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Lanka Milk Foods information


Lanka Milk Foods (CWE) PLC
Company typePublic
Traded as
CSE: LMF.N0000
ISINLK0112N00009
IndustryFood
FoundedNovember 12, 1981; 42 years ago (1981-11-12)
Headquarters
Ragama
,
Sri Lanka
Key people
  • Harry Jayawardena (Chairman)
  • Sasanka Perera (Group CEO)
Brands
  • Lakspray
  • Ambewela
  • Daily
  • Daily Activ
  • My Juicee
  • BLU
RevenueIncrease LKR9.772 billion (2022)
Operating income
Increase LKR1.588 billion (2022)
Net income
Increase LKR1.065 billion (2022)
Total assetsIncrease LKR16.734 billion (2022)
Total equityIncrease LKR11.433 billion (2022)
Owners
  • Milford Exports (33.57%)
  • Melstacorp (32.09%)
Number of employees
741 (2022)
SubsidiariesSee text
Websitewww.lmfgroup.lk
Footnotes / references
[1]

Lanka Milk Foods (CWE) PLC is a dairy products manufacturing company in Sri Lanka. Lanka Milk Foods was a subsidiary of the Co-operative Wholesale Establishment (CWE) which later converted to a joint-stock company. The company was incorporated in 1981 and listed on the Colombo Stock Exchange in 1983 with Sri Lankan Government holding the majority of the shares. The Stassen Group acquired a controlling stake of 51% in the company in 1991. Lanka Milk Foods's subsidiary, Lanka Dairies, introduced flavoured ready-to-drink milk to the market in 1996. Ambewela Farm and New Zealand farm were acquired by Lanka Milk Foods in 2001. In 2020, the company planned to invest LKR3 billion in a new dairy farm in Ambewela to expand production. Lanka Milk Foods is one of the LMD 100 companies in Sri Lanka. Lakspray, a Lanka Milk Foods brand listed among the 100 most valuable brands in Sri Lanka in 2020. Lanka Milk Foods stand to benefit from consumers switching from milk powder to fresh milk.

  1. ^ "Annual Report 2021/22" (PDF). cse.lk. Lanka Milk Foods (CWE) PLC. Retrieved 31 January 2023.

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