Reuters – ** The Sri Lankan rupee fell in dull trade on Friday as outflows from government securities and stocks due to political uncertainty raised dollar demand. ** Stocks snapped four straight sessions of declines, but political uncertainty continued to weigh on investor sentiment after the parliament speaker said on Monday he would not recognise…
Dialog Axiata PLC announced its consolidated financial results for the nine months ended 30th September 2018. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”) post-consolidation with subsidiaries, Dialog Broadband Networks (Pvt) Ltd (“DBN”), Dialog Television (Pvt) Ltd (“DTV”), Digital Holdings Lanka (Pvt) Ltd (“DHL”) and…
The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 8.9 billion and profit before tax of Rs. 502 million for the six months ending 30th September 2018. The profit after tax stood at Rs. 428 million. Haycarb PLC Managing Director, Mr. Rajitha Kariyawasan said that the adjustment of sales prices due to the sharp…
Reuters – ** The Sri Lankan rupee ended weaker on Thursday as outflows from government securities and stocks due to political uncertainty raised dollar demand. ** Stocks fell for the fourth straight session, hitting its near two-week closing low and moving further away from their near two-month closing high hit last week, as the political…
The Tax Appeals Commission (TAC) which has been inactive for some time has now been revived with the reappointment of Justice Hector Yapa as Chairman and Justice Sunil Rajapakse and Mr. S. Swarnajothi Former Auditor General as members by Hon. Prime Minister Mahinda Rajapakse as the Minister of Finance and Economic Affairs. The TAC was established…
Sri Lanka’s one of the oldest Carbonated Soft Drinks (CSD) range including Elephant House brand that’s owned by John Keells Group had experienced a 31% drop in their sales volume of beverage business due to the implementation of a sugar tax on CSD from November 2017, the latest quarterly review of John Keells Holdings (JKH)’s…
The Monetary Board, with the concurrence of the Hon. Minister of Finance, has promoted Assistant Governors, Mr. S R Attygalle and Mr. H A Karunaratne to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL) with effect from 31st October 2018.
Empowers female dairy farmers in the local community Continuing its strong dairy development drive in the country, Nestlé has opened its third milk chilling centre in the Mannar district, in the north-western town of Madhu. The chilled storage facilities are vital in a tropical climate, as it offers farmers a means to keep their milk…
Sri Lanka’s leading blue chip John Keells Holdings (JKH) relapsing their interim financials revealed that JKH Group’s profit before tax (PBT) at Rs. 4.69 billion in the second quarter of the financial year 2018/19 is a decrease of 5% over the Rs. 4.95 billion recorded in the previous financial year. Meanwhile the financials highlighted that…
Reuters – ** The Sri Lankan rupee ended weaker on Wednesday as outflows from government securities and stocks due to political uncertainty raised dollar demand. ** Stocks fell for the third session running, hitting a one-week closing low and moving further away from their near two-month closing high hit last week, as the political crisis…
