World · Sri Lanka Bureau
Hemas Holdings posts 9.5% revenue growth in first half of 2024
Sri Lanka's diversified conglomerate Hemas Holdings has reported first-half revenues of Rs. 67 billion, driven by robust performance in the second quarter. The result represents a 9.5% year-on-year increase for the period.
LSN Sri Lanka ·
Hemas Holdings, one of Sri Lanka's leading business groups, achieved consolidated revenues of Rs. 67 billion in the first half of the year, reflecting accelerating momentum across its operations.
The strong second-quarter performance provided the primary driver for the first-half gains, with the company demonstrating improved commercial traction across its portfolio of businesses spanning healthcare, consumer products, and distribution services.
The 9.5% revenue growth signals sustained demand recovery in key market segments as Sri Lanka's economy continues to stabilize following previous macroeconomic challenges. The results underscore Hemas' diversified business model and operational resilience during a period of gradual economic normalization.
The company's performance reflects improved consumer spending and healthcare sector activity, which form core components of the Hemas portfolio. The first-half results position the group favorably as it approaches the second half of the financial year.