Plus Ltd. (a leading financial services provider with a wealth of experience in capital markets in Sri Lanka) and South Asia Textiles Ltd. (leading manufacturer of exceptional quality weft knitted fabric. 

The company also specialises in knitting, dyeing, finishing, printing, brushing, sueding and preshrunk fabric for leading global brands such as Victoria Secret, Next, Marks & Spencer, Tesco, Calvin Klein, Decathlon and Adidas, Dankotuwa Porcelain PLC and Royal Fernwood Porcelain Ltd. (manufacturers of porcelain tableware and gift items for global giants such as Oneida, Macy’s, Country Road, Lenox, John Lewis, Crate & Barrel, Megros, Jashanmal, Ralph Lauren, the Walt Disney Company and Dilmah), Ceylon Leather Products Ltd. (manufacturer of leather footwear and accessories), Millennium Information Technologies Ltd. (Sri Lanka’s leading information systems solutions providers delivering IT solutions for many industries, including banks and finance, telecommunications, apparel and leading conglomerates) and Colombo City Holdings PLC (real estate).  

 


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