Jetwing Symphony Limited makes CSE trading debut as the first listing in 2018

Jetwing Symphony Limited rang the opening bell to commence trading and celebrate the listing of its shares as the first listing at the Colombo Stock Exchange (CSE) for 2018. The listing follows a successful Initial Public Offering by the company in December 2017, through which it...
Posted On 11 Jan 2018

Alumex spearheads effort to mould a new generation of construction professionals

Even as Sri Lanka’s construction sector continues to enjoy an unprecedented level of growth and development – rising to a rate of 9.3% Year-on-Year in the second quarter of 2017, the construction industry itself is finding it increasingly difficult to find labour – skilled or...
Posted On 08 Jan 2018

Planters Association of Ceylon commend swift action to help lift Russian restrictions on Sri Lankan tea imports

The Planters’ Association of Ceylon (PA) issued a statement commending the swift and effective action taken by the Ministry of Plantation Industries, the Sri Lanka Tea Board, and all other state and diplomatic officials that played a role in negotiating the lifting of a temporary...
Posted On 03 Jan 2018

Tea Sector Trailblazer Eranda Aberathna of Halpé Tea wins ‘National Young Entrepreneur of the Year 2017’

Starting a business is always a daunting task for any entrepreneur. For Eranda Aberathna, Managing Director U.H.E. Exports (Pvt) Ltd, success comes from the courage to dream big. Launching the company just three and a half years ago with only himself and a graduate-assistant, he...
Posted On 29 Dec 2017

Four Ways to Drive Diversity and Inclusion in the Workplace

The global workplace is evolving and women are the next emerging market in the world (Ernst & Young, 2013). The female labor participation rate in Sri Lanka stands at 35.9% (Department of Census and Statistics—Sri Lanka, Q2 2017). Furthermore, Asia Pacific is home to 700...
Posted On 20 Dec 2017

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