Consolidated revenue of Rs.28.2 billion, up13% PAT increased by 15.4% to Rs. 3.6 billion Healthcare revenue up 19.2% YoY to Rs.13.8 billion Consumer revenue up 13.2% YoY to Rs.9.7 billion Agribusiness revenue increased to Rs.4.6 billion Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) continued to demonstrate resilience amidst prevailing macro-economic conditions, reporting solid…
Group Revenue remained resilient recording a growth of 14% YTD albeit muted in Q3 2023 Group Net Profit After Tax reached Rs14.9Bn YTD 2023 to record a growth of 159% YTD Total Taxes Paid to GoSL 9Bn for nine months ending 30th September 2023 which included Rs6.4Bn in Direct and Rs15.5Bn in Indirect Taxes Capex…
Bank PAT of Rs 16.6 Bn Deposits cross Rs 1.5 Trillion Loans grow by Rs 34Bn in Q3 2023 to cross Rs 1 Trillion Provides over Rs 32 Bn for Impairment Maintains sound capital and liquidity levels Hatton National Bank PLC posted a profit before tax of Rs 26.3 Bn and a profit after tax…
Operating Income of LKR 34.2Bn up 24% YoY Profit Before Tax at LKR 19.4Bn, up 108% Profit After Taxes at LKR 9.4Bn, up 78% Return on Equity increased to 24.3%, Earnings Per Share improved to LKR 29.53 Liquidity Ratio at 43.49%, Tier 1 Capital Adequacy ratio at 13.95% Nations Trust Bank continued its solid financial…
Galadari Hotels Lanka PLC successfully signed an agreement with the Board of Investment (BOI) of Sri Lanka as the first step towards the property’s refurbishment process. Galadari Colombo has over the years built up an enviable reputation in the hospitality industry and proudly boasts of over 39 years of exceptional service. The property will go…
A formal presentation of the annual dividends from five esteemed institutions under the purview of the State Ministry of Primary Industries took place at the Presidential Secretariat, this morning (10). The ceremony, presided over by President Ranil Wickremesinghe, marked the remittance of a total sum of Rs. 925 million to the Treasury. Accordingly, National Gems…
Reuters – The Industrial and Commercial Bank of China’s (ICBC) U.S. arm was hit by a ransomware attack that disrupted trades in the U.S. Treasury market on Thursday, the latest in a string of victims ransom-demanding hackers have claimed this year. ICBC Financial Services, the U.S. unit of China’s largest commercial lender by assets, said…
The World Bank’s Board of Executive Directors today approved $150 million in financing for Sri Lanka to strengthen the resilience of the financial sector. “Sri Lanka’s economic crisis highlights the need for strong safety nets to support the financial sector. Stable and reliable banking sector is essential for the economy, businesses and individuals, small businesses…
DFC CEO Scott Nathan reiterates the need to support women entrepreneurs, sustainable financing, and micro-, small and medium enterprises (MSMEs). Agreement signed by CEO Nathan strengthens CDB’s status as a responsible corporate citizen. During U.S. International Development Finance Corporation (DFC) CEO Scott Nathan’s trip to Colombo November 7-8, he announced $30 million in DFC financing…
President says addressing the 19th Annual General Meeting of the Sri Lanka Spice Council. President Ranil Wickremesinghe, called for a comprehensive program to revive the country’s spice industry, which was once a major source of income. Speaking at the 19th Annual General Meeting of the Spice Council, he urged them to prepare a proper plan…
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