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Sunshine Group 9-month revenue up 39-pct driven by Healthcare & Agribusiness sectors
Fueled by strong growth in all business sectors, diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported impressive growth in top and bottom-line performances during the first nine months of the current financial year (9MFY22). During this period, the Group posted consolidated revenue of Rs. 24 billion, up by 39% Year-on-Year (YoY).Group’s Profit After […]
VIDEO: How solar energy got so cheap, and why it is not everywhere yet
A lot speaks for solar energy. It’s clean, renewable – and now even cheaper than energy from fossil fuels like coal or natural gas. Sounds pretty great, right? But it only makes up a tiny bit of global electricity production. Why don’t we use a lot more of it yet?
Hela Apparel Holdings’ records year-to-date revenue of Rs 41.6 Bn
Hela Apparel Holdings Limited (the holding company of the Hela Clothing Group) ended its third quarter on a high note, having exceeded its annual performance for FY2020/21 within the first 9 months of the current financial year. The Group recorded year-to-date revenue of Rs 41.6 billion, which represents a growth of 88% compared to the […]
Sri Lanka explores batik, handloom and local apparel opportunities in Russia
Ambassador of Sri Lanka to the Russian Federation Prof. Janitha Abeywickrema Liyanage together with the delegation headed by the Sri Lankan State Minister of Batik, Handloom and Local Apparel Products Dayasiri Jayasekara visited Russian Association of International Cooperation. The delegation was received by the Vice-Chairman of Russia-Sri Lanka Friendship Society Vladimir Polozkov and Board Member […]
Kuwait Dinar 10mn loan for construction & equipping Faculty of Medicine at Moratuwa University
A medical faculty is to be established in University of Moratuwa to support the human capital, social & economic development of Sri Lanka, by improving the quality and access to higher education in Medical Sciences and to address the needs of medical services professionals in the country, In this context, The Kuwait Fund for Arab […]
Teejay Lanka 9-month revenue up 64-pct to Rs 36.1Bn
Improved demand from the region and enhanced capacity have helped Teejay Lanka PLC to post Group revenue of Rs 36.1 billion for the nine months ending 31st December 2021 and record strong topline growth of 64% over the corresponding period of the previous year. A period described by Chairman Mr Bill Lam as less disrupted […]
‘s economic policies
Explaining the economic policy of the future SJB government, Eran Wickramaratne M.P. said that the SJB has already decided to allow the use of chemical fertilizer in order to promote export- oriented value -added commercial agriculture. He also said that future SJB government will give priority to exports and the government will mediate directly to […]
Hemas Group revenue up by 21.9-pct over last year
Hemas Holdings PLC (HHL) recorded a Group revenue of Rs.57.7 billion, an increase of 20.5 percent over last year. The underlying cumulative operating profit of Rs.4.9 billion, excluding all disposed entities, reported an increase of 4.3 percent over last year in spite of profitability pressure experienced across most parts of the business due to input […]
Ajit Gunewardene to be appointed Chairman of Teejay Lanka
Teejay Lanka PLC, Sri Lanka’s largest textile manufacturer, has announced that business leader Ajit Gunewardene is to be appointed Chairman with effect from 17th February 2022, consequent to his appointment as an independent non-executive director of the Company on 1st February. Gunewardene, a former Deputy Chairman of John Keells Holdings (JKH) and a former Chairman […]
High Commissioner Moragoda stresses eight thrust areas to elevate SL-India economic relations
High Commissioner of Sri Lanka to India Milinda Moragoda stated that it is critically important to develop eight thrust areas in moving Sri Lanka- India relations from a transactional phase to a strategic phase, in keeping with the fourth pillar of the four pillar-cooperation package announced during the recent visit of the Sri Lankan Finance […]