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Millennium Housing Developers Plc (Sri Lanka)

Main Activities: Residential Building Construction | Real Estate
Full name: Millennium Housing Developers Plc Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Millennium Housing Developers PLC is a company located in Colombo, Sri Lanka. It was incorporated in 1999 and has since been at the forefront of urban and township development. The company is known for its mega township projects that cater to the progressive lifestyles of clients across the island. Millennium Housing Developers PLC is the only private property developer listed in the Colombo Stock Exchange. The company has a diverse portfolio that includes lands, housing, apartments, and villas in various settings. Some of their residential housing designs, such as Paradis, Olympus, Tulip, and Orchid, are secure, eco-friendly, and modern. These properties are strategically located to cater to specific target markets. In addition to their existing portfolio, Millennium Housing Developers PLC has recently added the Heights residencies projects located at Edmonton Colombo 5, Nawala, and an upcoming project at Rajagiriya Green Heights. As a subsidiary member of Nawaloka Holdings, the company consistently meets high standards of raw materials and construction. They are also actively involved in community service responsibilities in rural Sri Lanka. Millennium Housing Developers PLC takes pride in their loyal customer base, which has been built on years of relationship excellence.

Headquarters
No. 19, Arthur'S Place
Colombo; Western Province; Postal Code: 04

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Website: http://www.mhdplc.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1998
Key Executives
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Chairman
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Vice Chairman
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Director/Member of the Board
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Director/Member of the Board
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Outside Director
Ownership Details
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21.82%
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3.46%
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0.97%
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0.74%
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0.72%
Subsidiaries
Millennium Housing Limited
100%
Millennium Villa Housing Development Limited
100%
Mc Universal Limited
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency LKR. Absolute financial data is included in the purchased report.
Net sales revenue
-78%
Total operating revenue
-57.1%
Operating profit (EBIT)
89.12%
EBITDA
N/A
Net Profit (Loss) for the Period
30.58%
Total assets
-6.93%
Total equity
-17.3%
Operating Profit Margin (ROS)
4.9%
Net Profit Margin
-85.09%
Return on Equity (ROE)
2.88%
Debt to Equity Ratio
18.13%
Quick Ratio
-0.07%
Cash Ratio
-0.01%

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