Lanka Milk Foods

Lanka Milk Foods (CWE) PLC

Lanka Milk Foods logo
Ambewela Farm is a subsidiary of Lanka Milk Foods
Company type	Public
Traded as	CSE: LMF.N0000
ISIN	LK0112N00009
Industry	Food
Founded	November 12, 1981; 43 years ago (1981-11-12)
Headquarters	Ragama , Sri Lanka
Key people	Harry Jayawardena (Chairman) Sasanka Perera (Group CEO)
Brands	Lakspray Ambewela Daily Daily Activ My Juicee BLU
Revenue	LKR9.772 billion (2022)
Operating income	LKR1.588 billion (2022)
Net income	LKR1.065 billion (2022)
Total assets	LKR16.734 billion (2022)
Total equity	LKR11.433 billion (2022)
Owners	Milford Exports (33.57%) Melstacorp (32.09%)
Number of employees	741 (2022)
Subsidiaries	See text
Website	www.lmfgroup.lk
Footnotes / references [1]

Lanka Milk Foods (CWE) PLC is a dairy products manufacturing company in Sri Lanka. Lanka Milk Foods was a subsidiary of the Co-operative Wholesale Establishment (CWE) which later converted to a joint-stock company. The company was incorporated in 1981 and listed on the Colombo Stock Exchange in 1983 with Sri Lankan Government holding the majority of the shares. The Stassen Group acquired a controlling stake of 51% in the company in 1991. Lanka Milk Foods's subsidiary, Lanka Dairies, introduced flavoured ready-to-drink milk to the market in 1996. Ambewela Farm and New Zealand farm were acquired by Lanka Milk Foods in 2001. In 2020, the company planned to invest LKR3 billion in a new dairy farm in Ambewela to expand production. Lanka Milk Foods is one of the LMD 100 companies in Sri Lanka. Lakspray, a Lanka Milk Foods brand listed among the 100 most valuable brands in Sri Lanka in 2020. Lanka Milk Foods stand to benefit from consumers switching from milk powder to fresh milk.