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Aitken Spence Hotels’ sustainability ethos commended yet again!

22 Aug

Premier hospitality chain, Aitken Spence Hotels, reaffirmed their position as leaders in sustainable hospitality with four Heritance Hotels & Resorts properties walking away with multiple accolades at the National Sustainability Tourism Certification (NSTC) ceremony held on 5th August 2019.

Heritance Kandalama was the only property to be recognised in the Platinum category, the highest accolade awarded at the NSTC, whilst securing a special award for Environmental Preservation. Heritance Tea Factory was placed in the Gold category followed by a special award for Effective Sustainability Management. Heritance Ahungalla and Heritance Ayurveda were commended as Bronze winners.

This recognition programme was convened by the Sri Lanka Tourism Development Authority (SLTDA) with the technical and financial assistance of Biodiversity Finance Initiative (BIOFIN) of UNDP in mid-2018. The efforts capture the industry’s stance towards the global movement for sustainable tourism and to successfully compete as a high-demand destination.

Aitken Spence Hotels, having operated on a comprehensive sustainable model that takes into account the varied attributes that encompass the triple bottom line, has been a forerunner in the industry for its long-term vision supporting a well-balanced business ecosystem. Moreover, the hotel chain has been recognised both locally and internationally for its efforts. In particular, Heritance Kandalama pioneered the integration of environment and social conscious practices into hotel operations and implementing an extensive 7R system (Reject, Reduce, Reuse, Reclaim, Repair, Replace and Recycle) to reduce carbon and waste footprint.

Among its many accreditations are Heritance Kandalama being the first Green Globe 21 certified hotel in Asia, the first Leadership in Energy and Environmental Design (LEED) certified hotel in the world and the first hotel chain in the World to have a certified energy management system (ISO 50001:2011). All Heritance Hotels and Resorts in Sri Lanka are Travelife Gold certified, while also adhering to ISO standards in environmental management, HACCP food safety and energy management.

“We are elated to be recognised in the National Sustainability Tourism Certification awards. It attests the hard work of our teams to provide exceptional hospitality services while also protecting the environment and empowering our communities.” Aitken Spence PLC Director, Head of Tourism & Leisure, and Chairperson of Aitken Spence Hotels Management, Ms. Stasshani Jayawardena said.

“Aitken Spence Hotels have carved a niche in the industry for its forward-thinking holistic sustainability practices that goes beyond the general understanding from an ‘eco’ perspective. The practices have been firmly established within the core of our operations, enabling us to lead from the onset. Our teams continually work towards improving the processes year on year, combining our expertise with emerging trends to serve the industry in the most sustainable manner.” she added further.

More on the hotels’ sustainable endeavours can be viewed at http://bit.ly/33grgzY  (Annual Report 18/19).

The Heritance Hotels and Resorts is part of the hospitality arm of Sri Lankan blue-chip conglomerate Aitken Spence PLC which operates 21 hotels and resorts across Sri Lanka, Maldives, Oman and India. The Company’s owned hotels are reflected under the Heritance, Adaaran and Turyaa brands, popular around the world for its exceptional service and undisputed product and curated lifestyle experiences. The Company’s Sri Lankan portfolio includes 11 resorts spread across the island, whilst the Maldives resorts totals to five, four in Oman and one in India.

Heritance Kandalama General Manager Priyan Wijerathne receiving the award

 

Heritance Tea Factory team receiving the award and certification

 

Heritance Ahungalla General Manager Sisira Senarath receiving the certificate

 

Heritance Ayurveda General Manager Janaka Buddhakorala receiving the certification

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Strength in Diversity: Aitken Spence Shows Resilience with 17.5% Revenue Increase in 1Q

8 Aug

In the aftermath of the devastating events of 21st April in Sri Lanka, the first quarter of 2019 was adversely impacted. As the country copes with multiple challenges, Sri Lanka’s economic growth is forecast at 2.7% in 2019. Overall, the performance of the services sector in the country declined to 4.1% year-on-year, compared to 5.5% GDP growth last year. Among other industries, tourist arrivals to Sri Lanka in May 2019 recorded a drastic decline of 70.8% from the arrivals in May of 2018. Although the arrivals increased by 19% by June 2019, it is yet 57% less compared to the arrivals in June 2018. Earnings from the country’s agricultural exports declined during the first five months of 2019 due to poor performance observed in tea, minor agricultural products and rubber exports.

Against this challenging macroeconomic backdrop, Aitken Spence PLC reported a 17.5% growth in Group revenue during the first quarter of the year at Rs. 12.4 billion compared to Rs. 10.6 billion recorded in the previous financial year.

Aitken Spence continues to manifest its dominance in overseas markets that has generated approximately 75% of the Group’s overall profits in the first quarter of 2019 compared to 60% in the first quarter of 2018. Overseas expansion, and thereby creating opportunities in local and overseas markets, is a vital aspect of the business strategy of Aitken Spence and it has strengthened the company’s resilience amidst a turbulent economic environment.  At present, Aitken Spence has a presence in Asia, Middle East, South Pacific and Africa and the efficacy of this strategy is evident to date.

At the same time, profit-before-tax for the quarter was Rs. 475 million from Rs. 538 million over the previous year. This is after accounting for an additional charge of Rs. 36 million for the quarter, due to the adoption of the new leasing standard SLFRS 16 as required. There was no corresponding adjustment made in the previous year.

“Aitken Spence is a company that has proven that our strength is in our diversity. The devastation of the Easter attacks should motivate unity, resilience and continual progress. With normalcy being gradually restored, we are confident that business will bounce back, and our efforts will continue to this end,” said Dr. Parakrama Dissanayake, Deputy Chairman and Managing Director of Aitken Spence PLC.

“We are pleased to be seen in the forefront of showcasing business resilience amidst challenging times. Following the Easter attacks, Aitken Spence Maritime facilitated the first luxury cruise ship carrying 350 passengers to call on Sri Lankan ports and Aitken Spence Travels Cruise team was responsible for the operation of all the shore excursions for its passengers,” he added further.

The tourism sector was significantly impacted by the Easter attacks that resulted in a loss of Rs. 385 million for the quarter, over the loss of Rs. 204 million in the previous year. However, the resorts in the Maldives recorded a strong growth with the newly opened Heritance Aarah which is the first overseas operation to carry the premium brand ‘Heritance’. The hotel property recently opened in March 2019 and is the latest addition to have been ‘Gold’ certified for Leadership in Energy and Environmental Design (LEED). LEED buildings save energy, water, resources, generate less waste and support human health. Only three months into its opening, Heritance Aarah marked a landslide victory at the Food & Hospitality Asia Maldives 2019 winning 33 awards, the highest number won by an individual property.

Despite the travel advisories issued for Sri Lanka in the aftermath of the Easter attacks, the inbound tourism segment has performed well. The destination management segment has also set up a new venture in Myanmar and operations are expected to commence shortly. This is a further testament to expansion overseas which help to offset negative impacts faced in the domestic segment. Moreover, this promotes our skills and expertise in a fast-growing tourist destination such as Myanmar.

Amidst the sluggish economic growth and stiff competition, the maritime & logistics and services sectors recorded increments. The quarterly profit-before-tax of the maritime & logistics sector increased by 21% to Rs. 528 million, over the previous year. The sector’s revenue increased by 4.4% to Rs.2.8 billion, mainly driven by its overseas operations.

Strategic investments and services sectors also recorded profit growth, of 8.4% to Rs. 242 million and 11.1% to Rs. 91 million respectively, in the first quarter.

Aitken Spence PLC won the Best Corporate Citizen Sustainability Award 2018 for the second successive year, the 3rd win overall for the company, and has been ranked among the Top 10 Corporate Citizens for an unprecedented 13 consecutive years. Aitken Spence PLC has also been ranked Platinum and among the top 5 companies in the STING/ LMD Corporate Accountability Index for 6 consecutive indices. Recently, Aitken Spence was adjudged the overall winner at the ACCA Sustainability Reporting Awards for the year 2018.

Listed in the Colombo Stock Exchange since 1983 and marking its 150th year milestone in 2018, Aitken Spence is a blue-chip conglomerate with a strong regional presence in the Hotels, Travels, Maritime Services, Logistic Solutions, Plantations, Power Generation, Financial Outsourcing, Insurance, IT, Printing and Apparel sectors. With a geographical presence in 8 countries and growing, creating opportunities for Sri Lanka across new frontiers, Aitken Spence PLC remains committed to the development of our nation.

Deshamanya D.H.S. Jayawardena – Chairman Aitken Spence PLC

 

Dr. Parakrama Dissanayake – Deputy Chairman and Managing Director Aitken Spence PLC

 

MS Europa 2 Selects Aitken Spence Travels to Offer Shore Excursions in Sri Lanka

12 Jun

Hapag-Lloyd’s luxury cruise liner the MS Europa 2 called over at the Hambanthota Port and the Colombo port for a 4 day stay in Sri Lanka. Aitken Spence Travels Cruise team was responsible for the operation of all the shore excursions for its passengers and was present in both locations to ensure that all guests who had booked a shore excursion were off on their tour on time without any difficulties and operational drawbacks.

Of the 350 guests on board, over 200 passengers went on shore excursions in Hambanthota, visiting Yala national park, Udawalawe, Bundala, Ella & Kataragama. The unique experiences encountered at Kataragama visiting the Buddhist and Hindu temples brings about serenity and peace where some guests go to the extent of sharing their problems and looking for mental peace apart from enjoying the abundance of wildlife Sri Lanka has to offer. On day two the clients took excursions to Galle, visited the Galle fort and experiencing village tours. When the passengers were in Colombo on the wet gloomy Friday of 7th June, they still went about their Helicopter tours to Kandy, took the Fixed wing flights to Sigiriya, embarked on discovering the Colombo highlights tour and enjoying the first-hand experience of low grown tea plantations. The AST Cruise team also handled the passenger turnaround on the 8th  of June for approx. 250 passengers.

Shore Excursions Manager of MS Europa 2 Mr. Werney Beyer, who has been to Sri Lanka previously, personally loves the destination and was of the view that “this country shouldn’t suffer as Sri Lanka has so much to offer and I just love this country’s diversity. The Cruise team at AST has done a wonderful job of organising the busses, the guides, diverse excursions and ensuring precision timing that we have had no complaints from our passengers. In effect, since the April 21st crisis, MS Europa 2 was considering moving to Maldives instead of Sri Lanka. But the local team was extremely vigil and continuously updating us about the security situation of the country, that Hapag-Lloyd did not implement plan B of moving to Maldives. I am very happy that we didn’t move to Maldives as our clients have shared excellent feedback and reviews of their stay and experiences in Sri Lanka”.

Commenting further, Managing Director of Aitken Spence Travels Mr. Nalin Jayasundera stated, “when all the other cruise liners were cancelling their tours, MS Europa 2 was confident about destination Sri Lanka and we are glad that they experienced the improved security, visitors would enjoy while in Sri Lanka. We also appreciate the support extended by the Sri Lanka Ports Authority/ Hambanthota International Port Services and their security teams, the Sri Lanka Tourism Promotion Bureau, Hapag Lloyd Lanka (pvt) Ltd. and our service providers for ensuring that these guests had an enjoyable experience of Sri Lanka taking back memories to last.”

Aitken Spence Travels, the largest inbound tour operator in Sri Lanka served more than 200,000 happy visitors during its FY 2018/19. This is also by far the largest number of visitors handled by any Destination Management Company in Sri Lanka and was also the recipient of the Sri Lanka Tourism Awards 2018 as best DMC. The company is backed by JV partners TUI and Aitken Spence PLC, enjoying the best of both worlds, strongly facing the future confidently even after the setbacks faced by the country.

 

Aitken Spence Maritime facilitates the first cruise ship to call on Sri Lankan ports following the April aftermath

6 Jun

The luxury cruise ship “MS EUROPA 2”, owned by German operator Hapag-Lloyd Kreuzfahrten Hamburg, recently called on the Ports of Hambantota and Colombo with 309 passengers and 356 crew onboard. Aitken Spence Maritime is the agent in Sri Lanka for Hapag-Lloyd which is one of the largest container shipping lines in the world.  MS Europa and MS Europa 2 are the only cruise ships in the world classified with 5-star rating by the legendary Berlitz Cruise Guide. MS Europa 2 is regarded as the new jewel of the Hapag-Lloyd Cruises fleet.

“We are extremely delighted that Aitken Spence Maritime facilitated the first cruise ship to call on two Ports of Sri Lanka after the unfortunate incidents that took place in April 2019. It is also encouraging for the team to see their efforts materialise and with the Group’s active involvement in the leisure industry, the company will continue to offer comprehensive synergised services to cruise operators,” said Iqram Cuttilan, Managing Director of Aitken Spence Maritime.

“Hapag-Lloyd Kreuzfahrten having made frequent calls to Trincomalee, Hambantota, Galle and Colombo will also include their ships in its schedule for 2019/20. In fact, Hapag-Lloyd Kreuzfahrten has selected Sri Lankan Ports as the beginning and end of their voyages, enabling passengers to embark and disembark in Sri Lanka,” said Lalith Witanachchi, Assistant Vice President of Hapag-Lloyd Lanka.

Hapag-Lloyd’s local agent, Aitken Spence Maritime, is a pioneer in the industry and was the first in Sri Lanka to undertake port efficiency enhancement management overseas with its entry into the African Continent and subsequently the South Pacific Islands. The company handles all areas of maritime services – from ship agents and cargo handlers, to liner agency, cruise vessel, port management and development, chartering services and maritime education.

Aitken Spence PLC Crowned Overall Winner at the ACCA Sustainability Reporting Awards 2018

6 Jun

Leading blue-chip conglomerate Aitken Spence PLC was recently adjudged the ‘Overall Winner’ at the ACCA Sri Lanka Sustainability Reporting Awards 2018. ACCA Sri Lanka has felicitated Sri Lanka’s best sustainability reports for over 15 years.

In addition to receiving the most prestigious award of the event, Aitken Spence PLC was declared a Joint Winner in the ‘Conglomerates & Diversified Category’. The Sustainability Reporting Awards are held with the objective of recognising and rewarding organisations which report and disclose information on environmental and social performance, and to encourage corporate transparency, accountability and responsiveness to stakeholders.

With selections carried out by an eminent panel of judges, the ceremony acknowledged corporates for their efforts to raise awareness across a broad range of aspects dedicated to sustainable development. The Aitken Spence PLC annual report was evaluated, succeeding against ACCA’s main judging criteria of completeness, credibility and communication. Aitken Spence PLC was also the joint winner of the Conglomerates and Diversified category.

By aligning its sustainability strategy and reporting procedures with global best practices and benchmark such as the Ten Principles of the UN Global Compact, the 7 Women’s Empowerment Principles, the Sustainable Development Goals, the Global Reporting Initiative and the guidelines of the International Integrated Reporting Council, Aitken Spence PLC implemented a holistic approach to its sustainability commitments with a long-term perspective that is reflected in the triple bottom line.

“At Aitken Spence PLC, we view sustainability as a prerequisite towards resilient growth.  With a focus on long term value creation, the Company’s sustainability efforts are directed and guided from the top management in order to adopt a strategic approach for corporate sustainability. In a group having 16 lines of industry in four business sectors and diverse segments of stakeholders across different communities, sustainability has been integrated into the very spirit of the organisation to ensure longevity in its business environments.

We are delighted and humbled by this recognition for our work. The unwavering dedication and support shown by the team and that combined with the systems and procedures that we have in place has been our winning formula throughout the years. Having marked the sesquicentennial of the Aitken Spence Group last year, we remain committed to working towards sustaining the long-term viability, profitability and integrity of our businesses,” commented Dr. Rohan Fernando, Head of Business Development and Sustainability at Aitken Spence PLC.

Aitken Spence PLC was also one of the country’s first companies to sign the United Nations Global Compact, a strategic policy initiative for businesses that are committed to aligning their operations and strategies with 10 universally accepted principles in the areas of human rights, labour, environment and anti-corruption.

Aitken Spence is the reigning winner of the Ceylon Chamber of Commerce Best Corporate Citizen Sustainability award for two successive years while being the only company in Sri Lanka to be ranked among the Top 10 Corporate Citizens for an unprecedented 13 consecutive years.

Listed in the Colombo Stock Exchange since 1983 and marking its 150th-year milestone in 2018, Aitken Spence is a blue-chip conglomerate with a strong regional presence in the Hotels, Travel, Maritime Services, Logistic Solutions, Plantations, Power Generation, Printing, Insurance and Apparel sectors.

‘Overall Winner’ – ACCA Sri Lanka Sustainability Reporting Awards 2018. Accepting the award, Ms. Nilanthi Sivapragasam, Chief Financial Officer of Aitken Spence PLC.

 

Aitken Spence Turyaa Chennai awarded ‘Best City Hotel’ at India Travel Awards 2019

6 Jun

Turyaa Chennai, part of the renowned Aitken Spence Hotels was recognised at the recently held India Travel Awards 2019-South as the ‘Best City Hotel’ further strengthening its position as an industry leader extending the best in service, product and offerings.

Having opened its doors in 2016, Turyaa Chennai was conceptualised to appeal to the changing lifestyles of the global traveller. With the digital revolution and globalization gradually changing the demands and preferences towards brand selection, the ‘Turyaa’ was developed to provide the guest with a brand that is more flexible, responsive, interactive and value driven.

The award, India Travel Awards 2019-South held for its fifth consecutive year is organised to recognise regional stalwarts and celebrate travel trade professionals for their contribution towards the industry. Award winners are acknowledged as the benchmark of the travel industry. The awards are supported by the Government of India and esteemed trade bodies including PATA, OTOAI, TAFI, ADTOI, IAAI, FHRAI etc.

Conveniently located just 20 minutes away from the International Airport and a drive away from the heart of the city, Turyaa Chennai is the ideal amalgamation of business and leisure. Dedicated towards offering guests a hassle free and all-encompassing staying experience, this five-star deluxe property fulfils every criterion of service excellence. The city hotel offers a superlative experience merging luxury with hospitality from the heart, an ethos that is carried forward as a Sri Lankan hospitality brand.

For those traveling to Chennai on business or leisure, the hotel offers special weekend deals online at www.turyaahotels.com/chennai/.

Aitken Spence Outperforms Industry Benchmarks with 13.8% Growth in PBT in 2018/19

27 May

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aitken Spence PLC came up with yet another sustained financial performance for the twelve months ending 31st March 2019 with a 13.8% year-on-year growth in profit-before-tax from Rs. 6.4 billion to Rs. 7.3 billion, its highest ever. The leading conglomerate recorded a steady growth in several key sectors. The conglomerate capitalised on its broad-based business portfolio spread across several countries and sectors by recording an increase in its annual revenue by 5.6% from Rs. 52.7 billion to Rs. 55.7 billion whilst recording the highest ever profit-after-tax of Rs. 5.8 billion. This was an increase of 12.1% from the previous year. The resilience of the Group is demonstrated by the continuous growth in EPS which reflects the strength of the Group to face turbulence in the domestic market and yet achieving sustained economic growth during this period, due to its overseas investments.

Currently, Aitken Spence being an exceptionally diversified Group has generated 44% of its profits from businesses overseas; thus, spreading its wings across countries specially in the tourism, maritime and logistics sectors. As a result, the total assets of the Group comprise of 33% accounted by assets overseas. This is an indication of the valuable relationships that have been built with global industry players in these key sectors.

The company also witnessed a growth in revenue from the overseas operations by 9.9% to Rs.17.6 billion supported by good performances from the tourism, and maritime & logistics operations, surpassing revenue growth in the domestic market. The revenue increase in the Maldives is noteworthy as growth in room supply exceeded increase in tourist arrivals, leading to stiff competition in this attractive market. Further higher domestic volumes in the cargo business resulted in increased growth in overseas maritime and logistics operations.

Total revenue of the Sri Lankan operations also grew by 3.7% to Rs.38.1 billion. This was created by significant improvement in tourism, maritime & logistics and services sectors despite a contraction in the strategic investments sector. As a result of the outstanding growth in the key sectors, earnings before interest, tax, depreciation and amortization (EBITDA) increased by 20% to Rs.6.2 billion during the year.

The Sri Lankan hotels performed extremely well recording a profit before tax of 40.3% over the previous year, although there was an increase in room inventory in the country which created intensive competition. Moreover, the destination management business underlined their leadership position in the country by exceeding all expectations resulting in a profit before tax of over Rs. 1 billion. They also brought in over 200,000 tourists into Sri Lanka which is an exceptional achievement.

The maritime and logistics sector recorded a growth in profit of 20.9% to reach Rs. 2.1 billion. The performance of these two sectors improved due to an increase in imports, exports and transhipment volumes. In addition, the hub concept which is gaining greater appreciation and attention in Sri Lanka also contributed to improved performances in freight forwarding, courier and GSA.

The broad-based strategic investments sector delivered an exceptional profit growth of 40.2% to reach Rs.1.8 billion. This was boosted by focus on driving operational efficiencies through sustainability initiatives resulting in a turnaround in the Garments segment. The power generation segment is in the process of providing a lasting solution to the city of Colombo’s acute garbage disposal problem by constructing a state-of-the-art waste-to-energy plant. This is a pioneering venture being carried out in Sri Lanka which will be operational in the fourth quarter of 2019/20 adding 10 MWs to the national grid.

The services sector comprising the insurance business and OTIS elevators, both showed top line growth with the overall sector reaching a profit before tax of Rs. 268 million, an increase of 11.6% over the previous year. The insurance business grew as a result of increase in external trade whilst OTIS elevators saw an increase in revenue growth from projects that commenced in the prior year’s nearing completion. This is despite the downturn in the construction industry.

Overall, profit attributable to shareholders crossed the Rs. 4 billion mark for the first time to Rs. 4.1 billion, an increase of 14.5%, while earnings per share (EPS) also rose from Rs. 8.77 to Rs. 10.04.

“Despite economic headwinds in key source markets and in their respective locations of operations, we have remained resilient and it is evident in the strong financial performance clearly seen across geographies and sectors. Our continued commitment to overseas expansion is evidenced by the investment of Rs.12.6 billion in Heritance Aárah in the Maldives as it becomes the first overseas operation to carry our premium brand Heritance which has been associated only with our iconic properties in Sri Lanka. Our printing and packaging segment also made an investment in Fiji in a printing business during the financial year, giving us the opportunity to further expand our horizons in the South Pacific region,” stated Aitken Spence Deputy Chairman and Managing Director, Dr. Parakrama Dissanayake.

“Currently, our top priority is to restore confidence and normalcy. Every one of us in the organisation is committed to making a contribution to this end. Moving forward, we will continue to work together with industry bodies to support recovery at a national level, voicing our concerns and conveying those of our business partners and customers to drive change in the right direction. We also stay committed and focused on the longer term as well, investing wisely to ensure that we drive the growth momentum in the country,” he added further.

Aitken Spence PLC won the Best Corporate Citizen Sustainability Award 2018 for the second successive year and has been ranked among the Top 10 Corporate Citizens for an unprecedented 13 consecutive years.

Listed in the Colombo Stock Exchange since 1983 and marking its 150th year milestone in September 2018, Aitken Spence is a blue-chip conglomerate with a strong regional presence in the Hotels, Travels, Maritime Services, Logistic Solutions, Plantations, Power Generation, Financial Outsourcing, Insurance, IT, Printing and Apparel sectors.

Aitken Spence Printing Certified with the World’s Leading Print Facility Validation

22 May

Market leader Aitken Spence Printing & Packaging (Pvt) Ltd. has again proved itself as a trendsetter in the industry by obtaining the G7® Master Facility Qualification-Colourspace, the highest level of the G7 compliance and the most stringent.

Regional Head of Idealliance for South Asia, K Panthala Selvan stated that “Aitken Spence Printing is the first ever in Sri Lanka to obtain the most globally used, recognised, and sought-after international validation in the printing industry. The G7 Master Qualification by Idealliance is a certification and specified standard for aligning printing technologies to achieve a consistent printing output. Utilising the G7 methodology improves output consistency across multiple print services, platforms, and distribution outlets, while tremendously reducing waste and increasing profitability”.

Being a pioneer in the printing industry for over six decades, the Company continuously sets innovative benchmarks. In addition to receiving countless endorsements, this recognition further validates its position as a ‘Best-in-Class Printer’ in Sri Lanka.

Managing Director of Aitken Spence Printing, Prasanna Karunathilake, stated that “Obtaining this internationally sought-after qualification in the printing industry is reflective of our commitment, every day, to deliver value-oriented, innovative, and sustainable printing and packaging solutions to our stakeholders. We will continue to set higher benchmarks to cater to leading global and local brands who seek to maintain the highest quality of their products”.

Prasanna Karunatilake further stated that “The countless endorsements received, and the rising demands of customers have paved the way for Aitken Spence Printing to reach new heights in matching and reproducing colours and in breaking the boundaries in the printing and packaging requirements. The wealth of experience, the proven skills and reliability coupled with unmatched level customer care has made Aitken Spence Printing a preferred printer for all forms of high-quality printing requirements, not just in Sri Lanka, but in South Asia and the region of the sub-continent of India”.

Aitken Spence Printing was the first LEED Gold certified printing facility in South Asia and was recognised for the fourth consecutive year as the industry’s best, by winning the Gold award in the Printing and Related Services category at the National Business Excellence Awards 2017.

Over the years, Aitken Spence Printing has evolved into a dynamic operation and is ranked among the top printers in the country specialising in both offset and digital printing technologies. Aitken Spence Printing has gained longstanding reliability as a printer of a broad range of products and services including coffee table books, packaging, publications, magazines, and seasonal products such as calendars and diaries. Catering to a wide range of industries such as tea, apparel, FMCG and pharmaceutical, Aitken Spence Printing operates in a fiercely competitive industry where it enjoys a leading market share in Sri Lanka.

Aitken Spence Records Significant Growth

9 Feb

Aitken Spence PLC recorded impressive growth in financial results for the nine months ending on 31st December 2018 with a 21.3 per cent year-on-year growth in profits-before-tax from Rs. 3.28 bn to Rs. 3.97 bn. The leading conglomerate recorded an increase in revenue of 1.5 per cent over the previous year, from Rs. 36.2 bn to Rs. 36.7 bn for the nine-month time period.

The diversified group’s profits-before-tax increased by 52.9 per cent from Rs.1.47 bn to Rs. 2.26 bn in the third quarter, over the previous year. Revenue increased by 12.1 per cent from Rs. 12.2 to Rs. 13.7 bn.

Earnings per share for the nine months increased by 25.4 per cent from Rs. 4.31 to Rs. 5.41, while it increased by 56 per cent from Rs. 2 to Rs. 3.12 for the third quarter, year-on-year.

“We are pleased to announce that Aitken Spence has recorded considerable growth in profit-before-tax and revenue for the nine months and quarter. All our four sectors – tourism, maritime & logistics, strategic investments and services – showed significant growth in profit-before-tax and revenue during the third quarter”, said J M S Brito, Deputy Chairman and Managing Director of Aitken Spence PLC.

The tourism sector growth was driven by a strong performance by the destination management segment consisting of Aitken Spence Travels which has increased the number of tourists handled steadily over last few years. Whilst Aitken Spence resorts in the Maldives continued to perform well in spite of increased international competition, the Sri Lankan hotels segment improved its financial results over the previous year, during period under review.

The company’s latest addition to its hospitality portfolio, Heritance Aarah that presents a premium all-inclusive offering is expected to open next month as the first Heritance property in the Maldives.

The maritime & logistics sector posted growth in both top and bottom lines with improved results from maritime services, cargo and logistics segments. Aitken Spence is one of the largest integrated logistics service providers in Sri Lanka.

The strategic investments sector that includes power generation, plantations, printing and garments segments also showed considerable growth over the previous year for the period under review. The 10MW waste-to-energy project under construction is expected to help solve both the waste disposal and energy supply challenges in the country at present. The project would be equipped to convert municipal solid waste to electricity, aimed at greatly relieving the Colombo City of its waste disposal burden. The waste-to-energy plant will add to the current portfolio of hydro, thermal and wind power plants developed and run by Aitken Spence.

In a landmark move, Aitken Spence recently commenced a joint venture with Fijian Holdings – one of Fiji’s leading conglomerates – to invest in and manage the government printery in Fiji. Aitken Spence will be providing the expertise in management and leadership to upgrade the government printery with new technology to make it one of the best in the region.

Listed in the Colombo Stock Exchange since 1983 and marking its 150th year milestone in 2018, Aitken Spence is a blue-chip conglomerate with a strong regional presence in the Hotels, Travels, Maritime Services, Logistic Solutions, Plantations, Power Generation, Printing, Insurance and Apparel sectors. Aitken Spence is the reigning winner of the Ceylon Chamber of Commerce Best Corporate Citizen Sustainability award while being the only company in Sri Lanka to be ranked as a “Best Corporate Citizen” by Sri Lanka’s leading chamber for 13 consecutive years.

Aitken Spence Commences 150 yrs Celebrations with Religious Blessings

30 Nov

Aitken Spence inaugurated its 150th Anniversary Celebrations with a religious blessings ceremony that commenced on Friday, 30th November. The ceremony was held at Aitken Spence Towers in Colombo with the participation of senior religious leaders, board of directors, senior management and long-standing staff.

The religious blessings were invoked by His Eminence Malcolm Cardinal Ranjith, Venerable Galaboda Gnanissara Thero, Ven. Banagala Upatissa Thero, Ven. Monaragala Pagnayalankara Thero. Shri Luxmikantha Jegatheesa Kurukkal, Sheikh Arkam Nooramith, Rev. Fr. Deninton Subasinghe, Rev. Fr. Placidus De Silva, Rev. Fr. Felician and Rev. Sr. Selinta.

To mark the 150th year anniversary, lighting of the oil lamp by the distinguished guests followed by sacred blessings recited by the respective religious leaders that were present at the ceremony. Deshamanya D H S Jayawardena, Chairman of Aitken Spence PLC pinned the 15o years badge on the Deputy Chairman and Managing Director Mr. J M S Brito.  Following the unveiling of the 150 years logo at the lobby of the building, board of directors to the celebratory cutting of the cake marking the occasion, that was produced by award-winning chefs from Aitken Spence Hotels.

“Over the course of its history Aitken Spence has continued to adapt to an unprecedented variety of changes that are taking place in our industries, economies and societies, while growing both locally and globally. We will take this company to even greater heights in the near future” stated Aitken Spence Chairman D H S  Jayawardena.

“I would like to say that we are 150 years young. Our youthfulness shall enable us not only to understand the plethora factors locally and globally affecting business today, but to address its risks and exploit its opportunities, to keep moving Aitken Spence forward, as we have done for 150 years”, said J M S Brito, Deputy Chairman and Managing Director of Aitken Spence PLC.

To conclude the ceremony, the Executive Director and Chairperson of Aitken Spence Hotel Managements (Private) Limited and Director of Aitken Spence Aviation (Pvt) Ltd., Ms. Stasshani Jayawardena gave the final closing remarks; “As we conclude this inaugural ceremony of the 150-year celebration, let us remember that the path ahead is bound to be ever more exciting and it is up to all of us, sitting here to paint the future with the brightest of colours of success. Let us not forget that no task worthwhile has come easy and let us continue a forward march to enrich this legacy of our past with our very own successes.”

Over the century and a half, the journey of Aitken Spence has created many benchmarks, pioneering endeavours and a reputation of integrity. In the recent Best Corporate Citizen Award 2018 organised by the Ceylon Chamber of Commerce, Aitken Spence was the coveted winner for the second consecutive year and among the top 10 corporate citizens for an unprecedented 13th consecutive year.

Aitken Spence is a blue-chip conglomerate with a strong regional presence in the Hotels, Travels, Maritime Services, Logistic Solutions, Plantations, Power Generation, Financial Outsourcing, Insurance, IT, Printing and Apparel sectors.