Aitken Spence PLC, a leading diversified conglomerate, announced a strong financial performance for the first half of the fiscal year 2025. The company recorded an impressive 10.4% growth in EBITDA, reaching Rs. 8.9 billion for the six months ending 30th September 2024. This growth excludes the impacts of foreign currency exchange gains and losses, reflecting
The National Development Bank PLC (NDB) has announced robust financial results for the nine months ending 30 September 2024, highlighting its resilience and strategic adaptability in an improving economic landscape. NDB Director/CEO Kelum Edirisinghe stated, “The positive trend in Net Interest Margins (NIMs), cost efficiency, and credit quality reflects our focused strategy to enhance shareholder
JAT Holdings PLC reported a robust 67% growth in Profit After Tax (PAT) for the first half of FY 2024/25, reaching Rs. 512 million by September 30, 2024. This growth comes amidst challenging conditions in Bangladesh and the Maldives, demonstrating the company’s resilience and commitment to delivering value to stakeholders. The Group’s Sri Lanka operations
The Commercial Bank of Ceylon has achieved the remarkable feat of being ranked second in the ‘LMD 100’ for 2023-24, advancing five positions in this prestigious list, often referred to as ‘Sri Lanka’s Roll of Corporate Honour.’ This recent ranking not only affirms Commercial Bank’s status as the top-ranked bank in the LMD 100 but
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
JAT Holdings PLC has reported impressive financial results for the first quarter of FY25, with significant growth in both revenue and profit. The company saw a 3% increase in revenues, reaching Rs. 2.2 billion, primarily driven by robust sales in the wood coatings and paint brushes segments. The Profit After Tax (PAT) surged by an
SLT-Mobitel has demonstrated resilience in the first half of 2024, reporting moderate revenue growth alongside significant improvements in profitability. For 1H2024, the group’s revenue reached Rs.53.5 billion, reflecting a 1.6 percent increase from the previous year. Gross profit grew by 4.0 percent to Rs.20.9 billion, with the gross profit margin expanding to 39.0 percent. Despite
Sarvodaya Development Finance PLC has been ranked as the top company in its category by K Seeds Investments, reflecting its exceptional financial performance and robust operational framework. K Seeds Investments is renowned for its comprehensive evaluations of listed finance companies in Sri Lanka, offering invaluable insights into their financial strength. The latest report, based on
Sarvodaya Development Finance (SDF) has reported its highest-ever profits for the financial year 2023/24, driven by significant growth in key financial metrics: SDF’s Total Assets grew by 27.7%, surpassing the industry average of 7.7%, while the Lending Portfolio increased by 29.5% against the industry average of 4.5%. Deposits rose by 21%, outpacing the industry’s 8.8%.
Seylan Bank announced that its recent Rs. 10 billion debenture issue was oversubscribed on its opening day, receiving applications for over 100 million debentures, indicating strong investor confidence. Initially, the bank issued Rs. 5 billion in Basel III-compliant, Tier 2, listed, rated, unsecured, subordinated, redeemable debentures. Priced at Rs. 100 each, these debentures have maturity