Finance

Credit Card Debt Sees Modest Increase in August Amid Rising Private Credit

  • October 7, 2024

Consumer spending via credit cards has shown signs of growth, with the total outstanding credit card debt in licensed commercial banks rising by nearly one billion rupees in August, reflecting a broader surge in private sector credit during the same month. According to the latest data for August 2024, outstanding credit card debt increased by

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Industry Analysis

Ceylon Cold Stores Reports Strong Q1 Results, Reflecting Consumer Spending Recovery

  • July 30, 2024

Ceylon Cold Stores PLC, a subsidiary of John Keells Holdings, has showcased robust financial performance for the April-June quarter of fiscal year 2025, signaling a resurgence in consumer spending. The company achieved a top line of Rs. 38.1 billion, marking a 10% increase from the same period in 2023. Operating profits surged by 69% to

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