BoardPAC, Sri Lanka’s top-notch paperless board meeting solution enters Australia

BoardPAC, the award-winning Sri Lanka-developed, iPad-enabled paper-less board communication and meetings solution has been launched in Australia to service large corporations in that country. Headquartered in Melbourne, with a regional office in Sydney, the Australian company...
Posted On 15 Dec 2017

First Capital records profit after tax of Rs. 731Mn for the 1st half of 2017/18

First Capital Holdings PLC (the Group) recorded a profit after tax of Rs. 731Mn for the 1st half of 2017/18, a substantial increase compared to Rs. 406Mn in the corresponding period of the previous year. Total comprehensive income for the 1st half was Rs. 641Mn (2016/17 – Rs....
Posted On 17 Nov 2017

Softlogic Life grows by 28% recording GWP of 5.3Billion in 9months

Softlogic Life Insurance PLC has more than doubled market growth recording Gross Written Premiums of Rs 5.283Billion an increase of 28.3% for the nine months ending September 2017 compared with the previous year. The profit after tax for the Company for 9months was Rs 755Million...
Posted On 15 Nov 2017

Sunshine profits up 17.3% in 1HFY18 supported by strong Agri and FMCG performances

Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported impressive growth in top and bottom line performance after posting consolidated revenue of Rs. 10.3 billion and delivering a 24.2% Year-on-Year (YoY) increase in Profits After Tax (PAT) for the Group...
Posted On 10 Nov 2017

Hayleys turnover up by 20% YOY to Rs. 62.4 billion in 1HFY17/18

Fueled by topline growth across all of its key business segments, Hayleys PLC posted a 20% Year-on-Year (YoY) increase in turnover up to Rs. 62.4billion. The Group has continuously infused higher levels of investment into key business segments with a view to enhancing  growth...
Posted On 09 Nov 2017

DPL First Half Records Rs.14.6 Bn Revenue

Dipped Products Group posted Rs. 14.6 billion turnover during the 1st half of the financial year, 26 percent increase from a year ago. Group Profit before Tax (PBT) for the period improved to Rs 229 million. The Hand Protection segment contributed Rs. 8 billion to the revenue, 14...
Posted On 06 Nov 2017

Tea Tweak 2020:Addressing challenges and opportunities of Sri Lanka’s Tea Industry

The Tea Exporters Association held their Annual General Meeting under the theme ‘Tea Tweak 2020’ at Cinnamon Grand, Colombo recently. Many dignitaries representing the tea industry and related sectors graced the occasion which was held under the patronage of Dr. Indrajit...
Posted On 25 Oct 2017

CICT sponsors ‘Best Innovative Exporter of the Year’ awards at Silver Jubilee of NCE Awards

Colombo International Container Terminals (CICT) sponsored the ‘Best Innovative Exporter of the Year’ at the 25th annual export awards ceremony of the National Chamber of Exporters (NCE). The winner of the Gold award for 2017 was the Hayleys PLC company Rileys (Pvt) Ltd, a...
Posted On 21 Oct 2017

Tea Board Chairman to deliver keynote address at 163rd Annual General Meeting of the Planters’ Association

The 163rd Annual General Meeting (AGM) of the Planters’ Association of Ceylon, one of the plantation sector’s most important gatherings, is scheduled to take place at the Grand Ballroom of the Galadari Hotel on 22 of September 2017. Drawing together some of the most respected...
Posted On 11 Sep 2017

Ceylon Index Fund Emerges Top Performing Fund in 1H 2017 Reports a performance of 15.6% in first 6 months of 2017

The Ceylon Index Fund (CIF) that invests in blue chip, liquid companies listed on the Colombo Stock Exchange (CSE) has emerged as the top performing Unit Trust out of all 78 mutual funds in Sri Lanka during the first half of 2017. The fund reported a performance of 15.57%* during...
Posted On 07 Sep 2017

Huawei Helps Seize New Opportunities Created by Young People in Asia-Pacific Emerging Markets

Huawei held Asia-Pacific Emerging Markets Summitthemed “Emerging Market, Emerging Opportunities”. Zhou Jianjun, Vice President of Huawei Carrier Business Group, indicated that young consumers in the Asia-Pacific region accounting for 51% of the population will be the...
Posted On 29 Aug 2017

Janashakthi Continues to Drive Double Digit Growth through 1H 2017

Janashakthi Insurance PLC (Janashakthi) registered consolidated Gross Written Premium (GWP) of Rs. 7.222 billion for the six month period ended 30th June 2017, with a Year on Year (YoY) growth of 11%. This was backed by strong growth in the Non-Life or General Insurance segment...
Posted On 20 Aug 2017