Category: In Pictures
Colombo Coffee Company opens Sri Lanka’s first dedicated coffee store
The flag carrier for Lavazza Coffee and the only total coffee solutions provider in Sri Lanka, Colombo Coffee Company (CCC) recently opened doors to Sri Lanka’s first dedicated coffee store. The one-of-a-kind store located at Ward Place was declared open by Chairman of CCC Ajith Dias. Directors Lalin Dias and Hiran Embuldeniya were also present. […]
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 domestic sale for the period was Rs.3,375 million as against the previous year’s Rs. 4,065 million depicting a drop of 17%, whilst the export market showed a […]
‘s Basel III Sub Debt AA-(lka)(EXP)
Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (CB, AA(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures of up to LKR10 billion an expected National Long-Term Rating of ‘AA-(lka)(EXP)’. The debentures will have maturities of five and 10 years and carry fixed coupons. The debentures will qualify as Basel III-compliant regulatory Tier 2 capital for […]
Sampath Bank becomes first bank to accept Alipay payments in Sri Lanka
Sampath Bank, one of Sri Lanka’s most innovative banks, has become the first bank in the country to partner with Alipay, the world’s largest online and offline payment platform operated by Ant Financial Services Group.This latest partnership will allow Sampath Bank’s local merchant partners to tap in to the multitude of incoming tourists from China […]
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.112.3 billion during the nine months to 31 December 2017 while gross profits expanded by 29% YoY up to Rs. 24 billion. Increases in raw material prices and adverse weather […]
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 equity holders of Rs.2.1billion, a decline of 12.7% for the nine months ending December 31, 2017. Cumulative operating profit for the first nine months of the FY18 stood at Rs.2.9 billion; a YoY […]
Celebrate the victory peacefully and with restraint: Mahinda Rajapaksa
MEDIA RELEASE Celebrate the victory peacefully and with restraint Reports coming in from all corners of the island, indicate that the Sri Lanka PodujanaPeramuna is heading for a historic victory at the local government elections. I wish to express my heartfelt thanks to the voting public of Sri Lanka who have reposed their trust in […]
Dialog Axiata FY 2017 NPAT Rs10.8Bn, Rs27.3Bn Invested in Infrastructure
• Net Profit After Tax Rs10.8Bn • Recommended Dividend: 35% of Earnings, 46 Cents per Share • Direct and Indirect Contribution in Taxes, Fees and Levies to GoSL: Rs35.7Bn • Investment in High Speed Broadband and Other Infrastructure: Rs27.3Bn Dialog Axiata PLC announced, Friday 9th February 2018, its consolidated financial results for the year ended […]
Consumer goods & agri sectors boost Sunshine group profits by 23-pct
9MFY18 Highlights • Consolidated revenue of Rs.15.6 billion, an increase of 12.4% YoY • PAT amounted to Rs. 1.6 billion, up 23.0% YoY, due to strong Agri and Consumer Goods sector results • Healthcare revenue up 3.3% YoY to Rs. 6.0 billion • Strong growth in Consumer Goods, revenue up 27.4% YoY to Rs 3.8 […]
Virtusa Showcases Innovation and Tech Prowess at Tech Month
(PRESS RELEASE) – Virtusa announced the launch of “Virtusa Tech Month”, a celebration of the company’s innovative spirit and technology leadership, at its Colombo Advanced Technology Center recently. Bringing together Virtusans from across various practices and domains including Healthcare, Communications, Media and Information Industries (CMI), Banking and Financial Services (BFS) and FinTech, the event seeks […]
AmCham hosts Stephen Renna from U.S. Department of Commerce
(PRESS RELEASE) – Stephen Renna, Director, Advocacy Center, U.S. Department of Commerce, International Trade Administration will meet with members of the American Chamber of Commerce in Sri Lanka this Friday. The meeting will focus on initiatives being carried out by the Advocacy Center to boost business for U.S. companies as well as an open discussion […]
CCC Seminar to examine opportunities of Sri Lanka – Singapore FTA
Gain Insights on How to Expand Your Business Opportunities through the Sri Lanka – Singapore FTA Seminar organized by the Ceylon Chamber In light of the new Free Trade Agreement (FTA) signed last month, which is the first FTA Sri Lanka has signed in over a decade, the Ceylon Chamber of Commerce will hold a […]