Bloomberg: Blackstone Group Inc. has agreed to acquire the glass unit of Indian conglomerate Piramal Enterprises Ltd. for about US$1 billion, according to people with knowledge of the matter. The transaction could be announced as soon as in the next few weeks, one of the people said, asking not to be identified as the details…
Pre-tax profitability up by 2% to LKR 7.7 Bn Post-tax profitability up by 34% to LKR 4.5 Bn Total assets growth of 13% to cross LKR 600 Bn Gross loan book expansion of 8% to LKR 443 Bn and customer deposits expansion of 15% to LKR 464 Bn CASA deposits crosses LKR 100 Bn, an…
• Bank PAT of Rs. 7.7Bn • Deposit growth of over Rs. 112Bn • Demonstrates stability and resilience with capital and liquidity well above statutory minimum levels Hatton National Bank PLC (HNB) reported Profit After Taxes (PAT) of Rs. 7.7Bn for the first nine months of 2020, while the Group recorded a PAT for Rs….
Dialog Axiata PLC (Dialog), Sri Lanka’s premier connectivity provider, on the request of the Ministry of Health, gifted a fully functional 10 bed Intensive Care Unit (ICU) to the Homagama Base Hospital. This initiative forms a part of the company’s ongoing commitment to empower the national health care efforts during the COVID-19 pandemic. In April…
– By Nayana Mawilmada, Sector Head, John Keells Properties Real estate in central Colombo has been inaccessible to a majority of Sri Lankans for quite some time. But if there was ever a window of opportunity to consider investing, now might be it. With interest rates in Sri Lanka lower than they have been…
The 2020 Appropriation Bill passed in Parliament without a vote today (12). The Appropriation Bill was taken up for debate today morning following the budget speech presented by the Hon. Prime Minister and Minister of Finance Mahinda Rajapaksa. The Second Reading of the Appropriation Bill was passed without a vote post marking the objection extended…
CEO’s Review – Hemas Holdings PLC Hemas Holdings PLC (HHL) posted a Group revenue of Rs.17.4 billion for the quarter ended 30 September 2020, an increase of 11 per cent over corresponding period last year. Group operating profit for the quarter under review at Rs.2.0 billion is a growth of 188 per cent over Rs.0.7…
Group’s Operating income up 11.84% to Rs 55.818 billion Gains from Treasury Investments, foreign exchange activities help cushion impact of COVID-19 on profits Impairment provisions up 95.83% to Rs 16.733 billion Operating cost escalation curtailed to 2.52% Gains from government securities, foreign exchange (FX) swap trading and FX trading activities have enabled the Commercial Bank…
Pawning advances given by Banks and Financial institutions increased only by Rs.27 billion to Rs.237 billon in the first nine months to September 2020, State Minister for Finance Ajith Nivard Cabraal stated in parliament today (12). “The Central Bank of Sri Lanka (CBSL) clearly stated that, by end of December 2019 Pawning loans given by…
As the world continues to focus on flattening the curve in the COVID-19 pandemic, Teejay Lanka PLC has adapted to the “new normal” to post an improved performance in the three months ending 30th September 2020. Sri Lanka’s only multinational textile producer has converted the first quarter’s net loss of Rs 31.5 million to net…
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