Sustaining its unblemished track record, LOLC Group concluded an excellent year sealed by its strongest financial performance to date. For the year ended 31st March 2017, the Group recorded PBT of 24.4Bn and PAT of Rs. 20.9Bn, an increase of 106% and 124% respectively, compared to the previous year. The consolidated gross income grew by…
MTI Consulting, the internationally accomplished boutique strategy consultancy, has announced its acquisition of a strategic equity stake in The Carbon Consulting Company – Sri Lanka’s pioneering provider of integrated sustainability solutions. (www.carbonconsultingcompany.com/) Founded by Eswaran Brothers, The Rainco Group and The Munasinghe Institute of Development ( MIND ), Carbon Consulting has rapidly gained a…
Sunshine Holdings PLC posted consolidated revenues of Rs. 19.2 billion for the 2016/17 financial year (FY16/17), up 10.3% Year-on-Year (YoY) leading to an improved Profit After Tax (PAT) of Rs. 1.6 billion, reflecting a 33.1% YoY improvement over the previous financial year. Profitability was bolstered by drastic improvements in the Group’s Agri-business which recorded a…
Reuters – Sri Lankan shares rose on Wednesday, recovering from a more than three-week closing low hit in the previous session and snapping three straight sessions of falls, though floods and landslides that killed over 200 people weighed on sentiment. The extent of the damage is yet to be assessed, with the country’s main agricultural…
The world’s No 1 Guru in Service, the frontrunner in marketing and spearhead of pioneering thought cultures that have transformed and revolutionized an element of marketing, Ron Kauffman, will be in Sri Lanka on the 18th and 19th of July at the invitation of the Sri Lanka Institute of Marketing (SLIM). To impart his knowledge…
IFC, a member of the World Bank Group, signed a Memorandum of Understanding (MoU) with the Central Bank of Sri Lanka (CBSL) to enhance and develop environmental and social risk management and sustainable financing practices for Sri Lanka’s financial sector, an important step in IFC’s global efforts to promote sustainable finance. As a new member of…
Mr. Sanjay Wijemanne, the former Head of Retail Banking at Standard Chartered Bank Sri Lanka, will join Fairway Holdings’ as Group Director of Sales and Marketing. With his appointment, Fairway Holdings will strengthen its core management team as well as take the Group’s Sales and Marketing functions to a new dimension. Mr. Wijemanne, a…
Turning a new page in Sri Lanka’s business history, the entire company registration process is to be fully automated thereby slashing the waiting period for the birth of a new Company. “The groundwork has been going on for this e-Registration of Companies Project (eROC) for some time and today I am pleased that we are…
Reuters – Sri Lankan shares fell for a third straight session on Tuesday, posting their lowest close in more than three weeks, as floods and landslides that killed over 190 people weighed on sentiment. The extent of the damage due to the floods is yet to be assessed, with the country’s main agricultural exports –…
International community is continuously extending assistance following the inclement weather that wreaked havoc in the country, says Minister of Foreign Affairs Ravi Karunanayake. The minister says 18 major countries have already taken steps to provide assistance. Meanwhile, the government of Israel has also handed over a stock of relief goods to the government….
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