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Consumer goods & agri sectors boost Sunshine group profits by 23-pct

9MFY18 Highlights • Consolidated revenue of Rs.15.6 billion, an increase of 12.4% YoY • PAT amounted to Rs. 1.6 billion, up 23.0% YoY, due to strong Agri …

Sunshine Holdings invests Rs9mn to partner with investment firm

Jan 25, 2018 (LBO) – Sunshine Holdings has invested 9 million rupees to partner with Strategic Business Innovator (Pvt) Ltd, an investment firm to be set up …

Atlas acquisition to boost Hemas’ defensive cash flows: Fitch

Jan 23, 2018 (LBO) – Hemas Holdings acquisition of a controlling stake in Sri Lanka's leading school and office stationery manufacturer, Atlas Axillia …

Hemas Holdings to acquire stationery manufacturer Atlas

Jan 19, 2018 (LBO) – Hemas Holdings has entered into an agreement to acquire 75. online pharmacy buy ciprodex with best prices today in the USA buy rotacaps …

CEAT Kelani to invest Rs3Bn in local tyre industry , Eyes US market

Jan 11, 2018 (LBO) - Sri Lankan tyre manufacturer, CEAT Kelani said they will invest 3 billion rupees in the local industry over next two years. Unveiling …

Fitch downgrades Sunshine Holdings to A-(lka), outlook stable

Jan 05, 2018 (LBO) – Fitch Ratings has downgraded Sri Lanka-based Sunshine Holdings PLC's National Long-Term Rating to 'A-(lka)' from 'A(lka)'. The Outlook …

Banking sector to provide 25-pct average return over 1-Year: FC Research

Jan 04, 2018 (LBO) – First Capital Research expects the banking sector to have a steady phase during 2018E-20E with stable credit growth, improving GDP …

CB restricts deposit withdrawals of ETI Finance, Swarnamahal Financial Services

Jan 02, 2018 (LBO) – Sri Lanka’s Central Bank has restricted the withdrawal of maturing deposits and renewal of such deposits of ETI Finance and …

Sri Lanka’s JKH appoints Krishan Balendra as Deputy Chairman

Jan 02, 2018 (LBO) – Sri Lanka’s diversified conglomerate John Keells Holdings has appointed Krishan Balendra as Deputy Chairman while appointing Gihan …

Telecom operators are biggest spammers in Sri Lanka: report

Dec 13, 2017 (LBO) – Caller ID and spam detection app, Truecaller recently announced some revealing stats on spam and scam calls in Sri Lanka. The recently …

CSE approves Sampath Bank’s Rs6bn Basel III compliant debt issue

Dec 11, 2017 (LBO) – Colombo Stock Exchange has approved in principle an application for listing the Basel III compliant debt securities of Sampath Bank. …

LVL Energy Fund to announce Rs1.2bn IPO; largest since 2015

Dec 04, 2017 (LBO) – A leading energy company and a subsidiary of Lanka Ventures, the LVL Energy Fund is set to announce a 1.2 billion rupees initial public …

Aitken Spence bags Best Corporate Citizen Sustainability Award 2017

Nov 29, 2017 (LBO) – Aitken Spence won the coveted ‘Best Corporate Citizen Sustainability Award 2017’ an annual event organized by the Ceylon Chamber of …

Foreign investment in stock market hits an all-time high in 2017

In what continues to be a promising year for foreign investor involvement in the stock market, 2017 has recorded an all-time high in foreign purchases during a …

Sri Lanka’s Renuka Hotels commences trading at Colombo Stock Exchange

Nov 21, 2017 (LBO) – Renuka Hotels Limited commenced trading on the Colombo Stock Exchange (CSE) today and the occasion was marked through a bell ringing …

Piramal Glass Ceylon announces financial results for Q2 , F18

1st Half FY-2017-18: Piramal Glass Ceylon PLC has reported its results for the 1st Half of the year FY 2017-18 with Rs. 3,082 million of Revenue & Rs. 154 …

Sri Lanka’s Aitken Spence second quarter profits up by 15-pct

Aitken Spence PLC posted Rs. 1.12 bn as profits before tax in the three months ended 30th September, an increase of 15.4% year-on-year. Profits attributable to …

Sri Lanka’s John Keells Holdings second quarter net edge down

Nov 06, 2017 (LBO) – Profits at Sri Lanka’s diversified John Keells Holdings edged down in the September quarter amid higher sales costs and lower profits …