LOLC Holdings PLC delivered a strong operating performance for the year ended 31 March 2026, underpinned by robust income growth, a significant expansion in core operating profitability and continued scale-up of its financial services-led diversified business model. With a global operating presence across 27 countries, the Group continues to strengthen its position as Sri Lanka’s…
Diversified conglomerate CIC Holdings PLC (CSE: CIC) recorded steady revenue growth during the year ended 31 March 2026 (FY26), navigating weather-related disruptions and sectoral cost pressures. The Group posted consolidated revenue of Rs. 91.75 billion, reflecting 10.16% year-on-year growth, driven by resilient performance across its diversified portfolio. Group gross profit rose to Rs. 24.09 billion,…
According to the latest daily exchange rate sheet issued by the Central Bank of Sri Lanka (CBSL), the buying rate of the US dollar stood at Rs. 325.97 on Monday (June 1), while the selling rate was recorded at Rs. 335.70. The latest figures indicate a slight depreciation of the Sri Lankan Rupee compared to…
Oilprice.com – Oil prices climbed in early Asian trading on Monday as Israeli troops moved further into Lebanon over the weekend, adding fuel to fears that the broader Middle East conflict is moving toward escalation rather than a peace deal. At the time of writing, West Texas Intermediate crude was up 2.88% at $89.88 per barrel, while Brent crude had…
A visionary expansion focused to position Ella and 98 Acres Resort & Spa on the World Map as A Global Luxury Benchmark Uva Greenlands Estate (Pvt) Ltd has signed a landmark agreement with the Board of Investment of Sri Lanka (BOI) on 29th May 2026, marking a defining milestone in the evolution of 98 Acres…
The Sri Lanka Export Development Board (EDB) has taken steps to implement a comprehensive plan to expand testing and certification facilities across the island, addressing one of the most significant bottlenecks faced by the country’s export sector. A high-level stakeholder discussion was recently held in Colombo with the participation of government institutions, testing laboratories, certification…
Sri Lanka’s sustainable finance market continues to gain momentum as the Colombo Stock Exchange (CSE) collaborated with the European Union-funded Green Recovery Facility, implemented by Expertise France, to advance the country’s growing pipeline of Green, Social, Sustainable and Sustainability-Linked (GSS+) bonds through a series of targeted market-building programmes earlier last month. CSE collaborated with the…
The Central Bank of Sri Lanka (CBSL) has announced that the Sri Lankan Rupee (LKR) depreciated by 5.4% against the US Dollar on a year-to-date basis as of the end of May 2026. In its official assessment of the currency’s performance, the Central Bank stated that this decline reflects heightened external sector pressures following the…
Records 19% revenue growth, with Profit Before Tax increasing to Rs. 38 bn. The Hayleys Group delivered a record performance during the financial year ended 31st March 2026, achieving the highest revenue in its history with a 19% year-on-year increase to Rs. 585.02 bn, while Consolidated Profit Before Tax rose by 4% to Rs. 38.04…
First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering force in Sri Lanka’s capital markets landscape, delivered a steady performance during FY2025/26, recording a Profit after Tax of Rs. 2.10Bn for the year ended 31 March 2026. While this compares to Rs. 5.02Bn recorded in the previous year, the Group’s performance…
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