Healthcare revenue for 1QFY16 grew 17.5% YoY, exceeding management expectations, and stood at LKR1.7bn. This represents 39.8% of Group turnover for the period.
EBIT margin for 1QFY16 contracted by 20 bps to 7.5% in 1QFY16mainly on account of bulk diagnostic sales to the Public sector, and supply side pressure from business partners.
The FMCG sector reported revenues of Rs 685m in 1QFY16, up 16.3% YoY, on the back of both volume and price growth, and the sector accounts for 16.4% of group revenue for the period. The branded tea business within FMCG sold 703 tonnes of branded tea, up 8.5% YoY, primarily driven by their largest brand ‘Watawala Tea’ - which is the number one selling Tea brand in Sri Lanka.
Sunshine Holdings reported consolidated revenues of Rs 4.2 b for the quarter ended 30 June 2015, up 4.9% YoY. Profit after tax grew 10.8% YoY to stand at Rs 162 m for 1QFY16, despite a 3.7% YoY contraction in PAT to Rs 314 m due to weak performance in the agri sector.
All segments, except forAgri contributed towards top-line growth during 1QFY16. Agri, still the biggest contributor to group revenue (40.3% of group revenue), contracted 10.4% YoY, with Healthcare close behind (39.8% of group revenue) grew17.5% YoY. Revenue contribution from FMCG increased to 16.4% of total in 1QFY16, against 14.8% during same quarter last year, and grew 16.3% YoY.
www.dailynews.lk
EBIT margin for 1QFY16 contracted by 20 bps to 7.5% in 1QFY16mainly on account of bulk diagnostic sales to the Public sector, and supply side pressure from business partners.
The FMCG sector reported revenues of Rs 685m in 1QFY16, up 16.3% YoY, on the back of both volume and price growth, and the sector accounts for 16.4% of group revenue for the period. The branded tea business within FMCG sold 703 tonnes of branded tea, up 8.5% YoY, primarily driven by their largest brand ‘Watawala Tea’ - which is the number one selling Tea brand in Sri Lanka.
Sunshine Holdings reported consolidated revenues of Rs 4.2 b for the quarter ended 30 June 2015, up 4.9% YoY. Profit after tax grew 10.8% YoY to stand at Rs 162 m for 1QFY16, despite a 3.7% YoY contraction in PAT to Rs 314 m due to weak performance in the agri sector.
All segments, except forAgri contributed towards top-line growth during 1QFY16. Agri, still the biggest contributor to group revenue (40.3% of group revenue), contracted 10.4% YoY, with Healthcare close behind (39.8% of group revenue) grew17.5% YoY. Revenue contribution from FMCG increased to 16.4% of total in 1QFY16, against 14.8% during same quarter last year, and grew 16.3% YoY.
www.dailynews.lk
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