Kumar de Silva
  • Hemas Group achieved operating profit of Rs.907 Mn, YoY growth of 34.8% for the Q1 of Financial Year 2016/17

    PHOTO - Hemas Group CEO Steven Enderby

    CEO’s Review Through continued focus on our strategic priorities, profitable growth, improved organizational structure and innovation, we delivered strong revenues and earnings growth for the first quarter of financial year 2016/17. Hemas Holdings PLC (HHL) and its subsidiaries achieved consolidated revenues of Rs.9.9Bn, year-on-year (YoY) growth of 12.1% for the period, operating profit reached Rs.907Mn and earnings Rs.696Mn, growth of 34.8% and 67.8% respectively. Despite external pressures due to flooding, VAT uncertainty, and increasing inflation resulting in weaker demand, we continued to generate solid performance with FMCG Bangladesh, Pharmaceutical Distribution, and our new shipping agency Evergreen all contributing well. The Consumer business recorded a topline of Rs.4.2Bn for the first three months, a 10.2% YoY increase over the previous financial year. Operating profits were Rs.636Mn, 59.2% YoY growth, whilst earnings grew at 62.6% to stand at Rs.509Mn. We continued to expand our position in key categories with the introduction of

    Read more...
  • Intel Security Forum sheds new light on cyber threats in a safe, connected world

    IMAGE - Sanjaya Padmaperuma - CEO , South Asian Technologies (Pvt) Ltd.

    Colombo. Wednesday 10 August 2016. Sri Lanka’s technologically driven market today forms an integral part of the global cyberspace. Characterised by a rapidly growing economy, companies are adopting technology solutions to remain competitive as well as to boost productivity. The exponential growth in cyberspace has introduced organisations to rapidly evolving cyber threats. Given this heightened awareness for cyber security, organisations are looking to partner with industry leaders to enhance their security outlook. As the threat landscape continues to accelerate in capability and scale, the conversation has elevated to a boardroom mainstay. Security has evolved from a support conversation to a boardroom agenda and CTOs as well as CSOs are now expected to build a bigger role for IT to demonstrate that technology can actually deliver what the business wants, in a secure fashion. Addressing this growing demand and establishing their commitment to the market, Intel Security, announced the successful culmination

    Read more...
Tags

Back to Top