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Dipped Products posts Rs. 553M PBT in 1H 2018/19

Strong gains from performance improvement initiatives in local operations and significant contribution from overseas marketing operations have generated noteworthy profit growth in 1H of 2018/19 for the Dipped Products Group, a global leader in hand protection.   According to figures filed with the Colombo Stock Exchange, the Hayleys Group’s globally-ranked subsidiary achieved a profit before…

(0)Comments | November 13, 2018 10:16 am

Sri Lanka rupee hits record low of 175.90 on political uncertainty – sources

Reuters – The Sri Lankan rupee fell to a record low on Monday, as political uncertainty triggered by President Maithripala Sirisena’s decision to sack parliament weighed on sentiment, in line with bonds, market sources said. The currency hit 175.90 versus the dollar, surpassing its previous all-time peak of 175.65 hit on Nov. 1. Sirisena dissolved…

(0)Comments | November 13, 2018 10:13 am

Singer First Half Revenue increases by 14% to Rs. 28.6 Billion

Singer (Sri Lanka) PLC announced today its results for the first half ended 30th September 2018.   Despite tough business conditions, the results for the six months showed a commendable revenue growth of 14% to Rs. 28.6 billion compared to the same period in the previous year. In the period under review, the Group profit before…

(0)Comments | November 12, 2018 4:27 pm

China Center for South Asian Studies and the Pathfinder Foundation Consolidate Ties

A senior academic delegation led by the Vice President of Sichuan University Prof. Yan Shijing and the Director General of the newly established China Center for South Asian Studies (CCSAS) Prof. Sun Shihai visited Pathfinder Foundation (PF), to discuss ways and means of further strengthening links between the two institutions through partnership and collaboration. CCSAS…

(0)Comments | November 12, 2018 3:29 pm

LVL Energy Fund PLC’s six-month profit exceeds profit recorded for the full previous year

LVL Energy Fund PLC with an operational footprint covering Sri Lanka, Bangladesh and Nepal, recorded a strong financial performance in the first half of the current financial year, which is reflected in the company’s provisional financial results for the 6-month period ended 30th September 2018. In a remarkable achievement, its 6-month profit of LKR 461…

(0)Comments | November 12, 2018 3:24 pm

Sri Lanka – France Business Council Welcomes New French Ambassador Eric Lavertu

The Sri Lanka – France Business Council of the Ceylon Chamber of Commerce organized an evening of cocktails and networking on November 07, 2018 to welcome the new Ambassador of France His Excellency Eric Lavertu to Sri Lanka. Ambassador Lavertu presented his credentials to the President of Sri Lanka last week.   “On behalf of…

(0)Comments | November 12, 2018 12:45 pm

JKH Announces Repurchase of Shares

John Keels Holdings PLC (JKH) in a disclosure to the Colombo Stock Exchange announces that the Board resolved to Offer to repurchase One (1) out of every Twenty (20) ordinary voting shares at a price of Rs. 160.00 per share, dates of which will be notified in due course. The offer to repurchase shares amounting…

(0)Comments | November 12, 2018 10:54 am

Strategic consolidation in FMCG sector boosts Sunshine Holdings’ EPS by 23.3% in 1HFY19

Key highlights for half year ended 30th September 2018: • Consolidate revenue of Rs. 10.9 billion, up by 5.7% YoY • Strong growth in Consumer, revenue up 15.8% YoY to Rs 2.8 billion • Healthcare revenue up 11.5% YoY to Rs. 4.4 billion • Agri revenue contracted by 7.9% YoY to Rs. 3.5 billion •…

(0)Comments | November 12, 2018 10:54 am

Expolanka continues on strong growth track with Q2 performance

A focus on its fundamental logistics business has enabled Expolanka Holdings PLC to post promising growth for the second quarter of 2018, with a Year on Year (YOY) revenue growth of 15%. This quarter saw Expolanka record an impressive 617% YoY growth in Profit After Tax as a result of expanding business and improving efficiency…

(0)Comments | November 12, 2018 10:53 am

JCT Transshipment Volumes Increase By 23.3%

The state owned Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA), witnessed the highest growth of 23.3% in transshipment container throughput for the first nine months (from January to September) in 2018 as against the corresponding period in 2017. During the first nine months of 2018, the transshipment volume handled by Jaya Container…

(0)Comments | November 12, 2018 10:25 am