Connect with us

Business

Janashakthi Life records steady growth in spite of Covid – 19 related challenges

Published

on

Demonstrating the company’s resilient spirit in spite of Covid – 19 related challenges, Janashakthi Insurance PLC (Janashakthi) posted pre-tax profits amounting to Rs. 545.03 million for the nine months ended September 30, 2020, reflecting a double-digit year-on-year growth of 18 percent, in comparison to the corresponding period in the previous year. The Company’s net income recorded a growth of 14 percent at Rs. 4.80 billion in comparison to the previous year’s Rs. 4.20 billion.

The key contributors to the increase in net income are investment income, realized gains and fair value gains. Furthermore, prudent and active investment decisions resulted in the company’s investment portfolio being positioned favorably despite the volatile market conditions. This is also reflected in the investment yields enabling a continued growth momentum for Janashakthi.

Janashakthi’s earnings per share reflected a growth of 38 per cent reaching Rs. 2.23 from Rs. 1.62 recorded during the previous year. While its net assets per share stood at Rs. 42.96, the company recorded a Gross Written Premium (GWP) of Rs. 2.69 billion for the nine months ended 30 September 2020, while its total assets stood at Rs. 24.80 billion for the period under review in comparison to Rs. 22.03 billion recorded during the corresponding period in the previous year.

“The Covid – 19 pandemic continues to pose complex and interconnected challenges to all industries across the country. However, in spite of such unprecedented challenges, I am pleased to note that we have achieved a noteworthy profit growth. Our timely response to challenges, the dedication of our staff, in particular our field staff and digitalization initiatives largely contributed to our consistent performance even during such trying times,” commented Prakash Schaffter, chairman of Janashakthi Insurance PLC.

In conclusion he further added, “As we continue to effectively navigate the new normal in the industry, we plan to intensify our focus on customer centric digitalization. Furthermore, we hope to continue our growth momentum with our new Chief Executive Officer, Ravi Liyanage who will be instrumental in leading our organisation to reach greater heights”.

 

 



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Sri Lanka’s EWIS makes history: First homegrown laptops shipped to Zimbabwe

Published

on

Top photo: EWIS dispatches the first-ever overseas export of locally manufactured laptops to Zimbabwe. Bottom photo shows the media briefing: (from left) - Nirmal Peiris - Director International Relations & Business Development EWIS, Roseanne Wijayanayaka – Director EWIS, Sanjeewa Wickramanayake – Chairman EWIS, Chamara Sahabandu - General Manager, EWIS.

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.”

Continue Reading

Business

Dialog Television and Emerging Media Introduce one-stop advertising solution

Published

on

From left: Yamith Anuradha, Product Manager - Advertising Business, Dialog Axiata PLC; Jeffrey Baldsing, Head of Channel Advertising – DTV, Dialog Axiata PLC; Pubudu Aluthgedara, Head of Business - Media and Content, Dialog Axiata PLC; Harsha Samaranayake, Vice President - Brand and Media, Dialog Axiata PLC; Lim Li San, Group Chief Operating Officer, Dialog Axiata PLC; Sanjeewa Rajapakshe, Founder / Managing Director, Emerging Media; Tyner Fernando, Co-Founder / Director, Emerging Media; N. Hearath, Chief Executive Officer, Emerging Media; Rohantha Weerasekera, Cooperate Sales Manager - Local Channels, Dialog Axiata PLC.

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.”

Continue Reading

Business

IIHS partners with University of Surrey to transform healthcare education

Published

on

Dr. Kithsiri Edirisinghe (CEO / Co-Founder / Director - IIHS), Minnell Vanderpoorten (Director Operations - GHC), Stephanie Gloria Anthony (Campus Director - IIHS) with other academics

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.”

Continue Reading

Trending