Cargo Boat Development Company PLC sold its share of the property at No. 29, Braybrook Street, Colombo 2 to Renuka Land (Pvt) Ltd. for a sum of Rs. 107,200,000 on 10 April 2014.
Investment in Central Finance Company PLC by the Employees’ Provident Fund (EPF) has reached 10 percent of the issued share capital of the company.
The latest version of Samsung’s flagship Galaxy smartphone series went on sale worldwide Friday, days after the electronics giant announced it was facing a second consecutive quarter of profit decline. The Galaxy S5 has a lot riding on it to steer the South Korean firm’s profit-making machine back on track as growth in smartphone sales…
Managing Director and Chief Executive Officer of Colombo Dockyard Ltd. Mangala Prema Banda Yapa has retired from his post. Onomichi Dockyard Co. Ltd of Japan which is the major shareholders of Colombo Dockyard Ltd. has appointed Ranil Wijegunawardene as the Managing Director and Chief Executive Officer.
NEW YORK — BlackBerry Ltd would consider exiting its handset business if it remains unprofitable, its chief executive officer said on Wednesday, as the technology company looks to expand its corporate reach with investments, acquisitions and partnerships. “If I cannot make money on handsets, I will not be in the handset business,” John Chen said…
Equity market ended on Thursday with negative returns as All share price index declined by 8.50 (-0.14%) points to close at 6,075.05 and S&P SL 20 index declined by marginally 0.82 points (-0.02%) to close at 3,345.14. Price depreciations in counters such as Sri Lanka telecom (closed at LKR 47.50, -0.2%), John Keells Holdings (closed…
The National Development Bank (NDB) has sold 35 percent of its shares of a Maldivian finance company for USD 1.1 million. The NDB said it had sold some 224,875 of its shares with the Maldives Finance Leasing Company. A Maldivian company, Tree Top Investment has bought these shares from NDB.
Lanka India Oil Company (LIOC) has increased its profits during the last quarter ended on 31 March 2014, said the company’s chief. While speaking to AdaderanaBiz, LIOC Managing Director Sobodh Dakwale said, “Though we have still not released our financial statement for the last quarter ending 31 March, we can confidently say that the profits…
Reports in the international media yesterday indicated that manufacturers of the popular Toyota motor vehicles was recalling 6.4 million of its vehicles world-wide due to various manufacturing defects. When AdaderanaBiz inquired from Toyota Lanka General Manager – Services, Matheesha Samaranayake whether there are any such defective vehicles among those sold in Sri Lanka as well,…
Colombo shares managed to sustain the positive momentum to close with higher returns. Benchmark All share price index advanced by 11.39 (+0.19%) points to end at 6,083.55 and S&P SL20 index advanced by 19.26 points (+0.58%) to end at 3,345.96. Price appreciation in counters such as Lion Brewery (closed at LKR 390.00, +4.8%), Ceylinco Insurance…
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