Thursday Dec 26, 2024
Thursday Dec 26, 2024
Tuesday, 18 June 2024 00:05 - - {{hitsCtrl.values.hits}}
Diversified conglomerate Sunshine Holdings PLC recognised their best-performing employees during the financial year of 2023/24 at the recently concluded SUN Awards 2024.
The three business sectors of the Group – healthcare, consumer goods, and agribusiness – held their respective awards ceremonies under the theme of ‘Ignite the Future’.
The awards ceremonies were graced by Sunshine Holdings Group Chief Executive Officer Shyam Sathasivam, Sunshine Holdings Group Deputy Chairman Vish Govindasamy, key members of the Sunshine Group’s executive committee, and distinguished guests and employees. A total of 156 awards – Merit, Excellence, and Chairman’s Awards – were distributed among high performing individuals and teams at the SUN Awards ceremonies.
Additionally, 89 long-standing awards were presented to recognise the commitment and loyalty of employees who have contributed to the company’s success over 10 to 25 years. To celebrate the lighter side of workplace achievements and camaraderie, 13 Fun Awards were also given during the awards ceremonies. Among the 3,000+ professionals that make up the SUN workforce, these awardees stood out for their outstanding performances and contributions towards the Group’s success.
Addressing each awards ceremony, Sathasivam stated: “I would like to thank all of you and congratulate you for your performance. All teams from each business vertical make up what it is to be a Sunshine member, and all of you make this Group perform. Last year has been challenging for us all; however, every year, one thing is certain; despite numerous challenges, Sunshine Holdings as a Group moves ahead with perseverance, innovation, responsibility, and integrity. During the last financial year, all of you have worked hard to bring tremendous success to the company. We as a business exist because of our people, and our success will also be because of you.”
The awards nights were made more colourful with performances by home-grown talent of Sunshine Holdings. The entertainment acts included singing and dancing, showcasing the diverse and vibrant abilities of its employees.
Sunshine recorded a consolidated Group revenue of Rs. 55.5 billion for the year ended 31 March, a 7% Year-on-Year (YoY) growth. Profit after tax (PAT) for the period in review increased by 66.4% to Rs. 6 billion. The gross profit also increased by Rs. 3.7 billion, representing a robust 27.6% YoY growth, primarily driven by the margin expansion in both the healthcare and consumer segments.
The gross profit margin for the period stood at 31%, marking a significant improvement of 500 basis points compared to the previous year. The Group’s healthcare business emerged as the largest contributor to Sunshine’s revenue, accounting for 50% of the total, while the consumer goods and agribusiness sectors of the group contributed 34.8% and 15% respectively of the total Group revenue.
