Business News

Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported top-line performance growth of 5.7% YoY to stand at Rs.10.9 billion for the six months period ending 30 September 2018 (1HFY19).

The only authorised General Distributor for Mercedes-Benz in Sri Lanka, Diesel & Motor Engineering PLC‘s, DIMO 800 – The Mercedes-Benz Centre of Excellence, has been certified asa Level 4 Body & Paint repair facility in South East Asia (SEA) by Daimler AG MS/OCC Accident Management – Body & Paint Facility Assessment.DIMO is the first General Distributor in South East Asia to receive this certification.

HUAWEI has announced the launch of its innovative smartphone series featuring the world’s first 7 nm chipset Kirin 980, Mate 20 series in Sri Lanka.

Longtime Lankan Angel Network (LAN) member Murali Sundar, through his Canada-based multinational company Marcatus QED Inc, has signed on as the Platinum Sponsor for Geek Challenge (YGC) Season 7, which concludes with a Grand Finale in Colombo on November 17, 2018.

Capital Alliance Partners Limited (“CAL”) successfully advised Hemas Hospitals (Pvt) Ltd on the sale of its subsidiary Hemas Southern Hospital (Pvt) Ltd (“Hemas Southern”) to Asiri Hospital Holdings PLC (“Asiri”), a giant in the healthcare sector with a chain of hospitals and laboratories around the country.

A focus on its fundamental logistics business has enabled Expolanka Holdings PLC to post promising growth for the second quarter of 2018, with a Year on Year (YOY) revenue growth of 15%.

Lamudi Lanka Private Ltd, the premier online real estate marketplace in Sri Lanka, has recently launched a Property Guide page, as a part of the company’s efforts to increase understanding about the Sri Lankan property market., Sri Lanka’s largest online marketplace has expanded its holiday offering, partnering, the world leader in booking accommodation online, connecting travelers with the widest choice of incredible places to stay.

The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 8.9 billion and profit before tax of Rs. 502 million for the six months ending 30th September 2018.

Sri Lanka’s premiere retail bank, HNB PLC announced a new partnership with the sole authorized agents of Audi in Sri Lanka, Drive One (Pvt) Ltd to offer special deals for customers of the bank who are aspiring Audi owners.