Dankotuwa Porcelain

Dankotuwa Porcelain PLC

Logo of Dankotuwa Porcelain PLC
Company type	Public
Traded as	CSE: DPL.N0000
ISIN	LK0235N00008
Industry	Porcelain
Founded	1984; 40 years ago (1984)
Headquarters	Dankotuwa , Sri Lanka
Key people	Yudy Kanagasabai (Chairman) Channa Gunawardana (CEO)
Revenue	LKR5.913 billion (2023)
Operating income	LKR1.168 billion (2023)
Net income	LKR679 million (2023)
Total assets	LKR6.134 billion (2023)
Total equity	LKR3.255 billion (2023)
Number of employees	1,500 (2023)
Parent	Ceyline Investments (68.19%)
Subsidiaries	Royal Fernwood Porcelain Limited (95.69%) DPL Singapore Pte Ltd (100%)
Website	www.dankotuwa.com
Footnotes / references [1]

Dankotuwa Porcelain PLC is a porcelain tableware manufacturing company based in Dankotuwa, Sri Lanka. Dankotuwa Porcelain was incorporated in 1984 as a subsidiary of Ceylon Ceramics Corporation. Dankotuwa Porcelain was one of the four public enterprises that were privatised in December 1990. The company was converted to a public company in 1994 and listed on the Colombo Stock Exchange later in the same year. Environmental Resources Investment (currently known as Ambeon Holdings) acquired the company in 2010 for a consideration of LKR433 million. Dankotuwa Porcelain acquired Royal Fernwood Porcelain from Browns Group in December 2013 for LKR305 million.

Export sales of the company make up 83% of total sales. The company took part in the International Labour Organization's social dialogue programme of work teams. Dankotuwa Porcelain ranked 38th in LMD 100 second board in its 2021/22 edition. In 2021, Dankotowa Porcelain was adjudged as the most loved homeware brand in Sri Lanka by Brand Finance. Ceyline Investments acquired 50.1% of the stake of the company in July 2023 for a consideration of LKR2.3 billion. Subsequently, Ceyline Investments increased its stake to 68.19% through the mandatory offer.