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Hatton Plantations Plc (Sri Lanka)

Main Activities: Other Food Manufacturing
Full name: Hatton Plantations Plc Profile Updated: May 16, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

The Company is mainly engaged in manufacturing and selling of Tea, Rubber, Coconut Palm Oil.
In 1992 up to 1996 The Company was in the management custody of Lankem Plantations (Pvt) Ltd. It was only in the latter part of 1996 that Estates Management Services (Pvt) Ltd came to take on this all important role and steer Hatton Plantations to what it is today.
The Company was in actual fact that our true journey to greatness began from this point onwards. With the joint venture with Tata Tea India,The Company did take up the challenge of converting the trade into a productive and competitive one. The unique three crop advantage, tea, rubber and oil palm did provide Watawala Plantations the opportunity to move in many directions in terms of getting involved with the day to day lives of the people in Sri Lanka. In total the area of plantations spread over an area of 12,442.13 ha (hectares) out of which 41 was tea, 18 rubber and 8 under palm oil cultivation. Approximately 7 was kept aside for the purpose of fuel wood and the remaining was uncultivated.
The Company's key strength is pursuit of excellence. The Company is perpetually moving towards adopting business practices that go even beyond the best practice. This is why The Company 's capital development initiatives are one step ahead of the pack and The Company intend to keep it that way. The Company believes firmly in constant innovation and bringing about that perpetual change from good to great.
-1992: The Company privatized by the government of Sri Lanka the management of 22 regional plantation companies in 1992.
-1996: The Company saw the birth of Estate Management Services (Pvt) Ltd to manage with a joint venture partnership entered between Hatton Plantations and Tata Tea Ltd of India. The Company together with Tata Tea strategically converted the trade to a productive and competitive trade in 1996.
-1998; The Company tea brand Zesta was introduced to the market by and achieved the highest turnover within two years in 1998.
-1999: The Company Created new benchmark blending traditions with technology in 1999.
-2000: The Company Recorded highest ever turnover of Rs. 1.86 bn and highest ever tea production of 12 mn kg in 2000.
-2001: The Company Established of Tea Cup at Strathdon Estate 2001.
-2002: The Company Kenilworth Estate obtains the prestigious. ISO 9002:1994 International Certificate and HACCP The Company ahs a Certification in 2004.
-2003: The Company Reached a turnover of Rs. 2bn for the first time in history in 2003.
-2004: The Company Abbotsleigh Estate receives awards for – most number of top prices, Best Average and all time record prices for BOP BOPF. Dickoya Estate receives awards for best performance in Hatton/Dickoya region in 2004.
-2005: The CompanyHenfold Estate receives highest net sale average for Lindula/Agarapathana sub districts in 2005.
-2006: The Company First Runner-up in the best annual reports awards competition held by ICASL. Expansion to Oil palm plantations in 2006.
-2007: The Company awarded CTTA Specialty Tea Award of Excellence for most number of top prices for Western CTC High Grown Teas.The first plantation company to be awarded Business Superbrands Status. Diversification to Dairy Farming in 2007.
-2008: The Company establishment of Spice Garden at Carolina Estate in 2008.
-2009: The Company gold Award for Business Excellence in the Agriculture and Plantations Sector. Six tea gardens won best Prices at John Keells Forbes Walker Tea Brokers Annual Award Ceremonies in 2009.
-2010: The Company won National Quality Merit Award, by Sri Lanka Standard Institute in the medium scale manufacturing company. Lippakelle Estate won the award for the most number of top prices for High Medium Category in 2010.
-2011: The Company won the Gold Award for the Best Presented Accounts in Agriculture sector by South Asian Federation of Accountants (SAFA) held in Dhaka, Bangladesh. Waltrim, state of the art tea factory was newly constructed and commissioned in 2011.
-2012: The Company won the Bronze Award at JASTECA CSR Awards.The Training opportunity given to Palm Oil Assistant Managers saw the light of Innovating a new Clamp for Telescopic Oil Palm Harvesting Pole, totally made by locally available material in 2012.
-2013: The Company recipient of the Gold award at the Sri Lanka Institute of Training Development (SLITAD) People Development Award .The Company's 6th Annual Report Gold Award Certifications in 2013.
-2014: The Company In a bid to take the sustainability route in Palm Oil production a steam turbine was introduced to the production facility, which eased the burden off the National Grid in 2014.
-2015: The Company was Managing the Best Garden Mark Teas in Sri Lanka, Kenilworth, Waltrim, Adisham, Henfold and Dickoya. The Company won the GOLD award under Large category Manufacturing sector, at the SLBCC (Sri Lanka China Business Co-operation Council) Business Star Awards. The Company won the GOLD award under Agriculture sector, at the SAFA Best presented Annual Report Award.Kenilworth VTC won the Award for Promoting employment for the physically challenged at the CSR Leader ship award in Dubai in 2015.
-2017 : The Company was incorporated on September 14, 2017, when the government of Sri Lanka decided to privatize the “Management” of the then existing 22 Regional Plantation Companies which consisted of Tea, Rubber, Coconut Palm Oil. This paved the path for a strategic joint venture between Hatton Plantations PLC and Tata Tea Ltd. of India. With this the plantations that came under its wings, received a new lease of life in terms of latest technology, financial stability and personal care where the workers are concerned, by effectively engaging in uplifting the life of the community economically, socially and culturally on September 14, 2017.
-2018 : The Company was listed in Colombo Stock Exchange (“CSE”) on February 2, 2018.
-2021: The Company has made an offer to purchase 95.43 of the shares of Mark Marine Services (Private) Limited (“MMSPL”) a hydro power generation company, on June 21, 2021.

Headquarters
No. 168, 2Nd Floor, Negombo Road, Peliyagoda
Colombo; Western Province; Postal Code: 03

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Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2017
Key Executives
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Chairman
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Managing Director
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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0.76%
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0.74%
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0.39%
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0.23%
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0.06%
Subsidiaries
Marine Services (Private) Limited
Company Performance
Financial values in the chart are available after Hatton Plantations Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency LKR. Absolute financial data is included in the purchased report.
Net sales revenue
-18.28%
Total operating revenue
-18.32%
Operating profit (EBIT)
1967.81%
EBITDA
558.65%
Net Profit (Loss) for the Period
3624.05%
Total assets
3.98%
Total equity
9.36%
Operating Profit Margin (ROS)
22.22%
Net Profit Margin
16.35%
Return on Equity (ROE)
5.53%
Debt to Equity Ratio
-9.48%
Quick Ratio
0.45%
Cash Ratio
0.38%

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