Commercial Bank continues growth in Q2 to post strong 6-month result
Aug 16, 2018 (LBO) - Commercial Bank of Ceylon PLC has continued its growth momentum into the second quarter of 2018, despite having to pay in excess of Rs 7 …
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Virtusa worth $ 1.5 billion, projects year-end March 2019 revenue of $ 1.25 billion
August 15, 2018 (LBO) - Nasdaq listed software development company Virtusa (VRTU) reported earnings for the quarter ended June 30th 2018 last week. The company …
Fitch maintains negative banking sector outlook for Sri Lanka in 2018
Aug 15, 2018 (LBO) – Fitch Ratings said it maintains a negative banking sector outlook for Sri Lanka as operating conditions remain challenging, which could …
Janashakthi Insurance PLC reports 6-pct growth (YoY) in June quarter
Aug 14, 2018 (LBO) - Life Insurer Janashakthi Insurance PLC (Janashakthi) reported a 6 percent year on year (YoY) growth in Gross Written Premium (GWP)for the …
Sri Lanka Telecom (SLTL) to issue 90mn shares in private placement, price TBD
August 13, 2018 (LBO) - Trading in shares of Colombo Stock Exchange (CSE) listed Sri Lanka Telecom (SLTL) were halted today pending an announcement of un …
Ceylon Tobacco (CTC) pays taxes of Rs63bn, keeps Rs8bn for itself at halfway mark for 2018
August 13, 2018 (LBO) - Colombo Stock Exchange (CSE) listed Ceylon Tobacco (CTC) reported robust earnings for the quarter and six months ended June 30, 2018. …
CSE listed CDB reports profit of Rs339mn; Deposits grow to Rs47bn
August 13, 2018 (LBO) - Colombo Stock Exchange listed Citizens Development Business Finance (CDB) reported robust profits for the June 2018 quarter. online …
Abans Finance (AFSL) reports modest profit, deposits at 6.5bn, balance sheet shrinks sequentially
August 13, 2018 (LBO) - Colombo Stock Exchange listed Abans Finance PLC (AFSL) released quarterly results for the period ended June 2018. online pharmacy buy …
Hayleys celebrates 140 years of innovative excellence in Sri Lanka
Leading Sri Lankan multinational and diversified conglomerate, Hayleys PLC celebrates 140 years of business excellence and innovation this year. Established in …
Pan Asia Bank PAT tops Rs.800Mn in 1H 2018
Aug 10, 2018 (LBO) - Pan Asia Banking Corporation PLC reported its best ever profit recorded in a first half in 2018 anchored by solid growth in new loans, …
Oracle Cloud powering Sri Lankan organizations to transform and innovate
Aug 10, 2018 (LBO) - Three of Sri Lanka’s most prominent companies shared how they are transforming their businesses and accelerating the adoption of the …
Singer revenue up 16-pct in 1Q
Aug 09, 2018 (LBO) - Singer (Sri Lanka) PLC announced a 16 percent increase in its revenue to 15. online pharmacy buy spiriva inhaler with best prices today …
Advantis Engineering partners ATAD Steel Structure Corporation to improve construction solutions in Sri Lanka
Advantis Engineering, a subsidiary of Hayleys Advantis Limited, recently entered into a Memorandum of Understanding (MOU) with global pre-engineered building …
Prime Finance (GSF) swings to profit, increases capital via rights issue, deposits top Rs2.6bn
August 6, 2018 (LBO) - Colombo Stock Exchange listed Prime Finance PLC (GSF) reported a profit of Rs29mn for the quarter ended June 2018. buy suhagra online …
SOMAP makes mandatory offer to all shareholders of Anilana Hotels (ALHP)
August 6, 2018 (LBO) - Singapore incorporated company SOMAP has made a mandatory offer to acquire all outstanding shares in CSE listed Anilana Hotels (ALHP). …
Asia Securities Chairman Dumith Fernando appointed to Union Assurance (UAL) Board
August 3, 2018 (LBO) - Asia Securities Chairman has been appointed as an Independent Non-Executive Director of CSE listed insurance company Union Assurance …
Ramani Ponnambalam appointed Chairperson of Alliance Finance (ALLI)
August 3, 2018 (LBO) - The Board of Directors of CSE listed Alliance Finance has appointed Non Executive Director Ramani Ponnambalam as Chairperson with effect …
Asanga closes deal; Anilana Hotels (ALHP) gets capital infusion
August 3, 2018 (LBO) - After several delays, Colombo Stock Exchange (CSE) listed Anilana Hotels and Properties (ALHP) has finalised a deal with investor SOMAP …
Sampath Group pre-tax profit exceeds Rs10Bn for first half of 2018
(PRESS RELEASE) - Sampath Bank’s Group pretax profit for the first half of the year exceeded Rs 10.3 Bn (28.2% growth) while Sampath Bank recorded a pre-tax …
Fintek Solutions announce acquisition Brown’s Integrated Business Solutions
Aug 03, 2018 (LBO) - Fintek Managed Solutions (Pvt) Limited has announced its acquisition of the Integrated Business Solutions (IBS) unit of Brown and Company …