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    SUN.N0000   LK0160N00008

SUNSHINE HOLDINGS PLC

(SUN.N0000)
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Sunshine : Foundation for Good donates 12 ICU beds worth Rs. 7 m to aid battle against COVID-19

06/01/2020 | 11:59pm EDT

Sunshine Foundation for Good, the Corporate Social Responsibility (CSR) arm of the diversified conglomerate Sunshine Holdings, recently donated 12 fully-equipped Intensive Care Unit (ICU) beds worth Rs. 7 million to the Ministry of Health.

Sunshine will work closely with the Ministry to place these new beds in the ICUs of COVID-19 reference hospitals located throughout Sri Lanka. The donation was handed over to President Gotabaya Rajapaksha by Sunshine Holdings Group Managing Director Vish Govindasamy, in the presence of Minister of Health Pavithra Wanniarachchi.

The 'Pioneer 4' ICU beds, developed by globally-renowned healthcare equipment producer Meissa, are equipped with electric motors for smooth functioning, and all bed adjustments can be operated remotely which can prevent cross-contamination inside the unit.

Some of its advanced features include auto CPR, auto contour, cardiac chair position with one button, and shock position with one button help to improve the patient care at the time of an emergency. Thanks to its hygienic design, hospitals can maintain the sterility inside the unit, and X-ray translucent top helps to diagnose the patient without shifting. The bed is also backed with battery backup to maintain operation when not powered by the main electrical supply.

Commenting on the latest donation, Sunshine Holdings Group Managing Director Vish Govindasamy said: 'Integrating corporate sustainability to our business strategy has been one of the key objectives for Sunshine, and CSR has empowered our organisation to engage in many actions and initiatives over the years. Now more than ever, we are joining forces with the public authorities to fight the COVID-19 pandemic and safeguard all Sri Lankans. Supporting the ICUs is a top priority. It is our sincere hope that these beds will not be necessary at this critical time after all and that they will remain available to the national health system for the long run.'

With their latest donation of ICU beds, Sunshine Holdings as a group has contributed more than Rs. 20 million in donations to assist the government, frontline healthcare workforce and military in mitigating the spread of COVID-19 in Sri Lanka.

Initiated to commemorate the Group's 50th anniversary, the Sunshine Foundation for Good centralises all CSR efforts undertaken by Sunshine Holdings through a sustainability committee and a project chair with clear objectives that will aim to drive change towards sustainability, with health and education as The Foundation's two main pillars.

© Pakistan Press International, source Asianet-Pakistan

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Financials
Sales 2022 29 070 M 146 M 146 M
Net income 2022 4 124 M 20,7 M 20,7 M
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 3,40%
Capitalization 11 217 M 56,1 M 56,2 M
Capi. / Sales 2022 0,39x
Capi. / Sales 2023 0,35x
Nbr of Employees 3 130
Free-Float 9,94%
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Visvanathamoorthy Govindasamy Group Managing Director & Executive Director
Aruna Deepthikumara Group Chief Financial Officer
Munir Ahmad Shaikh Non-Executive Chairman
Harsha Duminda Abeywickrama Independent Non-Executive Director
Asite Drupath Bandara Talwatte Independent Non-Executive Director
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