Sunshine Holdings PLC reported impressive growth in top and bottom line performance after posting consolidated revenue of Rs. 10.3 billion and delivering a 24.2% Year-on-Year (YoY) increase in Profits After Tax (PAT) for the Group during the six-month period ended (1HFY18).
Consolidated group revenue increased by 8.9% Year-on-Year (YoY), bolstered by strong performances in Agri and FMCG (Fast Moving Consumer Goods) sectors, despite a slight reduction in growth within the Healthcare sector.
However, the group’s Healthcare business emerged as the largest contributor to Sunshine’s top-line performance, accounting for 38% of total revenue, while Agribusiness and Consumer sectors of the Group contributed 36% and 23% respectively of the total revenue.
Profit after tax (PAT) for the period in review rose to Rs. 1.1 billion, on the back of strong performance in the Agri sector, with strong positive results also being carried through to the Group’s Profit after Tax and Minority Interest (PATMI) which grew by 25.8% YoY to Rs 532 million. Watawala Plantation PLC, Group’s agribusiness subsidiary was the largest contributor to PATMI, accounting for 34.9% of the total and Healthcare accounting for 29.2%.
“Our continued strong financial performance reflects the dedication of our employees to delivering the best products and unmatched service and convenience to our customers,” said Vish Govindasamy, Group Managing Director of Sunshine Holdings PLC. “Our continuous focus on improving quality and internal efficiency through well-placed strategies has yielded strong results for the group, transforming another quarter into a successful, highly dynamic one.”
In total, the group’s healthcare segment generated Rs. 4.0 billion in turnover during 1HFY18, representing a slight dip against last year and representing 38.1% of Group turnover for the period.
Consolidated group revenue increased by 8.9% Year-on-Year (YoY), bolstered by strong performances in Agri and FMCG (Fast Moving Consumer Goods) sectors, despite a slight reduction in growth within the Healthcare sector.
However, the group’s Healthcare business emerged as the largest contributor to Sunshine’s top-line performance, accounting for 38% of total revenue, while Agribusiness and Consumer sectors of the Group contributed 36% and 23% respectively of the total revenue.
Profit after tax (PAT) for the period in review rose to Rs. 1.1 billion, on the back of strong performance in the Agri sector, with strong positive results also being carried through to the Group’s Profit after Tax and Minority Interest (PATMI) which grew by 25.8% YoY to Rs 532 million. Watawala Plantation PLC, Group’s agribusiness subsidiary was the largest contributor to PATMI, accounting for 34.9% of the total and Healthcare accounting for 29.2%.
“Our continued strong financial performance reflects the dedication of our employees to delivering the best products and unmatched service and convenience to our customers,” said Vish Govindasamy, Group Managing Director of Sunshine Holdings PLC. “Our continuous focus on improving quality and internal efficiency through well-placed strategies has yielded strong results for the group, transforming another quarter into a successful, highly dynamic one.”
In total, the group’s healthcare segment generated Rs. 4.0 billion in turnover during 1HFY18, representing a slight dip against last year and representing 38.1% of Group turnover for the period.
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