ExpolankaHoldingsPLCAR2021-22.pdf - Flipbook - Page 37
EXPOLANKA HOLDINGS PLC
INTEGRATED ANNUAL REPORT 2021/22
It is with great pleasure that I present to you the
annual report and financial statements of Expolanka
Holdings PLC for the year ending 31st March 2022.
Challenges bring out the best in people and this is
reflected in the exceptional performance that was
delivered by Expolanka Holdings PLC. During the
concluded financial year, the company overcame
with a great degree of success, several factors which
had impacted the business. The diligent and resilient
approach adopted by Expolanka enabled the company
to deliver its best-ever historical financial results. I
strongly believe these results are a culmination of a
very consistent long term strategy adopted by the
company, which has been executed effectively and
efficiently whilst this is also a strong validation of our
decision to adopt a growth-based strategy focused on
our logistics sector, which has remained the key driver
of our business over the last several years.
The macro-environment remained dynamic
throughout the year with global markets adopting to
pandemic impacts, geopolitical tensions, and several
localized and regional economic challenges. Given
the above, it was important to ensure that Expolanka
as a global organization was able to steer its business
operations effectively and efficiently.
The tremendous response to the above reflects the
hard work, effort, and spirit demonstrated by the
leadership team and our entire workforce which I
believe was a defining factor enabling us to go from
strength to strength in delivering these results. I would
like to place on record my sincerest appreciation to
all “Expolankians” for this remarkable effort in bringing
this success to our organization.
Whilst the financial results speak volumes of our
success, the holistic approach to our business
cannot be underscored, where our attention towards
our organizational profile, governance framework,
policies, and sustainability has paved the way for
Expolanka to create true stakeholder value.
Represented by EFL, our largest business, the
logistics sector was the catalyst of the performance
of the group. Our robust, steadfast, and consistent
strategies were instrumental in enabling EFL to perform
exceptionally well, producing yet another recordbreaking performance during the year under review.
Our key market, North America operations were
once again the largest contributor to the business.
Our commercial initiatives were well supported by
our procurement function and our origins across the
globe enabling the sector to optimize its performance.
The entire EFL network banded together as one
unified, global company in working tirelessly, enabled
with a singular goal in mind to create value for all
our stakeholders, including customers, partners,
shareholders, and employees alike.
EFL is essentially, a people business, and our
investments over the years to ensure we have the
right people across our network in various roles and
capacities, performing their responsibilities in the
best and most efficient manner truly paid off this past
year. I believe it was the strength of our people at EFL
and our inherent “dare to do” spirit, that was the key
driving force behind the success witnessed by the
organization during the year.
the year under review. "Classic", the Group's iconic
leisure brand focused its effort to become more
efficient, and leaner and undertook key restructuring
initiatives to improve its internal efficiencies to tap
into opportunities that will open up in time to come.
Focusing on its core business, the sector was able
to capture market share whilst continuing to innovate
new products and solutions focused on delivering an
experiential travel offering to its customers.
Meanwhile, it is also very pleasing to note that the
Investment Sector made satisfactory progress despite
A KEY CONTRIBUTOR TO THE NATIONAL
Expolanka’s business interests span several key
industries of the national economy. Being amongst Sri
Lanka’s largest logistics companies Expolanka plays
a pivotal role in facilitating the growth of the export
industry in Sri Lanka. Furthermore, the company
operates as a net foreign exchange earner which
generates a significant share of its revenues from
international markets. The company also plays a
leadership role in the Leisure industry across both
its inbound and outbound operations facilitating the
tourism industry as well as the corporate travel market.
In its Investment sector Expolanka operates as one of
the leading exporters of coconut based products and
value added products to international markets whilst
its technology arm provides a range of technology
solutions to various organizations further contributing
towards the digitalization of the local economy.
ENVIRONMENT, SOCIAL, GOVERNANCE
The strategy implemented by the group’s Leisure
sector last year to build toward the future has
enabled the sector to deliver stable results during
As a holistic organization, Expolanka has developed
an evolving Environment, Social & Governance
framework (ESG). Special emphasis was placed on