Fitch Affirms Richard Pieris & Company at ‘A(lka)’; Outlook Stable
(PRESS RELEASE) Fitch Ratings-Colombo-26 February 2018: Fitch Ratings has affirmed Sri Lanka-based conglomerate Richard Pieris & Company PLC's (RICH) …
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Janashakthi Delivers Sustained Double Digit Growth through FY 2017
(PRESS RELEASE) - Registering steady double digit growth in premiums through FY 2017, Janashakthi Insurance PLC (Janashakthi) posted a consolidated Gross …
Allianz completes acquisition of Janashakthi General Insurance
Feb 26, 2018 (LBO) – Allianz announced the company has completed its acquisition of Janashakthi General Insurance Limited, after receiving all the necessary …
Ceylinco Life’s net profit surges 95-pct to Rs.6Bn
(PRESS RELEASE) - Ceylinco Life has posted net profit of Rs 6 billion for the year ending 31st December 2017 while reaffirming its market leadership in Sri …
Sampath Bank reports PAT of Rs12Bn
(PRESS RELEASE) - Sampath Bank posted a Profit After Tax (PAT) of Rs 12.1 Bn for the year ended 31st December 2017, an impressive 32.7% YoY growth compared to …
Insurance Industry records 15.5-pct growth in 3Q of 2017
Feb 16, 2018 (LBO) - Sri Lanka's insurance industry was able to report a growth of 15.53 percent (3Q, 2016: 16.97 percent ) in terms of overall Gross Written …
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. buy female cialis online …
Sri Lanka’s RIL Property goes for Rs.1.6Bn Rights Issue
Feb 14, 2018 (LBO) - RIL Property Plc said they will be raising 1.6 billion rupees through one for three Rights Issues to settle part of the long-term loan …
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. …
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 …
Colombo Stock Exchange records Rs4bn in net foreign purchases last month
CSE Feature Interview: CSE records strongest ever start to a year in terms of Foreign Investment Record breaking foreign investment in the Sri Lankan stock …
Sri Lanka’s Hatton Plantations starts trading on CSE
Feb 02, 2018 (LBO) - The shares of Hatton Plantations Ltd (CODE: HPL) commenced trading on the Colombo Stock Exchange (CSE) today. The shares, which were …
Sri Lanka’s Softlogic Holdings plans Rs7bn equity sale
Jan 25, 2018 (LBO) - Softlogic Holdings PLC has come to an agreement with Samena Ceylon Holdings Ltd., a Mauritius based firm to raise 7 billion rupees from …
Jetwing Symphony opens trading at CSE today
Jan 05, 2018 (LBO) - Jetwing Symphony Ltd, will open trading at the Colombo Stock Exchange from today following its successful Initial Public Offering last …
CA Sri Lanka revises Code of Best Practice on Corporate Governance
Jan 02, 2018 (LBO) – Institute of Chartered Accountants of Sri Lanka recently launched the revised Code of Best Practice on Corporate Governance 2017 with an …
CSE CEO at the London Global Convention on Governance and Sustainability
Dec 27, 2017 (LBO) - CEO of the Colombo Stock Exchange Rajeeva Bandaranaikerecently joined leaders from the global capital market and business fraternity at …
Fitch affirms 9 Sri Lankan banks: Revises DFCC outlook to Stable
Dec 22, 2017 (LBO) - Fitch Ratings has revised the Outlook on DFCC Bank Plc (DFCC) to Stable from Negative. It has also affirmed the Long-Term Issuer Default …
Sri Lanka’s Sunshine Holdings appoints new member to Board of Directors
Dec 21, 2017 (LBO) -The Board of Directors of Sunshine Holdings PLCd appointed Sanjeev Shishoo, formerly the corporate Vice President of global healthcare …
Dialog and Richard Peiris in S&P Sri Lanka 20 index replacing Hayleys and Melstacorp
Dec 15, 2017 (LBO) - The Colombo Stock Exchange (CSE) announced the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones …
Jetwing Symphony’s IPO subscription to open Dec.14, 50.2Mn shares on offer
Dec 12, 2017 (LBO) - Sri Lanka's Jetwing Symphony's long-awaited initial public offering (IPO) of will open up for subscription on December 14. The company …