Singer (Sri Lanka) PLC Group’s second quarter financial results continued to display excellent growth fuelled by an increase in Revenue and Net Income. In the 2nd Quarter of 2016, the Group’s revenue increased 23% to Rs. 11.6 Billion, while net profit improved 60% to Rs 613.4 Million, when compared with the previous year. This included…
Reuters – Sri Lankan shares rose 1.7 percent to a one-and-a-half-month high on Tuesday (02), led by sharp gains in Distilleries Company of Sri Lanka PLC after the company announced reorganisation of shares and stated capital. Shares of Distilleries Company rose as much as 18.7 percent to their highest since Nov. 6, 2015, after the…
Sri Lanka Plast 2016, the main exhibition with focus on Plastics processing and RUBEXPO focused on manufacturing of rubber related products and services is scheduled to take place from August 05 to 07, 2016 at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo. This would be the third edition of the event taking place…
Sri Lanka’s economy was thoroughly evaluated at the Sri Lanka Economic Summit which commenced today (August 02, 2016). Prof. Razeen Sally, who is Chairman at the Institute of Policy Studies and a panelist at the event, expressed his thoughts on the country’s monetary and fiscal economic policies and said that as per his assessment, the…
Distilleries Company of Sri Lanka PLC (DCSL) announced a reorganization of the Shares and Stated Capital of DCSL and its fully owned subsidiary Melstacorp Limited (Melstacorp) in a Colombo Stock Exchange announcement. According to the announcement Melstacorp limited which will become the parent company of DCSL PLC and other subsidiaries of the current DCSL Group….
Tourist arrivals into Sri Lanka during May 2016 has increased to 125,044 which is a growth of 10.1 per cent as against May 2015, indicate the latest data released by the Economic Research Department of the Central Bank of Sri Lanka. Tourist arrivals during the first five months of 2016 were 846,229 which is a…
Fitch Ratings has affirmed the ratings of People’s Leasing & Finance PLC (PLC), Central Finance Company PLC (CF), Melsta Regal Finance Ltd (MRF), HNB Grameen Finance Limited (HGL), LB Finance PLC (LB), Siyapatha Finance PLC (Siyapatha), Senkadagala Finance PLC (Senka), AMW Capital Leasing And Finance PLC (AMCL), Singer Finance PLC (SFL), and Mercantile Investment &…
State monetary policies and fiscal discipline should be active without being a burden on the public and should also avoid heaping economic burdens on them, said President Maithripala Sirisena while addressing the inaugural session of the Sri Lanka Economic Forum 2016 today (02 August), organized by the Ceylon Chambers of Commerce. The President further added,…
Aitken Spence PLC rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) Monday (01) and pledged to play its part in furthering the nation’s economic vision and growth. The market opening ceremony was organized to mark the first trading day for the month of August. Making remarks on behalf of Aitken…
Reuters – Aug 1 Sri Lankan shares ended higher on Monday driven by foreign buying in Commercial Bank of Ceylon on hopes of higher profits after the recent policy rate hike announcement by the central bank. Last week, the central bank raised its key interest rates by 50 basis points to more than two-year high…
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