LAUGFS Gas

LAUGFS Gas PLC

Logo of LAUGFS Gas
Company type	Public
Traded as	CSE: LGL.N0000
ISIN	LK0371N00001
Industry	Energy
Founded	2000; 24 years ago (2000)
Headquarters	Colombo , Sri Lanka
Key people	W. K. H. Wegapitiya (Chairman) Thilak De Silva (Deputy Chairman) Piyadasa Kudabalage (Managing Director)
Revenue	LKR34,597 million (2022)
Operating income	LKR(2,276) million (2022)
Net income	LKR(3,982) million (2022)
Total assets	LKR57,703 million (2022)
Total equity	LKR6,189 million (2022)
Owners	LAUGFS Holdings (74.02%) Employees' Provident Fund (17.82%)
Number of employees	344 (2022)
Parent	LAUGFS Holdings
Subsidiaries	See text
Website	www.laugfsgas.lk
Footnotes / references [1]

LAUGFS Gas PLC is a liquefied petroleum gas (LPG) company based in Sri Lanka. The company commenced operations in 2001 and in 2010, was listed on the Colombo Stock Exchange following an initial public offering. LAUGFS Gas expanded its operations to Bangladesh and the United Arab Emirates. In 2019, the company opened an LPG terminal at the Hambantota International Port, the largest of its kind in South Asia. LAUGFS Gas is ranked 33rd in LMD 100, an annual list of Sri Lankan listed companies by revenue. The Sri Lankan economic crisis heavily affected the operations of the company. Difficulties in securing foreign exchange have resulted in the disruption of LPG imports, shortages in the market and long queues. The company controls a number of subsidiaries but divested its Bangladesh operations in November 2022.