Exterminators to list on the Colombo Stock Exchange

Marlon Ferreira Founder Managing Director

Sri Lanka’s premier environmental enhancement solutions provider announces that the company is planning to list on the Colombo Stock Exchange, subject to obtaining relevant regulatory approvals in the near future.

Exterminators is Asia’s 1st carbon neutral pest control service provider and believed to be the world’s 1st carbon neutral disinfection service provider, winner of 57 national and nternational awards and the eight-time champion SME brand in Sri Lanka. Since 1998 Exterminators as a brand has helped prevent diseases, control nuisances and protect homes and businesses. Exterminators provides integrated pest management, termite management, mosquito management, disinfection and sanitation services.The company is the local distributor for one of the world’s leading environmental brands manufacturer Pelsis-UK for over a decade and distributes a wide range of premier environment enhancement brands such as electric fly killers, non-chemical bird control, rodent control and mosquito control.

The company plans to offer a 20% equity stake to the general public via the IPO. The funds will be mainly utilized to expand its branch network, invest in novel application equipment, technology and in non-chemical energy saving environmentally sustainable brands. Manager to the Issue of the IPO will be Atarah Capital Partners. The company’s revenue grew by 17% FY 20-21 and PAT by 133% even during the current COVID-19 pandemic. The revenue is expected to grow by 12% and PAT by 85% in the FY 21-22. In 2014, the company launched the Pest Mac mobile app. In early 2020, the company launched Exterminators E-Connect Customer Web Portal in collaboration with a US based software company to optimize productivity and to create a paperless environment.

Exterminators is Sri Lanka’s 1st ISO 9001, ISO 14001, ISO 45001 & COVID-19 SLS certified pest control company and Sri Lanka’s 1st licensed disinfection and sanitation services provider and probably the world’s 1st ISO 9001, ISO 14001, ISO 45001, ISO 22000 certified COVID-19 disinfection service provider. In July 2020, the company was certified as Sri Lanka’s 1st SME business to be receive the COVID-19 SLS certification from the Sri Lanka Standards Institute. The company is Asia’s 1st and among the few pest control companies in the world to be certified as a ‘Great Place to Work’.

Source

Chandana Sesath Jayakody

Read Previous

Sri Lanka’s gas tragedy: the untold story

Read Next

Democracy and ‘Hellfire’

Leave a Reply

Your email address will not be published.

Translate »