Hela Apparel Holdings PLC has announced a significant improvement in its financial performance during the quarter ended 30th September, with a return to operating profit for the first time in eight quarters. This positive result highlights the recovery of demand conditions in its key export markets and underscores the successful outcomes of its ongoing restructuring…
Customer deposits cross Rs 1.6 Tn Contribution to Government revenue by way of taxes exceeds Rs 25 Bn for 9M Continues to maintains strong capital and liquidity levels Asset quality further strengthened with net stage 3 ratio at 3.32% and provision coverage ratio at 60% HNB Group recorded a PAT of Rs 23.7 Bn growing…
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…
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