THE IMPACT THAT WE HAVE MADE IN PEOPLE’S LIVES IN THE LAST 88 YEARS HAS TRULY BEEN UNBELIEVABLE. GENERATION UPON GENERATION OF SRI LANKANS HAVE BEEN A PART OF OUR STORY AND WE ARE ENTHUSED TO CONTINUE THIS LEGEND OF QUALITY AND STRENGTH INTO THE MANY DECADES THAT LIE AHEAD OF US.
Our Core Business
Retail Sector
Tyre Sector
Our Tyre sector has successfully made its mark across the Island as the finest and the largest Tyre Retreader in Sri Lanka.
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Plastics, Furniture & Electronics Sector
Our Plastic segment of the sector is in the business of manufacturing and distribution of Mattresses, Water tanks,
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Rubber Sector
Our Rubber sector, which mainly caters to the export market, is involved with products such as mattresses, pillows, latex rings, crutch tips, shoe soles and jar rings along with specialty items such
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Plantation Sector
Our Plantation sector holds large land banks in Sri Lanka, with Tea, Rubber, Palm Oil, Coconut and Spices.
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Financial Services and Other Sector
Our Financial services sector includes various
services such as Insurance, Finance, Stock Broking, Margin Trading and a Logistics arm.
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About Us
Our Vision
To be a market driven, technologically oriented diverse Group.
We will organise and operate to continually focus on exceeding the expectations of our customers, whilst excelling in profitability and we will attract, develop and retain talented people to ensure the continued
We will organise and operate to continually focus on exceeding the expectations of our customers, whilst excelling in profitability and we will attract, develop and retain talented people to ensure the continued
Our Mission
To continually exceed the expectations of our customers.
To optimise the contribution from our employees by providing career and personal development opportunities, thereby creating an atmosphere that would motivate and internalise employee aspirations with corporate objectives
To optimise the contribution from our employees by providing career and personal development opportunities, thereby creating an atmosphere that would motivate and internalise employee aspirations with corporate objectives
Our History At A Glance
In its 88 year journey of improving the quality of life of the people in Sri Lanka, Richard Pieris and Company PLC, has attained the status of a national institution with the ‘Arpico’ brand recognised as one of the oldest and most loved brand in the country.
Financial Highlights
Segmental Assets
Retail
19.7%
Plantations
21.9%
Plastic and Furniture
12.1%
Tyre
2.9%
Rubber
6.3%
Financial Services and Other
37.1%
Segmental Assets
From The Leadership
CHAIRMAN’S REVIEW
“DURING THE FINANCIAL YEAR 2019/20, MOST OF THE SECTORS IN OUR BUSINESS HAVE STAYED RESILIENT AMIDST CHALLENGES. GROUP RECORDED A REVENUE OF RS. 54 BN”
BOARD OF DIRECTORS
CORPORATE SOCIAL RESPONSIBILITY
The balance between economic success, environmental protection and social responsibility has been an integral part of the corporate culture at Richard Pieris and Company PLC for decades, as we endeavour to achieve more with less. We have continuously made our business viable by integrating sustainability into the heart of the enterprise, where our efforts have created value for our stakeholders as the challenges we face go far beyond financial statements. As a responsible business entity, we are cognisant that we have an obligation to fulfil towards the society we operate in, since our sustenance is derived from the multiple facets of society. We are continuously working to create sustainable value for all our stakeholders and to support communities, while minimising environmental impacts.
Group Turnover Composition
No Data Found
Net Finance Cost vs. Interest Cover Ratio
No Data Found
FINANCIAL REVIEW
Overall Group Performance
During the financial year 2019/20, the Group recorded a revenue of Rs. 54 bn, with a decrease of 1.5% over the previous financial year. Profit before tax for the year stood at 2.5 bn witnessing the Profit after Tax at Rs. 1.3 bn. Numerous factors contributed to the drop in the Group performance including the COVID pandemic.
Revenue Analysis
The Group recorded a decline in its revenue compared to the prior year while sectors indicating mixed results with the influence of the macro environment.
Risk Management
Managing business and financial risks are fundamentally important in maintaining sustainable growth and making steady progress towards the achievement of corporate goals and objectives. “Risk” being a factor which is not possible to “eliminate” completely, the Group ensures the “minimisation” of risks by adopting various strategies for continuous reviewing of the Group operations. Various strategies are developed and implemented to achieve this goal
STATEMENT OF VALUE ADDED
2019/2020
Revenue
Cost of material and services purchased
Other income
Rs. 54,239,710
Rs. (39,544,301)
Rs. 14,695,409
Rs. 1,365,070
Rs. 16,060,479
Distribution of value added
To employees
- Remuneration
Rs. 8,370,244
54%
2018/2019
Revenue
Cost of material and services purchased
Other income
Rs. 55,045,358
Rs. (38,208,306)
Rs. 16,837,052
Rs. 1,397,658
Rs. 18,234,710
Distribution of value added
To employees
- Remuneration
Rs. 8,585,373
47%
OUR PEOPLE
The Richard Pieris Group considers its employees to be the asset with the greatest value. The blend of youth and maturity among the employees simultaneously benefits employees as well as the company. The Human Resource (HR) policies of the group systematically focus on attracting and retaining the best talent, while empowering employees to achieve their professional and personal goals, thus contributing to the value creation and success of the Group.
Richard Pieris Group, with its unparalleled heritage of 88 years, has succeeded in positioning itself at the pinnacle of the corporate sector in Sri Lanka, whole-heartedly supported by a team of enthusiastic, dedicated and motivated employees who are blessed with an abundance of talent and dynamism. The Company is committed to nurture an open and warm family atmosphere based on a strong anti-discriminatory policy. The group’s human capital management is focused on fostering innovative thinking, creativity and team work which delivers unique value to customers and clients.
Richard Pieris Group, with its unparalleled heritage of 88 years, has succeeded in positioning itself at the pinnacle of the corporate sector in Sri Lanka, whole-heartedly supported by a team of enthusiastic, dedicated and motivated employees who are blessed with an abundance of talent and dynamism. The Company is committed to nurture an open and warm family atmosphere based on a strong anti-discriminatory policy. The group’s human capital management is focused on fostering innovative thinking, creativity and team work which delivers unique value to customers and clients.
Employee Relations
The Group continuously strives to maintain an open door policy with employees across the hierarchy,
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Equal Opportunity Employer
Richard Pieris Group is committed to being an equal opportunity employer; the Group respects freedom of association
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Internal Mobility
Training and Development
In identifying the training needs of staff, the Group possesses a planned and structured mechanism
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Employee Innovation
All employees of RPC are encouraged to come up with innovative ideas be it business or other.
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Work Life Balance
Wellbeing
Safety at Work