Piramal Glass Ceylon profits down 4-pct in June quarter
Piramal Glass Ceylon PLC has announced its results for the 1st Quarter of FY 2017-18 with Rs. 1,403 million of Revenue & Rs. 105 million of Profit After …
Companies
LAUGFS to set up cylinder manufacturing plant in Bangladesh
July 17, 2017 (LBO) – LAUGFS Gas Bangladesh, part of the diversified Sri Lankan multinational LAUGFS Holdings, said it is planning to set up a cylinder …
Odel plans USD106mn mixed development project in Sri Lanka
July 12, 2017 (LBO) – Odel Properties One (Private) Limited, a fully owned subsidiary of Odel, has entered into an agreement with Sri Lanka's Board of …
HNB rights issue will boost capital, credit positive: Moody’s
July 11, 2017 (LBO) – Hatton National Bank’s rights issue will boost their capital buffer well above the Basel III requirements that took effect in Sri …
Softlogic Holdings to acquire Suzuki Motors Lanka
July 06, 2017 (LBO) – Softlogic Retail (Private) Limited, a subsidiary of Softlogic Holdings, has entered into a share sale and purchase agreement with …
Sri Lanka’s Watawala Plantations to separate tea business
June 30, 2017 (LBO) – Sri Lanka’s Watawala Plantations is planning to set up a separate company relating to the tea business segment of the company by …
Siyapatha Finance to raise Rs1bn in listed debt
June 29, 2017 (LBO) – Sri Lanka’s Siyapatha Finance is planning to raise as much as one billion rupees from a public offer of debentures which will be …
Anilana Hotels to sell 51-pct stake to Somap International
June 28, 2017 (LBO) – Sri Lanka’s Anilana Hotels said an international firm Somap International (Private) Limited plans to invest in up to 51 percent of …
Laugfs enters residential apartment development
June 27, 2017 (LBO) – Sri Lanka’s Laugfs Property Developers, a subsidiary of Laugfs Gas PLC, has formed a fully owned subsidiary to undertake residential …
Fitch expects more interest rate pressure for Sri Lankan corporates
June 20, 2017 (LBO) – Fitch Ratings says it expects rising domestic interest rates to hurt Sri Lankan corporates over the next 12 months. buy …
Lankem Ceylon acquires injection moulding firm for Rs150mn
May 26, 2017 (LBO) – JF Packaging Private Limited, a fully owned subsidiary of Lankem Ceylon, has acquired a firm engaged in the business of injection …
DFCC sells stake in Commercial Bank to subscribe for rights issue
May 25, 2017 (LBO) – Sri Lanka’s DFCC Bank Wednesday sold 1.18 percent of the issued voting shares in Commercial Bank, the bank said in a stock exchange …
Hayleys crosses Rs 100 billion turnover in 2016/17
Leading Sri Lankan conglomerate Hayleys PLC concluded the 2016/17 financial year with its strongest performance to-date, setting a new benchmark for the …
CCS to invest Rs6.3bn in new ice cream factory, bottling facility
May 19, 2017 (LBO) – Ceylon Cold Stores said it is enhancing capacity with investments of 3. buy flagyl online mexicanpharmacyonlinerx.net/dir/flagyl.html no …
Ceylon Cold Stores March quarter net down 15-pct
May 17, 2017 (LBO) – Profits at Sri Lanka’s Ceylon Cold Stores group, which has interests in consumer goods and retailing, fell 15 percent to 824 million …
LBR LBO Brand Summit 2017: Building Breakthrough Brands in the Post-Marketing Age
Apr 26, 2017 (LBO) - Senior thought leaders from Sri Lanka and abroad will speak on “Marketing is Dead, Now What? – Building Breakthrough Brands in …
Fairway Waste Management says processing facility on schedule
Apr 24, 2017 (LBO) - Fairway Waste Management said its solid waste processing facility, being built in Colombo, was an important step taken recently to tackle …
Agalawatte Plantations to take legal action against previous management
Apr 04, 2017 (LBO) – Sri Lanka’s Agalawatte Plantations has resolved to take legal actions against the previous management shortly to recover the funds …
Sri Lanka’s RIL Property Rs960mn IPO oversubscribed
Apr 04, 2017 (LBO) – An initial public offering of 120 million ordinary shares by RIL Property Limited to raise 960 million rupees was oversubscribed within …