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INTERIM REPORT SIXTHREE MONTHS MONTHS ENDED ENDED 30TH 30TH SEP JUNE- TEMBER2020 2020 CEO Message

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INTERIM REPORT SIXTHREE MONTHS MONTHS ENDED ENDED 30TH 30TH SEP JUNE- TEMBER2020 2020 CEO Message INTERIM REPORT SIXTHREE MONTHS MONTHS ENDED ENDED 30TH 30TH SEP JUNE- TEMBER2020 2020 CEO Message Dear Shareholder, I am pleased to share Expolanka Holdings PLC’s Interim Financial LeisureThe Contract Sector Logistics business also rose up to the challenging I am pleased to share with you the Interim Financial statements for statements for the quarter ended 30th September 2020. Your environment during the quarter. The momentum in stability and the Quarter ended 30th June 2020. The Financial year commenced As a result of the prolonged airport closure, the performance company was able to continue its exceptional performance in the growth that was maintained in the previous years continued during quarterwith much under uncertaintyreview, largely surrounding as a result ofour a focused business and operations consistent of the sector was significantly impaired during the quarter. The strategyglobally. Mostalong of with our thekey abilitylocations to stayand agileoffices and around optimize the worldthe sectorthe quarter focused under on review restructuring as well. its business operations with a opwitnessedportunities strict presented lockdown in this measures dynamic operatingwhich resulted environment. in an view to optimize opportunities when normalcy returns. From a unprecedented disruptions to global supply chains. We took quick portfolio perspective, the company has identified the need to focus Themeasures group to delivered adopt to a the Revenue new normal of Rs. ensuring 49.1BN thatwith our a gross customers profit Leisureits operations Sector on innovative solutions and experiential travel ofand Rs10.5BN business partners and a Profit are serviced after Taxin the of mostRs. 4.5BNefficient for and the effective quarter requirements. endedmanner. 30th I am September pleased to 2020.note that as a testament to our continued The performance of the sector was significantly impaired during the The above has resulted in the group generating a Revenue of Rs The robust cost restructure initiative has enabled the sector to 85.3BNfocus on and the corea Profit business after andTax followingof Rs 6.3BN an agile for the business first strategy,half of the quarteroperate asin aa result lean ofand global efficient travel restriction.manner whilst Given safeguarding that it was thenot financialyour company year. was able to deliver impressive results during the possibleBrand. to effectively operate the business during the quarter, the quarter under review. focus of the sector remained in identifying avenues to reduce cost. Logistics Sector TheInvestment sector was Sector able to implement a robust restructure program The group was able to generate a Revenue of Rs. 36.2BN (+58% YoY) enabling the organization to become more lean and efficient with Your company’s long term strategy to expand customer base, renewedThe sector focus remained on its stablecore operations, during the quarterthe corporate generating travel a Revenuebusiness. as a result of the strong performance of the logistics operations, diversifyenabling theservice group portfolio,to generate strengthen a Gross Profit origin of Rs. performance, 6.2BN (+36% Takingof Rs. a635MN, long term with view the & largeststrengthening contribution its core coming operations, in from the export operations. The pandemic situation in Sri Lanka continued consoliYoY). Thedate growth procurement in Gross profits function coupled and with invest short in termtechnology cost saving has sector will now look to optimize performance of its overall been the pillars of our strong performance in these uncertain to impact the performance of the company. The export segment times.measures propelled the group to deliver a Profit After Tax of Rs. operationscommenced once an internal Travel restrictions restructure toare adapt eased. itself to the operating 1.7BN (+486% YoY). environment. The technology servicing arm of the sector demonstrated EFL continued servicing surging demand for emergency supplies strong progress by expanding its customer portfolio and market suchLogistics as Personal Sector Protective Equipment (PPE) particularly in the presenceInvestment within Sector the Sri Lankan market. first half of the quarter under review. With economies opening up, weServicing witnessed a diversified the gradual portfolio return of ofcustomers, regular businessthe sector whilst delivered PPE a WeThe remainsector remainedvigilant towards stable duringuncertainties the quarter in the generating business a orders appeared to be gradually easing. environment. As an organization, we will follow through on our Revenue of Rs. 35.6BN (+64% YoY). Although overall volumes across Revenue of Rs. 549MN, with the largest contribution derived longfrom term the strategyexport operations. and endeavour We towere remain once close again to faced our cus with- Withall verticals reduced remained airfreight subduedcapacity asdue a toresult low of demand global supply from regular chain tomers and business partners whilst managing our operations international markets remaining closed during the reporting disruptions,operations, thewe weremarket able remained to optimize aggressive on opportunities with strong servicing freight the proactively. period and export operations being fairly muted. ratesrequirements visible throughoutof both existing the quarter.& new customers.Backed by One a proactiveof the key pro opportunities curement strategy,that was EFLpresented continued was the generating need to provide strong logistics yields In conclusion, I take this opportunity to thank you, our shareholders duringsolutions the quarter.for Personal Protective Equipment (PPE) and related forAlthough your unwavering most economies support, are confidence now opening and up trust and that operating you have at shipments. Optimizing our strengths through our origins and our shownvarying us levels, during Ithese would uncertain like to times, caution and assurethat the you business of our Anlong-standing unrelenting relationship collaborative with effort our carrier by the partners, Sales, EFLProcurement was able to commitmentenvironment to continues creating value. to remain very dynamic and uncertain. andensure Origin that functions all PPE shipments together werewith thedelivered relationships to our customersEFL has built on As an organization, we will endeavour to remain close to our over several years enabled the company to secure capacity in customers & business partners and will continue to manage our challengingtime without times, any disruptions ensuring customer to the operations orders were of our delivered customers. and We operations proactively. mitigatingalso expanded disruptions our verticals to their offeringrespective logistic supply support chains. to Tech and Pharma customers. With the gradual opening up of economies from FromMay, we a producthave seen perspective, the return of regularthe main business growth from in ourbusiness custom wasers. In conclusion, I take this opportunity to thank you, our shareholders visibleBy meeting on thecustomer Air Freightrequirements portfolio, during withthis period, significant we have yieldbeen for your unwavering support, confidence and trust that you have improvement during the quarter. shown us during these uncertain times and assure you of our able to further entrench ourselves with our existing customers as Thewell keyas secureNorth America & solidify trade new lane relationships remained the with largest a range contributor of new continued drive to create value. ofcustomers. business whilst the Europe & Intra Asia trade lanes were sluggish during the quarter under review. AllDuring origins this have time, performed most Ports exceptionally and Airports well were and not supported operating the at initiativesusual levels undertaken or were shut by thedown company leading into thereduced face capacityof dynamic for marketFreight. conditions. This resulted The in Indian an extraordinary sub-continent Airfreight market sawmarket a resilient which turnaroundresulted in duringsignificantly the quarter, higher whilst Air Freight the Far rates East in markets particular continued during tothe grow. period. The above coupled with dynamic procurement strategies Theenabled Contract EFL Logisticsto secure business relatively sustained higher stableyields growth across during all its theoperations. quarter under review. A renewed focus on EFL’s tech capabilities, namely its ERP platform andOur automationUS Trade Lane initiatives, operations drove was further the mostefficiencies. active during the period Theas we sector continued implemented to make inroadsboth short into andexpanding long term our initiativescost reduction in the measures,market. The which Intra enabled Asia and an Europe improvement Trade Lanes in overall remained Net Margins. stable, operating at muted levels. The above resulted in the sector, delivering a Year to date Revenue ofYour Rs. company 84BN, aalso Gross expedited Profit severalof Rs. other16.5BN initiatives and a Profit on the after Digital Tax offront Rs 6.7BN.in particular with a focus to enhance the efficiency and productivity of our overall operations. The company will continue to Hanif Yusoof The impressive growth in the Air Freight market which was witnessed HanifGroup Yusoof CEO duringexplore the further first avenues half of thein optimizing financial itsyear Investments is returning in toTechnology normalcy Group CEO andto derive the company optimum isefficiency mindful andthat also yields enhance are likelyvisibility, to taperconnectivi off asty 12 August 2020
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