Friday Sep 27, 2024
Friday Sep 27, 2024
Friday, 27 June 2014 00:00 - - {{hitsCtrl.values.hits}}
The AGM centered on a qualitative 360° coverage of the performance of LAUGFS Gas PLC during the year 2013/14, which has included good returns for all subsidiaries, along with many highlights, accolades and new ventures. The pledge to deliver world class products and services while improving financial results has been at the forefront of the company’s vision, leading to its impressive performance during this period.
Several new ventures were launched during these 12 months, further strengthening the highly diversified conglomerate. A milestone achievement among these was the group’s entry in to the leisure sector earlier this year with the opening of the luxurious, 87 room Anantaya Resort and Spa in Chilaw. In addition to this LAUGFS, a giant in the energy sector, commissioned the first hydro power plant under LAUGFS Power in Balangoda, while LAUGFS Property Developers reached the final stage of completion of its first project at Maya Avenue.
The company’s very first Integrated Annual Report was released for the year 2013/14, marking the first step towards integrating environmental, people, economic and financial performance reporting. Furthermore, LAUGFS launched the Enterprise Resource Planning (ERP) implementation project, which is expected to bring a host of benefits to the company and enable it to forge ahead with added power.
2013/14 also saw LAUGFS Gas PLC, which was previously listed under the Diri Savi Board, being transferred to the Main Board of the Colombo Stock Exchange on 29 January 2014. This move has reconfirmed the vision of the company to further enhance its core values of transparency, 
responsibility and professional growth within the industry.
LAUGFS Gas PLC and its subsidiaries have delivered exceptional results in 2013/14 surpassing all previous achievements for key indicators such as Revenue, Pre and Post-Tax Profits, Total Assets, Net Assets and Earnings Per Share.
Established in the year 1995, LAUGFS is one of the largest diversified business conglomerates in the country. It currently provides goods and services in over 15 separate sectors including energy, automotive, engineering, leisure, education and property development.
