Category: Companies
‘s Watawala Plantations records PAT of Rs.554Mn
Nov 09, 2018 (LBO) – Watawala Plantations PLC reported a profit after tax (PAT) of 554 million rupees for the six months ended 30 September 2018. The Company achieved a PAT of 358 million rupees in the second quarter (Q2) compared to the first quarter (Q1) PAT of 196 million rupees. The increase in the production […]
Sri Lanka tea prices mixed in Oct 2018
Nov 09, 2018 (LBO) – Sri Lanka’s low growns teas continued to meet with good demand, whilst high and mid grown small leaf teas continued to witness downward pressure in prices following the lower quality and the higher volumes on offer, a recent report said. “National average for the month of October 2018 totalled Rs.586.19 […]
Finance Minister revives Tax Appeals Commission to expedite dispute resolution
Nov 08, 2018 (LBO) – Sri Lanka’s Tax Appeals Commission (TAC) which has been inactive for some time has now been revived with the reappointment of Justice Hector Yapa as Chairman and Justice Sunil Rajapakse and S.Swarnajothi Former Auditor General as members. The TAC was established to facilitate a more expeditious resolution of disputes that […]
Harry, Captains up stakes in John Keells Holdings (JKH)
November 8, 2018 (LBO) – Colombo Stock Exchange market bellwether John Keells Holdings (JKH) reported its quarterly results last night, which included an update of its top 20 shareholder list. Notable trends included foreign selling and local buying.In particular, Harry Jayawardena controlled Melstacorp upped its stake from 3.5% of the company to a 4% holding. […]
JKH PBT down 5-pct in 2Q: Revenue Rs.32.57Bn
Nov 08, 2018 (LBO) – Sri Lanka’s John Keells Holdings (JKH) said the Group recorded a profit before tax (PBT) at 4.69 billion rupees in the second quarter of the financial year 2018/19 with a decrease of 5 percent over the.4.95 billion rupees recorded in the previous financial year. The cumulative PBT for the first […]
Nestlé opens third milk chilling centre in Mannar district
(PRESS RELEASE) – Continuing its strong dairy development drive in the country, Nestlé has opened its third milk chilling centre in the Mannar district, in the north-western town of Madhu. The chilled storage facilities are vital in a tropical climate, as it offers farmers a means to keep their milk fresh until it is transported to […]
CSE & GRI announce next round of workshops for listed companies
The Colombo Stock Exchange (CSE) announces the next round of workshops on corporate transparency and sustainability to be conducted in partnership with the Global Reporting Initiative (GRI). The workshops are set to be conducted on 04th and 05th December 2018 at the Ramada Colombo. These interactive workshops, which will be exclusive to representatives of companies […]
Central Bank releases step by step guide to doing business in Sri Lanka
Nov 07, 2018 (LBO) – The Eighth edition of “A Step by Step Guide to Doing Business in Sri Lanka” has been published by the Central Bank. The guide has been categorized under three main chapters; ‘Starting a Business’, ‘During the Business’ and ‘Other Activities’, contains useful information for the business community, potential entrepreneurs, foreign […]
Allianz tops Dow Jones Sustainability Index 2018
Sector leader in prestigious sustainability rating with 85 out of 100 points, second time in a row Best in sector in climate strategy, human capital development, information security, tax strategy and financial inclusion Integration of the two-degree climate target in proprietary investments and business operations starting The Allianz Group has taken the leading position among […]
Sri Lanka explores tourism market potential in Switzerland
Nov 06, 2018 (LBO) – The Sri Lanka Mission in Geneva in collaboration with Sri Lanka Tourism Promotion Bureau organized the islands participation at a tourism exhibition in Switzerland. iViaggiatori is the prestigious tourism event that takes place annually in the Italian speaking canton in Switzerland, and is recognized as one of the prominent tourism trade fairs in […]
Asiri buys Hemas Southern Hospital for Rs.450Mn
Nov 06, 2018 (LBO) – Asiri Hospital Holdings Plc, a subsidiary of Softlogic Group acquired Hemas Southern Hospitals for 450 million rupees, a statement said. In a Stock Exchange filling the company said that the decision to enter into this transaction brings tremendous synergy to the Asiri group with the existing hospitals and laboratories of Asiri in […]
Mangala says Singapore Platts price of refined petrol down 12-pct since Oct 10
Nov 05, 2018 (LBO) – Mangala Samaraweera says that the Rajapaksa administration is attempting to revert to the opaque, politicized regime of fuel pricing that resulted in the CPC being landed with a huge debt which is eventually borne by taxpayers. Samaraweera said that there has been a 12 percent reduction in the Singapore Platts […]