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Dhammika...
Daily FT
|September 08, 2025
LAUGFS, which recently celebrated its 30th anniversary, has interests in over 25 industries employing 3,500 employees, and an annual turnover exceeding Rs. 160 billion across energy, retail leisure, manufacturing, logistics, pharmaceuticals, engineering, and trading in Sri Lanka, Bangladesh, the UAE, USA, and Netherlands.
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For Dhammika, the addition of LAUGFS comes hot on the heels of him acquiring control of East-West Properties PLC for Rs. 3.2 billion, as well as DHT Cement Ltd,, for $ 20 million via Vallibel X.
His business empire includes Sri Lanka's most diversified conglomerate Hayleys PLC, which includes several other listed companies such as Singer PLC, his first investment holding company Vallibel PLC, which owns stakes in Delmege Ltd, Royal Ceramics PLC, and Lanka Tiles PLC, whilst holding key stakes in ‘Sampath Bank PLC, Pan Asia Banking PLC, LB Finance, and Vallibel Finance.
This story is from the September 08, 2025 edition of Daily FT.
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