• Watawala Tea Ceylon Ltd. (WTCL)

The largest branded tea company in the country, WTCL is a joint venture between Sunshine Holdings and Pyramid Wilmar. Its tea brands are trusted names in the domestic and international markets.

Contribution towards Group Revenue

Strategic Alliances

Business Partners

• Keells
• Cargills
• Arpico
• Laugfs
• Sathosa

Performance Highlights of the Year

• Revenue improved 8.9% year on year to Rs. 5.85 Bn.
• Market leader in branded teas with 36% market share
• Net profits increased by 66%

Outlook for 2018/19 and Beyond

Continued investment in Zesta, Watawala, and Ran Kahata. Diversification of product portfolio with healthy beverages.

• Watawala Plantations PLC
• Watawala Dairy Ltd.
• Hatton Plantations PLC

Supported by Singapore-based strategic partners.

Contribution towards Group Revenue

Strategic Alliances

Performance Highlights of the Year

• Revenue decreased 2.6% year on year to Rs. 7.1 Bn.
• Palm oil production contributed approximately 43% of sector revenue
• Net profits decreased by 45%

Outlook for 2018/19 and Beyond

Continued focus on tea and palm oil, while looking to scale up dairy business and exit tea plantation business.

• Sunshine Energy (Pvt) Ltd. (SEL)

A fully-owned subsidiary, SEL contributes to the national grid through three mini-hydropower and one rooftop solar plant with a combined capacity of 7.1 MW and is exploring other renewable energy sources.

Contribution towards Group Revenue

Strategic Alliances

Performance Highlights of the Year

• Revenue improved 43% year on year to Rs. 356 Mn.
• Renewable energy posts best results in five years
• Net profits increased by 32%

Outlook for 2018/19 and Beyond

We are seeking to diversify our renewable energy generation to other sources such as solar, with the potential to significantly contribute to the annual 6-7% increase in the country's power demand.