Business
C. W. Mackie announces ‘best financial results in over 100 years of operation’
C. W. Mackie PLC, a diversified conglomerate, 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, a press release said.
The release adds: “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 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%.
‘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 integrated annual report pays homage to C. W. Mackie PLC’s over 120-year history and sheds light on its farsighted 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 the Company’s FMCG sector – despite compounding market challenges and economic contraction – overtake the Commodity sector in terms of revenue. ‘
Business
APHNH aims to make Sri Lanka more competitive for healthcare investment
Sri Lanka private healthcare leaders recently pledged an action plan with timelines to address the practical priorities of Sri Lanka’s healthcare sector while making it more viable for local and foreign investments.
The Association of Private Hospitals and Nursing Homes (APHNH) has committed to converting recommendations from its first Healthcare Leadership Summit into a trackable outcome document with defined actions, responsibilities, and timelines, marking a shift from discussion to implementation in sector reform efforts.
The summit held on March 9 at Waters Edge, Colombo, brought together hospital leaders, policymakers, regulators, insurers, and international experts to address practical priorities for Sri Lanka’s healthcare sector.
A key outcome of the summit was APHNH’s plan to consolidate recommendations into a single, trackable charter that will outline specific actions, assign responsibilities, establish timelines, and provide periodic progress updates.
“Our objective is to bring the right decision-makers into one room and focus on what can be implemented, not only what can be discussed, ” said Raveen Wickremesinghe, President of APHNH. “We are committed to taking the inputs from today and converting them into a clear, trackable set of actions that strengthens quality, transparency and public confidence, while supporting national health priorities. “
The summit featured insights from Dr. Hafeez Rahman Padiyath, Dr. Hamdani Anver, and Chandana L. Aluthgama on scaling quality and operational discipline. A keynote and fireside discussion with Dr. Paiboon Eksangsri, President of the Private Hospital Association of Thailand, explored lessons from Thailand’s private healthcare development and conditions for making Sri Lanka more competitive for healthcare investment.
By Sanath Nanayakkare
Business
Atlas SipSavi Naththal Poronduwa records positive public participation, benefiting 10,000 students
Atlas, Sri Lanka’s No. 1 learning brand, successfully concluded Atlas SipSavi Naththal Poronduwa, a national initiative that saw strong public participation in supporting children at risk of dropping out of school due to financial hardship. At a time when more than 22,000 Sri Lankan children leave school each year due to rising economic challenges, the initiative reinforced Atlas Sipsavi’s long-standing ‘No Child Left Behind’ promise by turning seasonal generosity into meaningful educational support.
The initiative reached 10,000 students, with beneficiary schools carefully selected to ensure support reached those most in need. The collected books were distributed to children at risk of dropping out, including those whose education had been disrupted by recent adverse weather, ensuring students had essential learning resources at the start of the new school term. Through its flagship Atlas SipSavi programme, the brand focused on improving access to education by providing essential learning tools, scholarships, and infrastructure to create better learning environments, bringing its purpose of ‘making learning fun’ to life in a meaningful way. As part of the initiative, the public was invited to donate schoolbooks, with each contribution matched one-for-one by Atlas. Donation boxes were placed at all Keells outlets island-wide and at Sarvodaya District Offices, making it easy for communities to take part.
Business
John Keells Logistics expands strategic engagement with CWIT through inter-terminal transport operations
John Keells Logistics (Pvt) Ltd (JKLL), one of Sri Lanka’s leading third-party logistics solutions providers, has successfully expanded its operational engagement with Colombo West International Terminal (Private) Limited (CWIT), through inter-terminal transport services within the Port of Colombo. This enhanced engagement further strengthens CWIT’s efforts to improve operational efficiency, reliability, and scalability across terminal activities.
Inter-terminal transport plays a critical role in modern port operations, requiring high levels of coordination, precision, and operational discipline. JKLL’s appointment for ITT operations reflects CWIT’s confidence in the company’s demonstrated capabilities in managing complex transport operations within a high-throughput port environment.
The ITT operations are underpinned by JKLL’s technology-enabled logistics framework, incorporating real-time fleet tracking, performance monitoring systems, and data-driven operational planning. These capabilities provide enhanced visibility and control over transport movements, while ensuring compliance with established safety, productivity, and service quality standards.
The awarding of this engagement to JKLL is a testament to the successful implementation of the Inter-Terminal Vehicle (ITV) operations undertaken by John Keells Logistics at CWIT during the previous year. The ITV assignment was executed through structured operating procedures and disciplined service delivery, contributing to improved cargo movement, operational coordination, and service continuity within the terminal. The performance outcomes of the ITV operations provided the basis for the subsequent expansion of the partnership into ITT services.
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