Being one of the largest conglomerates, operating in a multitude of mandates in Transport, Real Estate and Retail in Japan; the Odakyu Group together with its consortium partners Stacia Capital and UDS, is no stranger to grand ventures. For the first time in its illustrious 70 year history, it reaches far beyond Japan as it…
Consolidated revenue of Rs16.7 billion, up by 7.3% YoY Healthcare revenue up 12.8% YoY to Rs.6.8 billion Strong growth in Consumer Goods, revenue up 13.9% YoY to Rs.4.4 billion Agri revenue contracted by 3.5% YoY to Rs.5.2 billion PAT reduced to Rs.1.3bn, down 20.1% YoY EPS of Rs. 4.87, 31.9% higher than last year Diversified…
Reiterates that Rs. 750 daily wage final and binding for a span of 2 years Emphasizes new wage’s potential to expand earnings above Rs. 1,000 through Rs. 40 overkilo rate Calls on stakeholders to engage in dialogue on revenue share model Emphasizes that Revenue Share model has potential to deliver upto Rs. 80,000 in monthly…
A loan agreement was signed between the Government of Sri Lanka and AFD for a EUR 75 million (around Rs. 15 billion) project in Ratmalana and Moratuwa on Monday 18th February 2019. The financing agreement was signed by Secretary to the Ministry of Finance and Mass Media Dr. R. H. S. Samaratunga and AFD Country Director Martin Parent,…
Fitch Ratings has revised the National Long-Term Rating of National Savings Bank (NSB) to ‘AA+(lka)’ from ‘AAA(lka)’. The Outlook is Stable. This follows the recalibration of the Sri Lankan National Rating scale after the sovereign’s Long-Term Foreign-Currency Issuer Default Rating was downgraded to ‘B’ from ‘B+’ with a Stable Outlook on 3 December 2018 (see our…
Net Profit After Tax Rs7.5Bn Recommended Dividend: 40% of Earnings, 37 Cents per Share Direct and Indirect Contribution in Taxes, Fees and Levies to GoSL: Rs34.1Bn Investment in High Speed Broadband and Other Infrastructure: Rs30.6Bn Dialog Axiata PLC announced, its consolidated financial results for the year ended 31st December 2018. Financial results included those of…
Fitch Ratings has taken rating action on non-financial corporates following the recalibration of its Sri Lankan National Rating scale to reflect changes in the relative creditworthiness among the country’s issuers following the downgrade of the sovereign rating to ‘B’ from ‘B+’ on 3 December 2018. For details, see https://www.fitchratings.com/site/pr/10061317 Fitch Ratings: Recalibration of Sri Lanka…
Focus on education, skills, entrepreneurship, childcare and financial inclusion The World Bank Vice President for South Asia Region, Hartwig Schafer concluded his three-day visit to Sri Lanka on Friday with a commitment to work with public and private sectors to create the space for women to access work and remain at work. Evidence suggests that Sri…
A large Cargo vessel MV Beijing Bridge under its AGI Service has recently made the maiden call at the Port of Colombo’s Sri Lanka Ports Authority (SLPA) controlled Jaya Container Terminal (JCT), recent reports outlined. Accordingly in order to mark the vessel’s maiden call at the Port a plaque exchange has been held between the…
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, Lanka Electricity Company (LECO) and the Ministry of Power and Renewable Energy announced the deployment of an innovative Internet of Things (IoT) enabled smart-grid solution to introduce Prepaid Electricity Metering to Sri Lanka at the “GSMA Mobile for Development Utilities Asia Industry Forum 2019”. The event was…
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