Bank Trend
Feb 28, 2012 (LBO) - Sri Lanka's Commercial Bank said December 2011 quarter net profit rose 12 percent to almost two billion rupees from a year ago with sharp …
Industry
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Sri Lanka state airline losses financed by petroleum retailer: report
Feb 27, 2012 (LBO) - Sri Lanka's loss making state-run airlines have been mainly financed by Ceylon Petroleum Corporation, to which they owe 18 billion rupees …
Credit Trends
Feb 27, 2012 (LBO) - Loans to business from Sri Lanka's commercial banks rose 34.5 percent to 2,005.9 billion rupees in the year to December 2011, with credit …
Income Gains
Feb 27, 2012 (LBO) - Sri Lanka's National Development Bank (NDB) said December 2011 quarter net profit shot up 69 percent to almost a billion rupees with a …
Sri Lanka’s Ceylinco Insurance Dec net up 27-pct
Feb 26, 2012 (LBO) - Sri Lanka's listed Ceylinco Insurance said it had earned profits of 929 million rupees in the December 2011 quarter up 27 percent from a …
Tighter Margins
Feb 25, 2012 (LBO) - Profits of Sri Lanka's Nations Trust Bank rose 54 percent in the December 2011 quarter to 363 million rupees from a year earlier, helped …
Sri Lanka Shangri-La investment a message for investors: economic minister
Feb 25, 2012 (LBO) - Starting construction of a 550 million dollar hotel investment by Shangri-La, a Hong Kong based leisure group in Sri Lanka is a signal for …
Sri Lanka Singapore hotel investments under Thai brand
Feb 24, 2012 (LBO) - A joint venture between Singaporean and Sri Lankan investors has begun work on a hotel in the island's capital Colombo with plans for up …
Sri Lanka Shangri La hotel construction starts
Feb 24, 2012 (LBO) - Hong Kong-based leisure group Shangri-La has begun construction work on its first hotel in Sri Lanka which is experiencing a boom in …
Sri Lanka December 2011 exports up 24-pct
Feb 24, 2012 (LBO) - Sri Lanka's exports in December 2011 went up 24 percent to 906 million US dollars from year ago with sharp gains in textiles and rubber …
Tele Trend
Feb 22, 2012 (LBO) - Sri Lanka Telecom Plc group said net profit for the December 2011 quarter fell 17 percent to 1.26 billion rupees from a year earlier, with …
Fast Way
Feb 23, 2012 (LBO) - Dialog Axiata has provided an on-line system for Sri Lanka’s first expressway enabling real time ticket transactions at all entry …
Capital Cushion
Feb 20, 2012 (LBO) - RAM Ratings Lanka has assigned long- and short-term financial institution ratings of BBB and P2 to Sri Lanka Savings Bank with the …
Private Equity
Feb 20, 2012 (LBO) - Dubai based Abraaj Capital, said it has bought Aureos Capital, a private equity firm that has invested over 1.3 billion dollars in small …
Shipping Woes
Feb 20, 2012 (LBO) - Sri Lanka's Mercantile Shipping Company said it made a net loss of 12 million rupees in the December 2011 quarter compared with a profit …
Sri Lanka’s Kuruwita Textile Mills back in profit
Feb 20, 2012 (LBO) - Sri Lanka's Kuruwita Textile Mills returned to profit in the December 2011 quarter helped by lower cotton prices and lower costs from a …
Chat Margins
Feb 18, 2012 (LBO) - Sri Lanka's Dialog Axiata, a unit of Malaysia's Axiata and the islands largest mobile firm said group profits for the December 2011 …
Red Ink
Feb 17, 2012 (LBO) - Sri Lanka's The Finance Company slipped back into the red in the December quarter having broken even the previous quarter although losses …
Taking Logistics
Feb 17, 2012 (LBO) - Sri Lanka's plans to become a logistics hub stand to gain from the shift in Asian manufacturing from China to countries like Vietnam that …
Retail Parley
Feb 17, 2012 (LBO) - Retail professionals from some of the world™s top department stores are due in Sri Lanka this month for a three-day conference that is …