Company Overview and News

Consumer goods & agri sectors boost Sunshine group profits by 23-pct

2018-02-09 lankabusinessonline
9MFY18 Highlights • Consolidated revenue of Rs.15.6 billion, an increase of 12.4% YoY • PAT amounted to Rs. 1.6 billion, up 23.0% YoY, due to strong Agri and Consumer Goods sector results • Healthcare revenue up 3.3% YoY to Rs. 6.0 billion • Strong growth in Consumer Goods, revenue up 27.4% YoY to Rs 3.8 billion • Agri revenue grew 13.3% YoY to Rs 5.4 billion • EPS grew 63.8% YoY to Rs 5.29

Tata Global Beverages sells stake in JV for Rs 120 cr

2017-12-28 moneycontrol
Tata Global Beverages (TGBL) has sold its stake in joint venture firm Estate Management Services Private Limited (EMSPL) for a consideration of Rs 120 crore.

Tata Global Beverages sells stake in JV for ₹120 cr

2017-12-28 thehindubusinessline
Tata Global Beverages (TGBL) has sold its stake in joint venture firm Estate Management Services Private Limited (EMSPL) for a consideration of ₹120 crore.

Planters Association calls for greater support in oil palms 

2017-11-30 lankabusinessonline
Nov 30, 2017 (LBO) – Sri Lanka’s Planters Association has called for more support for palm oil as profits from the crop are rising at a healthy pace.

Sri Lanka’s Watawala Plantations to separate tea business

2017-06-30 lankabusinessonline
June 30, 2017 (LBO) – Sri Lanka’s Watawala Plantations is planning to set up a separate company relating to the tea business segment of the company by segregating its operational assets and liabilities.

Sunshine Holdings achieves highest-ever revenue and profits for a single quarter in 1Q 2016/17

Diversified Conglomerate concludes 1st Quarter on a high with 30% Profit growth, boosted by turnaround in Agribusiness

ETCA first round of negotiations starts soon: Indian High Commissioner

2016-08-04 lankabusinessonline
Aug 04, 2016 (LBO) – India’s High Commissioner in Sri Lanka Y. K. Sinha says that the first round of negotiations on the Indo-Sri Lanka Economic and Technology Cooperation Framework Agreement (ETCA) will start shortly.

‘Zesta Connoisseur’ range of exclusive Ceylon Teas launched at Shangri-La Hotels & Resorts worldwide

Watawala Tea Ceylon inks exclusive partnership with Shangri La, Asia’s leading luxury hotel group, regarded as one of the world’s finest hospitality players Watawala Tea Ceylon, a Sunshine Holdings Group company, announced its partnership with Shangri-La Hotels and Resorts to launch its premium brand – ‘Zesta Connoisseur’ teas – at 90 plus luxury properties of the hotel chain across 24 countries.

Sunshine-Watawala group enters dairy business with US $ 11.5mn investment

Diversified conglomerate Sunshine Holdings PLC’s subs idiary Watawala Plantations PLC yesterday entered into a joint venture with Singapore-based asset manager Duxton Asset Management to set up a US$ 11.5 million dairy operation in Lonach Estate in Watawala. “Today we have signed a joint venture of approximately US$ 11.5 million for a dairy farm in Lonach Estate in Watawala Plantations” Sunshine Holdings Managing Director Vish Gowindasamy said.

Sri Lanka’s Watawala Plantations invests in new dairy farm

2016-03-24 lankabusinessonline
Mar 24, 2016 (LBO) – Sri Lanka’s Watawala Plantations, one of the largest tea plantation companies in the island has entered into a Joint Venture Agreement with PADC Holdings in Cayman to set up a new dairy farm.

Nepal billionaire’s Zinc Journey brand launched in Sri Lanka

Nepal’s only billionaire Binod Chaudhary’s CG Group launched the ambitious Zinc Journey brand in Sri Lanka yesterday in partnership with several local leading hospitality companies.

Watawala plantation 9-mth profit +7 pct on palm oil, lower tax

2016-01-27 lankabusinessonline
Jan 27, 2016 (LBO) - Sri Lanka's Watawala Plantations PLC reported net profit of 439 million rupees for the nine months to 31 December 2015, up seven percent, on profits from palm oil and lower out...

Should Plantation Workers Be Working At Poverty Level Wages ?

2016-01-17 colombotelegraph
By Vijaya Kumar – Special correspondents and bigwigs in the planation industry keep hammering at us that plantation workers in Sri Lankan are vastly overpaid, any increases in pay will be spent on liquor, no increase in pay is possible unless tied to productivity and that workers should agree to a new system where...

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