Financial Performance Sampath Bank recorded a Profit Before Tax (PBT) of Rs 24.4 Bn and a Profit After Tax (PAT) of Rs 14.7 Bn for the first half of 2025, marking a robust year-on-year growth of 32% across both metrics compared to the same period in 2024. The Sampath Group reported a PBT of Rs…
Janashakthi Life has once again proven its mettle, delivering a stellar performance in Q2 2025 and solidifying its position as one of Sri Lanka’s fastest-growing life insurers. Building on the strong momentum established in the first quarter as the fastest growing insurance company, the company continues its upward trajectory with exceptional gains in profitability and…
The Ceylon Chamber of Commerce was honoured to welcome the Ambassador of the United States to Sri Lanka, Julie Chung, for a courtesy visit with the Ceylon Chamber’s leadership. Ambassador Chung met with Chairman Krishan Balendra, Vice Chairman Bingumal Thewarathanthri, Deputy Vice Chairman Vinod Hirdaramani, Secretary General and CEO Buwanekabahu Perera and other representatives of…
YTD PAT increase by 20% with 1% margin increase YTD local revenue increase by 13% Overall YoY GP margin increase by 7% Efficiencies through backward vertical integration initiatives reflected through performance EV charging manufacturing venture COLOMBO, Sri Lanka – 14th August 2025 – JAT Holdings PLC, a leading Sri Lankan conglomerate in the manufacturing and…
Group deposits surpass Rs. 2.5 Tn. mark Loan book grows by Rs. 206 Bn. in 6 months to Rs. 1.73 Tn., disbursements average Rs. 34.33 Bn. per month Group net interest income up 17.39% to Rs. 68.81 Bn. Improves NIM and CASA Total taxes increase by over 60% for 6 months to Rs 24.42 Bn….
Highlights Driven primarily by core banking operations, profit before all taxes and after tax grow by 32% Net loans, deposits and total assets expand by 21%, 10% and 15% respectively, with the highest-ever absolute net loans growth during a first-half period Net loans to SMEs crosses the LKR 100.0 billion-mark accounting for close to 20%…
The Bill to establish the Gambling Regulatory Authority has received the approval of the Committee on Public Finance. The Bill was approved at the meeting of the Committee on Public Finance held on 12.08.2025 under the acting chairmanship of Hon. Member of Parliament Rauf Hakeem. Due to the overseas travel of the Chairperson of the…
Sri Lanka is striving to achieve 4–5% GDP growth in the medium to long-term in comparison to the baseline requirement of 3% set by the International Monetary Board (IMF) to achieve debt sustainability, Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe has stated. The Central Bank Governor noted that Sri Lanka…
Hindustan Times – Indian-origin CEO Aravind Srinivas’ Perplexity AI offers $34.5 billion to buy Google Chrome, eyeing 3 billion users as AI race with OpenAI and others heats up. Perplexity AI, led by Indian-origin CEO Aravind Srinivas, has made an unsolicited $34.5 billion (over ₹3,02,152 crore) all-cash bid to acquire Google Chrome, according to a Reuters…
Diversified portfolio and strategic agility propel Q1 2025/26 results Ambeon Capital PLC, the investment holding company of the Ambeon Group reported a Profit After Tax (PAT) of LKR 731 Mn making a significant profit growth compared to the PAT of LKR 83 Mn in the same period last year. Ambeon Holdings PLC the group’s principal…
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