John Keels Holdings PLC (JKH) in a disclosure to the Colombo Stock Exchange announces that the Board resolved to Offer to repurchase One (1) out of every Twenty (20) ordinary voting shares at a price of Rs. 160.00 per share, dates of which will be notified in due course. The offer to repurchase shares amounting…
Key highlights for half year ended 30th September 2018: • Consolidate revenue of Rs. 10.9 billion, up by 5.7% YoY • Strong growth in Consumer, revenue up 15.8% YoY to Rs 2.8 billion • Healthcare revenue up 11.5% YoY to Rs. 4.4 billion • Agri revenue contracted by 7.9% YoY to Rs. 3.5 billion •…
A focus on its fundamental logistics business has enabled Expolanka Holdings PLC to post promising growth for the second quarter of 2018, with a Year on Year (YOY) revenue growth of 15%. This quarter saw Expolanka record an impressive 617% YoY growth in Profit After Tax as a result of expanding business and improving efficiency…
The state owned Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA), witnessed the highest growth of 23.3% in transshipment container throughput for the first nine months (from January to September) in 2018 as against the corresponding period in 2017. During the first nine months of 2018, the transshipment volume handled by Jaya Container…
IFS, the global enterprise applications company, is proud to be celebrating 21 years of operations in Sri Lanka. Having initially established its presence in Sri Lanka in 1997, IFS now employs more than 1,100 employees who work from the company’s offices in Colombo and Kandy. At a media briefing held on the 9th of November…
Reuters – ** The Sri Lankan rupee fell in dull trade on Friday as outflows from government securities and stocks due to political uncertainty raised dollar demand. ** Stocks snapped four straight sessions of declines, but political uncertainty continued to weigh on investor sentiment after the parliament speaker said on Monday he would not recognise…
Dialog Axiata PLC announced its consolidated financial results for the nine months ended 30th September 2018. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”) post-consolidation with subsidiaries, Dialog Broadband Networks (Pvt) Ltd (“DBN”), Dialog Television (Pvt) Ltd (“DTV”), Digital Holdings Lanka (Pvt) Ltd (“DHL”) and…
The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 8.9 billion and profit before tax of Rs. 502 million for the six months ending 30th September 2018. The profit after tax stood at Rs. 428 million. Haycarb PLC Managing Director, Mr. Rajitha Kariyawasan said that the adjustment of sales prices due to the sharp…
Reuters – ** The Sri Lankan rupee ended weaker on Thursday as outflows from government securities and stocks due to political uncertainty raised dollar demand. ** Stocks fell for the fourth straight session, hitting its near two-week closing low and moving further away from their near two-month closing high hit last week, as the political…
The Tax Appeals Commission (TAC) which has been inactive for some time has now been revived with the reappointment of Justice Hector Yapa as Chairman and Justice Sunil Rajapakse and Mr. S. Swarnajothi Former Auditor General as members by Hon. Prime Minister Mahinda Rajapakse as the Minister of Finance and Economic Affairs. The TAC was established…
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