Business News

The CMPort managed Colombo International Container Terminal (CICT) was adjudged the Best Container Terminal in Asia in the Under 4 million TEUs category at the respected Asian Freight, Logistics and Supply Chain (AFLAS) Awards, bringing pride to Sri Lanka’s Ports sector.

MillenniumInformation Technologies (Pvt) Ltd (MillenniumIT ESP), one of Sri Lanka’s leading information systems solutions providers, has gone live on Oracle Enterprise Resource Planning (ERP) Cloud to help simplify its business processes and increase visibility into its financial operations.

Sri Lanka’s leading private hospitals multi-chain Hemas Hospitals organized a number of activities for this year’s Vesak celebrations on a grand scale, including the lighting of colourful lanterns, dhamma sermons, a pirith ceremony and dansals.

Teejay Lanka, one of the region’s largest textile manufacturers, has announced a doubling of capacity of its Indian mill, following the completion of an expansion project involving an investment of US$ 15 million (more than Rs 2.3 billion at current rates).

Sri Lanka’s most inspiring leadership and management professionals were accoladed at the inaugural Great Manager Awards (2017), held at the Kingsbury Hotel.

Less than 10 per cent of investors in Sri Lanka’s luxury residential property developments are foreigners because purchase of residential property is not as yet linked to residency privileges, the internationally-acclaimed global leader in Business Intelligence Oxford Business Group (OBG) reported recently.

The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 15.5 billion, profit before tax of Rs. 926 million and profit after tax of Rs. 774 million for financial year 2017/18.

Turret, a top designer outlet that specializes in the sale of luxury watches, writing instruments and leather accessories for high-end customers recently initiated a special promotion at their new store at the World Trade Centre (WTC).

HNB Group records Rs 7.2 Bn PBT in Q1

Friday, 18 May 2018 04:17

HNB posted a strong start to 2018 with first quarter PAT growing by 22.5% to Rs 4.5 Bn, while the Group reported a PAT of Rs 5 Bn which is a 24% growth from last year.

Commercial Bank of Ceylon PLC has reported profit before VAT and NBT of Rs 7.677 billion and profit before tax of Rs 6.337 billion for the first quarter of 2018, with growth of 21.07% and 21.36% respectively signalling an exceptionally strong start to the financial year 2018.