Companies

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Hayleys Group delivers improved performance in 2Q 2019/20

Nov 14, 2019 (LBO) – Sri Lanka’s diversified conglomerate, the Hayleys Group, posted improvements in turnover, operating performance and overall …

Sri Lankan banks facing pressure on credit profiles, rising NPLs: Fitch Ratings

Nov 13, 2019 (LBO) – Pressure on Sri Lankan banks' financial profiles due to challenging operating conditions became more apparent in the banks' 1H19 …

Sri Lanka nominated for destination of the year award in UK for technology: SLASSCOM

Nov 13, 2019 (LBO) - SLASSCOM announced that Sri Lanka has been nominated for this prestigious award by the Global Sourcing Association (GSA). The Delivery …

Moody’s Analytics Knowledge Services rebrands as Acuity Knowledge Partners

Nov 13, 2019 (LBO) – Moody’s Analytics Knowledge Services announced its rebrand as Acuity Knowledge Partners (“Acuity”) following the completion of its …

Sunshine Energy’s third Hydropower Plant adds 2.4MW to national grid

Nov 11, 2019 (LBO) – Sunshine Energy (Pvt) Ltd, a fully-owned subsidiary of Sri Lanka’s diversified conglomerate Sunshine Holdings, opened its third …

LSE announced the launch of Millennium platform for AAX crypto-currency trading

AAX launches as the first digital asset exchange using Millennium ExchangeTM matching engine technology Marks the first deployment of Millennium ExchangeTM in …

Expolanka reports revenue of Rs 28.7Bn : 15-pct growth YoY

Nov 08, 2019 (LBO) - Expolanka PLC announced that it was on a sustainable growth path despite a global environment that continues to be challenging for …

Haycarb records turnover of Rs.11.3Bn: PAT of Rs. 844.9Mn for H1 2019/20

Nov 08, 2019 (LBO) - Haycarb PLC reported revenue of 11.3 billion rupees and profit before tax of 844.9 million rupees for the six months ending 30th September …

Dialog net profit declined 14-pct in Q3 2019 with non-cash translational forex losses

Nov 07, 2019 (LBO) – Profits at Sri Lanka’s Dialog Axiata group, which has interests in Mobile, Fixed Line, and Digital Pay TV, declined 14 percent to 1.5 …

Fitch rates Singer Finance (Lanka)’s senior debt ‘BBB(lka)(EXP)’

Nov 06, 2019 (LBO) - Fitch Ratings has assigned Singer Finance (Lanka) PLC's (SFL, BBB(lka)/Stable) proposed Sri Lanka rupee-denominated senior unsecured …

Sri Lanka economy to grow 3.5-pct in 2020: Central Bank

Nov 05, 2019 (LBO) - The Sri Lankan economy is projected to grow by around 3.5 percent in real terms in 2020, a new Central Bank report says. "The growth is …

Fitch affirms Melstacorp & Distilleries at ‘AAA(lka)’; outlook stable

Nov 04, 2019 (LBO) – Fitch Ratings has affirmed the National Long-Term Ratings of Sri Lanka-based conglomerate, Melstacorp, and its subsidiary, Distilleries …

Fin Min says LPG supplies on the way

Nov 04, 2019 (LBO) - Sri Lanka’s Finance Ministry says an emergency purchase of 12,000 metric tonnes of liquefied petroleum gas is on its way following …

JKH Sept quarter net profit down 55-pct amid Easter Sunday impacts

Nov 01, 2019 (LBO) – Sri Lanka’s diversified John Keells Holdings said its profits for the second quarter were mainly impacted by the Easter Sunday impacts …

Moody’s affirms 3 Sri Lankan banks’ ratings

Nov 01, 2019 (LBO) – Moody's Investors Service has affirmed the long-term/short-term local currency deposit ratings of Bank of Ceylon (BOC), Hatton National …

Seylan Bank records profit after tax of Rs. 2.6Bn in 3Q 2019

Oct 31, 2019 (LBO) – Seylan Bank closed the nine months ending 30th September 2019 with a post-tax profit of Rs. 2,554 Mn, a marginal increase of 1% over the …

ICRA Lanka reaffirms the [SL]A+ long term ratings of Access Engineering PLC

Rating action ICRA Lanka Limited, Subsidiary of ICRA Limited, Group Company of Moody’s Investors Service has reaffirmed the Issuer rating of [SL]A+ …

Teejay’s 6-month net profit up 75-pct to Rs.1.24Bn

Oct 31, 2019 (LBO) - Textile manufacturer Teejay Lanka PLC has announced top and bottom line growth in the first half of 2019-20, with investments in expansion …

Sri Lanka calls for collective action to address global challenges

Oct 28, 2019 (LBO) - Sri Lanka's Foreign Minister Tilak Marapana reaffirmed Sri Lanka's commitment to the founding principles of the Non-Aligned Movement and …

The Finance Company looking at a new investor

Oct 25, 2019 (LBO) – The Finance Company (TFC) is currently working with a company that has expressed its interest to invest at TFC as a shareholder through …