Over the last few weeks, it is noticed that an alarming narrative being built, which initially took life in social media but soon has found its way to mainstream media as well. A couple of social media handles began sharing their (ill-informed) concerns that the Adani Group, to which the Bangladesh government owes over $850…
Richard Pieris Group, one of Sri Lanka’s largest and most diversified conglomerates, recorded a Profit Before Tax (PBT) of Rs.3.59 billion in the first six months of the 2024/25 financial year, recording a significant profit growth of 184% over the corresponding period from the last financial year where the company recorded a PBT of Rs.1.26…
WindForce PLC, Sri Lanka’s premier renewable energy developer, delivered exceptional results for the second quarter of the 2024/25 fiscal year, driven by a strategic focus on large-scale projects. EBITDA surged by 49% to LKR 4.22 billion compared to the previous year, reflecting robust cost management and a commitment to high-impact initiatives. As part of its…
Aitken Spence PLC, a leading conglomerate with a diverse regional presence, reported an EBITDA (excluding impacts from foreign currency exchange gains and losses) of Rs. 8.9 billion for the six months ending 30th September 2024, reflecting a growth of 10.4%. EBITDA includes earnings from equity accounted investees; however, excludes interest expenses, tax, depreciation, and amortization….
In a world where travelers seek more than just a destination, creating unique and memorable experiences has become the cornerstone of the hospitality industry. Recognizing this, Fairway Colombo, a smart luxury business hotel known for its innovative spirit, is set to redefine the guest experience in Sri Lanka by introducing robot operations, becoming the first…
Financial Performance Summary Sampath Bank reported a profit before tax (PBT) of Rs 29.9 Bn and a profit after tax (PAT) of Rs 17.8 Bn for the nine months ending 30th September 2024, despite an exchange loss of Rs 3.6 Bn due to the LKR’s appreciation. This reflects a year-on-year growth of 36% in PBT…
Hambantota International Port (HIP) has completed its first commercial ship-to-ship (STS) transfer operation for liquid cargo, marking another major milestone in the port’s expanding capabilities. The operation, carried out in collaboration with Singapore-based company Shipload Maritime to facilitate Laugfs vessel ‘Gas Challenger,’ highlights HIP’s commitment to becoming a key player in liquid cargo handling within…
The Hayleys Group delivered remarkable growth and profitability during the first half of the financial year ending 31st March 2025, as it leveraged its leading market positions across diverse business verticals to deliver a Profit Before Tax of Rs.12.73 bn, an increase of 78% over the corresponding period of the previous year. Meanwhile, the Group…
The Joint Apparel Association Forum (JAAF), representing Sri Lanka’s largest export industry, extends its warm congratulations to the National People’s Power on securing a resounding majority in the General Election. As Sri Lanka begins a new chapter, JAAF reaffirms its commitment to working closely with the new leadership to drive economic growth, foster sustainable employment,…
The marine summit “Voyage Sri Lanka 2024” organized by the Sri Lanka Export Development Board will be held on 26th November 2024 at Hotel Kingsbury, Colombo. Companies and Chambers from countries such as India, France, Saudi Arabia, Cambodia and Maldives have already registered for the summit. If Sri Lankan companies in this field wish to…
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