Company filings and market news from across Sri Lanka's stock market.
Sunshine Holdings PLC won 14 awards at the SLIM National Sales Awards 2024, including the 'Best of the Best Territory Managers' award and three Golds, with wins from Sunshine Consumer Lanka and Sunshine Healthcare Lanka.
Sunshine Holdings reported consolidated 9MFY25 revenue of Rs. 45.2bn (up 6.7% YoY) while PAT fell 14.1% to Rs. 4.7bn and the group announced a share split. The healthcare segment drove growth (revenue +17.8% to Rs. 24.8bn) while agribusiness (Watawala) revenue fell 7.1% to Rs. 6.0bn and consumer brands declined 3.1%.
Sunshine Holdings (SUN.N0000) reported consolidated 9MFY25 revenue of LKR 45.2 billion, up 6.7% YoY, while profit after tax fell 14.1% to LKR 4.7 billion. Healthcare revenue rose 17.8% to LKR 24.8 billion; agribusiness (including Watawala) revenue fell 7.1% to LKR 6.0 billion and Consumer Brands declined 3.1%.
Sunshine Holdings (SUN.N0000) reported a 15% drop in quarterly profits to Rs 1,339 million for the December 2024 quarter (EPS Rs 2.42). Revenue rose 6% to Rs 15.1 billion, with healthcare and pharmaceutical sales up (healthcare +17.8%, pharma +14.3%) while overall nine-month profits fell 11%.
Sri Lanka stocks fell, with the ASPI down 1.01% to 16,566.27 as investors awaited next week's government budget; turnover was low at Rs 2.07 billion and net foreign outflows totalled Rs 35.5 million, with financials and capital goods weighing on the market.
Sunshine Holdings' pharmacy distribution arm Healthguard Distribution has partnered with Breathe Free Lanka (a wholly owned Cipla subsidiary) to expand availability of Cipla products across Sri Lanka. The deal will use Healthguard's island-wide, temperature-controlled distribution and cold-chain systems to supply retail pharmacies.
Hiran Samarasinghe, Chief Growth Officer of Sunshine Holdings PLC, said the CFA Program boosted his career and directly supported work at Sunshine — including building investor relations, completing M&A, structuring a dollar interest-rate swap, and evaluating government bonds.
The India Cup Golf Tournament 2025, hosted by ILCCI at Royal Colombo Golf Club on 24 Jan, drew over 100 participants and served as a networking event for Indian and Sri Lankan business leaders; sponsors included Carson Cumberbatch, Lanka Ashok Leyland, Lanka IOC and Sunshine Holdings.
Sunshine Holdings (SUN.N0000) held 'Sunshine Spotlight 2024' to recognise employee achievements and highlighted training programmes: 'Base Camp' trained 43 employees with PIM and 'Best to Brand' ran a seven-month programme for Sunshine Consumer sales teams. The initiatives aim to boost leadership, management and personal branding to support long-term growth.
Fitch recalibrated Sri Lanka’s national rating scale, upgrading seven non-financial corporates (including Sri Lanka Telecom to AA-(lka), Windforce to A+(lka) and Resus Energy to A-(lka)) and revising Bogawantalawa Tea Estates to BBB+(lka).
Share split · 1:4 · XD Feb 19, 2025
Colombo Stock Exchange closed higher as ASPI rose 0.71% to 16,373.15, led by banks and capital goods stocks. Heavy volumes included Sierra Cables, Teejay Lanka and LOLC Finance, with Teejay Lanka, NDB, DFCC and Ceylon Cold Stores among top contributors.
Sunshine Holdings PLC held 'Sunshine Spotlight 2024' to recognize employee achievements and development; its Base Camp program trained 43 employees and the seven-month Best to Brand program targeted Sunshine Consumer sales teams.
Sunshine Holdings' board approved a 1-for-4 share subdivision, increasing shares from 492 million to 1.97 billion. Stated capital remains Rs.4.24 billion, the proposal is subject to shareholder and CSE approval, and the stock closed at Rs.94.50 (up 11%).
ASPI rose 1.5% (232 pts) for a 22nd straight gain while the S&P SL20 is about 50% YTD, with turnover of Rs.7bn led by heavy activity in LOLC, HNB, SUN, SAMP and SPEN as T‑bill yields eased and retail participation rose.
Colombo Stock Exchange closed up after the holiday: ASPI +1.53% (232.13 pts) at 15,400 and S&P SL20 +1.48% (67.15 pts) at 4,602, with turnover Rs7bn. Top positive contributors were LOLC Holdings, Hatton National Bank, Sunshine Holdings, Sampath Bank and Aitken Spence.
Share split · 1:4 · XD Feb 19, 2025
Split issue
Colombo Stock Market closed mixed: ASPI +40 pts (+0.27%) while S&P SL20 -14 pts (-0.3%), with turnover Rs.5.85bn on 357m shares and a net foreign outflow of Rs.1.5m. Top contributors included Ceylon Cold Stores, PGP Glass, John Keells, Lanka IOC, Dipped Products and Lanka Milk Foods, with Food, Beverage & Tobacco leading turnover.
Colombo market closed with the ASPI up 0.27% at 14,654.26 while the S&P SL20 fell 0.32% to 4,390.12 as profit-taking in banking stocks weighed on the SL20. Top gainers included Ceylon Cold Stores, PGP Glass, John Keells, Dipped Products and Lanka IOC; net foreign outflow was Rs 1.4 million.
Colombo Stock Exchange closed higher: ASPI rose 2.08% to 14,500 and S&P SL20 rose 2.48% to 4,349 on Dec 16, 2024, with turnover of 8.2 billion. Top turnover generators included Ceylinco, John Keells, Sampath, HNB and Pan Asia; banking stocks rose after the ISB announcement and net foreign inflow was Rs 100 million.
Colombo Stock Exchange ASPI rose 0.77% (105.38 pts) to 13,718 as turnover reached Rs4.4bn. Major contributors were diversified financials, capital goods and food/beverage/tobacco, with heavy volumes and gains in Asia Asset Finance, Ambeon Capital, Hayleys, Central Finance, Lanka IOC and others; Sampath Bank fell and net foreign inflow was Rs47mn.
Colombo Stock Exchange ASPI rose 0.40% to 13,613 and S&P SL20 gained 0.41% to 4,069 on Friday, with turnover Rs4.9bn and a net foreign outflow of Rs429m. Major contributors included Hayleys, Sunshine Holdings, LOLC, Access Engineering and Royal Ceramics; heavy volumes in HNB Finance and plantation stocks.
Colombo Stock Exchange closed up as ASPI rose 0.84% to 13,355, led by the food, beverage and tobacco sector (Rs783mn turnover). Top turnover movers included Agarapatana, Dipped Products, Central Finance, ACL Cables and CIC; Sunshine Holdings (amalgamation announced) also closed higher.
Seven listed corporates (John Keells, Carson Cumberbatch, Aitken Spence, LOLC, Commercial Bank, Sunshine and Elpitiya Plantations) supported the Daily FT-CICRA 10th Annual Cyber Security Summit, which provided cyber security training to over 100 state university students. The full-day event covered fraud detection, data breaches and AI-related cyber risks and included a night hack and CEO Forum.
Fitch affirmed Lion Brewery (Ceylon) PLC’s National Long-Term Rating at 'AAA(lka)' with a Stable outlook, citing strong market position and financials but noting medium-term competition from a new beer launch; Fitch also highlighted net cash position, margins and export plans.