In fact the sale of shares held in Galadari during the nine months ended December 31has earned the company a capital gain of Rs.904 million. Nawaloka had over 24 percent stake in the city hotel.
The biggest shareholder of the company is Nawaloka group founder and Chairman H.K.J. J. Dharmadasa owning 22 percent while Jayantha Dharmadasa, Deputy Chairman and Managing Director holds 11 percent.
During the nine months, the company has invested Rs.427 million on the purchase of property, plant and equipment and another Rs.677 million in long term investments. The proceeds from the sale of shares including Galadari have been Rs.1.3 billion.
Annualized earnings per share for the December quarter after the share split is Rs.0.17 while the book value per share (BVPS) lies at Rs.2.1 as at December 31.
Nawaloka Hospitals is planning to expand its hospital business to reach people in various regions, including the recently liberated northern and eastern provinces of the country.
"We are planning to set up about ten 20 to 50 bed hospitals in the regions and currently we are in the hunt for suitable lands" Nawaloka Hospitals Deputy Chairman/CEO Jayantha Dharmadasa said
source - www.dailymirror.lk
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