United Motors Lanka PLC 2021 AR2
The report highlights United Motors Lanka PLC's performance during the 2020/21 fiscal year, showcasing a significant turnaround with a Group profit after tax of LKR 504 million compared to a loss of LKR 410 million in the previous year. Despite import restrictions on vehicles, the company successfully expanded its local vehicle assembly operations and workshop services, with the DFSK brand capturing a 20% market share in the SUV segment. The Group also made progress in its environmental initiatives, generating 2,982 MWh of electricity from its 2MW rooftop solar power plant, of which 2,487 MWh was supplied to the national grid. Additionally, the company prioritized employee safety and well-being during the COVID-19 pandemic, maintaining employment and salaries without downsizing.
Company: United Motors Lanka PLC
Sector: Consumer Discretionary
Country: Sri Lanka
Year: 2021
Type: AR2
Pages: 208
United Motors Lanka PLC
Annual Report
The report highlights United Motors Lanka PLC's performance during the 2020/21 fiscal year, showcasing a significant turnaround with a Group profit after tax of LKR 504 million compared to a loss of LKR 410 million in the previous year. Despite import restrictions on vehicles, the company successfully expanded its local vehicle assembly operations and workshop services, with the DFSK brand capturing a 20% market share in the SUV segment. The Group also made progress in its environmental initiatives, generating 2,982 MWh of electricity from its 2MW rooftop solar power plant, of which 2,487 MWh was supplied to the national grid. Additionally, the company prioritized employee safety and well-being during the COVID-19 pandemic, maintaining employment and salaries without downsizing.
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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
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees