Hayleys crosses Rs 100 billion turnover in 2016/17
Leading Sri Lankan conglomerate Hayleys PLC concluded the 2016/17 financial year with its strongest performance to-date, setting a new benchmark for the …
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CCS to invest Rs6.3bn in new ice cream factory, bottling facility
May 19, 2017 (LBO) – Ceylon Cold Stores said it is enhancing capacity with investments of 3. buy flagyl online mexicanpharmacyonlinerx.net/dir/flagyl.html no …
Ceylon Cold Stores March quarter net down 15-pct
May 17, 2017 (LBO) – Profits at Sri Lanka’s Ceylon Cold Stores group, which has interests in consumer goods and retailing, fell 15 percent to 824 million …
LBR LBO Brand Summit 2017: Building Breakthrough Brands in the Post-Marketing Age
Apr 26, 2017 (LBO) - Senior thought leaders from Sri Lanka and abroad will speak on “Marketing is Dead, Now What? – Building Breakthrough Brands in …
Fairway Waste Management says processing facility on schedule
Apr 24, 2017 (LBO) - Fairway Waste Management said its solid waste processing facility, being built in Colombo, was an important step taken recently to tackle …
Agalawatte Plantations to take legal action against previous management
Apr 04, 2017 (LBO) – Sri Lanka’s Agalawatte Plantations has resolved to take legal actions against the previous management shortly to recover the funds …
Sri Lanka’s RIL Property Rs960mn IPO oversubscribed
Apr 04, 2017 (LBO) – An initial public offering of 120 million ordinary shares by RIL Property Limited to raise 960 million rupees was oversubscribed within …
LOLC acquires majority stake in Cambodian microfinance firm
Mar 17, 2017 (LBO) – LOLC Group has acquired 48 percent stake in a micro finance company in Cambodia for 186 million US dollars through LOLC International …
Commercial Bank postpones approval for rights issue
Mar 15, 2017 (LBO) – Sri Lanka’s Commercial Bank has postponed the date fixed for holding an Extraordinary General Meeting for the purpose of obtaining …
No proposal yet for new Coca-Cola plant in Sri Lanka: Minister Malik
Mar 07, 2017 (LBO) – Sri Lanka’s International Trade Ministry has not yet received a request for setting up a new Coca-Cola plant in the island, …
Sri Lanka Telecom December quarter loss turns to profit
Mar 02, 2017 (LBO) – Sri Lanka Telecom group, the island's largest fixed line operator, said profits rose to 124 million rupees in the December quarter from …
Ceylon Tobacco unit profits up 8-pct in Dec despite volume drop
Feb 28, 2017 (LBO) – Profit after tax at Ceylon Tobacco, a unit of British American Tobacco, rose 8 percent to 2.0 billion rupees in the December quarter, …
Lee Hedges to withdraw Rs2.8bn project amid shareholder concerns
Feb 27, 2017 (LBO) – Sri Lanka’s Lee Hedges is to reverse a resolution for a proposed multi-storied apartment after several shareholders requested that the …
C W Mackie expands ’Sunquick’ brand with Danish joint venture
Feb 27, 2017 (LBO) – Sri Lanka’s CW Mackie has entered into a joint venture agreement with their Danish counterpart to expand the ’Sunquick' brand, the …
Singer Sri Lanka to subdivide ordinary shares by April
Feb 24, 2017 (LBO) – Singer Sri Lanka has decided to subdivide its ordinary shares in the proportion of three shares for every one existing share held as at …
Commercial Bank becomes 1st private bank to cross Rs.1Tr in assets
(PRESS RELEASE) • Loan book and Deposits both grow by more than Rs 100 billion in 12 months • Bank pays Rs.9.385 billion by way of direct taxes The …
Overvaluation of state land keeps out foreign investors: Minister
Feb 22, 2017 (LBO) – Sri Lanka Lands Minister John Amarathunga says investors are reluctant to invest in state lands due to their overvaluation by government …
Sri Lanka’s Nestlé unit net up 34-pct in December quarter
Feb 22, 2017 (LBO) – Profits at Nestlé Lanka, a unit of a Swiss-based food group, rose 34 percent to 860 million rupees in the December 2016 quarter from a …
J L Morisons to build USD13.5mn drug manufacturing plant
Feb 17, 2017 (LBO) – Sri Lanka’s J L Morison Son and Jones (Ceylon) has resolved to make an investment of 13. online pharmacy …
Fitch revises Sri Lanka Insurance & SLT outlook to stable from negative
Feb 14, 2017 (LBO) – Sri Lanka’s Fitch Ratings has revised the outlook on Sri Lanka Insurance Corporation's insurer financial strength rating to stable …