Sathosa Motors PLC 2021 AR2
The report highlights Sathosa Motors PLC's performance for the fiscal year 2020/21, during which the company navigated severe challenges from the COVID-19 pandemic and a domestic vehicle import ban. Despite a 7.7% drop in revenue to LKR 2,363 million, the company achieved a net profit of LKR 5.4 million, reversing a loss of LKR 81 million from the previous year. This recovery was driven by a historic high in spare parts revenue and a 20% increase in workshop contribution. Additionally, the company expanded its regional footprint by opening a new branch in Negombo, diversifying into the marine engine sector.
Company: Sathosa Motors PLC
Sector: Wholesale & retail
Country: Sri Lanka
Year: 2021
Type: AR2
Pages: 192
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Sathosa Motors PLC
Annual Report
The report highlights Sathosa Motors PLC's performance for the fiscal year 2020/21, during which the company navigated severe challenges from the COVID-19 pandemic and a domestic vehicle import ban. Despite a 7.7% drop in revenue to LKR 2,363 million, the company achieved a net profit of LKR 5.4 million, reversing a loss of LKR 81 million from the previous year. This recovery was driven by a historic high in spare parts revenue and a 20% increase in workshop contribution. Additionally, the company expanded its regional footprint by opening a new branch in Negombo, diversifying into the marine engine sector.
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Document Details
Report Year
2021
Reporting Period
Apr 1, 2020 - Mar 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Women in Management
Employees