People’s Bank Records Rs. 6.4 Billion PAT for Q3 2024, Reflecting Strong Performance
People’s Bank has reported a profit-after-tax (PAT) of Rs. 6.4 billion for the third quarter of 2024, despite the challenging macroeconomic environment in.
Finance
Finance
Hela Apparel Holdings Reports 36.5% Revenue Growth in Q2 FY25
Hela Apparel Holdings PLC has reported a remarkable financial turnaround for the second quarter ending 30 September 2024, marking the return to operating.
- November 18, 2024
Finance
Asia Asset Finance Posts Rs. 115.7 Mn Earnings in Q1 2024, Achieving 109.75% Growth
Asia Asset Finance PLC (AAF), a leading financial institution and subsidiary of global giant Muthoot, posted outstanding financial results for the first quarter.
- August 30, 2024
Finance
Ceylon Electricity Board Reports Rs.34.35 Billion Profit for 2Q24 Amidst Tariff Reductions
Ceylon Electricity Board Reports Rs.34.35 Billion Profit for 2Q24 Amidst Tariff Reductions The state-run Ceylon Electricity Board (CEB) announced a significant profit of.
- August 22, 2024
Finance
Dialog Axiata Reports Decline in Revenue and Profit for June Quarter
Dialog Axiata PLC’s performance for the quarter ending June 2024 was disappointing, with a decline in revenue and increased overhead costs impacting the.
- August 14, 2024
Finance
DFCC Bank Sells Sovereign Bonds, Records Provision Reversal
DFCC Bank has reported a partial sale of its Sri Lankan sovereign bond holdings, resulting in a loss of 2.17 billion rupees. This.
- August 12, 2024
Economics
Tokyo Cement Group Begins FY24/25 with Mixed Results but Positive Outlook
Quarterly Financial Review Tokyo Cement Group reported a turnover of Rs. 11,665 million for the first quarter ended 30 June 2024, marking a.
- August 9, 2024
Finance
Sampath Bank Reports 45% Increase in PAT for 1H 2024
Sampath Bank announced a significant financial performance for the first half of 2024, with a 45% increase in profit after tax (PAT) to.
- August 9, 2024
Industry Analysis
Hemas Holdings Posts Rs. 25.5 Billion Revenue for FY25 Q1 Amid Economic Challenges
Hemas Holdings PLC has reported a consolidated revenue of Rs. 25.5 billion for the first quarter of FY25, ending June 30, 2024. Despite.
- August 1, 2024
Stock Market
East West Properties PLC Proposes Buyout and Delisting at Rs. 16 Per Share
East West Properties PLC, under the majority ownership of Nahil Wijesuriya, has announced its intention to delist its shares from the Colombo Stock.
- July 30, 2024