Category: Companies
Aitken Spence records 31-pct top line growth in Q1
Reflecting top line growth across all sectors – tourism, maritime and logistics, strategic investments and services; leading blue chip – Aitken Spence PLC posted a revenue figure of Rs. 7.5 Billion in the first quarter of the 2016/17 financial year, a 31% increase from the previous year’s Rs. 5.8 Billion. The top line growth is […]
Sri Lanka’s Ceylon Tobacco unit profits flat in June quarter
Aug 12, 2016 (LBO) – Profits at Ceylon Tobacco, a unit of British American Tobacco, rose one percent to 3.0 billion rupees in the June quarter, interim accounts showed. The firm reported earnings of 16.28 rupees per share for the quarter compared to earnings of 16.12 rupees per share posted a year ago. The share […]
SLT gets full landing status for SEA-ME-WE 5 in Matara
Aug 12, 2016 (LBO) – Telecommunications and ICT solutions provider, Sri Lanka Telecom PLC (SLT), says it has gained full landing status of SMW5 Cable Station in Matara. With this, Sri Lanka can offer the region “state-of-the-art global services provided through multiple international undersea cable systems,” SLT said in a statement. SLT’s International Backhaul Network […]
Nestlé Lanka delivers 7.4 % growth, LKR 19 billion sales in H1 2016
(PRESS RELEASE) – Shivani Hegde, Nestlé Lanka Managing Director: “We have delivered steady results for the first six months of the year despite a very challenging business environment. With the launch of important product innovations and renovations, we aim to delight consumers with products that offer Nutrition Health and Wellness. As we mark 110 years […]
‘l Airlines
Aug 11, 2016 (LBO) – SriLankan Airlines has entered into a “wet lease” agreement with Pakistan International Airlines (PIA), owned by the government of Pakistan, whereby an Airbus A330-300 aircraft will be leased by SriLankan to PIA on Aircraft Crew Maintenance & Insurance (ACMI) basis. This means that the aircraft will remain under SriLankan registry and […]
Sri Lanka’s Hemas Holdings profits surge 68-pct in June quarter
Aug 11, 2016 (LBO) – Sri Lanka’s Hemas Holdings which has interests in FMCG, leisure and healthcare, has posted a equity holder profit of 696 million rupees in the June 2016 quarter, up 68 percent from a year earlier, interim accounts showed. The group reported basic earnings of 1.22 rupees per share for the quarter, […]
Sri Lanka’s HNB net up 41-pct in June quarter amid income growth
Aug 11, 2016 (LBO) – Group profits at Sri Lanka’s Hatton National Bank surged 41 percent to 3.3 billion rupees in the June 2016 quarter from a year earlier amid strong income growth, interim accounts showed. The group reported basic earnings of 8.56 rupees per share for the quarter, up from 6.19 rupees per share […]
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 […]