About Us

East West Properties PLC is a Public Quoted Company with Limited Liability incorporated in Sri Lanka on 18th March 1981 - and re-registered under the Companybs Act No.7of 2007. The Company was listed on the main board of the Colombo Stock Exchange in 1983. The Company's core business is in real estate development and generating rental income from warehousing and commercial office space. The Company owns 5 acres of land in Peliyagoda of which 2 acres have been developed into 100,000 sqft of warehouse spaces. The remaining 3 acres has been leased to Ultra Tech Cement Company.
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The most current development project under the subsidiary, Weligama Hotel Properties Ltd. is the construction of Sri Lankabs first Marriott Resort & Spa Hotel located in the beautiful bay of Weligama, south of the Island. The development consists of 198 rooms with a gross built up area of 350,000sqft. The project is due to be completed early 2017.

The company under its subsidiary East West Engineering Services Pvt Ltd. has diversified into engineering and construction related activities with much of the work currently focused on the turnkey development of the 198 key Marriott Resort & Spa. The company has diversified into the business of ready mix concrete under the brand bEast West Ready Mixb. The operation consists of two ready mix plants located in the south. The company also project management and procurement services.

The media arm of the company operates under the subsidiary, Peoples Media Network which has been issued licenses and frequencies for the operations of a radio and television station network. The company manages and operates 5 transmission sites located in Colombo, Hunnasgiriya, Karagahatenna, Nayabedda and Gongala. The company also represents globally recognized brands for studio and transmission related equipment whilst providing turnkey solutions for all radio and television infrastructure requirements.


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Courage

We shall embrace new ideas and businesses

Courage
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Trust

We shall believe in our employees and other stakeholders

Trust
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Commitment

We shall stand by our promises and adhere to high standards of business

Commitment
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Passion

Performing with enthusiasm and energy

Passion
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Result

Consistently achieving goals

Result
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Integration

Working across functions and businesses to create synergies

Integration
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Dedication

Working with commitment in the pursuit of our aims

Dedication
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Entrepreneurship

Seizing new opportunities with initiative and ownership

Entrepreneurship

Chairman's Message

One Vision, One Team

One Vision, One Brand


Chairman's Message

We are very happy to announce that this was the first financial year that Hotel Income added to our Group Revenue. The Group recorded LKR 1,002 Mn Revenue which was 90% higher than the last year. Hotel recorded turnover of LKR 685 Mn from the first 8 months of hotel operation. LKR 317 Mn was recorded from Rental, Infrastructure, Construction and Trading. During the financial year under review the Hotel maintained average occupancy of 70% from the first year of operation. Warehouse and self storage were successful with continued tenancy, we had high demand for ready mix concrete and unbeaten growth in broadcasting and media sector. The Group has further received LKR 14 Mn Other Income and LKR 18.6 Mn of Finance Income during the Financial Year.

Future Outlook
We are confident that we will be able to continue our profitability of warehouse and self storage by providing maximum service to our clients and also we will be able to improve and provide infrastructure facilities of our transmission sites of Peoples Media Network (Pvt) Ltd. In addition to improve the current operations, we are looking at some new investment opportunities to get maximum return to the company.

Appreciation
I would like to express my special gratitude to our Group Chairman Mr.Nahil Wijesuriya for his precious direction and leadership. I take this opportunity to thank other Board Members of the Group as well. We hope we will able to achieve excellent financial performance and continue our best service in the future years too. On behalf of the board I would like to convey our sincere appreciation for the valuable contribution made by all our clients, suppliers and business partners towards the improvement and continuation of our business. Furthermore we are grateful to our valued shareholders for the confidence placed in the East West Group and we seek your continued support in the future years as well.


Board of Directors

Mr.Nahil Wijesuriya is a Professional Engineer Specializing in Mechanical and Production Engineering. He gained his professional qualifications from the Leicester College of Technology (UK). Following his graduation he began working with P&O Shipping Lines (UK), eventually moving on to become the Chief Engineer at Ceylon Shipping Corporation. In 1975 he became the Deputy Chief Engineer of the Colombo Dock Yard. In 1977 he founded East West Group of Companies. Through this Parent Company, he founded much successful business in Sri Lanka including TV broadcasting channels, ETV1 and ETV2, now known as Swarnavahini; East West Information Systems now known as EWIS. He has also completed several substantial property developments having successfully speculated the London and Singapore property markets.
He pioneered in the setting up the First Off Shore Bunkering facility of Colombo Port by using a 37,000 Ton Storage Vessel anchored off the Colombo harbor limits. He also spearheaded the setting up and operations of Offshore Marine Services (Pvt) Ltd doing Salvage and Towage of ships in distress, using the 5 companies own Tugs. In property development, he single handedly project manage the construction of the IBM Building in 1985 the first building to be built in the Nawam Mawatha Buisness Centre through East West Properties Ltd for Land and Building (Pvt) Ltd.
Mr.Nishantha Sooriyaarachchi holds higher National Diploma in Accountancy and he is a Certified Business Accountant of the Institute of Chartered Accountants of Sri Lanka. He has 18 years experience in the East West Group of Companies. He is also a Director of East West Engineering Services (Pvt) Ltd, Peoples Media Network (Pvt) Ltd and East West Hotel Developers (Pvt) Ltd.
Mrs.Vijayanthi Jayasinghe is a Certified Business Accountant of the Institute of Chartered Accountants of Sri Lanka. She has around 26 years working experience. She is also a Director of East West Engineering Services (Pvt) Ltd and Peoples Media Network (Pvt) Ltd.
Mr.Vajira Wijesuriya has a Bachelors degree in Computer Science from the University of Warwick (UK) and also holding British Private Pilot License. He has worked at Amba Research as an Associate Vice President specializing in Financial Research. He has gained a vast experience in the field of Real Estate, Aviation, Finance and Travel.
Dr.Sunil AbeyRatne is a fellow member of the Institute of Management Accountants of (UK), Fellow member of the Institute of Chartered Accountants of Sri Lanka, Member of Certified Management Accountants of Australia and Fellow Society of Certified Management Accountants of Sri Lanka. He has held Directorate of Companies in Sri Lanka. Presently partner of AbeyRatne & Company, Chartered Accountants which is an associate of AGN International Ltd, UK which is the 6th largest Accounting Associates in the World, appointed to the main UK AGN International Board of Directors.
Mr.Diyanath Rohan Jayasinghe is currently holding a position as Director for Sri Lanka Energies (Pvt) Ltd and Kumbalgamuwa Mini Hydro ( Pvt ) Ltd, SLEHR ( Pvt ) Ltd and Daduruoya Mini Hydro ( PVT ) Ltd. Also held the following positions as Director for Access Agencies ( PVT ) Ltd ,General Manager at Maganaguma, Chairman of Cey Nor Foundation and Chairman of Grand Oriental Hotel (GOH).

Corporate Office
#14-02,
East Tower, World Trade Center,
Colombo 1, Srilanka.
Location

 +94 11 2 43 77 55
  +94 777 880 297
 +94 11 2 43 20 40
 nishantha@eastwest.lk, admin@eastwest.lk

Peliyagoda Warehousing complex
81/11 3rd Lane,
New Nuge Road,
Peliyagoda, Sri Lanaka
Location

East West Engineering and East West Ready Mix Office
#5A/1,
Sunanda Road, Rahula Junction,
Matara, Srilanka.
Location

 +94 41 4 936 700, +94 41 4 936 701
  +94 777 880 297, +94 777 749 020
 readymix@eastwest.lk, nishantha@eastwest.lk

Matara Ready Mix Plant
Beessawilawaththa,
Labeema,
Kamburugamuwa , Srilanka.
Location

 +94 41 4 938 150
  +94 777 880 297, +94 777 749 020, +94 777 720 771
 readymix@eastwest.lk, nishantha@eastwest.lk

Galle Ready Mix Plant
Heenatigala Road,
Unawatuna,
Galle, Sri Lanaka
Location

 +94 41 4 938 380
  +94 777 880 297, +94 777 749 020
 readymix@eastwest.lk, nishantha@eastwest.lk

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