Business
Lanka Hospitals posts Rs. 4Bn PBT
Sri Lanka’s premier private sector healthcare provider, The Lanka Hospitals Corporation PLC, in an announcement to the Colombo Stock Exchange stated that it posted a profit before tax of Rs. 4 billion for the Financial Year ended 31st December 2022 compared to the Rs. 2.2 billion PBT reported in the corresponding period of the prior year.
The Group’s financials indicated that it had also reported a profit after tax of Rs. 3.2 billion in contrast to Rs. 2.23 billion reported in the prior year with a 47% growth in its EPS. The growth in profits attributable to a healthy operating profit and a high investment income as reflected in the Group financial statements.
Commenting on the performance, Group Chairman Vidya Jyothi Dr. Bandula Wijesiriwardena stated that the consistent performance of Lanka Hospitals has brought a greater sense of financial stability to the Group and is reflective of increased levels of customer confidence and the perseverance of all stakeholders involved in the business. He went on to state that the Board of Directors is very optimistic that the two companies in the Group will continue to thrive towards reaching excellence while adding meaningful value to all stakeholders in the business.
The Group Chief Executive Officer Deepthi Lokuarachchi stated “that he is very pleased to share his thoughts on the Group performance which presents the dynamism displayed by The Lanka Hospitals Group in creating a positively differentiated approach towards maintaining high standards of care in patient safety, accountability and the provision of medical services during one of the most difficult periods in the Group’s history. He went on to state that the value additions made to Lanka Hospitals customers, shareholders, staff and other business partners remained noteworthy and immense
The hospital group serves over 300,000 patients annually with the capacity of 300 beds, six dedicated ICUs, 10 General Operating Theatres, two Cardiac Theatres, and a state-of-the-art Cath Lab. In its network, the hospital works along with 950 registered medical consultants and highly trained and skilled medical and support staff. The hospital’s reference laboratory effectively functions with a large network of regional laboratories, 35 fully owned sample collection centres, and over 1,100 third-party affiliated sample collection centres.
Lanka Hospitals is the first hospital in Sri Lanka to be awarded the most prestigious accreditations in the world for its healthcare service standards including the Joint Commission International (JCI) accreditation seventh edition. Furthermore, Lanka Hospitals Diagnostics (LHD) is the only Sri Lankan laboratory to be accredited by the prestigious laboratory accreditation body, The College of American Pathologists (CAP).
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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