People’s Leasing & Finance PLC (People’s Leasing) announced the successful oversubscription of Rs. 10 billion Senior, Unsecured, Listed, Redeemable, Rated, Three Year and Five Year debentures at a par value of Rs. 100/- with the receipt of applications for over Rs. 14 billion by the closure. People’s Leasing & Finance issued Rs. 4 billion Senior,…
The Chamber Academy, the knowledge arm of the Ceylon Chamber of Commerce in partnership with the Information and Communication Agency (ICTA) will be hosting a timely webinar on the Data Protection Bill. The webinar is sponsored by Hutchison Telecommunications Lanka (Pvt) Ltd and London Stock Exchange Group – Sri Lanka. The discussion will be based…
With SDB bank set to host their Secondary Public Offering (SPO) in early August, investor forums both locally and globally continue to discuss the differentiated investment potential the bank’s strategic SME growth focus carries. A cornerstone of their historic growth journey, it will afford customers, shareholders, other stakeholders and the general public a unique opportunity…
The Japanese Grant Aid for Human Resources Development Scholarship (JDS) Programme was introduced to Sri Lanka in 2010 by the Government of Japan in order to provide opportunities to the executive level public sector officials to undergo Master Degree Programmes in prominent universities in Japan. Accordingly, the First Framework (2010-2013) and the Second Framework (2014-2017)…
e-Swabhimani, the Digital Social Impact Awards, that recognises the excellence of the use of Information and Communication Technology tools and applications for social wellbeing is an initiative of the Information and Communication Technology Agency of Sri Lanka (ICTA), the apex ICT institution of the Government, which functions under the Ministry of technology . Launched in…
Also increases farmer payouts by 70% YoY Pelwatte Dairy, one of the leading dairy brands in Sri Lanka that locally produces a range of dairy products and saves foreign exchange for the country, has made a significant financial turnaround in 2020/’21 recording a huge Profits Before Tax (PBT) that YoY surged by 148%. In 2020/’21…
Corporate sentiment remains frozen as the nation grapples with economic challenges Sri Lanka’s manufacturing Purchasing Managers’ Index (PMI) increased by 8.3 index points to 50.4 in June, indicating a slight recovery from the adverse impacts of the third wave of the pandemic. The Central Bank of Sri Lanka notes that this was largely driven by…
Summarised below are the key operational and financial highlights of John Keells Group performance during the quarter under review: Group EBITDA recorded a significant improvement to 4.76 billion during the quarter under review, which is a 494 per cent increase against the comparative period [2020/21 Q1: Rs.802 million]. The comparative performance with the first quarter…
Pre-tax profits crosses LKR 6 Bn (up by 21%), Post-tax profits of LKR 9 Bn (up by 32%) Robust growth in fund and fee income bases Cost to income ratio of 33%, continually in the low 30% range Balance Sheet growth – Total assets of LKR 664 Bn up by 6% YTD, 18% YoY Broad-based…
Piramal Glass Ceylon PLC (the “Company”) reported its results for the Quarter ended 30th June 21, with a turnover of Rs. 1876 Mn as against Rs. 1,330 Mn during the similar period previous year, reflecting a growth of 41% . The domestic sales during the Quarter grew by 36% from Rs. 937Mn to Rs. 1,275Mn….
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