Sunshine Holdings Reports Strong 1Q; But Concerned Over Chemical Fertilizer Ban
Daily Mirror - Sri Lanka|August 09, 2021
Sunshine Holdings PLC reported robust sales in the three months to June (1Q22) powered by its expansive interests into healthcare, consumer goods and agri businesses, but the company is concerned that the recent ban on chemical fertilizer could have a bearing on its plantation sector represented by tea, rubber and palm oil.
Sunshine Holdings Reports Strong 1Q; But Concerned Over Chemical Fertilizer Ban

The company known for its Watawala and Zesta tea reported revenues of Rs. 7.35 billion in the April - June quarter, up 54 percent from the same period last year and Rs.6.9 billion in the company’s fourth fiscal quarter ended in March 2021.

The g roup’s healthcare business which engages in pharmaceutical and medical devices propelled the group top-line the most with sales of Rs.4.0 billion, logging an increase of 54.4 percent. The company also runs the well-known, ‘Healthguard’, health and wellness type convenience stores across city limits and some outskirts.

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