Exterminators’ revenue increased by 16% in 4Q and by 12% in FY22

Exterminators Ltd., pest management and environmental technology specialists and Colombo Stock Exchange new entrant, has announced impressive financial results for the 4th quarter and the FY22.The revenue increased by 16% in the fourth quarter and by 12% in FY22, while GP increased by 20% in the fourth quarter and by 9% in FY22.

EBIT increased by 55% in the 4th quarter and by 29% in FY22. Although the revenue increased, the company was able to reduce the admin expenses by 4% and S&D expenses by 2% in FY22 due to efficient business management practices and digital pest management technology. PER ratio stands at 7.9 times as at 31March. PBV has further improved to 1.95 in FY22. NAV value which was 1.43 in FY21 increased to 2.66 in FY22 to further strengthen its equity base.Dividend pay-out for the first nine months ended 31 December 2021 amounting to Rs. 4,441,627.20 which was 27% of PAT.

Exterminators Founder and Managing Director Marlon Ferreira said. ” The company is planning to further enhance its service standards while mitigating prevailing inflationary impact by creating synergies via digitalised route optimisation systems, mobile applications and ‘Exterminators E-Connect’ customer web portal to digitalize pest management and environmental enhancement services provided by the company which will positively impact the bottom-line despite the present economic crisis.