Tag: lbo.lk
Sunshine Holdings’ reports PAT Rs.1.7Bn, up 32.3-pct YoY
Feb 17, 2020 (LBO) – Boosted by the divestment of its tea plantations, diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported notable growth in bottom-line performances during the first nine months of the current financial year (9MFY20). During this period, the Group posted a consolidated revenue of Rs. 15.8 billion, delivering a 32.3% […]
Sri Lanka performs poorly on economic freedom: Focus on open trade crucial: Advocata
Sri Lanka currently ranks 104 out of 162 countries for Economic Freedom (Economic Freedom of the World Index, 2019). This is a 7 step drop from last year’s ranking, 97. The President, in his Independence day address to the nation promised “I not only respect your freedom, but I will work towards improving it and […]
Valentine’s Day offer from SriLankan Airlines
SriLankan Airlines gives you an exciting way of celebrating Valentine’s Day this year with discounted fares of up to 25% off on Business class and 20% off on Economy class fares booked through the airline’s official website Srilankan.com. The discounted tickets can be booked on www.srilankan.com on the 13th and 14th February 2020. Tickets are […]
Proposals for a new constitution presented to President
Feb 14, 2020 (LBO) – A set of proposals containing facts that should be taking into account when formulating a new Constitution was presented to President Gotabaya Rajapaksa. The proposals on new Constitution compiled by the Yuthukama organisation under the theme ‘proposals to formulate a new Constitution for a strong state ‘ was presented to […]
Ogilvy Digital, now a behavioural change company
Neo@Ogilvy, Sri Lanka’s first and largest full service specialized digital media agency announced today its transformation into ‘Ogilvy Digital’, to better represent the company’s specialization and expertise in digital communication. Moving beyond the scope of a traditional digital media agency, the company’s expansive service offering includes; Digital Creativity and Strategy, Social Media Management, Data-Driven Digital […]
Dipped Products reports Rs. 23.2Bn Group turnover for nine months ending Dec 2019
Feb 13, 2020 (LBO) – Hayleys Group’s subsidiary Dipped Products PLC (DPL), a glove maker, reported 23.2 billion rupees Group turnover for the nine months ending December 2019. The Hand Protection sector contributed Rs 13.4 billion to the Group’s top line, while the Plantation sector recorded a turnover of Rs. 9.9 billion for the period. […]
Singer Group Q3 FY 2019/20 records strong results
Reflecting a strong turnaround delivering an impressive surge in Q3 profits for the year 2019/20, the Singer Group reported consolidated profit after tax of Rs. 341.4 million, compared to Rs. 17.4 million in the corresponding quarter of the previous year. The mainstays of this significant improvement was due to growth across key product categories as […]
President advises to conclude surveying of land units
Feb 12, 2020 (LBO) – President Gotabaya Rajapaksa advised to expedite the surveying of the land units during a discussion at the Presidential Secretariat today(10). President Rajapaksa stated that the government has identified a total of 14mn land units and during the last 20 years 10% of it has been surveyed. President added that he […]
HNB Finance first IPO since January 2018
HNB Finance Limited, a licensed finance company has obtained approval from the Colombo Stock Exchange to list its voting and non-voting ordinary shares. The ordinary voting shares will be listed by way of an IPO via an Offer for Sale of 10mn shares at a price of Rs. 5.70 per share while the ordinary non-voting […]
ICRA : Recent developments in power sec credit positive for mini-hydros
ICRA Lanka views recent developments in the hydro power sector to be credit positive. We based our assessment on three factors, (1) availability of sufficient water flows (run off river flow) due to favourable weather conditions that prevailed last year, (2) the Ceylon Electricity Board’s (CEB’s) decision to renew Power Purchase Agreements (PPAs) with hydro […]
Land an investment tool: Creates greater appeal for affluent
Land has been a commodity that has been looked upon as an investment for generations. The general understanding is to obtain land for housing or commercial purposes. However, land purely as a tool of investment has increasingly become an area of interest. The annual increment of land value every year is stipulated to be around […]
Opinion: Girls in STEM, How is Sri Lanka faring?
Ashani Abayasekara Written for International Day of Women and Girls in Science on 11 February 2020 Sri Lanka is well recognised as a leader in gender-equal education in the developing world; World Bank statistics show that primary and secondary school enrollments and completion rates are similar for girls and boys, while girls have higher enrollment […]