Sunshine Holdings wins Gold for ‘Best Investor Relations’ at CFA Capital Market Awards 2024

Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) won Gold at the CFA Society Sri Lanka Capital Market Awards. Held at the Cinnamon Grand Colombo recently, the prestigious Gold award was conferred for ‘Best Investor Relations’ (Mid to Large Cap Companies), recognising Sunshine Holdings’ resilience and commitment to seizing opportunities and maintaining exceptional investor relations. This is the fourth time Sunshine Holdings has won the Gold award in the 12-year history of Capital Market Awards.

A flagship event in the CFA Society Sri Lanka calendar, this year’s CFA Capital Market Awards was held under the theme of ‘The Power of Public-Private Partnerships’, focusing on the current status of public-private partnerships in Sri Lanka and their future potential. Awards were presented under Best Stockbroking Research Team, Best Equity Research Report, Best Sector Research Report, Best Investor Relations, Best Unit Trust Fund and Best ESG Reporting, with Gold, Silver and Bronze awards in each category, respectively.

For the Best Investor Relations award, the Capital Market Awards by CFA recognised companies that practiced active investor relations, fostering interactive communication with the investor community and encouraging best practices. Based on their investor relations practices and responsiveness, companies were shortlisted in two categories—large to mid-caps and small caps. A comprehensive survey involving analysts from stockbroking firms, fund managers, and institutional investors was conducted to rank these shortlisted companies. The evaluation criteria focused on the accessibility and responsiveness of management, the quality, transparency, and fairness of disclosures, and the consistency of the investor relations function under all economic conditions.

Amidst such criteria, winning the Gold award is a further testament to Sunshine’s unwavering efforts to raise the benchmark for industry best practices and remain a force for good in Sri Lanka's capital markets. Apart from winning the Gold award four times, Sunshine Holdings has also won the Silver in 2019 and 2023 and the Bronze in 2015. 

Sunshine Holdings Chief Growth Officer Hiran Samarasinghe commented on the award, “It is a great honour to receive this coveted Gold award at the CFA Capital Market Awards. This recognition highlights our commitment to transparent, responsive, and proactive communication with our investors. At Sunshine, we believe that strong investor relations are fundamental to our success, and this award reflects our entire team’s dedication and hard work. Sunshine will continue to uphold the highest standards of transparency and engagement, fostering trust and confidence within the investor community.”

CFA Society Sri Lanka Capital Market Awards recognises remarkable achievements within Sri Lanka’s capital market community and among listed entities. They hold immense value for companies, individuals, and the industry, highlighting best practices, innovation, and outstanding performance. Furthermore, these awards set a benchmark for excellence and recognise trailblazers who shape the future of Sri Lanka’s capital market industry.

The Sunshine Investor Relations team is headed by Hiran Samarsinghe and comprises Kirana Jayawardena, Senior Manager - Financial Planning and Analysis and Hasantha Miriyagalla, Manager – Corporate Finance & Strategy. 

Kirana Jayawardena, Senior Manager - Financial Planning and Analysis, Hiran Samarsinghe, Chief Growth Officer and Hasantha Miriyagalla, Manager – Corporate Finance and Strategy

About Sunshine Holdings PLC

Sunshine Holdings PLC is a publicly listed conglomerate contributing to ‘nation-building’ by creating value in vital sectors of the Sri Lankan economy – in the healthcare and consumer sectors, with strategic investments in agribusiness.

Established in 1967, the Group is now home to leading Sri Lankan brands such as Zesta Tea, Watawala Tea, Ran Kahata, Daintee, Milady, Healthguard Pharmacy and Lina Manufacturing, with over 2,000 employees and revenue over LKR 55 billion. The business units comprise of Sunshine Healthcare Lanka, Sunshine Consumer Lanka, and Watawala Plantations PLC, which are leaders in their respective sectors and most of them certified as a “Great Place to Work” in 2023.

We believe that the purpose of our existence is to “Bring good things to life” and that means, we will make available to all Sri Lankans, quality medicines and consumer products at affordable prices therefore ensuring a better quality of life for all. Our growth has been defined by our commitment to conduct our business ethically and staying true to our values.