Business News

Dipped Products Group Posts Improved Performance

Wednesday, 12 February 2020 15:50

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.

The focus of the centenary celebrations of the Commercial Bank of Ceylon moved to Kandy recently when the Bank engaged in a tree planting project in the hill country capital to mark the milestone.

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.

Softlogic Information Technologies, one of the leading software and hardware solutions providers in the country together with Syntrex Global Technologies, recently introduced a new open source software, EnterpriseDB (EDB), a database platform developed by Enterprise Postgress Company.

Leading finance company HNB FINANCE broadened the platform for female entrepreneurship in Sri Lanka by hosting the Women’s Financial Forum of the International Conference on Women Entrepreneurship at Marino Beach Hotel in Colombo recently.

International Finance of the UK recently presented the awards for ‘Best Domestic Bank’ and ‘Best Corporate Bank’ in Sri Lanka in 2019 to Commercial Bank of Ceylon at an awards gala at the Jumeirah Emirates Towers hotel in Dubai.

An initiative to restore and maintain fifty hectares (123.5 acres) of land owned by the Department of Forest Conservation in the Puttalam range is being supported by Ceylinco Life in collaboration with the University of Kelaniya, as part of the life insurance leader’s commitment to the environment and its effort to achieve zero carbon emissions status.

Mobitel and Thuru’s joint project - ‘Reforestation through Technology’ - has been shortlisted for the ‘Best Mobile Innovation for Climate Action award’ at GSMA Global Mobile Awards 2020, popularly known as the GLOMO Awards, scheduled to be held in Barcelona in February 2020, where winners will be announced.

AkzoNobel Paints recently kicked-off its activity in Sri Lanka as part of its partnership with SOS Children’s Villages, where employees volunteered to visit the SOS Village in Monaragala for a fun-filled day which involved the painting of an entire family home, the donation of paint for the rest of the Village, as well as enjoyable activities for the children.