Category: Companies
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 […]
‘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 […]