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CFA Sri Lanka Capital Market Awards recognize the best in the investment profession

The fifth annual CFA Sri Lanka Capital Market Awards 2017 was held at the Hilton Colombo recently, under the theme “Sharpen Your Investment Edge”; with the objective of encouraging those in the investment profession locally to uphold standards of best practice, excellence, and financial market integrity. The speakers of the evening focused on consumerism and macroeconomic the…

(0)Comments | August 7, 2017 12:44 am

DFCC Bank recognised at Germany’s Karlsruhe Sustainable Finance Awards For 5th Consecutive Year

DFCC Bank was awarded a Certificate of Merit for “Outstanding Business Sustainability Achievement” at the Karlsruhe Sustainable Finance Awards organised by the Global Sustainable Finance Network which was recently held at the Karlsruhe City Hall, Germany. The Karlsruhe Sustainable Finance Award honours financial institutions and organisations that have made significant contributions to the field of…

(0)Comments | August 7, 2017 12:03 am

Sunshine group profits rise by 32.5% YoY to Rs. 540 million in 1Q18

Fuelled by impressive growth in its consumer and agri-business sectors, diversified Sri Lankan conglomerate Sunshine Holdings reported impressive growth in top and bottom line performances during the first quarter of the current financial year (1QFY18). Consolidated group revenue during the quarter increased by 12.5% Year-on-Year (YoY) to Rs. 5.2 billion, bolstered by strong performances in…

(0)Comments | August 7, 2017 12:01 am

Sri Lankan shares end lower; post 3rd straight weekly fall

Reuters – Sri Lankan shares fell for a seventh straight session on Friday to their lowest closing level in more than 13 weeks, led by manufacturing and telecommunication stocks. The Colombo stock index edged down 0.06 percent to 6,567.43, its lowest close since May 3. The bourse fell 1.48 percent for the week, its third…

(0)Comments | August 5, 2017 9:40 am

Growing with potential and prospect for sustainability: Sampath Bank surpassed Rs 5 Bn mark in post-tax profit

Sampath Bank further extended its growth momentum in the 2nd quarter of the year and recorded a post-tax profit of Rs 5.7 Bn for the six months ended 30th June 2017. This registered an impressive 35.1% YoY growth in comparison to the Profit After Tax (PAT) of Rs 4.2 Bn recorded for the six months…

(0)Comments | August 4, 2017 7:11 pm

Seylan Group shows strong 1H performance with 32% growth

~ Bank maintains moderate growth of PAT despite prudential impairment provision for legacy NPAs Seylan Bank and its Group reported a strong growth momentum with its performance for the six months ended 30 June 2017. Seylan group recorded a net profit after tax of Rs. 2,310 Million for the period which is an increase of…

(0)Comments | August 2, 2017 11:53 am

Adverse weather affects Hayleys Fabric Q1 performance

A pioneer in the knitted fabric industry saw its performance taking an unexpected turn due to the recent floods that occurred in the month of May. The Hayleys Fabric production facility was forced to shut down in the last week of May due to the flooding of Kalu Ganga.The impact of floods rolled over to…

(0)Comments | August 2, 2017 11:46 am

Dipped Products posts Rs.7.5 billion turnover

Dipped Products Group posted Rs. 7.5 billion turnover during the quarter ended 30th June 2017, 37 percent increase from a year ago. Group Profit before Tax (PBT) for quarter improved to Rs. 93 million. The Hand Protection segment contributed Rs. 4 billion to the revenue, 23 percent higher than the previous year. The sector was…

(0)Comments | August 2, 2017 11:41 am

Amana Bank almost triples 1H Profits. Q2 profits soar by 376%

Amãna Bank ended an exceptional first half as the Bank’s Profit After Tax for the period almost tripled to Rs 151.7 million from Rs 56.1 million achieved in the corresponding period of 2016. Profit Before Tax also reflected a similar YoY growth of 170% to reach Rs 210.8 million. Profit After Tax for the second…

(0)Comments | August 2, 2017 11:33 am

Australian purchases in the stock market hits an all-time high

Foreign inflows to the stock market originating from Australia indicate a figure of Rs. 626.4 million year-to-date, which is an all-time record for foreign purchases from Australia in a calendar year. The Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka (SEC) hosted a series of Invest Sri Lanka…

(0)Comments | August 1, 2017 4:48 pm