Company reports Rs. 938 Mn profits in March 2019 quarter compared to a loss of Rs. 103 Mn in the same quarter of 2018 The Sri Lanka unit of the India owned and controlled Lanka Indian Oil Company (LIOC) latest results for the quarter ended from January to March 31st 2019 highlights that company’s net…
Establishes framework for LSEG and CSE to enhance domestic and international debt capital markets in Sri Lanka Follows $2.4 billion London listing of Sri Lanka’s off-shore bond London Stock Exchange Group (LSEG) announced the signing of a landmark Memorandum of Understanding (MoU) with the Colombo Stock Exchange (CSE) to facilitate further collaboration between the two…
Nedal Salem was appointed Managing Director and Chief Executive Officer (MD & CEO) of Ceylon Tobacco Company PLC (CTC) effective 15th May 2019. During his career spanning over two decades at British American Tobacco (BAT), Nedal has held various senior Management roles in nine markets across three continents. He holds a Bachelor of Arts (BA)…
Life Insurer looks to continue promising progress against plans laid in 2018 Colombo, May 15, 2019: Leading Sri Lankan Life Insurer, Janashakthi Insurance PLC delivered significant double digit growth in Gross Written Premiums (GWP) during the period under review, registering 23.8% year-on-year growth, from Rs.764.59 million in Q1 2018 to Rs.946.61 million in Q1…
Reuters – Sri Lankan shares fell for the tenth straight session on Wednesday and closed at their lowest in nearly seven years, as sectarian violence dented investor sentiment, while the rupee edged higher after four straight sessions of losses. ** Sri Lankan police arrested more than 74 people in connection with a spate of attacks…
During the 1st Quarter of 2019, the Group reported a Net Profit of Rs.2.20 bn which is the highest ever during the first quarter of any year, with a remarkable 86.8% YoY growth compared to the same quarter in 2018. The outstanding results were largely driven by healthy revenue growth coupled with cost control initiatives….
The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 20.9 billion, profit before tax of Rs. 1.35 billion and profit after tax of Rs. 1.08 billion for financial year 2018/19. The earnings per share of equity holders of the company increased to Rs. 32.16 for the year. The Chairman of Haycarb PLC and its parent company…
DFCC’s Total Assets grew by LKR 15,652 million to LKR 390,560 million DFCC recorded Tier 1 and total capital adequacy ratios of 10.34% and 15.45% respectively DFCC’s Core Business recorded a PAT increase of 9%. Profitability Core business of DFCC Bank posted a profit before tax of LKR 1,585 million and profit after…
Core Banking generates Rs 13 Bn in NII as compared with Rs 10.6 Bn last year, Effective tax rate increases to 58.6% as compared with 43.6% last year Amidst challenging market conditions, Hatton National Bank posted a profit before tax of Rs 3.3 Bn and a profit after tax of Rs 2 Bn for the…
Sampath Bank has reported a net interest income of Rs 10.2 Bn for Q1 2019 reflecting noteworthy growth of 23.2% over the figure reported in Q1 2018, a significant achievement especially given the challenging economic conditions that prevailed throughout the period. The Bank recorded Profit after tax of Rs 2.2 Bn, a negative growth…
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