Category: Companies
SLASSCOM and Norway sign collaboration agreement on ICT and entrepreneurship
Aug 20, 2019 (LBO) – The Sri Lanka Association of Software and Services Companies (SLASSCOM) and the Norwegian Ministry of Foreign Affairs entered into a two-year agreement to foster collaboration in the ICT industry. The newly appointed Norwegian Ambassador to Sri Lanka, H.E. Trine Jøranli Eskedal and Ranil Rajapakse, chairman SLASSCOM signed the agreement. The […]
Softlogic Holdings report 7-pct growth in first six months 2019
Softlogic Holdings top line witnessed a 7% growth to Rs. 17.1 billion during the quarter ended JUNE 30, 2019 following the decline in consumer demand and business sentiments. The top contributors to Group revenue were Retail (49%), Financial Services (22%) and Healthcare Services (20%). The non-core vertical which includes Automobile and Leisure & Property together […]
Teejay extends partnership with University of Moratuwa
Teejay Lanka PLC, one of the largest knit fabric providers in South Asia, has announced an extension of its support to the University of Moratuwa for another two years, further strengthening a long standing and mutually beneficial partnership. A memorandum of understanding first signed in 2014 provided the now tight-knit organisations with a framework for […]
Sri Lanka’s Hayleys to issue listed debt
Aug 13, 2019 (LBO) – Colombo Stock Exchange has approved in principle an application for listing the debt securities of Hayleys PLC. Hayleys said in a stock exchange filing that the company expects to raise 3 billion rupees by the issue of 20 million five-year debentures at 100 rupees each with an option to issue […]
Sri Lanka looking at establishing direct flights to Cambodia
Aug 09, 2019 (LBO) – Sri Lanka is looking at the possibility of establishing direct flights to Cambodia and to enhance tourism and trade between the two countries. President Maithripala Sirisena, who is on a state visit to Cambodia, held a meeting with Cambodian Prime Minister Samdech Akka Moha Sena Pakdei Techo HUN SEN yesterday […]
Singer revenue in Q1, 2019 marginally down for previous year
Aug 09, 2019 (LBO) – Singer (Sri Lanka) PLC results for Q1 ended June 30, 2019 indicated a Group revenue at 13.9 billion rupees, when compared to 15.1 billion rupees during the previous year. The Group recorded operating profit of 1,065 million rupees for the Q1 compared to 1,284 million rupees realized during the previous […]
Hayleys records Rs.52.6Bn turnover in first quarter 2019/20
Aug 09, 2019 (LBO) – Hayleys PLC, demonstrated resilience in challenging conditions to record an improvement in turnover and operating performance during the first quarter of the 2019/20 financial year. The Group’s turnover grew by 4 percent to 52.6 billion rupees during the period, upheld mainly by the top line growth in Hand Protection (+10%), […]
Tea: July 2019 national average shows gains month on month
Aug 08, 2019 (LBO) – The national average for the month of July 2019 totalled 497.35 rupees against 494.48 rupees of June 2019, showing a marginal increase of 2.87 rupees month on month and in comparison to July 2018 average of 537.88 rupees however shows a decrease of 40.53 rupees. When analyzing the respective elevational […]
Applications accepted for CA Sri Lanka’s 55th annual report awards
Aug 07, 2019 (LBO) – To honor the best Annual Report masterpiece produced in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is now accepting applications for its 55th annual report awards competition from business organizations vying for honors in financial reporting. Boosted by a progressive history spanning over half […]
Piramal Glass Ceylon reports Rs.1,585Mn in revenue for FY Q1 2019/20
Aug 07, 2019 (LBO) – Piramal Glass Ceylon PLC has reported 1,585 million rupees revenue and 21 million rupees, profit after tax for the 1st quarter of FY 2019-20. The quarter under review saw the completion of the capacity enhancement project, which was undertaken by the Company in F17. The company installed a new bottle […]
ICTA launches national IT-BPM workforce survey 2019
Aug 07, 2019 (LBO) – A new IT-BPM survey reveals the overall strength of the sector’s workforce has grown from 82,854 in 2014 to 124,873 in 2018, up 50.7 percent and is projected to leap further to 146,089 in 2019. Information and Communication Technology Agency of Sri Lanka (ICTA) initiated a national workforce survey by […]
Overseas Realty revenue up 43-pct for six months ended Jun 30 2019
Aug 06, 2019 (LBO) – Overseas Realty (Ceylon) PLC recorded a group revenue of 3,726 million rupees for six months ended June 30, 2019, an increase of 43 percent over the corresponding period of last year. The Group Profit After Tax increased by 5 percent to 2,279 million rupees. The Company Revenue of 1,192 million […]