According to today’s (15) daily exchange rates published by the Central Bank of Sri Lanka, the US Dollar buying rate is Rs. 323.53 and the selling rate is Rs. 331.15. This is the first time the Dollar’s buying rate has exceeded the Rs. 323 mark since December 5, 2023, and the first time the selling…
Revenue: Rs 47.3Bn, up 9% YoY NPAT: Rs 9.2Bn up +>100% YoY NPAT: Rs14.9Bn up over 100% YTD Taxes Paid to GoSL: Rs 16.0Bn (Rs 5.1Bn in Direct, Rs 10.9Bn Indirect) Investment in Digital Infrastructure: Rs 5.5Bn; Operating Free Cash Flow (OFCF): Rs 14.6Bn up +8% YoY First Interim Dividend: Rs 0.70 per share; Annualized…
The International Monetary Fund (IMF) has reaffirmed that the restoration of cost recovery for energy pricing remains a critical “prior action” for the completion of Sri Lanka’s combined Fifth and Sixth Reviews under the Extended Fund Facility (EFF). During a press briefing on May 14, 2026, Director of the Communications Department at the IMF, Julie Kozack addressed…
Group revenue increased 10.6% year‑on‑year, driven by internet services Group operating profit climbed 39.1%, profit before tax climbed 55.4%, and net profit up by 53.3% SLT PLC revenue increased 10.6% to LKR 19.7 billion, with operating profit up 36%, and net profit up by 53.3% Mobitel revenue grew 9.9%, operating profit up by 54.7% and…
DIMO Energy, the power and energy-related solutions cluster of DIMO has expanded its Solar Solutions portfolio beyond industrial and commercial applications to include residential offerings, while also entering Sri Lanka’s growing Battery Energy Storage Systems (BESS) market under its rebranded and now dedicated DIMO Solar brand, which brings together integrated Solar + BESS solutions. This…
CASA ratio improves to industry-best 40.18% Loan book grows by Rs. 71.6 Bn. in 3 months to Rs. 2.16 Tn. Deposits increase by Rs. 171.1 Bn. in Q1 to reach Rs. 2.87 Tn. Pays Rs. 14.9 Bn. in taxes Impairment charges drop 55.5%; Provision cover tops 75% The Commercial Bank of Ceylon PLC and its…
LKR 41.3Bn Loan Growth, up 10% YoY Profit After Tax of LKR 4.6Bn, up 12% YoY Net Stage 3 Ratio of 1.10% Tier I Capital Ratio at 17.31% Total Capital Adequacy Ratio of 18.41% Return on Equity 18.98% Nations Trust Bank PLC (NTB) commenced the financial year on a positive note, delivering a strong performance…
In a bid to expand Sri Lanka’s economic ties with the leading stakeholders in Türkiye, Ambassador of Sri Lanka to Türkiye, Niluka Kadurugamuwa, with his official delegation met with the President of the Istanbul Chamber of Commerce Mr. Şekib Avdagiç recently at the Chamber’s headquarters in Istanbul. The meeting focused on exploring new avenues for bilateral trade and investment…
The US Dollar continued its strong upward movement, exerting further pressure on the Sri Lankan Rupee. On May 14, the dollar reached Rs. 323.95, up from Rs. 322.27 recorded the previous day. This is the highest level the dollar has recorded against the rupee since the beginning of 2024. The buying and selling rates also…
A press conference was held to outline the strategic national direction and vision for the 44th National IT Conference (NITC), positioning Sri Lanka’s digital transformation journey around a people-first and innovation-driven framework. The briefing brought together leaders from industry, government, academia and the wider ICT ecosystem, reinforcing a collective commitment toward building a Human Centric…
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