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
On 14th October, Samsung Sri Lanka and Singhagiri made waves in the tech world by launching their new flagship showroom at R.A. De Mel Mawatha in Colombo. The event marked a new chapter in the enduring 40-year partnership between the two industry leaders, with Singhagiri continuing its 52-year legacy of providing cutting-edge technology to Sri
LTL Holdings, one of Sri Lanka’s leading power conglomerates, announced plans for an Initial Public Offering (IPO) to raise Rs. 16 billion, marking the largest IPO in Sri Lankan history. The offering comes with a greenshoe option to extend the total to Rs. 20 billion. CEO Nuhuman Marikkara stated that Rs. 13.5 billion of the
Digital Mobility Solutions Lanka Limited, the operator of Sri Lanka’s popular PickMe ride-hailing app, is set to go public, according to an announcement by the Colombo Stock Exchange (CSE). The initial public offering (IPO) will involve the sale of 43.34 million shares by existing shareholders at a price of 36 rupees per share, aiming to