Financial Times

Gotabhaya: Sri Lanka heads for new economic goals

Defense Secretary Gotabhaya Rajapaksa, in his first statement as Chairman of Lanka Hospitals Corporation PLC, owners of Apollo Hospital Colombo, says Sri Lanka is united as one country and one people after three decades of terrorism and is on the verge of a catalytic rise in economic accomplishments.

In the Lanka Hospitals 2009 Annual Report released this week, Mr. Rajapaksa said the role of the citizens of Sri Lanka is to precipitate and move towards achieving great heights in economic, infrastructural and social development. ‘With dedication, hard work and able leadership I am confident that as a nation we will make our mark.’

Addressing the Board in the Chairman’s Statement, Mr. Rajapaksa said ahead are challenging times but also times that promise the prospects of triumph. Mr. Rajapaksa added that he is of the firm belief that commercial success must go hand in hand with societal responsibility, especially as now is an opportune time to rebuild the very fabric of the society, which for years has undergone a multitude of hardships and sacrifices.

Mr. Rajapaksa also stated that in the year ahead, a number of strategic initiatives will be put in place to position Lanka Hospitals as a ‘hospital and corporate that is truly world-class.’ To this effect, the medium goal of Lanka Hospitals is to be recognized as the best healthcare solutions provider in the South Asian region. He added that plans are underway to relaunch the entirety of the company’s portfolio in a strategic and concerted bid to notch its services to an all-new standard.

Mr Rajapaksa was appointed to the new board, after SLIC returned to state control following the cancellation of its privatisation by the Supreme Court.

Increased revenue and declining finance costs resulted in a net profit of Rs.41.1 million for the year ended 31 March 2009 compared to a net loss of Rs.286.3 million in 2008.

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