Business

Exterminators PLC marks 25 years in business

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Marlon Ferreira – Founder and Errol Weerasinghe and Malik J. Fernando with the agreement Managing Director

Exterminators PLC, pest technology and environmental enhancement technology company celebrates 25 years of business excellence. In 1998, Exterminators embarked on a journey to build a brand to determine their own destiny with an initial investment of Rs. 75,000 and just one man with a spray gun and a motorbike. Today, the company is recognised as a leader in innovation, technology, sustainability, and governance in the SME sector in Sri Lanka and emerging and developing markets, employing 40 employees and operating from four locations throughout the island.

In 2022, the company created history by becoming the first pest management company in emerging and developing markets to be listed in a stock exchange and repeated history once again by migrating to the ‘Diri Savi Board’ in just eight months upon listing. Since going public, the company has created immense value for all stakeholders.

The dividend payout in 2022 was LKR 52 million, which included a cash dividend of LKR 31 million and a scrip dividend amounting to LKR 17.4 million. As of present, the capital gains are at 84 percent since April 1, 2022.

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