Seylan Bank’s Net Profit Surges 90% in Q4 2024 Amid ISB Restructuring
Sri Lanka’s Seylan Bank PLC reported a 90% increase in net profits, reaching 3.51 billion rupees in Q4 2024, driven by a reversal.
Business
Business
HNB Assurance Group Posts 21% GWP Growth and Strong Financial Performance in 2024
The HNB Assurance Group, consisting of HNB Assurance PLC (HNBA) and HNB General Insurance (HNBGI), recorded a 21% growth in Gross Written Premium.
- February 25, 2025
Bond Yields
Bond Yields Remain Broadly Stable with Minor Movements
Sri Lanka’s bond yields were broadly stable on Friday with minor fluctuations observed across maturities:
- January 24, 2025
Economics
Aitken Spence Reports 10.4% Growth in EBITDA to Reach Rs. 8.9 Billion in 1H25
Aitken Spence PLC, a leading diversified conglomerate, announced a strong financial performance for the first half of the fiscal year 2025. The company.
- November 18, 2024
Finance
NDB Reports Strong Profit Growth Amid Improving Economic Conditions in Sri Lanka
The National Development Bank PLC (NDB) has announced robust financial results for the nine months ending 30 September 2024, highlighting its resilience and.
- November 14, 2024
Finance
JAT Holdings Posts 67% PAT Growth Despite Bangladesh Challenges, Expands Global Footprint
JAT Holdings PLC reported a robust 67% growth in Profit After Tax (PAT) for the first half of FY 2024/25, reaching Rs. 512.
- November 7, 2024
Industry Analysis
Commercial Bank of Ceylon Ranks Second in LMD 100 for 2023-24
The Commercial Bank of Ceylon has achieved the remarkable feat of being ranked second in the ‘LMD 100’ for 2023-24, advancing five positions.
- October 4, 2024
Industry Analysis
Amana Bank Declares Record Dividend for Seventh Straight Year
Amana Bank has declared its seventh consecutive annual dividend, marking its highest payout to date, totaling Rs. 661 million. This represents a significant.
- October 3, 2024
Business
JAT Holdings Achieves 77% Bottom Line Growth in Q1 FY25
JAT Holdings PLC has reported impressive financial results for the first quarter of FY25, with significant growth in both revenue and profit. The.
- August 21, 2024
Industry Analysis
SLT-Mobitel Reports Moderate Revenue Growth and Improved Profitability in 1H 2024
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.
- August 20, 2024