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 …
Companies
Sri Lanka’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 …
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. …
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 …
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 …
Sri Lanka’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 …
Sri Lanka’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 …
Jetwing Symphony opens trading at CSE today
Jan 05, 2018 (LBO) – Jetwing Symphony Ltd, will open trading at the Colombo Stock Exchange from today following its successful Initial Public Offering …
CA Sri Lanka revises Code of Best Practice on Corporate Governance
Jan 02, 2018 (LBO) – Institute of Chartered Accountants of Sri Lanka recently launched the revised Code of Best Practice on Corporate Governance 2017 with an …
CSE CEO at the London Global Convention on Governance and Sustainability
Dec 27, 2017 (LBO) – CEO of the Colombo Stock Exchange Rajeeva Bandaranaikerecently joined leaders from the global capital market and business fraternity …
Fitch affirms 9 Sri Lankan banks: Revises DFCC outlook to Stable
Dec 22, 2017 (LBO) – Fitch Ratings has revised the Outlook on DFCC Bank Plc (DFCC) to Stable from Negative. It has also affirmed the Long-Term Issuer …
Sri Lanka’s Sunshine Holdings appoints new member to Board of Directors
Dec 21, 2017 (LBO) -The Board of Directors of Sunshine Holdings PLCd appointed Sanjeev Shishoo, formerly the corporate Vice President of global healthcare …
Dialog and Richard Peiris in S&P Sri Lanka 20 index replacing Hayleys and Melstacorp
Dec 15, 2017 (LBO) – The Colombo Stock Exchange (CSE) announced the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow …
Jetwing Symphony’s IPO subscription to open Dec.14, 50.2Mn shares on offer
Dec 12, 2017 (LBO) – Sri Lanka’s Jetwing Symphony’s long-awaited initial public offering (IPO) of will open up for subscription on December …
Sri Lanka FDI grows to USD800mn for Jan-Sept exceeding 2016 total
Dec 08, 2017 (LBO) – International Trade Ministry says exports and foreign direct investment (FDI) have shown substantial increases this year compared to …
Sri Lanka’s Jetwing Symphony announces Rs.900Mn IPO
Dec 06, 2017 (LBO) – Jetwing Symphony Limited (JSL), the investment arm of the group announced the opening of its Initial Public Offering (IPO) on …
S&P DJI considers revising index methodology of S&P Sri Lanka 20
Nov 27, 2017 (LBO) – S&P Dow Jones Indices (S&P DJI) is currently conducting a consultation with members of the investment community on a potential …
John Keells X Open Innovation Challenge winners enter 6 month accelerator programme
(PRESS RELEASE) – John Keells Holdings PLC announced the six winners of its second John Keells X Open Innovation Challenge at a Pitch Day recently. The …
Hidden motive of new bank tax is to weaken state banks: MR
Nov 23, 2017 (LBO) – Sri Lanka’s ex-President Mahinda Rajapaksa quoting experts said the hidden motive of the proposed debt repayment levy is to …
Sri Lanka’s Brandix signs Joint Venture agreement with Best Pacific of Hong Kong
Nov 20, 2017 (LBO) – Sri Lanka’s Brandix has signed a joint venture agreement with Best Pacific of Hong Kong to produce synthetic fabric and …