Ceylinco Life has ended 2019 on a characteristically strong note, with consolidated income of Rs 32.1 billion for the 12 months ending 31st December 2019, reflecting top line growth of 9.9 per cent.
Sampath Bank’s Board of Directors has recommended a final cash dividend of Rs 11.75 per share to be paid for the financial year ended 31st December 2019 subject to the approval of the shareholders at the Annual General Meeting to be held on 30th March 2020.
Sri Lankans can now open a securities account instantly with their Stock broker under a new decentralization program by the Central Depository Systems (CDS) eliminating the need to forward application forms and connected documents to CDS and wait for the CDS to open the account and confirm to the stock Broker and for the stock broker to notify the account holder.
Commercial Bank of Ceylon Chairman Mr. Dharma Dheerasinghe was the Chief Guest and keynote speaker at ‘New Horizons’ – a special programme organised by the Kuwait Chapter of Sri Lankan Chartered Accountants to promote Sri Lanka as a land of opportunities.
Boosted by the divestment of its tea plantations, diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported notable growth in bottom-line performances during the first nine months of the current financial year (9MFY20).
Sri Lanka’s leading medium sized conglomerate reputed for its market dominance in the areas of financial services, manufacturing, real estate, technology and strategic investments, Ambeon Holdings PLC recorded a revenue of 15.9 Bn at group level compared to the 13.4Bn achieved during the corresponding period of 2018/19, resulting in a growth of 18%.
The Hayleys Group, Sri Lanka’s most diversified conglomerate demonstrated strong resilience in the 3rd quarter of 2019/20 to achieve a 41% growth in profit-after-tax.
The Commercial Bank of Ceylon has announced it will keep 70 branches open for business on Friday, 21st February, a Public and Bank holiday to mark the celebration of Mahasivarathri.
Hayleys Group’s subsidiary Dipped Products PLC (DPL), a leader in the global hand protection glove market, reported Rs. 23.2 billion Group turnover for the nine months ending December 2019.
The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 17.6 billion and profit before tax of Rs. 1,578 million for the nine months ending 31st December 2019.
Sri Lanka's most innovative private sector bank HNB PLC, once again consolidated its reputation for banking excellence when it bagged the Best Retail Bank in Sri Lanka and Best Micro Finance Bank in Sri Lanka Awards for the second consecutive year at the International Finance Awards 2019.
