Tag: lbo.lk
Singer revenue in Q1, 2019 marginally down for previous year
Aug 09, 2019 (LBO) – Singer (Sri Lanka) PLC results for Q1 ended June 30, 2019 indicated a Group revenue at 13.9 billion rupees, when compared to 15.1 billion rupees during the previous year. The Group recorded operating profit of 1,065 million rupees for the Q1 compared to 1,284 million rupees realized during the previous […]
Hayleys records Rs.52.6Bn turnover in first quarter 2019/20
Aug 09, 2019 (LBO) – Hayleys PLC, demonstrated resilience in challenging conditions to record an improvement in turnover and operating performance during the first quarter of the 2019/20 financial year. The Group’s turnover grew by 4 percent to 52.6 billion rupees during the period, upheld mainly by the top line growth in Hand Protection (+10%), […]
Applications accepted for CA Sri Lanka’s 55th annual report awards
Aug 07, 2019 (LBO) – To honor the best Annual Report masterpiece produced in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is now accepting applications for its 55th annual report awards competition from business organizations vying for honors in financial reporting. Boosted by a progressive history spanning over half […]
Piramal Glass Ceylon reports Rs.1,585Mn in revenue for FY Q1 2019/20
Aug 07, 2019 (LBO) – Piramal Glass Ceylon PLC has reported 1,585 million rupees revenue and 21 million rupees, profit after tax for the 1st quarter of FY 2019-20. The quarter under review saw the completion of the capacity enhancement project, which was undertaken by the Company in F17. The company installed a new bottle […]
ICTA launches national IT-BPM workforce survey 2019
Aug 07, 2019 (LBO) – A new IT-BPM survey reveals the overall strength of the sector’s workforce has grown from 82,854 in 2014 to 124,873 in 2018, up 50.7 percent and is projected to leap further to 146,089 in 2019. Information and Communication Technology Agency of Sri Lanka (ICTA) initiated a national workforce survey by […]
Ceylon Chamber announces Sri Lanka investment and business conclave 2019
The Ceylon Chamber of Commerce in association with the Ministry of Development Strategies and International Trade, Ministry of Foreign Affairs, Ministry of Finance, Ministry of Industry and Commerce, Board of Investment of Sri Lanka, the Department of Commerce and the Sri Lanka Export Development Board will be organizing Sri Lanka Investment and Business Conclave 2019 […]
UNP coalition announcement delayed till end August : Ranil
Aug 06, 2019 (LBO) – Prime Minister Ranil Wickremesinghe said the postponement of the formation of the Democratic National Front (DNF) was temporary and that it will be done towards the end of August. Issing a formal statement the PM reiterated that the amendment to the coalition’s constitution had been presented after the UNP Working […]
‘s insurance industry records 5.7-pct growth in Q1 of 2019
Aug 06, 2019 (LBO) – The insurance industry reported a growth of 5.70 percent in terms of overall gross written premium (GWP), during the first quarter of 2019, recording an increase of 2,504 million rupees when compared to the same period in the year 2018, the Insurance Regulatory Commission of Sri Lanka said in a […]
DIMO’s new identity and way forward
(Press Release) – Reposition DIMO inside-out, to grow competitively and profitably considering the challenges of the future. Brand DIMO crosses the big 80-year milestone this year. With every decade DIMO has improved lifestyles of Sri Lankans through multiple interactions. It is a fitting moment to reflect on our successes and strengths but also regroup, to […]
Sri Lanka targets Rs.130Bn excise revenue in 2019; So far 24,150 raids conducted
Aug 05, 2019 (LBO) – The Excise Department has conducted 24,150 raids throughout the country during the first six months of this year under its program to minimize life risks through the elimination of illicit liquor. These raids have been carried out under the charges of brewing illicit liquor, possession of such liquor, possession of […]
Interblocks acquired by Hitachi-Omron
Aug 05, 2019 (LBO) – Interblocks, a local fintech that specializes in payment-related software for the financial and retail sectors, has been acquired by Hitachi-Omron Terminal Solutions. It will now operate as a wholly-owned subsidiary. Japan’s Hitachi-Omron Terminal Solutions announced that it had entered into an agreement for the purchase of the entire issued share […]
Dipped Products records turnover of Rs.7.8Bn
Aug 05, 2019 (LBO) – The Dipped Products Group posted 7.8 billion rupees turnover and 221 million rupees profit before tax (PBT) for the first quarter ended 30th June 2019. The hand protection segment posted a growth of 8 percent in turnover amounting to 4.4 billion rupees and contributed 219 million rupees to group PBT. […]