Business
C. W. Mackie posts best results in a century
C. W. Mackie PLC, one of the country’s leading and oldest diversified conglomerates, published its integrated annual report for the 22/23 financial year, highlighting the Company’s resilience during a period defined by unprecedented challenges to register its best financial results in over a century of operation.
“In what has become a benchmark year of financial and non-financial performance for C. W. Mackie PLC, we continued to deliver on our commitments to the shareholders and stakeholders of the Company, exceeding all expectations,” stated Mr. Hemaka Amarasuriya, newly appointed Chairman and Chief Executive Officer of C. W. Mackie PLC, during the reporting period.
“We are excited to share our consolidated financial statements alongside details of strategic approach followed by the Group to sustain and strengthen our market leadership position, and record an exceptional performance in a susceptible economic environment.”
C. W. Mackie PLC Group recorded a remarkable year with a 46% year-on-year increase in revenue to reach Rs. 19.2 billion, and the resulting doubling of gross profit from Rs. 2.0 billion during the preceding financial year to Rs. 3.9 billion during the reporting period, an outstanding growth of 97%, a news release recording the achievement said.
“Despite of global recession C. W. Mackie PLC Group successfully supplied overseas orders and strengthened overseas customer relationships. The Group focused on capacity expansion of manufacturing facilities, investing in new machinery specially for export-based manufacturing, reconditioning old machinery and revisiting production lines, and investing in human capital to focus more on developing new products and marketing strategies. LKR depreciation was favourable in terms of revenue and margin in export business,” the release said.
The integrated annual report pays homage to the company’s over 120-year history and sheds light on its far-sighted strategic investments under the theme ‘An Inspiring History.. An Aspiring Future’. The company has prudently invested across a multitude of sectors, with the annual report presenting a sectoral-wise breakdown for the reporting period that saw its FMCG sector – despite compounding market challenges and economic contraction – overtake the Commodity sector in terms of revenue.
The annual report will be presented by the Board of Directors of the Company during its Annual General Meeting scheduled to be held on July 27 and also available for download in print PDF on C. W. Mackie PLC’s revamped website.
About C. W. Mackie PLC
Anchored to a history of more than 120 years, C.W. Mackie PLC is a company listed in the Colombo Stock Exchange (CSE) that specialises in manufacturing, exporting, and importing a wide range of Food and Beverages with the purpose of elevating the quality of life of its stakeholders. The Scan Products Division with its hybrid vertical marketing and distribution channels, is the FMCG arm and the largest growing cluster of C. W. Mackie PLC’s diversified business, and continues to service growing consumer markets through traditional trade, modern trade, HORECA (Hotel, Restaurant and Cafe), and institutional distribution.
Export of crepe rubber, plantation sole crepe & industrial crepe rubber, desiccated coconut & spices, Import & resale of light industrial products, is part of its business.
Company stresses ambition to surpass this milestone
Eyes markets across Africa and beyond
In a groundbreaking achievement for Sri Lanka’s IT and electronics manufacturing industry, EWIS Colombo Ltd, the country’s first and only local computer manufacturer, has successfully exported its first consignment of locally built laptops to Zimbabwe.
This landmark event not only positions Sri Lanka as an emerging force in global IT hardware manufacturing but also highlights EWIS’s commitment to innovation, quality, and excellence on the international stage.
This historic shipment, dispatched from EWIS’s state-of-the-art manufacturing facility in Samajasewapura, Sooriyawewa, underscores the company’s dedication to delivering world-class technology solutions. With over 11 years of expertise in manufacturing and assembly, EWIS Colombo Ltd has played a pivotal role in driving Sri Lanka’s ICT sector forward. As a Board of Investment (BOI) Section 17-approved company, EWIS has established the country’s first and only local computer manufacturing plant, paving the way for the nation’s growth in high-tech exports.
Speaking on this momentous achievement, Sanjeewa Wickramanayake, Chairman of EWIS Colombo Ltd, said: “This milestone is not just for EWIS but for Sri Lanka as a whole. It proves that our country has the talent, capability, and ambition to manufacture and export high-quality IT products, competing confidently on the global stage. As we continue expanding beyond local markets, we take immense pride in showcasing Sri Lanka’s excellence in technology and innovation to the world. EWIS’s commitment to world-class quality is reinforced by its ISO 9001:2015, ISO 14001:2015, CE, FCC, and RoHS certifications, ensuring compliance with international quality, safety, and environmental standards.”
Speaking further he said:
“For nearly four decades, EWIS has been a trailblazer in Sri Lanka’s ICT sector, delivering cutting-edge solutions for education, businesses, and government enterprises.
With over 11 years of local manufacturing and assembly expertise, EWIS has continuously refined its capabilities to produce high-quality, internationally competitive IT hardware. The successful export to Zimbabwe represents a bold step toward expanding EWIS’s global footprint, reinforcing Sri Lanka’s potential as a world-class technology and manufacturing hub.”
The International Institute of Health Sciences (IIHS), a pioneer in healthcare training for over 23 years, has partnered with the University of Surrey, UK, to revolutionise healthcare education in Sri Lanka and the broader South Asian region. This will create a world-class academic pathway for aspiring nursing and healthcare professionals, as well as young individuals seeking careers in the field. Under this agreement, IIHS and the University of Surrey will introduce a series of academic initiatives to enhance healthcare training and accessibility.
These include delivering internationally recognised nursing programmes that allow Sri Lankan and regional students to earn globally competitive qualifications in Sri Lanka.
Commenting on the move, Dr. Kithsiri Edirisinghe, CEO & Dean of Undergraduate Studies at IIHS, said: “This MOU marks a significant step in our mission to deliver world-class healthcare education to Sri Lanka and the region. IIHS remains dedicated to shaping the future of healthcare professionals and fostering global healthcare leadership.” Dr. Shelini Surendran, Associate Dean (International) at the University of Surrey, emphasised: “Sri Lanka is establishing itself as a regional education hub, and this partnership ensures students across Asia can access top-tier UK healthcare education at IIHS. By bridging academic excellence with accessibility, we provide students with a clear pathway to their professional goals.”
Dialog Television, Sri Lanka’s #1 Pay-TV service provider, has partnered with Emerging Media to enhance the convenience and effectiveness of advertising. This collaboration brings together Dialog Television’s world-class entertainment, featuring 18 advertisable channels across genres such as movies, edutainment, kids, music, sports, and local content, with Emerging Media’s expertise in digital advertising and targeted marketing. This synergy creates a seamless platform for businesses to maximize brand exposure across multiple channels.
With a reach of over 1.7 million households, Dialog Television provides advertisers with a powerful avenue to engage diverse audiences. Brands can place advertisements on leading international and local channels such as &flix, Star Movies, TLC, Animal Planet, AXN, Zee Café, Comedy Central, Star Plus, A+, Nickelodeon, Star Vijay, Zee Tamil, Star Sports, Ten Cricket, Sony SIX, ThePapare TV, Channel One, Citi Hitz and Channel C. Through this partnership, Emerging Media will facilitate advertising sales, allowing businesses to target specific viewer segments while simplifying the media buying process with a single point of contact.
Commenting on the partnership, Lim Li San, Group Chief Operating Officer at Dialog Axiata PLC, stated, “As Sri Lanka’s premier Pay-TV service provider, we serve more than 1.7 million households with over 6 million pairs of captive eyeballs across Sri Lanka. Today, we are excited to embark on this partnership with Emerging Media to avail our Dialog Television platform and brand strength to provide quality advertisement exposure and customer engagement to local businesses across Sri Lanka.”
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