Connect with us

Business

Nawaloka Hospitals records ‘impressive’ Rs.120mn PBT

Published

on

Dr. Jayantha Dharmadasa, chairman

Nawaloka Hospitals PLC recorded a stellar growth during the first quarter for FY23/24, with a Rs.120 million profit-before-tax (PBT) in its interim financial statement for the quarter which ended on June 30, 2023, marking a 158 percent increase over the previous year for the same period, a Nawaloka Hospitals press release said.

The release adds: ‘The report highlighted the Group’s recent restructuring and increased activity in key areas such as medical innovation and patient-care excellence, accounting for a swift recovery and positive turnover.

Revenue was recorded at Rs.2.6 billion, a 21 percent increase over the previous year’s Rs.2.1 billion. Similarly, the Group’s Operating Profits rose by 185 percent at Rs.570 million, over the previous year’s Rs.200 million.Share performance also improved with the Group recording an Earning Per Share of 0.085 as at June 30, 2023, compared to the previous year’s (0.148).

Over the same period, the Company recorded a healthy 2,224 percent increase in PBT, marking Rs.94 million over the previous year’s Rs.4 million.The company recorded Rs.1.3 billion in Revenue, a 19 percent growth over the previous year’s Rs.1.1 billion, and an Operating Profit of Rs.423 million, a 72 percent increase over the previous year’s Rs.246 million.

The Company’s Earning Per Share stood at 0.067, proving improved performance over the previous year’s 0.003.Attesting to Nawaloka Hospitals PLC’s positive growth trajectory, Dr. Jayantha Dharmadasa, chairman, Nawaloka Hospitals PLC reflected on some of the organisation’s key milestones in 2023, including the achievement of 15,000 successful heart surgeries performed at Nawaloka Hospitals, and its strong emphasis on patient-care experience improvement.

Some activities under this pillar were the VVIP Elite Center which was launched to offer more customised and privacy-focused healthcare services, as well as the complete overhaul of Nawaloka Hospitals’ homecare and nursing services, which were focused towards providing a superior patient experience.‘Another notable initiative undertaken by the Hospital was its collaboration with the ICBT Campus, to introduce their nursing staff to world-class nursing care education and exposure, which contributed towards the growth of the Hospital’s nurse-staff capabilities and skill, as well as the individual growth of these valued healthcare workers.

“These substantiated figures of growth stand as a testament to the organisation’s core values and efforts in overcoming unfavourable situations with the utmost level of hope and strategic alliance. The turbulence of the previous few years has allowed our organisation to stand out stronger, while continuing our endearing commitment to uplift the standards for our healthcare services, as well as our community contributions. We speculate further growth in the coming quarters, and look forward to a fruitful year ahead,” stated Dr. Jayantha Dharmadasa, Chairman, Nawaloka Hospitals PLC, on the released interim financial statements.



Continue Reading
Advertisement
Click to comment

Leave a Reply

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

Business

From Mt. Fuji to Sri Pada: Lessons from a father-son climb

Published

on

by SK Samaranayake

For Daham Gunasena, reaching the summit of Mt. Fuji with his 12-year-old son was not the end of the journey but the beginning of a different kind of lesson.

Gunasena, Director – Commercial at SPAR Sri Lanka and a senior business leader, academic and Chartered Accountant, spent nearly 12 hours on August 19 climbing Japan’s highest mountain with his son, Methum. After eight hours of climbing, the pair reached the 3,776-metre summit before beginning a demanding four-hour descent to Fujinomiya 5th Station.

“The summit was only halfway,” Gunasena reflected, describing the experience as a lesson in preparation, perseverance and responsibility.

Their journey began two days earlier with a trial excursion to the 6th Station and the volcanic landscape around Mt. Hoei. The experience allowed Gunasena to assess the altitude, terrain, weather and equipment before deciding whether his son was ready for the summit attempt.

The climb itself reinforced the value of taking one step at a time. Rather than focusing on the distant summit, father and son concentrated on the next marker, the next few steps and short periods of rest.

Reaching the summit brought another lesson. After taking photographs and celebrating, they still had four hours of descent ahead of them over loose volcanic terrain.

“Reaching the top was an achievement. Returning safely was success,” Gunasena said.

The experience also prompted him to reflect on how Japan manages Mt. Fuji, including visitor education, digital information, sanitation, transport, safety and environmental protection.

Having climbed Sri Pada 12 times last year and five times so far this year, Gunasena sees opportunities to apply some of these principles in Sri Lanka without compromising the mountain’s unique pilgrimage traditions.

He suggested a comprehensive digital platform for Sri Pada providing information on weather, congestion, transport, sanitation, first aid and emergencies, while educating foreign visitors about its religious significance.

For Gunasena, however, the most enduring lesson was personal: a mountain can teach what lectures cannot—through preparation, perseverance, respect for nature and the shared experience of taking each step together.

Continue Reading

Business

FLIR, Marlbo promote smarter industrial maintenance

Published

on

Sri Lankan industries are being encouraged to adopt advanced condition monitoring technologies to detect equipment problems before they develop into costly failures, as global technology company FLIR and its local partner Marlbo Trading Company strengthen their collaboration.

The companies brought together industry professionals at a technical seminar held on August 20 at Taj Samudra, Colombo, focusing on the use of thermography and acoustic imaging to reduce unplanned downtime, improve energy efficiency and lower maintenance costs.

Organised by Marlbo under the theme “Condition Monitoring Using Thermography and Acoustic Imaging for Measurable ROI,” the seminar highlighted the growing importance of proactive and predictive maintenance in improving equipment reliability and operational efficiency.

FLIR Sales Director – Instrumentation, India, Bhaskar Lala, and APAC Condition Monitoring Specialist David Gambarte shared their expertise on the latest diagnostic technologies and their practical industrial applications.

Thermal imaging can identify abnormal heat patterns linked to electrical and mechanical faults, while acoustic imaging can detect problems that may go unnoticed during routine inspections.

The technology is particularly useful in identifying compressed-air leaks, which can cause significant energy losses and increase operating costs.

Shevon Liyanage, Engineer – Measuring Instruments at Marlbo, also shared insights into applying condition monitoring technologies in the Sri Lankan industrial environment.

Continue Reading

Business

Lumbini Tea Valley wins intl award for Singharaja Wirytips

Published

on

Chaminda Jayawardana receiving the award

Lumbini Tea Valley Ceylon won an award for its Singharaja Wirytips at The Leafies: International Tea Awards held in London in 2024, marking another international recognition for the Sri Lankan tea producer.

The award comes as the company marks two decades of direct exports, with its premium and organic Ceylon teas now reaching 35 countries across six continents.

Established in 1984, Lumbini Tea Valley began its direct export drive after Chaminda Jayawardana joined the family business in 2000 alongside his father, Dayapala Jayawardana. The initiative materialised in 2006 with the company’s first direct shipment—a 15-kilogram consignment of Flowery Broken Orange Pekoe (FBOP) tea to the United States.

Since then, the company has expanded its direct-export operations, which now account for around 20% of its total manufacturing output. Following its transition to organic production, approximately half of its organic tea output is exported directly by the company.

Its key export markets include Japan, the United States, France, the Netherlands, Switzerland and Australia, with direct shipments now reaching 35 countries.

The company said its direct-export model would continue to expand amid growing international demand for traceable, single-origin Ceylon tea, with premium and organic grades at the centre of its export strategy.

Continue Reading

Trending