Fitch Ratings announced that Sri Lanka’s ongoing economic recovery, combined with moderating inflation and lower interest rates, is set to drive the growth of finance and leasing companies (FLCs) in the financial year ending March 2025 (FY25). The positive outlook is also supported by the potential relaxation of vehicle import restrictions, which have been in
Amana Bank has declared its seventh consecutive annual dividend, marking its highest payout to date, totaling Rs. 661 million. This represents a significant doubling of the dividend compared to 2023. The bank announced an Interim Cash Dividend of Rs. 1.20 per share to its shareholders, with a total of 551,125,746 ordinary shares issued as of
Siyapatha Finance PLC recently announced steady financial growth for the first half of 2024, ending June 30. The company achieved a profit after tax (PAT) of Rs. 513 million, marking a remarkable 189% increase compared to the same period last year. Profit before tax (PBT) also saw substantial growth, rising by 133% to Rs. 1,215
Sri Lanka experienced a significant increase in loan demand across the retail, corporate, and small and medium enterprise (SME) sectors during the second quarter of 2024, according to a recent survey by the Central Bank of Sri Lanka. This uptick is attributed to lower interest rates and stable exchange rates, reflecting improved economic confidence and
Maharaja Foods Ltd., a leading producer and exporter of authentic Sri Lankan food and spices, is set to commence secondary market trading at the Colombo Stock Exchange (CSE) today. The company’s Initial Public Offering (IPO), which opened on July 4, was oversubscribed and closed on the first day, highlighting the significant interest in Maharaja Foods.