Melstacorp Plc

Melstacorp PLC is a diversified conglomerate domiciled in Sri Lanka with significant presence across Beverages, Tourism, Maritime, Freight & Logistics, Plantations, Financial Services, Strategic Investments and other services. The Group’s portfolio includes eight listed companies such as Distilleries Company of Sri Lanka PLC (DCSL), Aitken Spence PLC, Aitken Spence Hotels Holdings PLC, Balangoda Plantations PLC, Madulsima Plantations PLC, Elpitiya Plantations PLC, Aitken Spence Plantation Management PLC and Browns Beach Hotels PLC. The Beverage sector is led by DCSL and covers production, distribution and sale of alcoholic beverages. The Group’s Tourism and hotel businesses operate locally and through overseas hotel properties, while Maritime, Freight & Logistics activities include port management, cargo handling and freight forwarding. Plantations focus on tea and rubber cultivation and estate management, and Financial Services comprise insurance and money transfer operations including Continental Insurance, the Aitken Spence insurance operations and MMBL Money Transfer. Melstacorp also manages a portfolio of strategic investments and a range of other services; during the year the Group undertook portfolio realignment, including ceasing operations in certain subsidiaries and divesting specific interests to focus on core sectors.