Pellentesque bibendum aliquam mauris, id scelerisque massa consectetur quis. Proin tempus finibus mattis. Phasellus porttitor lorem non velit volutpat, sed pharetra eros auctor. Vivamus sit amet ultrices ipsum. Mauris convallis tortor sed lacus malesuada, et facilisis odio auctor. Nulla nec varius magna.
Fitch revises Sunshine Holdings’ National Long-Term Rating to ‘A(lka)’ from ‘A-(lka)’; Outlook Stable
June 08, 2020: Fitch Ratings has revised the National Long-Term Rating of Sunshine Holdings (CSE:SUN), to ‘A(lka)’ from ‘A-(lka)’ and has simultaneously affirmed its Outlook Stable. The rating revision of the diversified conglomerate, along with two other non-financial corporates, follows the recalibration of Fitch’s Sri Lankan National Rating scale to reflect changes in the relative
Sunshine Group ups its stake in Consumer business while delivering strong profits for FY20 amidst unprecedented challenges
FY20 Highlights • Consolidated revenue of Rs.20.8 billion, a decrease of 8.0% YoY • Boosts stake in Watawala Tea Ceylon to 100% • PAT amounted to Rs. 1.8 billion, up 60.0% YoY, due to strong healthcare sector results • Healthcare revenue up 19.7% YoY to Rs. 11.2 billion • Consumer Goods revenue contracted 7.0% YoY
Sunshine Holdings’ YTD 2019/20 profitability boosted by gain from divestment of tea plantations business
9MFY20 Highlights • Consolidated revenue of Rs.15.8 billion, a decrease of 4.9% YoY • PAT amounted to Rs. 1.7 billion, up 32.3% YoY, boosted by the gain on sale of tea plantations • Healthcare revenue up 20.5% YoY to Rs. 8.2 billion • Consumer Goods revenue contracted 2.9% YoY to Rs 4.2 billion • Agri
November 14, 2019: Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) posted consolidated revenue of Rs. 10.5 billion, resulted in a 3.0% Year-on-Year (YoY) decrease. Consolidated revenue of the Group decreased due to the sale of a majority stake in the tea plantation business represented by Hatton Plantations PLC (HPL) during the first