Strong Healthcare sector cushions revenue drop from tea plantation exit
1QFY20 Highlights Strategic exit from tea plantation business Consolidated revenue of LKR5.2bn, a decrease of 6.5% YoY PAT amounted to LKR 573mn, above 67.9% YoY Healthcare revenue up 10.5% YoY to LKR 2.5bn Degrowth in Consumer, revenue down 5.8% YoY to LKR1.3bn Agri revenue down 24.5% YoY to LKR1.4bn EPS of LKR 2.28, increase
Divestiture of Hatton Plantations PLC from Sunshine Holdings Group
Sunshine Holdings PLC’s Group Managing Director, Vish Govindasamy commenting on the Company’s announcement regarding the divestiture of Hatton Plantations PLC from Sunshine Holdings Group, offered the following statement to the media: “Sunshine Holdings’ divestiture of the majority control of Hatton Plantations PLC, to Lotus Renewable Energy (Pvt) Ltd, is in line with the Group’s strategy
Sunshine Holdings announces new appointment to Board of Directors
31st May 2019: The Board of Directors of Sunshine Holdings PLC appointed Shalini Ratwatte, Head of Corporate, External and Legal Affairs – South Asia New Markets of Microsoft Corporation, as a Director of the Company. The appointment is effective 31 May, 2019. With the new appointment, the Board of Sunshine Holdings PLC will now be
Healthcare and Consumer sectors drive growth for Sunshine while exiting tea plantations
FY19 Highlights Consolidated revenue of LKR22.6bn, an increase of 6.9% YoY PAT amounted to LKR1.1bn, down 36.5% YoY Healthcare revenue up 14.1% YoY to LKR 9.3bn Consumer revenue grew 8.9% YoY to LKR5.9bn Agri revenue contracted 2.0% YoY to LKR7.1bn EPS of LKR 4.43, 27.1% lower than last year Private placement to raise Rs. 775
Sunshine Holdings joins elite rank of Business Today’s Top 30
Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) was honoured at the ‘Business Today Top 30’ award ceremony, hosted by renowned business magazine ‘Business Today’. Based on published information of companies listed on the Colombo Stock Exchange, the awards recognized the top 30 performers of Sri Lanka’s private sector, for the financial year 2017/2018.
Fitch Affirms Sunshine Holdings at ‘A-(lka)’; Outlook Stable
Fitch Ratings-Colombo-14 November 2018: Fitch Ratings has affirmed Sri Lanka-based Sunshine Holdings PLC’s National Long-Term Rating at ‘A-(lka)’. The Outlook is Stable. The rating on Sunshine reflects its strong market positions in its diversified portfolio of products, which has elements of relatively defensive end-market demand, and the strong brand names associated with most of its
Sunshine Holdings records 23.3% increase in EPS as a result of strategic consolidation in Consumer Goods sector
1HFY19 Highlights Consolidated revenue of LKR10.9bn, an increase of 5.7% YoY PAT amounted to LKR804m, down 30.0% YoY Healthcare revenue up 11.5% YoY to LKR 4.4bn Strong growth in Consumer, revenue up 15.8% YoY to LKR2.8bn Agri revenue contracted by 7.9% YoY to LKR3.5bn EPS of LKR 3.02, 23.3% higher than last year Private placement
Sunshine Holdings records 8% top line growth in 1QFY19 despite challenging business conditions
Consolidated revenue of Rs. 5.6 billion, an increase of 8.0% YoY Healthcare revenue up 15.6% YoY to Rs.2.2 billion Strong growth in Consumer, revenue up 22.2% YoY to Rs. 1.4 billion Agri revenue contracted by 7.2% YoY to Rs. 1.8 billion PAT reduced to Rs. 343 million, due to subdued Agri results Private placement to
Sunshine Holdings gets shareholder approval for Rs. 775 m private placement with SBI Ven Holdings
Diversified Sri Lankan conglomerate Sunshine Holdings PLC announced that its shareholders unanimously approved the proposed private placement to raise Rs. 775 million with SBI Ven Holdings Ltd., the overseas private equity firm of Japan’s financial giant SBI Holdings Inc. The Board proposed to issue 11.9 million ordinary Sunshine shares to SBI Ven Holdings at a
Sunshine Healthcare Lanka partners with 3M Global Channel Services to represent its entire healthcare product portfolio in Sri Lanka
July 10, 2018: In a bid to further strengthen its product portfolio and offer quality healthcare products to every Sri Lankan, Sunshine Healthcare Lanka (SHL) entered into a strategic partnership with 3M Global Channel Services to represent its entire healthcare product portfolio in Sri Lanka. The landmark partnership was signed recently by Shankar Rao &