Business
Piramel Glass Ceylon shares up 25 per cent

By Hiran H.Senewiratne
Piramal Glass Ceylon, the only glass bottle manufacturing company in Sri Lanka, witnessed exceptional second quarter results which boosted its share price by 25 percent at the CSE yesterday. The company’s second quarter profits recorded a 394 percent increase as against the corresponding year, stock market analysts said.
The company’s second quarterly results reported a profit of Rs. 360 million, against a profit of Rs. 70 million for the 2019 second quarter. Its shares started trading at Rs. 7 and at the end of the day it suddenly shot up to Rs. 8.80, which was a Rs. 1.80 increase, market sources said.
Meanwhile, turnover and trade at the CSE soared to new heights as investors, especially retailers and high net-worth individuals, remained upbeat on listed equities, despite a fresh COVID-19 scare in the country.
Turnover rose to Rs. 5.5 billion, the highest since January 9 this year and 33 percent above Monday while the number of trades was 40046, the highest since September 5, 2011. Both indices moved upwards yesterday; the All Share Price Index went up by 87.16 points and S and P SL20 rose by 56.19 points.
During the day four crossings took place. Vallibal Power Erathna 30 million shares crossed for Rs. 240 million, its share price traded at Rs. 8, Sierra Cables 15 million shares crossed for Rs. 90 million, per share value Rs. 6, Royal Ceramic 200,000 shares crossed for Rs. 23.2 million, per share value being Rs. 116 and Tokyo Cement 315,000 shares crossed for Rs. 20.2 million; its share price trading at Rs. 64.
In the retail market top five companies that mainly contributed to the turnover were, JKH Rs. 713 million (5.4 million shares traded), Piramal Glass Rs. 570 million (66.4 million shares traded), Pan Asia Power Rs. 474 million (606 million shares traded), Expolanka Rs. 434 million (25.8 million shares traded) and Sierra Cables Rs. 237 million (38.2 million shares traded). During the day 465 million share volumes changed hands in 40048 transactions.
It is said that indices closed in red as a result of price losses in counters such as Carson Cumberbatch, JKH and Ceylon Cold Stores.It said mixed interest was observed mainly in Expolanka Holdings, RIL Property and Piramal Glass. Foreign participation in the market remained at subdued levels with foreigners closing as net buyers. Similarly, institutional investor participation remained subdued for the day.The Materials sector was the top contributor to the market turnover (due to Piramal Glass and Tokyo Cement Company non-voting), while the sector index gained 6.59 percent.
Sri Lanka rupee was quoted weaker at 184.45/60 to the US dollar on Wednesday while bond yields were steady, dealers said. The rupee closed at 184.30/40 against the greenback on Tuesday.
Business
From import to export – Finch Foods expands international retail presence to Australia

Finch Foods – pioneering Sri Lankan FMCG brand – is furthering its international expansion with the launch of its retail presence in Australia. The move marks yet another turning point for the homegrown company, following four international market launches under the Finch Foods brand within the space of just three years, a company news release said on Wednesday.
This milestone entry includes a dedicated e-commerce site, a listing on Amazon AU, and ongoing discussions with major supermarket chains, specialty stores, and distributors. Australian consumers can now access Finch Foods’ extensive portfolio of high-quality signature spices and seasonings, coconut products, gluten-free flours, ayurvedic and herbal products, and natural food colourings that showcase the rich variety and distinctiveness of Sri Lankan ingredients, it said.
“Australia has always been a key market for Finch Foods – one with immense potential to enter, develop, and scale,” says Fawaz Fassi, Founder & Managing Director of Finch Foods. “This expansion reflects the growing global demand for authentic Sri Lankan heritage ingredients, and we are excited to bring our unique offerings to Australian consumers.”
Founded in 2015 as a 100 per cent import-driven company, Finch Foods entered the food industry by becoming the exclusive agent for renowned international brands such as Bragg Live Foods (USA), The Berry Company (UK), Kewpie (Japan/Malaysia), Cornish (UK), Pokka (Singapore), and Nando’s Grocery; bringing superior flavours and ingredients from around the world to Sri Lankan consumers.
However, the global pandemic followed by local economic instability severely tested this business model, and in just a few years since inception, it was time for the company to rethink its operations. In 2022 Finch Foods set its sights outwards by looking inwards; having discovered that there was a wealth of incredible spices, herbs, and ingredients to be found right here in Sri Lanka – robust and nuanced flavours that would surely intrigue culinary tastebuds from around the world.
“As a pioneer in culinary innovation, our vision is to harness the rich and diverse culinary tradition of Sri Lanka while also bridging the growing disconnect between food and its heritage,” Fassi adds. “At Finch Foods, we recognized the need to add unique value to our products—offering new and exciting options for consumers while distinguishing ourselves from more traditional exporters in the market.”
In 2023, Finch Foods celebrated the opening of its first independent store in Havelock City Mall, Colombo, and expanded its international footprint; establishing a retail presence in Hong Kong, the Czech Republic, and Canada, becoming a key supplier to Japan, and securing a partnership with global retail giant Lulu Group in the UAE. This shift to exports has allowed the company to adapt to different market requirements, leveraging its wide product range to remain flexible in catering to diverse consumer needs.
“As Finch Foods continues to expand its distribution network and strengthen its presence in Australia, the company is also poised to to focus on accelerating its global expansion, breaking into new markets, while also further diversifying its product portfolio,” the release concluded.
Business
Dearo Investment partners with Ceylinco General Insurance to enhance customer benefits

Dearo Investment Pvt. Ltd. has signed an MoU with Ceylinco General Insurance to provide an insurance scheme for its customers. Under this agreement, every customer who transacts with Dearo from anywhere in the country will receive insurance coverage. The MoU was officially signed on 26 Feb, 2025. The signing ceremony was attended by key representatives from both organisations. Dearo Investment was represented by Chief Executive Officer and Managing Director Prasanna Sanjeewa and Chief Operating Officer Niranjan Warnasooriya, while Ceylinco General Insurance was represented by General Manager S. Thilakesh, Assistant General Manager V.K. Gunathilaka, Area Sales Manager N.G.C. Gunarathna, and Senior Marketing Executive Keshara Hasun. Dearo Investment has flourished as a trusted name in the financial sector with its highly experienced Board of Directors, including Prabash Gunaratne, Upul Edirisuriya, Tharindu Dhananjaya Samarawickrama, Niranjan Warnasooriya, and Thilini Kalhari Ekanayake.
Business
The Residencies Kotte by ICC nears completion ahead of schedule

The Residencies Kotte by ICC is making remarkable progress, moving ahead of schedule towards completion (December 2025). With ICC’s proven track record of on-time delivery and availability running low, this is a rare opportunity to invest in a home that blends modern luxury with a thriving community, said a release.
It said: Now in its final phase, key milestones are being completed at an accelerated pace. From the striking façade to the finishing touches within each apartment, every element is meticulously crafted to meet ICC’s highest standards.
As The Residencies Kotte nears completion, demand has surged. With all two-bedroom apartments already sold out, only a limited number of three-bedroom units remain available. This overwhelming response is a testament to the unmatched value, world-class amenities, and most importantly, the prime location. Nestled in the heart of Kotte, this development offers unparalleled convenience—situated in a highly sought-after neighbourhood that seamlessly blends urban connectivity with the tranquillity of a well-established residential area.
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