Group Structure
Commercial Development Co. PLC |
ONEzero Co. Ltd. |
Commex Sri Lanka S.R.L. – Italy |
Serendib Finance Ltd.* |
Equity Investments Lanka Ltd. |
Commercial Insurance Brokers (Pvt) Ltd. |
|||||||
Company Profile | ||||||||||||
Relationship to the Bank | Subsidiary | Subsidiary | Subsidiary | Subsidiary | Associate | Associate | ||||||
Incorporated on | March 14, 1980 in Sri Lanka | February 17, 2003 in Sri Lanka | December 02, 2008 in Italy | February 18, 1987 in Sri Lanka | August 08, 1990 in Sri Lanka | August 17, 1987 in Sri Lanka | ||||||
Bank’s Holding | 94.28% | 100% | 100% | 100% | 22.92% | 18.86% | ||||||
Principal Business Activities | Property Development | Provision of IT Related Services | Money Transfer and Money Exchange | Leasing & Hire Purchase Financing | Venture Capital Financing | Insurance Brokering | ||||||
Business Address | ‘Commercial House’, No. 21, Sir Razik Fareed Mawatha, Colombo 01. |
‘Commercial House’, No. 21, Sir Razik Fareed Mawatha, Colombo 01. |
No. 34, Leopardi, Rome, Italy |
No. 187, Katugastota Road, Kandy. |
108 A, 2/1, Maya Avenue, Colombo 06. |
No. 347, Dr. Colvin R. De Silva Mawatha, Colombo 02. |
||||||
Contact Numbers | 2447300 | 2430420 | +39 06 48905707 | 081 2213498, 081 2200272 | 5373745, 2507605-6 | 2447297, 2447299 | ||||||
Board of Directors | ||||||||||||
Chairman | B.R.L. Fernando | Prof. A.K.W. Jayawardane | K.G.D.D. Dheerasinghe | K.G.D.D. Dheerasinghe | M.J.C. Amarasuriya | M.P. Jayawardena | ||||||
Managing Director/CEO | J. Durairatnam | A.J.D. Samarasinghe | H.R. Pieris | R.A.M. Seneviratne | ||||||||
Director | A.L. Gooneratne | K.S.A. Gamage | M.E.P. Perera | Ms. J.P. Kuruppu | Deshamanya S.E. Captain | D.M.D.K. Thilakaratne | ||||||
Director | A.T.P. Edirisinghe | K.D.N. Buddhipala | K.D.N. Buddhipala | S.R. Pushpakumara | J.D. Peiris | U.I.S. Tillakawardana | ||||||
Director | L.D.A. Jayasinghe | M.E.P. Perera | U.K.P. Banduwansa | A.N.P. Sooriyaarachchi | J.B. Adu Baker | S.P.S. Ranatunga | ||||||
Director | U.I.S. Tillakawardana | S.C.U. Manatunga | Prof. Francesco Bellini | Y.S.H.R.S. Silva | W.I. Arambage | |||||||
Director | Mrs. S.A. Walgama | L.A. Rajapakse (Alternate Director) | ||||||||||
Director | H.A. Pieris | |||||||||||
Company Secretary | L.W.P. Indrajith | M.P. Dharmasiri | Antonia Coppola (Commercialista) | R.A.P. Rajapaksha | Mrs. R.R. Dunuwille | Ms. Y.A. Kularathna |
Summary of Financial Information
2015 | 2014 | 2015 | 2014 | 2015 | 2014 | 2015 | 2014 | 2015 | 2014 | 2015 | 2014 | |
Rs. Mn. | Rs. Mn. | Rs. Mn. | Rs. Mn. | Rs. Mn. | Rs. Mn. | Rs. Mn. | Rs. Mn. | Rs. Mn. | Rs. Mn. | Rs. Mn. | Rs. Mn. | |
Total assets | 2,064.361 | 1,873.596 | 103.132 | 91.009 | 66.432 | 29.700 | 2,925.295 | 1,957.298 | 302.543 | 322.843 | 257.851 | 230.677 |
Total liabilities | 356.523 | 344.512 | 47.054 | 31.094 | 77.365 | 65.537 | 2,452.044 | 1,414.609 | 8.593 | 7.276 | 61.502 | 50.421 |
Net assets | 1,707.838 | 1,529.084 | 56.078 | 59.915 | (10.933) | (35.837) | 473.251 | 542.689 | 293.950 | 315.567 | 196.349 | 180.256 |
Total revenue | 316.988 | 275.997 | 181.725 | 128.107 | 3.405 | 6.559 | 356.233 | 139.835 | 55.536 | 39.701 | 212.673 | 189.420 |
Profit before tax | 321.897 | 341.904 | 38.177 | 42.060 | (37.257) | (42.990) | (85.125) | 39.667 | 42.510 | 20.042 | 32.151 | 15.362 |
Profit after tax | 259.795 | 275.434 | 27.523 | 30.286 | (37.257) | (42.990) | (72.676) | 26.684 | 43.264 | 22.288 | 19.683 | 7.693 |
Dividend (per share) (Rs.) | 5.00 | 5.00 | 50.00 | 50.00 | – | – | – | – | – | – | 5.00 | 7.50 |