Category: Companies
Insurance Industry records 15.5-pct growth in 3Q of 2017
Feb 16, 2018 (LBO) – Sri Lanka’s insurance industry was able to report a growth of 15.53 percent (3Q, 2016: 16.97 percent ) in terms of overall Gross Written Premium (GWP), at the end of third quarter of 2017, recording an increase of 15,862 million rupees when compared to the same period in 2016. The […]
Piramal Glass Ceylon gross profit crosses Rs1Bn
For the nine months ended Dec 31, 2017 the overall turnover of Piramal Glass Ceylon was on par with the previous year’s sales of Rs.5 billion mark. The domestic sale for the period was Rs.3,375 million as against the previous year’s Rs. 4,065 million depicting a drop of 17%, whilst the export market showed a […]
‘s RIL Property goes for Rs.1.6Bn Rights Issue
Feb 14, 2018 (LBO) – RIL Property Plc said they will be raising 1.6 billion rupees through one for three Rights Issues to settle part of the long-term loan facilities obtained by the company. Issuing a statement the company said that the it will issue 200 million shares in the proportion of one new ordinary voting […]
Hayleys sees strong 9-month top line growth, Turnover up to Rs.112.3Bn
Strong top line performances across the Hayleys Group and the addition of recent strategic acquisitions resulted in a 37% YoY increase in turnover up to Rs.112.3 billion during the nine months to 31 December 2017 while gross profits expanded by 29% YoY up to Rs. 24 billion. Increases in raw material prices and adverse weather […]
Hemas Holdings posts consolidated revenue of Rs.35.6Bn
Hemas Holdings PLC and its subsidiaries reported consolidated revenue of Rs.35.6 billion; a year-on-year (YoY) growth of 11.4% and profit attributable to equity holders of Rs.2.1billion, a decline of 12.7% for the nine months ending December 31, 2017. Cumulative operating profit for the first nine months of the FY18 stood at Rs.2.9 billion; a YoY […]
Dialog Axiata FY 2017 NPAT Rs10.8Bn, Rs27.3Bn Invested in Infrastructure
• Net Profit After Tax Rs10.8Bn • Recommended Dividend: 35% of Earnings, 46 Cents per Share • Direct and Indirect Contribution in Taxes, Fees and Levies to GoSL: Rs35.7Bn • Investment in High Speed Broadband and Other Infrastructure: Rs27.3Bn Dialog Axiata PLC announced, Friday 9th February 2018, its consolidated financial results for the year ended […]
Consumer goods & agri sectors boost Sunshine group profits by 23-pct
9MFY18 Highlights • Consolidated revenue of Rs.15.6 billion, an increase of 12.4% YoY • PAT amounted to Rs. 1.6 billion, up 23.0% YoY, due to strong Agri and Consumer Goods sector results • Healthcare revenue up 3.3% YoY to Rs. 6.0 billion • Strong growth in Consumer Goods, revenue up 27.4% YoY to Rs 3.8 […]
Colombo Stock Exchange records Rs4bn in net foreign purchases last month
CSE Feature Interview: CSE records strongest ever start to a year in terms of Foreign Investment Record breaking foreign investment in the Sri Lankan stock market has continued into 2018, with Rs. 4 billion in net foreign purchases during the month of January – a new record for the first month of any given year. The […]
‘s Hatton Plantations starts trading on CSE
Feb 02, 2018 (LBO) – The shares of Hatton Plantations Ltd (CODE: HPL) commenced trading on the Colombo Stock Exchange (CSE) today. The shares, which were listed by way of an introduction on the Diri Savi Board of the CSE have been classified under the ‘Plantations’ sector. The occasion was marked through a Bell Ringing […]
Sunshine Holdings invests Rs9mn to partner with investment firm
Jan 25, 2018 (LBO) – Sunshine Holdings has invested 9 million rupees to partner with Strategic Business Innovator (Pvt) Ltd, an investment firm to be set up in Sri Lanka.Sunshine Holdings is currently in partnership with Singapore based SBI Ven Holdings (Pvt) Ltd, a subsidiary of SBI Holdings and veteran investment banker Viraj Malawana to […]
‘s Softlogic Holdings plans Rs7bn equity sale
Jan 25, 2018 (LBO) – Softlogic Holdings PLC has come to an agreement with Samena Ceylon Holdings Ltd., a Mauritius based firm to raise 7 billion rupees from a placement of shares to raise private equity. The board of directors of Softlogic has decided to place 182.22 million shares with Samena Ceylon Holdings Ltd at 17 rupees a […]
‘ defensive cash flows: Fitch
Jan 23, 2018 (LBO) – Hemas Holdings acquisition of a controlling stake in Sri Lanka’s leading school and office stationery manufacturer, Atlas Axillia (Private) Limited, will bolster Hemas’ defensive operating cash flows, Fitch Ratings said. Last week, Hemas agreed to buy a 75.1 percent stake in Atlas for 5.7 billion rupees. Atlas has a strong distribution […]