Softlogic Holdings PLC is looking forward to expand its corporate interests beyond Sri Lankan shores and are likely to commence operations of their successful sectors in Asian and African markets.

“Our vision has expanded beyond our shores and we are likely to commence operations of our successful Sectors in Asian and African markets to replicate our success in Sri Lanka. There is significant scope for expanding our internationally certified healthcare services in to neighbouring countries with positive outcomes while African markets demonstrate potential for insurance products. Understandably we are excited by our next growth phase as we seek to position the Softlogic Group as a leading player in the region in selected Sectors,” Softlogic Holdings PLC Chairman/Managing Director Ashok Pathirage noted in the firm’s 2018/2019 annual report.

Speaking further Pathirage stated that the firm is evaluating several options for reducing debt and are likely to deploy several strategies to achieve a satisfactory outcome to improve the financial gearing of the Group.

“Softlogic Group has delivered aggressive growth over the year, financing our acquisitions and expansion with debt, consistent with our bold outlook and strong belief in our ability to deliver on our vision. Higher levels of debt relative to peers has been part and parcel of our risk profile which has been proactively managed with forethought and foresight as evinced by managed exits to realise cash flow in the recent past. We are evaluating several options for reducing debt and are likely to deploy several strategies to achieve a satisfactory outcome to improve the financial gearing of the Group,” Pathirage added.