Category: Companies
Sri Lanka’s Distilleries June net up 10-pct with beverage revenues
Aug 11, 2016 (LBO) – Profits at Sri Lanka’s Distilleries group, the island’s largest alcohol maker, rose 9.55 percent to 1.9 billion rupees in the June 2016 quarter from a year earlier, interim accounts showed. In the June quarter, net revenues rose 35 percent to 25.9 billion rupees and sales related costs rose 25 percent […]
LOLC to issue USD150mn listed foreign currency bonds in Singapore
Aug 09, 2016 (LBO) – Sri Lanka’s LOLC is to issue and list 150 million US dollars worth foreign currency denominated notes and bonds on the Singapore Stock Exchange. Accordingly, the Company intends to establish a Multicurrency Medium Term Note programme on the Singapore Stock Exchange. “The Company has identified the issue of corporate notes/ […]
COPE presents interim report; bond report in two weeks
Aug 09, 2016 (LBO) – Sri Lanka’s Parliamentary Committee on Public Enterprises has presented its summarized interim report for the first 3 months of this year in Parliament on Tuesday. Chairman of COPE, Parliamentarian Sunil Handunnetti said the report contains progress of 19 Public Enterprises and covers the period of January 26 to April 08 […]
Sri Lanka’s Piramal Glass records 11-pct revenue growth in 1Q
Piramal Glass Ceylon PLC has announced its results for the 1st Quarter of F2017 with Rs. 1,656 Million of Revenue & Rs. 110 Million of Profit After Tax. The total revenue during the first quarter of FY 2017 showed an overall growth of 11%. The positive momentum achieved in the domestic market during previous year […]
Mackwoods says Agalawatte share sale had shareholder approval
Aug 09, 2016 (LBO) – Sri Lanka’s Mackwoods Plantations (Private) Limited says the recent share sale of Agalawatte Plantations had been unanimously approved by the shareholders of the company. In a stock exchange filing, Agalawatte Plantations said they have been notified that all the shareholders of Mackwoods Plantations (Private) Limited unanimously approved and executed an […]
Ceylinco Life head office gets biggest solar power system in Colombo
Aug 09, 2016 (LBO) – Ceylinco Life has broken new ground in the sphere of eco-friendly operations with the installation of the biggest solar electricity system in Colombo, the company said. The life insurance company said it is converting its head office building in Colombo 5 to solar power, with a system capacity of 63.18kW. […]
Norges wealth fund increases stake in Dialog, EPF reduces
Aug 08, 2016 (LBO) – Norges Bank has increased its shareholding in Dialog Axiata PLC to 96.6 million shares as of end June, data filed with the Colombo Stock Exchange shows. Norway’s Norges Bank, which manages the world’s biggest sovereign wealth fund, is now the fifth biggest shareholder in telecommunications company Dialog with a 1.19 […]
Sri Lanka’s Dialog Axiata net up 20-pct in June quarter
Aug 08, 2016 (LBO) – Profits at Sri Lanka’s Dialog Axiata group, which has interests in mobile, fixed and pay television rose 20 percent to 2.3 billion rupees from a year earlier in the June quarter, interim accounts showed. The group reported earnings of 28 cents per share for the quarter compared to 23 cents […]
Janashakthi Insurance records remarkable growth in 1H, 2016
Janashakthi Insurance PLC (Janashakthi) posted a consolidated Profit After Tax (PAT) of Rs. 630 million for the six months ended 30th June 2016, recording an impressive Year-on-Year growth of 198%. Consolidated Gross Written Premium (GWP) grew by 34% to Rs. 6.5 billion with the Company’s Non-Life segment leading the charge with 41% growth in GWP […]
Colombo Stock Exchange offers online services through CDS e-connect
Aug 05, 2016 (LBO) – The Colombo Stock Exchange has launched CDS e-connect, a portal with an array of online services to Central Depository System account holders. The CDS will match depositories from around the world in offering electronic services to account holders, a statement said. Many peer depositories in the Asian region currently provide similar […]
‘s top Unit Trust award
Aug 04, 2016 (LBO) – JB Vantage Money Market Fund, part of the JB Financials Pvt Ltd, has won gold for best Unit Trust at the recently held CFA Sri Lanka Capital Markets awards 2016. “JB Vantage Value Equity Fund bagged the bronze in the same category, thereby dominating the category and underscoring their leadership […]
Distilleries share swap gets court go ahead
Aug 03, 2016 (LBO) – Sri Lanka’s courts granted permission to shareholder of Distilleries Company for a plan to swap stock with Meltacorp Limited, a statement said. The company will call an Extra Ordinary General Meeting (EGM) on September 06, 2016 immidiately following its annual general meeting to get shareholder approval. After the swap, both […]