JFS Holdings records highest ever net USD income for FY 2022/23

Amidst the ongoing economic difficulties in Europe, JFS Holdings Limited has achieved a remarkable feat by recording its highest-ever net USD income for the fiscal year 2022/23.

Despite the recession, the company’s impressive growth rate of 93% stands as a testament to its commitment to excellence and adaptability in the ever- changing business world. JFS was recognized at the National Export Awards last year for its contribution to the economy with a total export income which crossed Rs 39 million. With a growth of 93% over the USD income this year, total export income passed the Rs 75 million mark, for the first time in history. BPO sector of the company contributed to the economy with a net USD income amounting to 75 million whereas ICT sector contributed supplying direct services to ICT exports amounted to Rs125 million in the FY 2022/23.

JFS, initially established in 2012 as an HR service provider, has swiftly evolved into a diverse business entity in Sri Lanka. The company’s strong presence is built on its strategic focus on four key sectors: BPO, ICT, extreme sports, and agro-food. Operating through eight distinctive brands across these sectors, JFS showcases its expertise across these fast-growing industries.

Aligned with its strategic vision to become Sri Lanka’s leading conglomerate, JFS is gearing up for a capital infusion of over Rs 100 million in the near future.

Madhushan Raigamage, Chairperson of JFS said “It is really something special to see how we have managed to overcome the tough times and this achievement truly reflects our strong commitment and ability to adapt.

The post JFS Holdings records highest ever net USD income for FY 2022/23 appeared first on DailyNews.