Sri Lanka’s Ceylon Cold Stores March quarter net down 7-pct
May 27, 2015 (LBO) – Profits at Sri Lanka’s Ceylon Cold Stores, which has interests in consumer goods and retailing, fell 6.75 percent to 601.2 million …
Companies
Singer Finance Lanka proposed debt issue rated ‘BBB(lka)’ final national long term rating: Fitch
May 27, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned Singer Finance (Lanka) senior secured debt a final national long-term rating of …
Sri Lanka’s John Keells Holdings March quarter profits up 11-pct
May 26, 2015 (LBO) – Profits at Sri Lanka’s John Keells Holdings, up 11.55 percent from a year earlier to 5.2 billion rupees in the March 2015 …
Sri Lanka’s Sunshine Holdings eyes renewable energy projects
May 26, 2015 (LBO) – Sri Lanka’s Sunshine Holdings said it is considering diversify and expand the renewable energy sector, if the government is willing to …
Sri Lanka’s Orient Finance announces amalgamation and payment plan for shareholders
May 26, 2015 (LBO) – Sri Lanka’s Orient Finance, a company to be amalgamated with Bartleet Finance, announced its payment plan for shareholders on …
Sri Lanka’s United Motors property revaluation surplus crosses Rs. 1.73 bn
May 26, 2015 (LBO) – Sri Lanka’s United Motors, one of the oldest automobile companies in the island has transferred a revaluation surplus of 1.73 …
Sri Lanka’s Fitch Revises Pan Asia Banking’s Outlook to Negative; Affirms at ‘BBB(lka)’
May 22, 2015 (LBO) – Sri Lanka’s Fitch Ratings Lanka has revised Sri Lanka-based Pan Asia Banking Corporation PLC’s outlook to negative from stable …
Shangri-La launches 500mn US dollar luxury apartments and office complex project in Colombo
May 22, 2015 (LBO) – Hong Kong based Shangri La Hotels and Resorts, a property developer and hotel group launches 500 million US dollars of exclusive …
Fitch Rates NDB’s Subordinated Debentures ‘A+(lka)(EXP)’
May 22, 2015 (LBO) – Sri Lanka’s Fitch Ratings Lanka has assigned National Development Bank PLC’s proposed subordinated debentures of up to 10 …
Fitch Affirms Sanasa Development Bank at ‘BB+(lka)’/Stable
Mar 21, 2015 (LBO) – Sri Lanka’s Fitch Ratings Lanka has affirmed Sanasa Development Bank PLC’s (SDB) National Long-Term Rating at …
Sri Lanka’s troubled Kalpitiya Beach Resort points finger at former regime
May 21, 2015 (LBO) – Sri Lanka’s Kalpitiya Beach Resort, a subsidiary of Citrus Leisure PLC, has said that the hotel project was held back due to former …
Sri Lanka’s IOC unit records 1.06 billion loss in March 2015
May 19, 2015 (LBO) – Lanka IOC, a unit of Indian Oil Company reported 1.06 billion rupees loss in March 2015 against 722 million rupees profit reported …
Sri Lanka’s DFCC Vardhana Bank’s Debt assigned final ratings: Fitch
May 19, 2015 (LBO) – Fitch Ratings Lanka has assigned DFCC Vardhana Bank PLC’s proposed Basel II-compliant senior debentures a final National …
Sri Lanka’s Haycarb profit margins squeezed by high charcoal prices
May 19, 2015 (LBO) – Sri Lankan coconut shell-based activated carbon manufacture Haycarb’s March 2015 quarter profit after tax rose 18.33 percent …
Sri Lanka Singer Plc to issue a debenture
May 18, 2015 (LBO) – Sri Lanka, Singer PLC, is to issue 20,000,000 rated senior unsecured redeemable debentures at an issue price of 100 rupees per …
Fitch Rates Central Finance’s Senior Debt Final ‘A+(lka)’
May 15, 2015 (LBO) – Sri Lanka Fitch Ratings has assigned Central Finance Company Plc’s issue of senior secured redeemable debentures of up to 3 …
Sri Lanka’s NDB posts Rs1.6bn profits; 30-pct YoY growth
May 15, 2015 (LBO) Sri Lanka’s National Development Bank PLC reported 1, 558 million rupees of profit after tax in the first quarter of 2015 up 30 percent …
Sri Lanka’s Hemas right issue raised Rs4.1bn supporting it’s expansion plan
May 14, 2015 (LBO) – Sri Lanka’s Hemas Holdings said that it successfully completed the rights issue raising 4.1 billion rupees of new capital to finance …
Sri Lanka’s Fitch assigns Singer debentures ‘A-(lka)’ final rating
May 13, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned Singer’s unsecured redeemable debentures issue of up to 3 billion rupees a final …
Ceylon Tobacco sales up 11-pct on increase of disposable income: Interim Report
May 13, 2015 (LBO) – Sri Lanka’s Ceylon Tobacco Company’s sales volumes increased 11 percent during the quarter which could be attributed to a higher …