Dialog Axiata PLC, the country’s leading telecommunications service provider, reached a significant milestone yesterday (25) by becoming the largest listed company on the Colombo Stock Exchange (CSE) in terms of market capitalization. The company ascended to the top spot by overtaking John Keells Holdings (JKH), which had previously led the rankings. This shift followed a…
Sri Lanka became the first country in South Asia to unveil a solar hybrid bakery oven, designed with both solar and biogas energy sources to ensure uninterrupted operation despite unpredictable weather conditions. The event, held on 22 May at Cinnamon Lakeside Colombo, was hosted by Incitare Sri Lanka and the Global Rethinking Finance Collaborative (GRFC),…
Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 17,623 million for the 4th Quarter ending 31st March 2026, compared to Rs. 12,960 million recorded in the corresponding quarter of the previous year, reflecting a 36% growth in turnover. The Group reported a Profit After Tax (PAT) of Rs. 577 million for the quarter,…
Sampath Bank PLC has become the first bank in Sri Lanka to introduce integrated PayPal withdrawal and account connectivity capabilities through Sampath Vishwa, marking a major advancement in Sri Lanka’s digital banking landscape and expanding access to secure global payments. Sri Lanka’s digitally connected workforce and business community continue to expand across international marketplaces and…
The Colombo Stock Exchange (CSE) witnessed a strong rally today (25), with benchmark indices recording notable gains amid broad-based buying interest. The benchmark All Share Price Index (ASPI) surged by 435.13 points, or 1.98%, to close at 22,364.77, while the S&P SL20 Index, which tracks the market’s most liquid stocks, gained 118.08 points, or 1.95%,…
Pelwatte Dairy Industries Limited has announced a significant new investment through its fully owned subsidiary, Pelwatte Foods (Private) Limited, to establish a Greenfield Liquid Milk Manufacturing Facility (Phase 01) at its Kurunegala plant. The investment, valued at approximately Rs. 1.86 billion, was formalised through an agreement signed with the Board of Investment of Sri Lanka…
Sri Lanka’s total exports, comprising both merchandise and services, reached US$ 1,380.93 million in April 2026, recording a year-on-year growth of 6 % compared to April 2025. According to provisional data released by Sri Lanka Customs, together with estimated figures for Gems & Jewellery and Petroleum Products, merchandise exports in April 2026 increased by 9.87%…
Hemas Holdings PLC announced record earnings for both the fourth quarter (Q4) and full financial year FY26, marking a historic milestone for the Group. Group earnings reached Rs. 3.03 Bn in Q4, representing 17.6% year-on-year (YoY) growth, and Rs. 8.92 Bn for the full year, up 10.7% YoY. Revenue for FY26 grew 8.0% to Rs….
Sri Lanka’s apparel exports recorded a softer performance in April 2026, with total exports declining by 4.72% to US$ 328.15 million, compared to US$ 344.40 million in April 2025. The decline was mainly seen across key traditional markets, with exports to the UK down 16.91%, the EU down 8.78%, and the USA down 3.46%. However,…
Recurring revenues reach 74% of total; Normalized EBITDA margin expands 17 percentage points hSenid Business Solutions PLC (hSenidBiz) announced its financial results for the fourth quarter and full year ended 31 March 2026, delivering a significant turnaround in operational profitability, materially improving earnings quality, and achieving a key strategic milestone. In the fourth quarter, total…
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