hSenid Business Solutions PLC - Letter to the Shareholders

To our shareholders:

Let me begin by stating an undeniable truth about hSenidBiz: we are resilient. In the face of local and global challenges, we remain steadfast in our certainty about our prospects and our numbers affirm this. We ended the year with an impressive 35 percent year-over-year growth in the USD value of new deals closed, supported by a 9 percent increase in our global client base, which reached 1,465. While our international expansions may have started slowly owing to local and international market conditions, we are now gaining momentum, going forward with no turning back.

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Overseas expansion supports hBS FY22 earnings; remains committed to further market expansion and talent acquisition in FY23

hSenid Business Solutions (hBS) reported its first full year result since the Initial Public Offering in December 2021. Net profits for the fourth quarter ending 31 March 2022 came in at LKR 343.6 million, compared to a profit of LKR 174.6 million in the corresponding quarter of the previous financial year while for the full year, net profits were LKR 455.3 million, compared to LKR 209.2 million in the previous financial year.

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