Category: Companies
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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 billion rupees, a final National Long-Term Rating of ‘A+(lka)’. The Media Release reproduced below :- The final rating is the same as the expected rating assigned on 8 April 2015, […]
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 compared to the same period 2014, interim report showed.The Bank’s total operating income before impairment charges for loans and other losses and operating expenses grew by 18 […]
‘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 its expansion plans in healthcare and personal care.“We are working hard on achieving our vision of being the best at enriching lives through our activities in healthcare, personal care, […]
”’ 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 national long term rating of ‘A-(lka)’. The final rating is the same as the expected rating assigned on 20 April 2015, and follows the receipt of documents conforming to information already […]
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 level of consumer confidence and an increase in disposable income, the company said in its interim report. “During the first quarter we continued to see a volume growth in the […]
Sri Lanka stocks close down 0.14-pct
May 06, 2015 (LBO) – Sri Lanka’s stocks closed lower at 0.14 per cent, with investors taking profits from the market, brokers said. The Colombo benchmark All Share Price Index closed 9.82 points lower at 7,192.29 down 0.14 per cent. The S&P SL20 closed 5.15 points lower at 4,058.98 down 0.13 per cent. Turnover was […]
Sri Lanka’s BOI sign MOU with UK publishing firm
Apr 30, 2015 (LBO) – Sri Lanka’s Board of Investment signed a memorandum of understanding with Oxford Business Group (OBG), a publishing firm in United Kingdom yesterday to publish a report on investment opportunities and current drivers of economic growth in the Island. “Over past few months OBG was receiving invites from our core clientele […]
‘s Fitch rates DFCC Vardhana debentures
Apr 23, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned DFCC Vardhana Bank’s proposed Basel II-compliant senior debentures of up to 3 billion rupees an expected national long-term rating of ‘AA-(lka)(EXP)’. The proposed Basel II-compliant subordinated debentures of up to 2 billion rupees has assigned an expected national long-term rating of ‘A+(lka)(EXP)’. The debentures, […]
Sri Lanka’s Fitch withdraws national long term rating on DSI Holdings
Apr 23, 2015 (LBO) – Sri Lanka’s Fitch Ratings has withdrawn DSI Holding’s national long-term rating of ‘BBB(lka)’ with a stable outlook. Issuing a statement Fitch said the withdrawal follows the amalgamation of DSI Holdings with its ultimate parent, DSI Samson Group (Private) Limited.DSI Samson Group is the surviving entity and under the provisions of […]
Sri Lanka’s Singhe Hospitals opens for trading
Apr 23, 2015 (LBO) – Sri Lanka’s Singhe Hospitals was listed on the DiriSavi board of the Colombo Stock Exchange on Tuesday, the stock exchange said in an announcement.Chairman and CEO of Singhe Hospitals A.M. Weerasinghe rang the ceremonial opening bell to begin trading for the day.On the first day of trading Singhe Hospitals shares […]
Sri Lanka’s Hilton hotel gets new Chairperson
Apr 08, 2015 (LBO) – Sri Lanka’s Hotel Developers (Lanka) Plc, owners of Hilton hotel Colombo has appointed Sagarika Delgoda as it Chairperson, a media report said.The appointment was made by the Finance minister, Ravi Karunanayake under whose purview the company comes.She replaces Tirukumar Nadesen.Delgoda holds an upper second class Political Science and Government degree […]
Sri Lanka’s Coffee Bean and Tea Leaf opens Rs 50mn store in Colombo
Apr 05, 2015 (LBO) –Sri Lanka’s Coffee Bean and Tea Leaf, Californian coffee brand founded in 1963 in Los Angeles, has opened a new coffee store with an investment about 50 million rupees to cater to the trending coffee demand, an official said. “Other fast developing countries have shown the same pattern that Sri Lanka […]