Recommends a Dividend of Rs1.00 per share Strong YTD growth in all key financial lines:– Core Revenue Rs151.3Bn, EBITDA Rs66.3Bn and NPAT Rs12.4Bn – Core Revenue Growth at +10% YTD, EBITDA Growth at +8% YTD Recommended Dividend: Rs1.00 Per Share Total Taxes Paid to GoSL Rs47.3Bn for FY 2024 which included Rs10.6Bn in Direct and…
Top executives from the Adani Group are set to reopen discussions with the Sri Lankan government next week, just days after the company announced its withdrawal from a major wind energy project in the island nation. Adani Green Energy, led by billionaire Gautam Adani, will engage in fresh negotiations to revive two 484-megawatt (MW) renewable…
Budget debate to be held for 26 days from February 18th to March 21st Second Reading Debate to be held from February 18th to 25th Committee Stage Debate from February 27th to March 21st – Third Reading Vote on March 21 at 6.00 pm. The Second Reading of the Appropriation Bill for the year 2025…
Renowned businessman Inayet Akbarally, a prominent figure in Sri Lanka’s business community, has passed away at the age of 88. Mr. Akbarally was a pivotal figure in the success of Akbar Brothers, a company he co-founded with his late brothers, Abbas and Abid Akbarally. Together, they played an instrumental role in establishing Akbar Brothers as…
OpenAi says any potential reorganization will strengthen its nonprofit Musk’s consortium says it will withdraw bid if OpenAI remains nonprofit Musk was an OpenAi co-founder who later left Reuters – OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not…
Leading blue-chip company Cargills (Ceylon) PLC reported a strong bottom-line performance for the last quarter of 2024, driven by increased volumes across its key business segments—Retail (supermarkets), Consumer Food (FMCG), and Restaurants. For the three months ending December 2024, the company achieved a 9.1% increase in sales, totalling Rs 61,865 Mn. EBITDA saw a significant…
Consolidated Revenue growth of 12% y-o-y during the 9 months Foreign exchange earnings from export-oriented sectors increase by 8% 94% y-o-y growth in Profit After Tax to Rs.13.88 bn The Hayleys Group maintained its strong growth momentum during the first nine months of the financial year ending 31st March 2025, recording a 53% y-o-y increase…
The Central Bank released its first Monetary Policy Report for 2025 in keeping with the requirements of the Central Bank of Sri Lanka Act, No. 16 of 2023. The Monetary Policy Report is published biannually, and the content of the current Report is based on information, which the Monetary Policy Board of the Central Bank…
WindForce PLC, Sri Lanka’s leading renewable energy provider, has announced a dividend of LKR 1 per share, totaling LKR 1.35 billion for the financial year 2024/25. This reaffirms the company’s commitment to delivering shareholder value, with total dividends declared since its IPO now exceeding LKR 4.4 billion. Shareholders have enjoyed a 35% total return during…
BYD opens Brazil mining subsidiary, buys rights in two plots in 2023 Plots next to Atlas Lithium project, half a day from new BYD factory Subsidiary in the research phase, with no operating revenues Brazil lithium sector draws interest from U.S. and Saudis Reuters – Chinese electric carmaker BYD acquired mineral rights for two plots of land…
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