Finance

Dialog Axiata Reports Decline in Revenue and Profit for June Quarter

  • August 14, 2024

Dialog Axiata PLC’s performance for the quarter ending June 2024 was disappointing, with a decline in revenue and increased overhead costs impacting the group’s operating results. The company reported a revenue of Rs. 40.9 billion for the April–June period, marking an 11.7 percent decrease compared to the same quarter last year. The drop in revenue

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Economics

Oversupply Pressures Ceylon Grain Elevators’ Profits in Q2

  • August 9, 2024

Ceylon Grain Elevators PLC (CGE), Sri Lanka’s leading poultry producer, reported a decline in both revenue and profit for the second quarter of 2024 due to an oversupply of chicken, which led to lower prices and reduced volumes. Despite this, demand for feed and Layer Day Old Chicks (DOCs) remained stable, supported by consistent demand

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