Market closure – April 22, 2019

The Colombo Stock Exchange (CSE), in consultation with the Securities & Exchange Commission of Sri Lanka (SEC), announces that the CSE will not open for trading at the regular time on Monday April 22, 2019. A further communication will follow, with regard to the resumption of...
Posted On 24 Apr 2019
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ABACUS TEA UNVEILS STAPLE-FREE TECHNOLOGY FOR EXISTING TEA BAG MACHINES

•OVER 1000 CONSTANTA MACHINES TO GET NEW LEASE OF LIFE.   •STAPLE PINS, RECOGNIZED AS POTENTIAL HEALTH HAZARD, NOW AVOIDED IN MOST COUNTRIES.    •INVESTMENT ON NEW UNIT CAN BE RECOVERED IN THREE YEARS FROM SAVINGS ON REMOVING STAPLE AND BENEFIT RECEIVED ON PACKING PRICE OF...
Posted On 18 Apr 2019
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Resilient Teejay posts 5th successive quarter of profit growth

Reports 9-month net profit of Rs 1.26 billion on sales of Rs 23.0 billion Teejay Lanka PLC has achieved its fifth consecutive quarter of top and bottom line growth in the third quarter of 2018-19, demonstrating its resilience during a period of higher raw material and utility...
Posted On 11 Feb 2019
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Huawei CEO and Founder expects Revenue to touch US $ 125 Bn in 2019 Says company intends to spend US $ 100 Bn for R&D in total for next 5 years

Ren Zhengfei, CEO and Founder of Huawei, recently said that 2019 could be a difficult year for Huawei, and however the company, is targeting US $ 125 billion in revenue for the whole year. Huawei has not released its total revenue for 2018 yet, but Eric Xu, one of the rotating...
Posted On 17 Jan 2019
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Fortinet Serves as a Founding Partner of World Economic Forum’s Centre for Cybersecurity

As first cybersecurity founding partner of the Centre for Cybersecurity, partnership demonstrates Fortinet’s continued commitment to innovation and collaboration to combat global cybercrime   Fortinet, a global leader in broad, integrated and automated cyber security solutions,...
Posted On 08 Jan 2019
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Huawei’s Ken Hu Expresses Confidence in Business and Addresses Challenges

Huawei Rotating Chairman Ken Hu held a press conference with leading global media at the company’s new campus in Dongguan recently. The journalists visited R&D labs showcasing materials and thermal management technologies developed for 5G equipment, as well as an...
Posted On 28 Dec 2018

Constituent Changes to the S&P Sri Lanka 20 Index

The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2018 year-end index rebalance. The exclusions and inclusions as announced by S&P Dow Jones Indices, effective from 24 December...
Posted On 23 Dec 2018
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LAUGFS Gas Strengthens Infrastructure in Bangladesh with New Cylinder Requalification Plant

LAUGFS Gas Bangladesh Limited, one of the largest LPG downstream distributors in Bangladesh, officially commissioned its newest cylinder requalification plant recently at its Terminal facility in Mongla, Khulna. Operating a world-class LPG import, bottling and distribution...
Posted On 30 Nov 2018
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Fortinet positive on market potential in Sri Lanka

Rajesh Maurya, Regional Vice President, India, Sri Lanka & SAARC, Fortinet. Q) How do you plan to compete with other Information security focused brands in Sri Lanka? The security point-solutions bolted onto networks over the years are simply no longer sufficient to address...
Posted On 11 Oct 2018
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INSEE CEMENT LAUNCHES CUSTOMISED CONCRETE SOLUTIONS TO REVOLUTIONIZE BUILDING INDUSTRY

Today’s ready-mixed cement industry in Sri Lanka primarily pivots on building contractors who unfortunately do not have the required skills to provide a high quality customized solution to home builders. This is where INSEE steps in. INSEE Cement Sri Lanka the country’s reputed...
Posted On 19 Sep 2018
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New Head of Operations at the Sustainable Future Group

Sri Lanka’s leading environmental certification organization The Sustainable Future Group named its new Head of Operations recently.  Dhishna Bastiansz brings an admirable track record of achievement in market research, marketing and advertising communications fields. With...
Posted On 07 Aug 2018
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HNB Group records Rs 7.2 Bn PBT in Q1

  Group PAT Rs 5 Bn Bank Cost to Income 36.3% CASA Growth of 10% in 3 months HNB posted a strong start to 2018 with first quarter PAT growing by 22.5% to Rs 4.5 Bn, while the Group reported a PAT of Rs 5 Bn which is a 24% growth from last year. HNB expanded its loan book by Rs...
Posted On 20 May 2018