Business News

Asian Alliance Insurance PLC (AAI) that is part of the Softlogic Group is pleased to announce profit after tax for the first half of 2014 at Rs 339Million.

Dunamis Capital PLC has made a dynamic start to FY 2014-15, growing its first quarter bottom line more than five-fold over that of the first quarter of the previous year.

Samaposha, the leading cereal brand of Plenty Foods Ltd, a subsidiary of Ceylon Biscuits limited (CBL), recently introduced its newest offering the ‘Samaposha ReadyMix’ to the local market.

Ceylon Biscuits Limited (CBL) confirmed the conglomerate’s superior standing in the local market with five awards including two Golds at the recently concluded National Sales Congress 2014 Awards (NASCO), organised by the Sri Lanka Institute of Marketing (SLIM).

The Richard Pieris Group ended its 1st Quarter on a strong note reporting a growth of 106% in its Net Profit when compared to the corresponding period of the previous year.

Aitken Spence PLC, the country’s leading blue-chip conglomerate has once again reposed its confidence with the country’s national body of accountants, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) by supporting its activities as a lead sponsor for the year 2014/2015.

The National Youth Corps (NYC), together with the BPO Certification Institute (BCI), today announced the launch of the Institute of Business Process Outsourcing (IBPO), Sri Lanka’s first fully-fledged training institute for Business Process Outsourcing.

Offering a double treat to Elephant House ice cream lovers island wide yet again, Elephant House today announced the launch ofits ‘Stick eke luck eka’ consumer promotion for the second year running.

While preparations are underway for AXE Blast 2014 - the biggest blast of the year, AXE fans were treated to a unique virtual reality experience at Majestic City recently.

It gives me pleasure to present the first quarter performance of your Company for the financial year 2014/15. The Group recorded a consolidated revenue of Rs. 7.3Bn, a growth of 20%. Group operating profit closed at Rs. 452Mn while earnings stood at Rs. 247Mn, a decline of 12%.