Lanka Hospitals achieves record gains since January 2015

?Lanka Hospitals has reported an outstanding performance in the first half of their current financial year, with an 81 percent increase in group profits before tax. 

Laugfs Oil sponsors VIAL International Business Conference

?Laugfs Lubricants sponsored the recently concluded International Business Conference 2015 as the main title partner of the event. 

SSESL to hold conference to mark Silver Jubilee

The Society of Structural Engineers Sri Lanka (SSESL) is celebrating its silver jubilee with a commemorative International Conference on Structural Engineering with the theme “Towards Excellence in Structural Engineering”.

Koala’s Kandy showroom offers modern contemporary themes

?Reaffirming its premier position in offering an eclectic selection of stylish interiors and exquisite décor, Koala (Pvt) Ltd launched its first ever retail branch in Kandy recently. Koala (Pvt) Ltd is a subsidiary of Ceyoka, a Sri Lankan diversified company.

Diversified Hayleys posts Rs.522mn net profit for June quarter

?Sri Lanka’s diversified Hayleys PLC saw its consolidated net profit for the June quarter (1Q16) increasing 42.5 percent year-on-year (YoY) to Rs.522.7 million despite a revenue drop, the interim accounts released to the Colombo Stock Exchange showed.

Buffet’s Berkshire to buy aircraft component maker for US $ 32bn

REUTERS: Warren Buffett’s Berkshire Hathaway Inc. agreed to buy aircraft components maker Precision Castparts Corp in its biggest deal ever.

Top Honeywell officials here on fact-finding mission

A fact-finding mission of the global giant Honeywell International Inc. (Honeywell) visited Sri Lanka last week to assess the country as a destination for long-term investments and found the situation pleasing.

Discussion on UNF’s economic action plan today

?The Industry and Commerce Forum will today host a discussion on the action plan launched by the United National Front (UNF), specifically relating to the economy, business and industry.

Shares hit over 6-mth closing high on telecom, large-caps

?REUTERS: Shares erased early losses to close at a more than six-month high on hopes of political stability after the August 17 parliamentary elections and better corporate earnings in the April-June quarter, brokers said.

Royal Ceramics profits shoot up over 200%

?Royal Ceramics Lanka PLC (RCL), which controls Sri Lanka’s ceramic tile manufacturing having bought over the rivals, said its June quarter (1Q16) net profit rose 249 percent year-on-year (YoY) to Rs.562.3 million.

Aitken Spence 1Q affected by energy sector loss and downturn in Maldives

Diversified blue-chip conglomerate Aitken Spence PLC’s financial results released to the Colombo Stock Exchange reported a pre-tax profit of Rs.732 million for the first quarter, while the group’s profit attributable to the shareholders of the parent was Rs.420 million, down from Rs.747 million. 

CMA Sri Lanka recognizes Hayleys Fabric

Hayleys Fabric PLC received the certificate of merit from the Institute of Certified Management Accountants of Sri Lanka...

Serendib Flour Mills marks seven years of nourishing the nation

?Serendib Flour Mills (SFML) recently celebrated seven years of success since it first introduced its ‘7 Star’ range of wheat flour to the local market. 

Fashion Bug receives Platinum Dealer Award

Fashion Bug , one of Sri Lanka’s largest retail clothing chains, was recognised as a Platinum Dealer of Rainco at the Rainco Platinum Award Ceremony held at Colombo Hilton recently.

Suren Cooke Agencies conducts training programme on safe use of pest control products

?Suren Cooke Agencies announced that it is one of the official distributors and strategic partners of Sumitomo Chemical Products in Sri Lanka.

Abans first to offer 10-year warranty on compressors of LG inverter air conditioners

?Abans have just introduced an amazing 10-year warranty on the Inverter Compressor of all LG Inverter Air Conditioners.

Keells adds flavour to Culinary Art Food Expo 2015

?Culinary Art Food Expo 2015 this time showcased a plethora of best local and international culinary expertise.

DVB 2Q net slows amid higher impairments and overheads

DFCC Vardhana Bank PLC (DVB) posted a net profit of Rs.299.2 million for the quarter ended June 30, 2015 (2Q15), up 3.6 percent from the same period last year, amid higher allowances for bad loans and other losses and overheads...

Sri Lanka “Maritime Week” declared

?The government of Sri Lanka for the very first time has declared a “Maritime week” in Sri Lanka from 21st to the 27th September 2015 in line with the World Maritime Day that falls on the 24th September 2015. 

Aggressive rent evasion costs UDA

A significant portion of clients of the Urban Development Authority (UDA) have not been paying their rent this year by leveraging the ongoing political uncertainty, a top UDA official said. 

Dialog delivers!

Sri Lanka’s leading mobile telecommunications services provider, Dialog Axiata PLC saw its net profit for the quarter ended June 30, 2015 (2Q15) growing 12 percent to Rs.1.9 billion from a year ago, with earnings per share of 23 cents.

Dipped Products June net dips 43%

Dipped Products PLC (DPL), a non-medical glove manufacturer controlled by Hayleys group saw its June quarter (1Q16) net profit falling as much as 43 percent year-on-year (yoy)...

Gates richest in tech, as Bezos rises

AFP - Microsoft’s Bill Gates was the unsurprising leader of the first Forbes list of the richest global tech billionaires, while Amazon founder Jeff Bezos saw his personal fortune surge.

Debris find ‘real boost’ to Australian MH370 searchers

AFP - The discovery of a Boeing 777 wing part on a remote Indian Ocean island was a “real boost” to experts scouring treacherous seas for missing plane MH370, Australia’s search chief said yesterday.

Oil prices set to continue multi-week decline

?AFP - Oil prices looked set to continue a multi-week decline in Asian trade yesterday on concerns over a global oversupply of crude and mixed prospects for energy demand.

Rupee steady; state bank dlr sales offset importer demand

?REUTERS - The Sri Lankan rupee traded steady yesterday as a state-run bank, through which the Central Bank usually directs the market, sold dollars at a flat rate of 133.75 despite importer demand for the greenback, dealers said.

Sri Lanka Ports Authority marks 36th anniversary

Sri Lanka Ports Authority (SLPA) celebrated the 36th anniversary recently. A special function was held at the ‘Sri Sambuddajayanthi Chaithya’ premises in commemoration of the event 

Major banks back first luxury apartment development in Kandy

?Developers of Dynasty Residence, GVR Lanka (Pvt.) Ltd funded by the Serendib Investment Group from USA has foreseen these development opportunities and pioneered the first ever integrated development project in Kandy with a Luxury Condominium and a Star-Class Hotel. 

Asia stocks mixed ahead of US jobs data

Asian stocks were mixed yesterday as investors awaited the release of US jobs data, while the Bank of Japan held fire on a fresh round of stimulus.

Microsoft Lumia Wonderland with Mobitel rewards weekly winners

The national mobile service provider Mobitel in partnership with Microsoft rewarded 10 Mobitel and Lumia smartphone customers a range of valuable prizes through the weekly draw.