Business
The Lanka Hospitals Corporation PLC records strong performance in first half of 2022
PAT grows by 140% compared to previous year
The Lanka Hospitals Corporation PLC in a market announcement posted a PAT of Rs. 2.7 billion for the six months that ended on 30th June 2022, further consolidating its strong balance sheet. During this period, Lanka Hospitals also recorded a gross turnover of Rs. 5.25 billion amidst tight market conditions and recorded an operating profit of Rs. 801 million. Together with operating profit, investment income and exchange gains, Lanka Hospitals has reported a strong financial position reflecting a profit growth of 140% compared to the corresponding period of the previous year. The company’s per share earnings have increased up to Rs. 12.37 compared to Rs. 5.15 recorded in the previous year.
The Chairman of the Lanka Hospitals Group, Vidya Jyothi Dr. Bandula Wijesiriwardena commenting on the company’s performance stated “The 2nd quarter of 2022 was a period where unprecedented challenges were encountered by the two companies in the group. Despite these economic conditions, I am happy to share that Lanka Hospitals recorded a strong growth in terms of revenue and profitability. The company has announced an interim dividend of Rs. 2.00 per share to our shareholders and allocated Rs. 447 million for the half year that ended on 30th June 2022. This has been the highest interim dividend declared by the company to our shareholders.” Commenting on the company’s performance, Group Chief Executive Officer, Deepthi Lokuarachchi, stated that “In the 2nd quarter of 2022, the company had to incur high costs for medical consumable purchases. During this time, Lanka Hospitals offered healthcare services to the general public at affordable costs despite the economic situation.” He further stated that, “Many initiatives were taken to ensure the quality of life of staff and that their continuous contribution is key to the success of LHC Group.”
This year Lanka Hospitals was named the Most Awarded and the Most Loved Healthcare Brand in Sri Lanka by LMD and Brands Finance. Lanka Hospitals is the first hospital in Sri Lanka to receive the most prestigious global accreditations for its healthcare service standards including the Joint Commission International (JCI) accreditation 7th edition and the world-respected Medical Tourism Certification from Medical Travel Quality Alliance (MTQUA). Furthermore, Lanka Hospitals Diagnostics (Private) Limited (LHD) is the only Sri Lankan laboratory to be accredited by the esteemed 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.”
US sports envoys to Lanka to champion youth development
Rahuman questions sudden cancellation of leave of CEB employees
