Category: Companies
‘s Altair adjudged best condo in Asia for architectural design
Nov 16, 2018 (LBO) – Sri Lanka’s Altair has beaten condominium developments in 15 countries in Asia including Singapore, Hong Kong, Japan, China and Australia, to win the ‘Best Condo Architectural Design’ award at the 2018 Asia Real Estate Summit (ARES) hosted by PropertyGuru Asia in Bangkok, Thailand. Altair was honoured at PropertyGuru’s ‘Best of […]
Sri Lanka business chambers call for urgent action to resolve political situation
Nov 15, 2018 (LBO) – Sri Lanka business chambers have called upon all those responsible to accord the highest priority to national interest and refrain from pursuing any path that will result in an economic downfall which will have an adverse impact on the country and the people. The statement released by Ceylon Chamber of Commerce, International […]
‘s Hattion National Bank 9 month Group PAT at Rs14.5Bn
Nov 15, 2018 (LBO) – Hatton National Bank PLC (HNB) reported a Profit After Tax (PAT) of 14.5 billion rupees at Group level for the nine months to September 2018 recording a growth of 23 percent YoY. The Bank’s PAT for the period amounted to 13.1 billion rupees growing by 21 percent YoY. The Bank said […]
Ceylinco Life’s 9-month net profit up 62-pct to Rs3.28Bn
Nov. 15, 2018 (LBO) – Sri Lanka’s Ceylinco Life has reported profit before tax of 3.734 billion rupees for the period nine months ending 30th September 2018. The life insurance player has reported profit before tax of Rs 3.734 billion for the period, reflecting growth of 48 per cent over the corresponding nine months of […]
Vallibel Finance pre-tax profits grow by 28.2-pct to Rs.1.03Bn
Vallibel Finance PLC returned yet another impressive report card with profits before tax (PBT) for the six months ending September, 2018 reaching a record high of Rs. 1.03 Billion. Acclaimed as one of the most respected finance companies in Sri Lanka, the name-bearer of the Vallibel Group continued its now customary outstanding financial performance with […]
Central Bank warns public to be attentive to financial scams/ phishing emails
Nov 14, 2018 (LBO) – The attention of the Central Bank of Sri Lanka (CBSL) has been drawn to recent grievances received from the general public regarding financial scams spreading through phishing emails/ social media messages. Issuing a statement the bank said it has noticed that the image of the Head Office building, the Logo […]
Hayleys records turnover of Rs.103Bn for six months ending September
Nov 13, 2018 (LBO) – Hayleys PLC, a diversified conglomerate posted a 65 percent Year-on-Year (YoY) increase in turnover up to 103 billion rupees for the six months period ending 30 September 2018. The Group posted strong operating profits which expanded to 6.8 billion rupees from 3.2 billion rupees in the corresponding period. The Group […]
Sri Lanka port volumes up
Nov 13, 2018 (LBO) – State owned Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA), witnessed the highest growth of 23.3 percent in transshipment container throughput for the first nine months (from January to September) in 2018 as against the corresponding period in 2017. During the first nine months of 2018, the transshipment […]
Dipped Products posts PBT of Rs.553Mn in 1H 2018/19
Nov 13, 2018 (LBO) – Dipped Products Group, a subsidiary of the Hayleys Group reported a profit before tax of 553 million rupees for the 1H of 2018/19, a growth of 141 percent over the previous year. The Company attributed the profits to strong gains from performance improvement initiatives in local operations and significant contribution […]
John Keells Holdings (JKH) makes Rs11bn stock buyback offer
November 12, 2018 (LBO) – Shares of Colombo Stock Exchange market bellwether John Keells Holdings (JKH) were halted this morning pending announcement of a stock buyback. The company announced that it is making buyback offer for 5% of its outstanding shares at a price of Rs160/share. The price is over a 10% premium to the […]
Pathway to membership of CA ANZ available for members of CA Sri Lanka
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Chartered Accountants Australia & New Zealand (CA ANZ) signed a landmark agreement on Thursday, 08th November 2018 to strengthen the scope of CA Sri Lanka members. The agreement was signed by CA Sri Lanka President Mr. Jagath Perera and CA ANZ Chief […]
Haycarb records turnover of Rs.8.9Bn with PBT of Rs.502Mn for H12018/19
Nov 09, 2018 (LBO) – Haycarb PLC, a manufacturer of coconut shell activated carbon reported revenue of 8.9 billion rupees and profit before tax of 502 million rupees for the six months ending 30th September 2018. The profit after tax stood at 428 million rupees. Haycarb PLC Managing Director, Rajitha Kariyawasan said that the adjustment of […]