Company Fact Sheet: Abans Electricals PLC - ABAN:N0000

About the company:

Established: 1981                  Quoted Date: 1984-01-01              Sector: Manufacturing

Abans Electricals PLC is a Sri Lanka-based manufacturer of electric and electronic appliances. The Company is engaged in the manufacture and assembly of household electrical and electronic appliances, and the provision of repair and maintenance services. The Company operates in two segments, manufacturing department and service department. The manufacturing department is engaged in the manufacture and assembly of LG-branded washing machines, refrigerators, televisions, air conditioners, cookers and water geyzers. The service department is engaged in the installation, repair, maintenance and all after sales services of all electrical and household appliances sold by Abans Group. As of March 31, 2013, the Company's parent undertaking was Abans (Pvt) Ltd. As of the same date, it had a sole subsidiary, Abans Jung Poong (Pvt) Ltd.

Chairperson / Managing Director: Mrs A. Pestonjee

Board of Directors:

Prof Lakshman Ravendra Watawala (Independent Non Executive Director)

Mrs Dayangani Priyanthi Pieris (Independent Non Executive Director)

Mrs Saroshi Dubash
Mr Behman Pestonjee

Mr Rusi Pestonjee
Mr Allen Raffel
Mr C.A. Fernando 

52 Weeks Low: 75.00                                                                52 Weeks High: 145.83

Average Trading Volume: 1,510

Company Financial at a glance:

Click Table to Enlarge

Total Voting shares in Issue: 5,110,560 

Notes:1. 1,064,700 Ordinary Shares of the Company were allotted on 14th December 2004, pursuant to a 1:1 Bonus Issue.
2. 1,064,700 voting shares of the company were listed on 7th July 2010, pursuant to a capitalization of reserves in the proportion of 1:2.
3. 1,064,700 Ordinary Shares of the Company were listed on 23rd August 2010, pursuant to a 1:3 Rights Issue @ Rs. 45.00.
4. 851,760 Ordinary Voting Shares of the Company were listed on 4th October 2013, pursuant to a capitalisation of reserves in the portion of 1:5.

Top 20 Shareholders as at 31/12/2013

Percentage of public holding as at 31st December 2013 was 32.21%

The percentage of Foreign Holding as at 31st March 2014 was 1.97%