Stock Market

East West Properties PLC Proposes Buyout and Delisting at Rs. 16 Per Share

  • July 30, 2024

East West Properties PLC, under the majority ownership of Nahil Wijesuriya, has announced its intention to delist its shares from the Colombo Stock Exchange (CSE). The decision is pending shareholder and regulatory approvals. In a recent filing with the CSE, the company disclosed that it has arranged for Wijesuriya to buy out shares from investors

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Finance

Overseas Realty Reports Rs. 3.5 Billion Profit for H1 2024

  • July 26, 2024

Overseas Realty (Ceylon) PLC has announced impressive financial results for the six months ending June 30, 2024. The company recorded a Group Revenue of Rs. 3,605 million and a Group Profit Before Tax of Rs. 3,519 million. The appreciation of the Sri Lankan Rupee (LKR) contributed to a net exchange gain of Rs. 1,134 million,

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