Sri Lanka’s tourism sector earnings were provisionally estimated at US dollars 3,592 million during 2019, compared to US dollars 4,381 million during the corresponding period of 2018, latest External Sector Performance report of the Central Bank of Sri Lanka outlines. Earnings from tourism were provisionally estimated at US dollars 454 million in December 2019, in…
– Kickstarts its journey with final roll out of the locally assembled KUV100 NXT K6+ from its MILPL plant in Welipenna. – Cements its commitment to strengthen its brand presence in Sri Lanka expanding its offering in passenger vehicle segment. – Open Doors for sale island wide with the opening of the 1st exclusive showroom…
According to J. B. Securities monthly review, Sri Lanka vehicle registrations picked up in January 2020, in comparison to December 2019 in most categories. Total car registrations recorded 2,536 units (N 349, P 2,187) in Jan up from 2,057 units in Dec but down from 3,147 units 12 months ago. New car registrations recorded 349…
Amal Cabraal has been appointed as the Vice Chairman of the Sunshine Holdings PLC with effect from 13 February 2020. He has been serving the Sunshine Board since May 2017 as an Independent Director. Amal Cabraal is presently the Chairman of Ceylon Beverage Holdings PLC, Lion Brewery (Ceylon) PLC, Silvermill Investment Holdings and CIC Feeds…
According to the latest external trade data released by the Central Bank, country’s trade deficit had widened in December 2019, led by a decline in exports and a growth in imports on a year-on-year basis. The deficit in the trade account widened in December 2019 to US dollars 784 million, from US dollars 701 million…
HNB Finance Limited’s Initial Public Offering (IPO) was successfully oversubscribed on the opening day. In a stock exchange filing on Monday (17) HNB Finance Limited noted that they have received applications for over Rs.57 million in shares the company was selling through an Initial Public Offer on Monday (17). Therefore, the offer was closed at 4.30…
With the coronavirus epidemic becoming a serious cause for concern, the Hambantota International Port (HIP) has put in place several measures to ensure the safety of their staff, environment, and the general public. Emergency Response Procedure is in place with 3 response levels. A special committee has been appointed headed by the CEO with all…
First Capital Holdings PLC (the Group) recorded a Profit after Tax of Rs. 1,093Mn for the nine months ended 31st December 2019 compared to a Loss after Tax of Rs. 333Mn in the corresponding period of the previous year. The Group’s Total Comprehensive Income for the period under review was Rs. 1,069Mn (2018/19 – Total…
YTD Revenue and EBITDA Growth 7%, PAT Out Pace Revenue and EBITDA at 44% Recommended Dividend: 40% of Earnings, 53 Cents per Share Direct Taxes, Fees and Levies to GoSL: Rs11Bn (Indirect on behalf of GoSL Rs22Bn) Continuing Capex Investments in High Speed Broadband and Other Infrastructure: Rs28.6Bn Operating Free Cash Flow Tops Rs12.3Bn YTD…
Softlogic Holdings PLC Chairman Ashok Pathirage noted that, with the new political equation, the economy would be galvanized with tourism occupying a major thrust in the government’s agenda for ensuring that the country becomes a regional shopping destination. ‘Notwithstanding this, the unforeseen Coronavirus would no doubt impact global tourism,”Pathirage said in his review accompanying interim…
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