Category: Other
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 […]
Commercial Bank carries solid growth momentum into 2nd quarter of 2016
The Commercial Bank of Ceylon has extended its growth momentum into the second quarter of the year to record robust performance indicators for the six months ending 30th June 2016 amidst increasing costs of funds and shrinking margins. Sri Lanka’s benchmark private bank has reported profit before VAT and NBT of Rs 10.391 billion recording […]
‘s HDFC Bank at BBB(lka); outlook stable
Fitch Ratings has affirmed Housing Development Finance Corporation Bank of Sri Lanka (HDFC Bank) National Long-Term Rating at ‘BBB(lka)’. The Outlook is Stable. The agency also affirmed HDFC Bank’s senior secured and senior unsecured debentures at ‘BBB(lka)’. KEY RATING DRIVERS HDFC Bank’s National Long-Term Rating reflects Fitch’s expectation that the bank would receive extraordinary support […]
UNESCO Director General to pay first official visit to Sri Lanka
UNESCO Director-General Irina Bokova will undertake her first official visit to the Democratic Socialist Republic of Sri Lanka, where she will affirm the Organization’s support to the peace and reconciliation process and the advancement of the 2030 Agenda for Sustainable Development. Through a series of public events, visits to world heritage sites and top-level bilateral […]
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 […]
IronOne CEO Lakmini Wijesundera named Woman Entrepreneur of the Year
PRESS RELEASE Mobile IT solutions trailblazer Lakmini Wijesundera has been honoured at the highest level for her contribution to the country’s economy with the three top awards at the annual Women Entrepreneur Awards presented by the Women’s Chamber of Industry & Commerce (WCIC). The co-founder and CEO of IronOne Technologies, the Sri Lankan mobile software […]
Brandix bags 11 awards at Presidential Export Awards, ranked Sri Lanka’s top exporter in 2014 & 2015
(PRESS RELEASE) – The Brandix Group won a remarkable 11 awards including the Exporter of the Year awards for 2014 and 2015 at the Presidential Export Awards last evening, taking the top honours at this prestigious event conducted by the Export Development Board (EDB). The awards presented by President Maithripala Sirisena at the BMICH recognise […]
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 […]
Mastercard unveils new brand identity
Mastercard, one of the world’s most recognizable brands, unveiled the evolution of its brand identity, including a modernized and simplified update to its iconic red and yellow logo coupled with a new look and feel for branded communications and experiences. The ability to thrive in a digital age, besides positioning Mastercard as a forward-thinking, human-centered […]
Expolanka Holdings top line grows 7 pct in June quarter
Aug 09, 2016 (LBO) – Expolanka Holdings, which operates in areas including logistics and leisure, said it recorded seven percent growth in revenue to 14.96 billion rupees in the June quarter, which was a resilient performance amidst challenges. With its strategic shift towards growth sectors in logistics and leisure, operating profit increased 20 percent to […]
Ceylinco Life head office gets biggest solar power system in Colombo
Aug 09, 2016 (LBO) – Ceylinco Life has broken new ground in the sphere of eco-friendly operations with the installation of the biggest solar electricity system in Colombo, the company said. The life insurance company said it is converting its head office building in Colombo 5 to solar power, with a system capacity of 63.18kW. […]