Category: Companies
Nations Trust Bank – Realizing Dreams
The Nations Trust story began more than 18 years ago when a small new bank full of determination,entered a field dominated by titans with a dream to carve out a place for itself in Sri Lanka’s Banking and financial services space. Innovation and a fresh approach have always been the Bank’s most potent tools and […]
Laugfs Gas urges Govt to introduce transparent mechanism for LPG pricing
May 18, 2018 (LBO) – Sri Lanka’s liquid petroleum gas (LPG) prices should be adjusted using a pricing mechanism that is transparent, impartial and fair, Laugfs Gas said issuing a statement. There have been significant changes in the LPG prices in the international market, which has had a detrimental impact on the local LPG industry, it said. […]
Virtusa Corp reported a Q4 2018 revenue of 281.3 million, Up 6.6-pct
(PRESS RELEASE) Fourth quarter fiscal 2018 revenue of $281.3 million, increased 6.6% sequentially and 24.5% year-over-year, inclusive of $5.7 million from the eTouch acquisition. Fourth quarter fiscal 2018 diluted EPS was $0.06 on a GAAP basis, and $0.55 on a non-GAAP basis, up 17% sequentially. Fiscal year 2018 revenue of $1,020.7 million increased 18.9% year-over-year. […]
‘s Telecommunication Ministry signs MoU with Microsoft
May 17, 2018 (LBO) – The Telecommunication, Digital Infrastructure and Foreign Employment Ministry signed a Memorandum of Understanding (MoU) with Microsoft in Sri Lanka to provide effective citizen services. The agreement will take us a step closer to the island’s e-Government Policy and plans for digital transformation being realised, Harin Fernando, minister of Telecommunication, Digital Infrastructure and Foreign […]
Simplicity in Business Management is here with the lightest Business App
(PRESS RELEASE) – thinkCube Systems (Pvt) Ltd, the pioneering cloud application builder, has yet again introduced an innovative product to serve the Start-up, Micro-Level and Small Enterprises. In augmenting it’s popular ezBiz Cloud Application suite for SME’s, thinkCube is launching it’s Simplified version of “ezBiz-lite” to the Sri Lankan Market on 17th May 2018. The […]
‘s Comm Bank reports PBT of Rs.6.3Bn, up 21-pct
May 15, 2018 (LBO) – Commercial Bank of Ceylon PLC has reported profit before VAT and NBT of 7.677 billion rupees and profit before tax of 6.337 billion rupees for the first quarter of 2018, with growth of 21.07 percent and 21.36 percent respectively. Gross income for the three months ending 31st March 2018 was up […]
HNB Group records Rs7.2Bn PBT in Q1
May 15, 2018 (LBO) – Sri Lanka’s Hatton National Bank reported a first quarter profit after tax growth of 22.5 percent to 4.5 billion rupees, while the Group reported a PAT of 5 billion rupees which is a 24 percent growth from last year.HNB expanded its loan book by 33.7 billion rupees during the quarter […]
Iranian companies to provide tech and engineering services to Sri Lanka
May 14, 2018 (LBO) – Iranian President Hassan Rouhani said that relations between Iran and Sri Lanka will be developed in all fields, stressing that the two countries have reached good agreements in economic fields of mutual interest to both. He said that Iranian companies are ready to provide technical-engineering services to Sri Lanka. “Relations between […]
Teejay Lanka’s PAT Rs.508Mn; Up 3-pct
May 09, 2018 (LBO) – Teejay Lanka PLC has reported a profit after tax for the March quarter of 508.4 million rupees, an increase of 3 percent principally due to a 93 percent increase in income tax which resulted in a deferred tax asset of 97.6 million rupees asa one-off gain in the fourth quarter […]
Harry J says Distilleries profits up 134-pct in 4Q17-18 after adjustments
May 04, 2018 (LBO) – Sri Lankan business magnate Harry Jayawardena in his statement to the shareholders of Distilleries said net profit after tax for the forth quarter of 2017/18 is an increase of 134 percent. Jayawardena said NPAT for the last quarter was 1,902 million rupees compared to the 811.9 million rupees reported in […]
Seylan Bank records 21-pct YoY growth in 1Q 2018; Profit-after-tax Rs.1,053Mn
May 3, 2018 (LBO) – Sri Lanka’s Seylan Bank has posted a profit after tax of 1,053 million rupees in first quarter of 2018. The Bank’s earning per share (EPS) grew by 21.57 percent to 2.88 rupees with the net asset value per share as at 31st March 2018 was 94.34 rupees (Group Rs.98.63). Net interest income […]
Seylan Bank reports 21-pct growth in 1Q 2018; records PAT of Rs.1,053 Mn
Seylan Bank made a steady start in 2018 by posting a Profit after Tax of Rs. 1,053 Million in Q1 despite less than ideal market conditions. Net interest income increased by 17.21% as the volume growth outperformed the impact arising from the narrowing of NIMs. Net fee and commission income witnessed a growth of 14.61% […]