The Dipped Products Group posted Rs.7.8 billion turnover and Rs. 221 million Profit before Tax (PBT) for the first quarter ended 30th June 2019. The Hand Protection segment posted a growth of 8% in turnover amounting to Rs. 4.4 billion and contributed Rs. 219 million to Group PBT. Revenue and profitability of ICOGUANTI S.p.A, DPL’s…
16th September 2019 – Shangri-La Colombo The Ceylon Chamber of Commerce in association with the Ministry of Development Strategies and International Trade, Ministry of Foreign Affairs, Ministry of Finance, Ministry of Industry and Commerce, Board of Investment of Sri Lanka, the Department of Commerce and the Sri Lanka Export Development Board will be organizing Sri…
The Excise Department has conducted 24,150 raids throughout the country during the first six months of this year under its program to minimize life risks through the elimination of illicit liquor. The overall raids conducted in 2018 were 49,312. The revenue of Rs.253 million as fines received from the penalty of the raids conducted by…
According to the latest LMD-Nielsen Business Confidence Index survey, 80% (compared to 53% in June) corroborates that the tax regime reemerges as the number one business concern among corporates. In related news, the treasury reported higher income tax collections for the first quarter of this year, which is attributed to a new online collection system…
This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months of the year 2019. STATUS OF JOB PROSPECTS OR BUSINESS…
Chemanex PLC has sold its stake in the insurance broking arm to Commercial Bank of Ceylon PLC. In a stock exchange filling Chemanex PLC said it has transferred 239,999 shares of Commercial Insurance Brokers Ltd to Commercial Bank of Ceylon PLC for a total price of Rs.250 million resulting in a profit of Rs.249.8 million…
(Reuters) – Sri Lankan shares fell for the fifth straight session on Monday and closed at their lowest in more than one week, as investors sold banking and telecom stocks, while the rupee ended weaker due to importer dollar demand. ** The country’s benchmark stock index ended 0.09% down at 5,889.67, its lowest close since…
Piramal Glass Ceylon PLC has announced its results for the 1st Quarter of FY 2019-20 with Rs. 1,585 million of revenue & Rs. 21 million of profit after tax. The quarter under review saw the completion of the Capacity Enhancement project, which was undertaken by the Company in F17. The company installed a new bottle production…
Although the Central Bank has reduced the rates for deposits maintained in commercial banks, the special interest rate of 15% offered by the Government for senior citizens have not been changed. There is no truth in the media reports published by different media saying that the 15% special bank interest rate which has granted by…
C M holdings said In a stock exchange filing that it has entered in to an agreement on 2 august 2019, for the sale of Rs.42 million ordinary shares of KIA motors ( Lanka ) Limited for a consideration of Rs.714 million to Mahendra Thambiah. Accordingly, Mahendra Thambiah, Managing Director of KIA motors (Lanka) Limited…
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