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Hayleys posts strong nine-month topline growth, turnover up 37%YoY to 112.3 Bn

Strong top line performances across the Hayleys Group and the addition of recent strategic acquisitions  resulted in a 37% YoY increase in turnover upto Rs. 112.3 billion during the nine months to 31st December 2017 while gross profits expanded by 29% YoY up to Rs. 24 billion.  ...
Posted On 18 Feb 2018

Haycarb records turnover of Rs. 10.9 billion and profit before tax of Rs. 564 million at Q3 2017/18

Haycarb PLC, the Sri Lankan multinational of Hayleys PLC reported revenue of Rs. 10.9 billion and profit before tax of Rs. 564 million for 9 months ending 31 December 2017. The profit after tax stood at Rs. 473 million. Haycarb PLC Managing Director Mr. Rajitha Kariyawasan said...
Posted On 17 Feb 2018

CAL at the forefront Sri Lanka’s Capital Markets in 2017

Sri Lanka’s #1 investment banking firm and the preferred partner in financial markets, Capital Alliance Partners Limited (CAL), enters the year 2018 on a high note. Having sealed a number of transactions across all 3 business verticals in Debt Capital Markets, Equity Capital...
Posted On 21 Jan 2018
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Stock Market continues strong start to the year with the second listing of 2018

LVL Energy Fund Limited (LVEF) rang the opening bell to commence trading and celebrate the listing of its shares at the Colombo Stock Exchange (CSE) today. The listing follows a successful Initial Public Offering by the company, through which it raised Rs. 1.2 billion through a...
Posted On 20 Jan 2018
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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
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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
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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
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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
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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
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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