Vallibel One

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Vallibel One
TypePublic
ISINLK0389N00003
IndustryConglomerate
FoundedJune 9, 2010; 11 years ago (2010-06-09)
FounderDhammika Perera
HeadquartersLevel 29, West Tower,
World Trade Centre, Echelon Square,
Colombo 1,
Sri Lanka
Area served
Worldwide
Key people
RevenueIncreaseLKR44,972 million (2020/21)
IncreaseLKR22,472 million (2020/21)
IncreaseLKR14,689 million (2020/21)
Total assetsDecreaseLKR240,132 million (2020/21)
Total equityIncreaseLKR62,556 million (2020/21)
Owner
Number of employees
13,915 (2020/21)
Subsidiaries
Websitewww.vallibelone.com
Footnotes / references
[1]

Vallibel One PLC is one of Sri Lanka's largest conglomerate companies. The company controls a massive subsidiaries chain and listed on the Colombo Stock Exchange since 2011. It has a market capitalisation of approximately Rs. 26.95 billion.[2] The company wholly owns LB Finance, Royal Ceramics Lanka, and Delmege Group. The company was included in S&P SL 20 index in 2018.[3]

History[]

The Vallibel One PLC was founded by Sri Lanka business tycoon Dhammika Perera in 2010. In 2010, the company acquired Royal Ceramics Lanka PLC, LB Finance PLC, and Greener Water Limited as its subsidiary companies and a stake in Sampath Bank as a long-term strategic investment. Royal Ceramics Lanka PLC was listed under Forbes “Asia’s Best Under a Billion” during the year. In 2011, Vallibel One PLC acquired Delmege Group, a highly diversified conglomerate. The company moved headquarters to a new 16-storey building in Kollupitiya. The company was awarded by LMD as the most respected finance company in Sri Lanka in 2019. The company is the fastest to cross the Rs. 1 billion profit mark in 2019.[4] In 2014, Australian gambling tycoon James Packer's Crown Casino planned to start a joint venture project with Vallibel One, its value more than US$300 million, but the project was rejected by the Government of Sri Lanka.[5] Dhammika Perera bought a majority stake in Hayleys Group and brought it under Vallibal One as a subsidiary in 2015.[6] The Fortress Resorts, a subsidiary of Vallibal One is planned to build a Rs 2 billion 5-star hotel in Weligama.[7] The company is also planned to construct a US$60 million integrated five star resort in Negombo. The project falls under the subsidiary, Greener Water and Singapore-based WATG carried out the initial designs.[8] Vallibel One's subsidiary, LB Finance recorded a Rs 7.8 billion profit before tax in 2018.[9] Vallibel One held a 15% stake in the third-largest private bank in Sri Lanka, Sampath Bank.[10]

Ceramics industry[]

Vallibal One main resource of ceramics products. Royal Ceramics Dhammika Perera early start-up company. It is Sri Lanka's leading tile manufacturer. The company was established in 1990. First factory located in Eheliyagoda. Royal Ceramics lunch under the trade name of "Rocell". This was followed by the commencement of Royal Porcelain (Pvt) Limited in 2002, Rocell Bathware in 2009 and the acquisition of Lanka Ceramics in 2013 through which the brand ‘Lanka Tiles’ became part of the Rocell Group of Companies, further strengthening the group's competitive position in the tile industry. Rocell received the CNCI Award in 2019. Royal Ceramics' revenue rose to Rs. 31.5 billion at the end of 2019. Rocell was named as one of the top 20 best brands in Sri Lanka in 2018.[11]

Subsidiaries[]

Vallibel One PLC operating subsidiaries
Company Sector Ownership %
Greener Water Hospitality 100
Delmege Group Conglomerate 51
Royal Ceramics Lanka Ceramics 55.96
LB Finance Financial 51.75
The Fortress Resorts Hospitality 18.59

Source: Annual Report, 2020/21[1]

References[]

  1. ^ a b "Annual Report 2020/21" (PDF). cse.lk. Vallibel One PLC. Retrieved 10 December 2021.
  2. ^ "Vallibel One PLC, VONE.N0000:CSE summary - FT.com". markets.ft.com. Retrieved 2020-12-21.
  3. ^ "Vallibel One PLC opens trading at CSE to mark S&P SL 20 inclusion". Adaderana Biz English | Sri Lanka Business News. 2018-07-04. Retrieved 2020-12-21.
  4. ^ "Vallibel Finance to build 16-storey headquarters". Daily News (Sri Lanka). 12 December 2019.{{cite news}}: CS1 maint: url-status (link)
  5. ^ "Sri Lanka won't oppose casino in Packer's $400 mln Crown resort". Reuters. 9 May 2014.{{cite news}}: CS1 maint: url-status (link)
  6. ^ "Dhammika ups stake in Hayleys". Daily Mirror (Sri Lanka). 2 December 2015.{{cite news}}: CS1 maint: url-status (link)
  7. ^ "Sri Lanka's Fortress Resorts to build Rs2.1bn 5-star hotel in Weligama". LBO. 27 December 2016.{{cite news}}: CS1 maint: url-status (link)
  8. ^ "Vallibel to construct $60mn integrated resort in Negombo". Daily Mirror (Sri Lanka). 21 October 2015.{{cite news}}: CS1 maint: url-status (link)
  9. ^ "LB Finance records Rs 7.8 bn PBT in FY18". Daily News. Retrieved 2020-12-21.
  10. ^ "Sampath Bank 4Q net up 15% to Rs.1.53 billion over higher loan growth & other incomes". www.dailymirror.lk. Retrieved 2020-12-21.
  11. ^ "Rocell amongst Top 20 Best Sri Lankan Brands". www.dailymirror.lk. Retrieved 2020-12-23.
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