Business
Nawaloka Hospitals records ‘impressive’ Rs.120mn PBT
Nawaloka Hospitals PLC recorded a stellar growth during the first quarter for FY23/24, with a Rs.120 million profit-before-tax (PBT) in its interim financial statement for the quarter which ended on June 30, 2023, marking a 158 percent increase over the previous year for the same period, a Nawaloka Hospitals press release said.
The release adds: ‘The report highlighted the Group’s recent restructuring and increased activity in key areas such as medical innovation and patient-care excellence, accounting for a swift recovery and positive turnover.
Revenue was recorded at Rs.2.6 billion, a 21 percent increase over the previous year’s Rs.2.1 billion. Similarly, the Group’s Operating Profits rose by 185 percent at Rs.570 million, over the previous year’s Rs.200 million.Share performance also improved with the Group recording an Earning Per Share of 0.085 as at June 30, 2023, compared to the previous year’s (0.148).
Over the same period, the Company recorded a healthy 2,224 percent increase in PBT, marking Rs.94 million over the previous year’s Rs.4 million.The company recorded Rs.1.3 billion in Revenue, a 19 percent growth over the previous year’s Rs.1.1 billion, and an Operating Profit of Rs.423 million, a 72 percent increase over the previous year’s Rs.246 million.
The Company’s Earning Per Share stood at 0.067, proving improved performance over the previous year’s 0.003.Attesting to Nawaloka Hospitals PLC’s positive growth trajectory, Dr. Jayantha Dharmadasa, chairman, Nawaloka Hospitals PLC reflected on some of the organisation’s key milestones in 2023, including the achievement of 15,000 successful heart surgeries performed at Nawaloka Hospitals, and its strong emphasis on patient-care experience improvement.
Some activities under this pillar were the VVIP Elite Center which was launched to offer more customised and privacy-focused healthcare services, as well as the complete overhaul of Nawaloka Hospitals’ homecare and nursing services, which were focused towards providing a superior patient experience.‘Another notable initiative undertaken by the Hospital was its collaboration with the ICBT Campus, to introduce their nursing staff to world-class nursing care education and exposure, which contributed towards the growth of the Hospital’s nurse-staff capabilities and skill, as well as the individual growth of these valued healthcare workers.
“These substantiated figures of growth stand as a testament to the organisation’s core values and efforts in overcoming unfavourable situations with the utmost level of hope and strategic alliance. The turbulence of the previous few years has allowed our organisation to stand out stronger, while continuing our endearing commitment to uplift the standards for our healthcare services, as well as our community contributions. We speculate further growth in the coming quarters, and look forward to a fruitful year ahead,” stated Dr. Jayantha Dharmadasa, Chairman, Nawaloka Hospitals PLC, on the released interim financial statements.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
US sports envoys to Lanka to champion youth development
Rahuman questions sudden cancellation of leave of CEB employees
