Business
hSenidBiz continues investments in growth initiatives in 3Q FY23
hSenid Business Solutions (hBS) reported its results for the period ended 31 December 2022, with revenues up 16 percent year-over-year. Topline growth was supported by its core PeoplesHR Cloud offering, followed by Tracking Solutions. The group recorded 51 percent recurring revenues, driven by PeoplesHR Cloud. hBS continued its growth initiatives during the quarter, particular within the APAC region, focused on its core PeoplesHR products, including new initiatives such as PeoplesHR Turbo and Marketplace. The quarter also saw the successful launch of Phase-II of the Ugandan Government project.
hBS was the recipient of a number of industry awards during the quarter. The company secured the top place under the ICT and BPO-related Services (Medium category) at the annual NCE Export Awards for the third consecutive year. The company was also recognised as the Sri Lanka ISV Microsoft Partner of the Year 2022. Additionally, its core brand Peoples HR was recognized as a ‘Leader’ in both Asia and APAC in the Core HR category in the G2 Winter 2023 Reports. These ratings are a direct reflection of reviews provided by PeoplesHR users and its brand presence across the region.
Commenting on the progress for the quarter, Founder and Chairman Dinesh Saparamadu noted: “We remain committed to our long-term strategic objectives of carrying out product and market development initiatives. To support these initiatives, we are now in the midst of revamping our sales strategy and team at hBS. We are also committed to investments in retaining and recruitment of talent to support our growth story. To this end, the quarter saw hBS strengthen its investments in talent, particularly across the APAC region.”
Net profits for the quarter came in at LKR 29.7 million, compared to a profit of LKR 102.1 million in the corresponding quarter of the previous financial year, recording an LKR 0.11 earnings per share. For the nine months, net profits came in at LKR 287.6 million compared to LKR 116.2 million in the previous year.
CEO Sampath Jayasundara, commenting on the results, noted that “while it was a challenging quarter, we are pleased with the headway made with our growth initiatives. The commencement of Phase-II of the Ugandan Government project in particular, was a key milestone for the company during the quarter. We believe that completion of Phase-I in FY22 is a testimony of PeoplesHR’s robustness and ability to deploy at a very large scale.’
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.”
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