Softlogic net surges 35 pct on ICT, retailing post-ODEL acquisition
Aug 20, 2015 (LBO) - Sri Lanka's Softlogic Holdings PLC, with diversified interests, reported a 35 percent rise in net profit to 304 million rupees for the …
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Sri Lanka’s Janashakthi Insurance to raise Rs 3.3bn through rights issue
Aug 20, 2015 (LBO) – Sri Lankan insurance player Janashakthi is to raise 3. buy strattera online …
Sri Lanka stocks close higher after parliamentary polls
Aug 18, 2015 (LBO) - Sri Lankan stocks closed up 0.09 percent on Tuesday a day after parliamentary elections in the island positioned the United National Party …
Dialog and Asiri form JV for e-healthcare
Aug 15, 2015 (LBO) – Sri Lanka's Dialog Axiata PLC, which has interest in mobile, fixed telecom and pay television, said it will incorporate a joint venture …
Volkswagen assembly plant to get 8 year tax holiday for USD26.5mn investment
Aug 14, 2015 (LBO) – Sri Lanka’s Board of Investment said the Volkswagen assembly plant, which initially plans to make cars for the local market, will get …
Sri Lanka’s Nestlé unit net up 33-pct with revenue increase
Aug 12, 2015 (LBO) – Nestlé Lanka, a unit of a Swiss-based food group said profits rose 33 percent to 1. buy renova online …
Sri Lanka’s Fitch affirms ratings of seven Finance Companies
Aug 11, 2015 (LBO) – Sri Lanka’s Fitch Ratings has affirmed the ratings of People's Leasing and Finance, Central Finance Company, Melsta Regal Finance, …
Sri Lanka’s Hayleys Q1 profits up 42 pct to Rs522mn
Aug 11, 2015 (LBO) – Profits at Sri Lanka’s diversified Hayleys group rose 42. buy synthroid online …
Aitken Spence net down 44-pct amid energy sector losses and downturn in Maldives
Aug 10, 2015 (LBO) – Sri Lanka’s Aitken Spence group, which has interests in tourism, logistics and power generation, said profits in the June 2015 quarter …
Sri Lanka’s Balangdoa Plantations reports Rs75mn loss
Aug 10, 2015 (LBO) – Sri Lanka’s Balangoda Plantations, a unit of listed Distilleries Corporation, made a loss of 75 million rupees in the quarter to June, …
Sri Lanka’s Dialog Axiata net up 15–pct in June quarter
Aug 07, 2015 (LBO) – Sri Lanka's Dialog Axiata, which has interest in mobile, fixed telecom and pay television said group profits rose 15 percent to 1.90 …
Sri Lanka Watawala Plantation profits drop; palm oil supports bottomline
Aug 07,2015 (LBO) – Sri Lanka’s Watawala Plantations said it made a profit of 131 million rupees in the June 2015 quarter, down 43 percent, compared with …
Sri Lanka’s Textured Jersey Lanka profits up 26-pct
Aug 07, 2015 (LBO) - Textured Jersey Lanka, a Hong Kong-Sri Lanka joint venture textile firm said group profits rose 26 percent to 206 million rupees in the …
Sri Lankan businesses should use digital space more, online payment gateways are to come: ICTA Chief
Aug 07, 2015 (LBO) – Sri Lankan businesses need to use digital space more as internet-powered shopping across national borders has created “modern spice …
Sri Lanka’s Expolanka net up 28-pct in June quarter
Aug 06, 2015 (LBO) – Group profits at Expolanka Holdings with interest in logistics rose 28 percent to 222 million rupees in the June quarter from a year ago …
Sri Lanka’s Haycarb profit margins pressed by downturn in gold mining industry
Aug 04, 2015 (LBO) – Sri Lankan coconut shell-based activated carbon manufacture Haycarb’s June 2015 quarter profits rose 4 percent to 135 million rupees …
Sri Lanka’s Bansei Royal Resort to build a food village in Hikkaduwa to boost revenue
Aug 03, 2015 (LBO) – Sri Lanka’s Bansei Royal Resort, managed by resort chain Jetwing leisure group is planning to build a ‘food village’ in Hikkaduwa, …
Sri Lanka’s Fitch affirms Lion Brewery at ‘AA-(lka)’ with stable outlook
July 31, 2015 (LBO) – Sri Lanka’s Fitch Ratings has affirmed Lion Brewery (Ceylon) national long-term rating at 'AA-(lka)' with a stable outlook. The …
Fitch affirms Continental Insurance Lanka at ‘A-(lka)’ with stable outlook
July 30, 2015 (LBO) – Sri Lanka's Fitch Ratings has affirmed Continental Insurance Lanka's national insurer financial strength rating and national long-term …
Sri Lanka’s Dankotuwa Porcelain to raise Rs722mn through rights issue
July 30, 2015 (LBO) – Sri Lanka’s tableware exporter Dankotuwa Porcelain is to raise 722 million rupees by way of a rights issue, the company said in a …