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LAUGFS Gas information


LAUGFS Gas PLC
Company typePublic
Traded as
CSE: LGL.N0000
ISINLK0371N00001
IndustryEnergy
Founded2000; 24 years ago (2000)
Headquarters
Colombo
,
Sri Lanka
Key people
  • W. K. H. Wegapitiya (Chairman)
  • Thilak De Silva (Deputy Chairman)
  • Piyadasa Kudabalage (Managing Director)
RevenueDecrease LKR34,597 million (2022)
Operating income
Decrease LKR(2,276) million (2022)
Net income
Decrease LKR(3,982) million (2022)
Total assetsIncrease LKR57,703 million (2022)
Total equityIncrease LKR6,189 million (2022)
Owners
  • LAUGFS Holdings (74.02%)
  • Employees' Provident Fund (17.82%)
Number of employees
344 (2022)
ParentLAUGFS Holdings
SubsidiariesSee text
Websitewww.laugfsgas.lk
Footnotes / references
[1]

LAUGFS Gas PLC is a liquefied petroleum gas (LPG) company based in Sri Lanka. The company commenced operations in 2001 and in 2010, was listed on the Colombo Stock Exchange following an initial public offering. LAUGFS Gas expanded its operations to Bangladesh and the United Arab Emirates. In 2019, the company opened an LPG terminal at the Hambantota International Port, the largest of its kind in South Asia. LAUGFS Gas is ranked 33rd in LMD 100, an annual list of Sri Lankan listed companies by revenue. The Sri Lankan economic crisis heavily affected the operations of the company. Difficulties in securing foreign exchange have resulted in the disruption of LPG imports, shortages in the market and long queues. The company controls a number of subsidiaries but divested its Bangladesh operations in November 2022.

  1. ^ "Annual Report 2021/22" (PDF). cse.lk. LAUGFS Gas PLC. Retrieved 12 December 2022.

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