Property & Construction · Construction Materials
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2025 | Rs 62.9M | Rs 27.9M | 0.01 |
| 2024 | Rs 29.3M | Rs 18.9M | 0.01 |
| 2023 | Rs 55.0M | Rs 147.8M | 0.04 |
| 2022 | Rs 35.4M | Rs 229.0M | 0.06 |
| 2021 | Rs 108.1M | Rs 117.2M | 0.03 |
| 2020 | Rs 402.4M | Rs 177.5M | 266.33 |
| 2019 | Rs 151.3M | Rs 15.8M | 23.67 |
Industrial Asphalts (Ceylon) PLC is an investment holding company listed on the Colombo Stock Exchange. The company holds interests in various ventures and investments, including activities in the bitumen space as noted in its CSE activity description. Its business is focused on managing and overseeing strategic investments related to construction materials and associated ventures; operational control and execution are carried out by the Executive Director and the management team under the oversight of the Board of Directors. The company operates in Sri Lanka and maintains corporate governance and regulatory compliance in line with the Colombo Stock Exchange listing rules, supported by Board sub-committees and a Senior Independent Director role to strengthen oversight.
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Generate an analysis →11 articles in 30 days: 3 positive, 1 negative, 7 neutral.
Arcasia Investment & Trading Ltd. and ATX Partners launched a voluntary offer to buy all issued shares of Industrial Asphalts at 40 cents per share, securing binding undertakings for 50.16% of the company. The offer will convert to a mandatory offer once those acceptances are tendered; the stock last traded at 60 cents.
Arcasia Investment & Trading Ltd and ATX Partners agreed to acquire a 50.16% stake in Industrial Asphalts and will make a voluntary offer of LKR0.40 per share to remaining shareholders. The consortium bought ~1.8807bn shares at LKR0.40; shares last traded at LKR0.70 and assets were LKR0.47/share (end‑March 2026).
Arcasia Investment & Trading and ATX Partners bought 1,880,693,010 shares (50.16%) of Industrial Asphalts at LKR0.40 per share and will make a voluntary offer for the remaining shares, subject to regulatory approval. The stock last traded at LKR0.70.
Arcasia Investment & Trading Ltd and ATX Partners have entered binding agreements to acquire a 50.16% controlling stake (1.88 billion shares) in Industrial Asphalts, triggering a Mandatory Offer; the offer price and terms will be announced after SEC approval.
Arcasia Investment & Trading and ATX Partners will acquire a 50.16% controlling stake (1,880,693,010 shares) in Industrial Asphalts (ASPH.N0000), triggering a mandatory offer for the remaining ordinary voting shares; offer terms await SEC approval.
Industrial Asphalts sold 1,800,693,010 shares (48.03% control) to Arcasia Investment & Trading and ATX Partners (agreement dated July 7); trading was halted and the stock last traded at 50 cents.
Sri Lanka's construction PMI rose in June, signaling expansion, though firms cited skilled labor and bitumen shortages. Cabinet cleared procurement for Phase 1 of the Ruwanpura Expressway and approved 23 regional industrial projects. Treasury allowed repricing of state contracts to reflect higher costs. In property, high-end condos led Q1 sales while volumes fell.
Auto-generated from 29 sector news articles over 30 days. Not investment advice. 2 more stories on the sentiment page.