Chief Executive Officer’s Review – Hemas Holdings PLC Financial Year 2020/21 – First Nine Months Performance Hemas Holdings PLC (HHL) delivered another strong quarter of results driven by its commitment to serve its customers in the core segments, Home and Personal Care (HPC) and Healthcare amidst the outbreak of the second wave of COVID-19…
A new and integral step-by-step procedures functionality developed by the Department of Commerce (DoC) of Sri Lanka was launched as an enhanced feature of the Sri Lanka Trade Information Portal (SLTIP) in Colombo recently. The new ‘one-stop-shop’ feature developed within the framework of the EU-Sri Lanka Trade Related Assistance project, funded by the European Union…
Top textile manufacturer Teejay Lanka PLC has reported profit before tax of Rs 951.8 million and net profit of Rs 778.4 million for the third quarter of 2020-21, achieving growth of 12% and 8% respectively over the corresponding three months of the previous year. The quarter’s performance also reflects the continuing trajectory of improvement since…
Merchandise exports recovered in December 2020 from the impact of the second wave of the COVID-19 pandemic in the country, while merchandise imports continued to decline on a year-on-year basis supported by the continuation of restrictions on non-essential imports and comparatively low global oil prices. Overall, the trade deficit contracted significantly by US dollars 2.0…
The All Share Price Index (ASPI) and the S&P SL20 index marked a recovery despite a brief decline during trading today (11) to close trading on an upward trajectory. The reversal in the declining trend recorded during the end of trading today ensured that the ASPI continues to maintain double-digit growth so far in 2021…
The Securities and Exchange Commission of Sri Lanka (SEC) together with the Colombo Stock Exchange (CSE) met the CEO’s of the stockbroker firms for a discussion on the current status of the stock market this afternoon (11.02.2021). Candid views were expressed between the parties and the stockbrokers expressed their views with regard to the information…
All three passenger airlines within the SIA Group – Singapore Airlines (SIA), SilkAir and Scoot – will today be among the first carriers in the world to operate flights with a full complement of vaccinated pilots and cabin crew. The first services with a full set of vaccinated crew are SIA flight SQ956, which departed…
Regular trading at the Colombo Stock Exchange (CSE) has been halted again for the second time as the S&P SL 20 Index of liquid stocks plunged over 7.5%, triggering the second circuit breaker threshold. The Trade halt will be lifted at 12.48 p.m today (11). This is the second time within the day that regular trading at…
Regular trading at the Colombo Stock Exchange (CSE) was temporarily halted for 30 minutes from 11.45 a.m to 12.15 p.m today (11) as S&P SL20 index dropped by 5% during the trading session. S&P SL20 index fell by 162.06 points to 2,925.64 and the All Share Price Index (ASPI) also fell by 337.00 points to 7,395.43. This is a decline of 4.36% and 5.25%, respectively, in…
Delivering an outstanding performance, the Singer Group announced a post-tax-profit of Rs. 869.38 million for the third quarter (Q3) for FY20. On a cumulative basis, Singer reported a substantial increase in consolidated profit-after-tax for the nine-month period ending December 2020 at Rs. 1.76 billion compared to Rs. 366.43 million in FY 2019. At Company level,…
Video Story
