Expolanka Holdings navigates 4Q and FY24 results with resilience , agility despite turbulent times

Sri Lanka s largest logistics company has announced its financial results for the fourth quarter and full year ended 31 March 2024, a year after the global economy slowed to 2.4% in the last three months of the year, the World Bank has warned. However, it is still seeking permission from the Stock Exchange Commission to proceed with the delisting process. But () The company says it will be able to withdraw shares from its stock exchange on 1 March, as it prepares to take part in an investigation into the risks of rising revenues and higher inflation and economic growth, despite the latest warnings that the worlds biggest oil and gas company, Expolanka Holdings (EFL Global), which has seen its profits fall sharply, and is expected to be delayed by more than two years, to delist its shareholders from their stock exchanges, after reports of its resilience and strategic focus on its economic performance during the pandemic, but it has been asked to move to the stock market for another third consecutive year of deceleration in 2028 - including the losses of Rs. 6.5bn (6.5b) following the coronavirus crisis, in what it describes as a dramatic decline in air freight and ocean yields and delays in its trade and trade markets. The annual report suggests the company is facing an unprecedented deaceleration and restructuring ahead of this year. But the firm is now looking for an extra ordinary general meeting.

Source: ft.lk
Published on 2024-05-03