Boosted by the divestment of its tea plantations, diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported notable growth in bottom-line performances during the first nine months of the current financial year (9MFY20).
Sri Lanka’s leading medium sized conglomerate reputed for its market dominance in the areas of financial services, manufacturing, real estate, technology and strategic investments, Ambeon Holdings PLC recorded a revenue of 15.9 Bn at group level compared to the 13.4Bn achieved during the corresponding period of 2018/19, resulting in a growth of 18%.
The Hayleys Group, Sri Lanka’s most diversified conglomerate demonstrated strong resilience in the 3rd quarter of 2019/20 to achieve a 41% growth in profit-after-tax.
The Commercial Bank of Ceylon has announced it will keep 70 branches open for business on Friday, 21st February, a Public and Bank holiday to mark the celebration of Mahasivarathri.
Hayleys Group’s subsidiary Dipped Products PLC (DPL), a leader in the global hand protection glove market, reported Rs. 23.2 billion Group turnover for the nine months ending December 2019.
The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 17.6 billion and profit before tax of Rs. 1,578 million for the nine months ending 31st December 2019.
Sri Lanka's most innovative private sector bank HNB PLC, once again consolidated its reputation for banking excellence when it bagged the Best Retail Bank in Sri Lanka and Best Micro Finance Bank in Sri Lanka Awards for the second consecutive year at the International Finance Awards 2019.
International Finance of the UK recently presented the awards for ‘Best Domestic Bank’ and ‘Best Corporate Bank’ in Sri Lanka in 2019 to Commercial Bank of Ceylon at an awards gala at the Jumeirah Emirates Towers hotel in Dubai.
HNB Finance Limited, a licensed finance company has obtained approval from the Colombo Stock Exchange to list its voting and non-voting ordinary shares.
The Ceylon Dollar Bond Fund that invests exclusively in Sri Lankan government issued International Sovereign Bonds (ISB), and SLDBs reported a strong US$ performance of 10.3% in 2019 to investors, while the fund size reached US$ 23 million as at 31 December, 2019, according to Ceylon Asset Management Managing Director, Dulindra Fernando.
The Colombo Stock Exchange (CSE) has organized a forum to discuss changes to the tax system which were recently announced by the Government.
