Exterminators report best 1Q FY23 since its inception

Exterminators PLC, Sri Lanka’s premier pest management and environmental technology company announced its interim financial results for the 1st quarter of the FY23. The revenue increased by 26%, gross profit by 20%, operating profit by 13%, profit before tax by 84%, net profit by 49% and the comprehensive income by 991% in the 1Q of the financial year 2023. The earnings per share increased by 12% and the net assets per share increased by 27% in the 1Q of the financial year 2023 even during the prevailing crisis.

The total dividend payout for the FY22 was Rs. 0.16 per share, which is 29.7% of the PAT, the company will issue the final dividend payment of Rs. 0.07 per share in early September according to the announcement made to the CSE on 28th July 2022. Holding a legacy of over 24 years, as a specialized pest control service provider, Exterminators has helped prevent diseases, control pests, and protect homes and businesses by developing, delivering and articulating efficient and sustainable environmental enhancement and public health protection solutions.

Exterminators currently operates with three branches in Colombo, Kandy and Dambulla. The Company aims expansion to expand its network by setting up branches in Hambantota, Galle and Jaffna to capture opportunities within these areas of potential future development while setting up a premier Customer Center in the heart of Colombo. The Company will also franchise its business to the Northern and Eastern Provinces. The Company has identified opportunities in Maldives with many leisure sector establishments requiring pest control services.