FY22 Highlights Consolidated revenue of Rs.32.2 billion, up by 32.2% YoY PAT amounted to Rs. 5 billion, up 96.9% YoY backed by Healthcare and Agribusiness performance Healthcare revenue up 37.1% YoY to Rs. 17.5 billion Consumer Goods revenue up 13.2% YoY to Rs. 8.1 billion Agri revenue up 64.6% YoY to Rs. 6.5 billion Fueled…
The group records a steady top-line of LKR 4,393 Mn and Gross Margin of 62% in FY21/22 WindForce PLC is recognized as the largest Independent Power Producer (IPP) of renewable energy in Sri Lanka. Pioneering wind power generation locally, WindForce will hold over 245MW in their portfolio at the end of the current financial year,…
Emirates, SriLankan among carriers forced to fill up overseas Island nation going through shortage of all essential supplies Bloomberg – Sri Lanka is recommending airlines carry enough jet fuel to last return trips or fill up elsewhere, as the island grapples with a shortage of everything from oil to food due to a foreign-exchange crisis….
The Food and Agriculture Organization of the United Nations (FAO) with financial assistance from the Norwegian Agency for Development Cooperation (Norad) is providing technical support to develop the fisheries and aquaculture sector in Sri Lanka. This FAO-Norad global collaboration will work with the Ministry of Fisheries on three focus areas in Sri Lanka; develop capacities…
In view of the recent discussions in several public forums relating to the Non Performing Assets (‘NPA’) portfolio of People’s Bank, the Bank wishes to set out the following matters of fact: NPAs are loans whose interest and/ or principal have not been duly serviced for astipulated time period. A mere classification to NPA does…
The Ministry of Finance issued Import Control Regulations on Payment Terms No.07 of 2022, dated 06 May 2022, and to be effective from 20 May 2022, by restricting the use of Open Account Payment Terms or Consignment Account Terms, subject to conditions, when importing goods to Sri Lanka. This measure complements the various other measures…
Uber Eats in Sri Lanka has reiterated its commitment to the market by dialing up support to Courier partners on its platform during the current challenging times. To soften the impact of the ongoing economic crisis, the company has announced initiatives that will help create new earning opportunities and provide a cushion to courier partners….
Further expanding its portfolio, Resus Energy PLC, a forerunner in renewable energy, recently connected a 6.0MW ground mounted solar PV (photovoltaic) station to the national grid. This comes at a crucial time when the country is facing a massive power crisis resulting from fuel scarcity to operate thermal plants, which in turn results from a…
KUALA LUMPUR: Axiata Group Bhd has appointed Hans Wijayasuria and Vivek Sood as interim joint acting group chief executive officers effective June 1, 2022, as Datuk Izzaddin Idris steps down. The telco said in a statement Izzaddin will step down from his position as president and group chief executive officer effective May 31. His stepping down is…
The World Bank Country Manager in Colombo, Chiyo Kanda, called on the Minister of Foreign Affairs Prof. G.L. Peiris at the Ministry of Foreign Affairs on 27 May, 2022. Minister Peiris sought assistance from the World Bank until long term assistance materializes through the IMF, other international institutions and donor countries. The Minister highlighted the…
Video Story
