Hemas Holdings PLC (HHL) and its subsidiaries achieved consolidated revenues of Rs.28.3 bn, with a year-on-year (YoY) growth of 19.7% for the nine months ended December 31, 2015.
During this period operating profit reached Rs.2.8 bn and earnings Rs.1.9 bn, growth of 25.6% and 65.2% respectively. Eliminating the one off transactions in the preceding year and the additional interest income of Rs.196 mn earned from investing the proceeds of the rights issue, underlying operating profit and earnings maintained a healthy growth of 30.8% and 30.2% respectively,Group CEO Steven Enderby said.
The FMCG sector achieved total revenues of Rs.11.2 bn for the nine months, a 24.4% YoY increase over the previous financial year. Operating profits were Rs.1.4 bn, 54.4% YoY growth, whilst earnings grew at 32.9% to stand at Rs.1.1 bn. Excluding the one-off capital gains recorded previous year, underlying earnings growth was 49.3%. This performance has been driven by our Bangladesh operation maintaining excellent revenue and profit growth, strong sales across all our major brands in the domestic market and relatively weak commodity prices for key raw material inputs,Enderby said.
Overall healthcare sector revenue for the nine months under review stood at Rs.11.9 bn, a YoY increase of 18.3% whilst earnings grew at 25.8%. During the quarter, Hemas Hospitals opened its first wellness centre at Orion City responding to a call to provide top quality healthcare services to the 6,000 plus employee strength, at Colombo’s premier IT park.
This marks another novel concept by Hemas Hospitals in the development of the Sri Lankan healthcare industry. Our hospitals growth in revenue contributed 31.0% of the overall segments revenue growth. Hemas pharmaceutical distribution operation registered a YoY topline growth of 12.1% maintaining its market leadership position. Our pharmaceutical sales growth continues to be driven by our strong presence in growing therapeutic segments.
J. L. Morison posted a YoY growth of 28.6% and earnings growth of 71.7% for the nine months ended December 31, 2015. Revenue growth was largely driven by the increase in sales from the buyback arrangement with Government of Sri Lanka and sales growth in key diagnostics agencies. Transportation sector reported a revenue of Rs.1.3 bn, a 15.2% YoY topline growth. The increase in revenue resulted from growth in our domestic logistics and maritime operations with warehouses operating at high levels of capacity, new customers for our distribution operation and higher
levels of container handling and repair activity. Aviation businesses continued to experience challenges due to lower yields of ticketing income despite increases in volumes.
Triggered by limited revenue growth from the aviation segment, transportation sector registered an operating profit of Rs.271 mn indicating a de - growth of 6.1%.
The leisure segment recorded a total revenue of Rs.2.2 bn, reflecting a 9.2% YoY growth for the nine months under consideration. Serendib Hotels posted a revenue growth of 11%, driven by strong performances from AVANI Bentota and Hotel Sigiriya with an overall occupancy of 78%.
www.dailynews.lk
During this period operating profit reached Rs.2.8 bn and earnings Rs.1.9 bn, growth of 25.6% and 65.2% respectively. Eliminating the one off transactions in the preceding year and the additional interest income of Rs.196 mn earned from investing the proceeds of the rights issue, underlying operating profit and earnings maintained a healthy growth of 30.8% and 30.2% respectively,Group CEO Steven Enderby said.
The FMCG sector achieved total revenues of Rs.11.2 bn for the nine months, a 24.4% YoY increase over the previous financial year. Operating profits were Rs.1.4 bn, 54.4% YoY growth, whilst earnings grew at 32.9% to stand at Rs.1.1 bn. Excluding the one-off capital gains recorded previous year, underlying earnings growth was 49.3%. This performance has been driven by our Bangladesh operation maintaining excellent revenue and profit growth, strong sales across all our major brands in the domestic market and relatively weak commodity prices for key raw material inputs,Enderby said.
Overall healthcare sector revenue for the nine months under review stood at Rs.11.9 bn, a YoY increase of 18.3% whilst earnings grew at 25.8%. During the quarter, Hemas Hospitals opened its first wellness centre at Orion City responding to a call to provide top quality healthcare services to the 6,000 plus employee strength, at Colombo’s premier IT park.
This marks another novel concept by Hemas Hospitals in the development of the Sri Lankan healthcare industry. Our hospitals growth in revenue contributed 31.0% of the overall segments revenue growth. Hemas pharmaceutical distribution operation registered a YoY topline growth of 12.1% maintaining its market leadership position. Our pharmaceutical sales growth continues to be driven by our strong presence in growing therapeutic segments.
J. L. Morison posted a YoY growth of 28.6% and earnings growth of 71.7% for the nine months ended December 31, 2015. Revenue growth was largely driven by the increase in sales from the buyback arrangement with Government of Sri Lanka and sales growth in key diagnostics agencies. Transportation sector reported a revenue of Rs.1.3 bn, a 15.2% YoY topline growth. The increase in revenue resulted from growth in our domestic logistics and maritime operations with warehouses operating at high levels of capacity, new customers for our distribution operation and higher
levels of container handling and repair activity. Aviation businesses continued to experience challenges due to lower yields of ticketing income despite increases in volumes.
Triggered by limited revenue growth from the aviation segment, transportation sector registered an operating profit of Rs.271 mn indicating a de - growth of 6.1%.
The leisure segment recorded a total revenue of Rs.2.2 bn, reflecting a 9.2% YoY growth for the nine months under consideration. Serendib Hotels posted a revenue growth of 11%, driven by strong performances from AVANI Bentota and Hotel Sigiriya with an overall occupancy of 78%.
www.dailynews.lk
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