Reports consolidated income of Rs 40.7 billion for 2021 Life Fund grows 12% to Rs 119.6 billon Total assets up 15.2% to Rs 173.7 billion Value of investment portfolio increases by 15.5% to Rs 154.4 billion Ceylinco Life has retained its market leadership in Sri Lanka’s life insurance sector for the 18th consecutive year with…
Group Revenue up 60 % to Rs 7,698 Mn Group PBT up 54% to Rs 2,839 Mn Residential Sales drives Profitability Havelock City Residential Phase 4 Completed Jan- 2021 Havelock City Mall and Office Tower to open mid-2022 Overseas Realty (Ceylon) PLC recorded a steady growth in Revenue and Profitability, primarily driven by the Havelock…
Mr. Bjarke Mikkelsen, CEO and Founder of Daraz, visited Sri Lanka on 14th and 15th February 2022 and held an exclusive meeting with the Sri Lankan Prime Minister, Hon. Mahinda Rajapaksa. The meeting touched upon the growth of e-commerce in Sri Lanka, the increasing digital transition of consumers and sellers, and Daraz’s commitment to harness…
Pioneering its contribution to marketing Sri Lanka as a ‘must-visit’ travel destination over the decades, Cinnamon Hotels & Resorts is making a renewed effort by launching the ‘One Island Thousand Treasures’ destination promotion campaign. This novel campaign will unveil the unknown stories behind Sri Lanka and paint a unique picture of culturally relevant stories just waiting…
By Imesha Dissanayake The Government of Sri Lanka (GoSL) has very ambitious plans for the country’s economic transformation including an economic growth expectation of more than 6% during five-year period of 2022-2027. The national budget announced in 2022, forecasts public investments to be at 5.1% of GDP. A similar figure was announced during the last…
On the occasion of celebrating the 65th anniversary of establishing diplomatic relations and the 70th anniversary of the Rubber – Rice Pact, the Embassy of Sri Lanka in collaboration with the CITS Overseas Economic Cooperation Co., Ltd. launched an Embassy TikTok account on 18 February, 2022. This TikTok account will promote activities organized by the Embassy, Sri…
Sunshine Holdings (CSE: SUN) announced the appointment of Ruvini Fernando to the Company’s Board as Independent Non-Executive Directors with effect from 21st February, 2022. With the new appointment, the Board of Sunshine Holdings will be comprised of ten Directors, seven of which are non-executive, independent directors. Ruvini Fernando is a consulting and capital markets professional…
Consolidated Group profits of LKR 7 Bn – up by 35% Pre-tax profits crosses LKR 10 Bn – up by 12% Taxation contribution to Government of LKR 4 Bn Solid growth in total assets to LKR 703 Bn – up by 12% Notable growth in gross loans and customer deposits to cross LKR 500 Bn…
PGP Glass Ceylon PLC reported its nine-month results as at 31st December 2021, with a turnover of Lkr 7,064 Million and PAT (Profit After Tax) of 1,078 Million as against a turnover of Lkr 5,961 Million & PAT of Lkr 694 Million in the previous year similar period. The Board of Directors have declared a…
4Q Profits cross Rs. 1 billion mark for the first time in its history Net Interest Income – Rs. 9,642 million, up by 31% Net Fee and Commission Income – Rs. 1,783 million, up by 40% Other Operating Income – Rs. 392 million, up by 66% Operating Profits up by 39% to post 4,911 million;…
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