Asia Capital to broad base shareholding to match minimum public float

Leading and pioneering investment bank in Sri Lanka Asia Capital PLC (ACAP) will soon broad base the shareholding to be in compliance with public floating requirements stipulated by the Listing Rues of Colombo Stock Exchange. “We will soon look at opportunities of broad basing...
Posted On 26 Nov 2020

Sovereign Bond Opportunity is “too good to miss” says new Chairman of Ceylon Asset Management

The new Chairman of Ceylon Asset Management (CAM), Mr. Malaka Bandara highlighted “this is a rare opportunity to invest in SL Sovereign Bonds at discounted prices” after a Moody’s rating report overreaction to downgrade Sri Lanka to Caa1 in September (Source: Moody’s Investor...
Posted On 24 Nov 2020

MAGA constructs iconic Manning Market Complex in Peliyagoda

The iconic new Manning Market Complex in Peliyagoda was inaugurated on 20 November 2020 by the Hon. Prime Minister Mahinda Rajapaksa. The complex will house 1192 shops and is part of the new commercial hub in Peliyagoda, bordering Sri Lanka’s most populous districts.  ...
Posted On 24 Nov 2020

CSE welcomes progressive Budget 2021 Proposals Directed at Developing the Capital Market

The Colombo Stock Exchange (CSE) welcomes the progressive capital market related proposals presented to parliament by Hon. Prime minister Mahinda Rajapaksa at the 2021 Budget Proposals Speech made on 17th November 2020.   Long-term sustainable measures have been proposed by...
Posted On 18 Nov 2020

Resilient Sunshine sustains ‘new normal’ challenges to up 2Q revenue by 16%

1HFY21 Highlights Consolidated revenue of Rs. 11 billion, an increase of 9.3 % YoY PAT amounted to Rs. 1.3 billion, an increase of 34.8% YoY Healthcare revenue up 10% YoY to Rs. 5.8 billion Consumer revenue contracted 0.4% YoY to Rs. 2.8 billion Agri revenue up 17.3% YoY to Rs....
Posted On 17 Nov 2020

Is now a good time to invest in real estate?

– By Nayana Mawilmada, Sector Head, John Keells Properties   Real estate in central Colombo has been inaccessible to a majority of Sri Lankans for quite some time. But if there was ever a window of opportunity to consider investing, now might be it. With interest rates in...
Posted On 14 Nov 2020

Teejay adapts to “new normal” to post net profit of Rs 631 million in Q2

As the world continues to focus on flattening the curve in the COVID-19 pandemic, Teejay Lanka PLC has adapted to the “new normal” to post an improved performance in the three months ending 30th September 2020.   Sri Lanka’s only multinational textile producer has converted...
Posted On 13 Nov 2020

Hayleys Plantations bags top 10 ranks at Tea Auction for Western High Grown Tea

The tea estates of Sri Lanka’s leading plantations company, Hayleys Plantations achieved another unprecedented milestone after the company’s estates secured all of the Top 10 positions for highest Gross Sales Average (GSA) at the auction for Western High Grown tea in September...
Posted On 12 Nov 2020

Exports propel Hayleys to new heights; declares best ever six months

The Hayleys Group delivered a record profit in the first six months of FY 2020/21, with pre-tax profit nearly tripling to Rs. 5.52 billion compared to the corresponding period of last year. The period under review reflects the strongest six months performance in the Group’s...
Posted On 11 Nov 2020

Investors respond positively as the stock market remained accessible amidst curfew

Stock Market Operations continued seamlessly with no interruptions between 26th October and 6th November 2020 amidst an environment where some offices of the Colombo Stock Exchange (CSE) and several Stock broker Offices were located in areas subject to quarantine curfew. In a...
Posted On 10 Nov 2020

Huawei revenue in Q3 2020 at a 9.9% growth

Huawei recently announced its business results for the first three quarters of 2020. During this period, Huawei generated CNY671.3 billion in revenue, an increase of 9.9% over the same period last year. The company’s net profit margin in this period was 8.0%. Throughout the...
Posted On 24 Oct 2020

English Tea Shop is Great Game of Business All Star International Champion 2020

Advocates shared value; employees, tea-growers and shareholders grow together Showed profitability even through COVID-19 due to GGOB Achieved 20% compound annual growth in value-added per employee in last 5 years October 6, 2020 Colombo Sri Lanka:  Sri Lanka’s English Tea Shop...
Posted On 09 Oct 2020