Ambeon Holdings announces dividends
Subsequent to the transformation and repositioning of the Ambeon Group, which included restructuring of its diversified businesses to bring about collective focus, optimize investments and increase shareholder value, Ambeon Holdings PLC has announced an interim dividend to all its shareholders.
The total dividend payout announced is Rs.446 million translating into Rs.1.25 per share. The payment date for the said dividends has been declared as August 2, 2018.
“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” the company said in a statement.
Ambeon Holdings PLC, a subsidiary of Ambeon Capital PLC is a mediumsized 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 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 include – 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).
The subsidiaries of Ambeon Holdings PLC include Taprobane Capital Plus (Pvt) Ltd (a leading financial services provider with a wealth of experience in capital markets in Sri Lanka), South Asia Textiles Limited, (leading manufacturer of exceptional quality weft knitted fabric. The company also specializes 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 Limited (manufacturer of leather footwear and accessories), Millennium Information Technologies (Pvt) 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).