More than half the board of directors at Lanka Hospitals Corp Ltd, formerly Apollo hospitals, have resigned en masse on May 9 with no reason given by the company for the move.
The resignations were announced today (May 15) by the company without any comment. The directors who stepped down were - Keith Bernard, H. A. C. Siriwardena, Dr. Anil Abeywickrema, N.J. Munasinghe, Ms. Uma Rajamanthri, Prof. Dilani Lokuhetty and Dr. Lalith Wijesundera
The remaining directors of the 13-member directorate are Dr. Sarath Paranavitane – Chairman, Ven. Thiniyawala Palitha Thero, Daljit Singh, K. K. Sundaram Srivastava, T. L. Weeratne and Jayantha Munasinghe (recently appointed on March 20, 2017)
According to its last financial accounts, Lanka Hospitals reported a post-tax profit of Rs. 212 million in quarter ending March 31, 2017 against Rs.193 million in the same 2016 quarter while revenue in the same periods was Rs.1.5 billion and Rs.1.38 billion, respectively.
State-owned Sri Lanka Insurance Corporation is the majority shareholder of the company with a 54.51 per cent stake while India’s Fortis Global Healthcare with 28.66 per cent is the second largest shareholder and is represented on the board with two nominees. The directors who stepped down were appointed with the advent of the Maithripala Sirisena-Ranil Wickremesinghe-led government in 2015.
A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
In its first electoral test since taking power, the ruling National People’s Power (NPP) fell short of expectations, winning only around 40 % of the national vote in Tuesday’s local government election and falling short of enough seats to gain control of the majority of councils.
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