Exterminators net profit up 120% in 2Q FY23 | Sunday Observer

Exterminators net profit up 120% in 2Q FY23

20 November, 2022

Exterminators PLC, a pest management and environmental technology company, released its interim financial results for the second  quarter of FY23. During 1Q of the FY23 revenue increased by 58%, gross profit by 50%, operating profit by 67%, profit before tax by 90%, net profit by 120%.

Earnings per share increased by 67% and the net assets per share increased by 29%.

The comprehensive income increased by 530% in the 1H of FY23.

The company made a scrip dividend to capatalise reserves by issuing 2,852,459 ordinary voting shares at the proportion of 1 share for every 17.5287357329 shares, amounting to Rs. 17.4 million in September 2022.

Chairman, Exterminators Chaaminda Ratnayake said, “Our long-term sustainability and resilience as an institution is the result of not only successfully executing our strategy but also more importantly building a strong foundation of compliance. Guided by our values we have consistently focused on achieving excellence in compliance.”

Managing Director, Exterminators, Marlon Ferreira, said, “We plan to move across borders throughout emerging and developing markets to colonise our proven, recognised brand and business model to help communities to enhance living standards. In South Asia, Southeast Asia, Central Asia, Middle East, Africa and pacific island nations via direct investment, joint ventures, and international franchising.”