Sunshine grows brighter in first quarter
|
Sunshine Holdings Chairman
Rienzie T. Wijetilleke |
Strong performances by companies in plantations and healthcare in the
first quarter of 2010-11 have generated impressive revenue and profit
growth for Sunshine Holdings PLC. The diversified group comprising
Watawala Plantations, Swiss Biogenics and companies in packaging, travel
and power generation.
The Group achieved revenue of Rs 2.5 billion for the three months
ending June 30, a 25 percent growth over the corresponding quarter of
last year, with Plantations recording Rs 1.44 billion and healthcare Rs
992.6 million, reflecting growths of 27 per cent and 17 percent
respectively. Group profit before tax at Rs 287.2 million was an
increase of 92 percent in the quarter reviewed, while profit
attributable to the shareholders of Sunshine Holdings PLC, increased by
a noteworthy 52 percent to Rs 116.3 million, the company said in a
filing with the Colombo Stock Exchange.
Bottom line growth was driven by Healthcare, which improved its
profit before tax by 32 percent. |
