Sri Lankan diversified conglomerate Hemas recorded an increase in revenue of 22.5 per cent, to Rs. 23.7 billion, and an operating profit growth of 38.2 per cent, to Rs. 2.2 billion, for the nine months to December 31, 2013, with these being driven by the healthcare, fast moving consumer goods (FMCG) and transportation sectors. Quoted [...]

The Sundaytimes Sri Lanka

Hemas revenue, profits up from healthcare, FMCG, transportation

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Sri Lankan diversified conglomerate Hemas recorded an increase in revenue of 22.5 per cent, to Rs. 23.7 billion, and an operating profit growth of 38.2 per cent, to Rs. 2.2 billion, for the nine months to December 31, 2013, with these being driven by the healthcare, fast moving consumer goods (FMCG) and transportation sectors.

Quoted in the company’s financials, its Chief Executive Husein Esufally additionally revealed; “Revenue growth was primarily driven by our Healthcare, FMCG and Transportation sectors which grew by 32.4 per cent, 26.8 per cent and 44.6 per cent, respectively, while increase in earnings was led by Healthcare, FMCG and Power sectors which posted a growth of 23.2 per cent, 6.7 per cent and 29.6 per cent respectively”.

Commenting sector-by-sector, Mr. Esufally noted; “The FMCG sector ended the quarter on an encouraging note recording revenue of Rs 7.2 billion, a 26.8 per cent growth over the previous nine months, while sector operating profits grew at 23.8 per cent to record Rs. 660 million. The sector’s personal care and personal wash categories were the main contributors to growth with Baby Cheramy, Clogard and Diva being the top performing brands.

The sector is poised for an eventful quarter, with an active programme of re-staging key Brands to enhance appeal with consumers”.
He further added; “Our Healthcare sector recorded revenues of Rs. 8.8 billion, a growth of 32.4 per cent over the same period last year, whilst the sector operating profit increased by an impressive 25.1 per cent to reach Rs. 741 million. Sector revenue was largely driven by the positive performance of our Pharmaceutical distribution business together with our new hospital at Thalawathugoda. Our Pharmaceuticals business posted an 18.9 per cent growth in revenue, strengthening its market leadership position and increasing its market share to 19.2 per cent”. (JH)

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