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Chrissworld rings the bell to celebrate their achievement after being listed on the CSE Empower Board

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Podium Participants (L-R) CSE CEO, Rajeeva Bandaranaike, CSE Chairman, Dilshan Wirasekara, Chrissworld PLC Chairman, Christopher A Perera, Chrissworld PLC, MD/CEO Suraj Suraweera, Chrissworld PLC Executive Director, Sithira Wickramasekera and Atarah Capital Partners MD, Rohan Senewiratne. 

Chrissworld PLC rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) on the 30th August 2022 to celebrate their remarkable achievement after being listed on the Empower Board of the CSE.

Representing Chrissworld PLC, the Chairman Christopher A. M. Perera, the CEO/Managing Director, Suraj Suraweera, Executive Director Sithira Wickramasekera, and the Manager to the Issue and Sponsor, Atarah Capital Partners Managing Director, Rohan Senewiratne, were present at the event. The CSE was represented by the Chairman, Dilshan Wirasekara, the CEO, Rajeeva Bandaranaike, and its senior management.

While congratulating Chrissworld PLC for the Company’s milestone, the Chairman of the CSE, Mr. Dilshan Wirasekara stated, “Chrissworld PLC has set an example for other SMEs by showing the achievement the company gained by listing on the CSE; accessing the capital and scaling up the business and growing, which is the dire need of the economy in Sri Lanka today.”

In terms of the company’s overseas business expansion plans. Mr. Wirasekara added, “Export companies are really the backbone that keeps this economy growing today and that CSE could also play a part in that growing path and assist in the capital raising needs of the company.”

Speaking at the ceremony, Chrissworld PLC Chairman, Mr. Christopher A.M. Perera, thanked and appreciated the CSE for the opportunity given to list their company on the Empower Board of the CSE.

“Before the listing took place, we had a lot of concerns, but after much deliberation, we were convinced this is a good move.” Mr. Perera added, “The biggest challenge we had was funding; the financial cost was a huge challenge. Divesting shares to the public tremendously helped us to reduce our interest cost. Had we not gone for listing, we may have been severely impacted by the current interest rates. We have doubled our profits from 2021 to 2022 even though the economic conditions in the country are not very conducive for growth.”

“Further because of the PLC status we gained a lot of recognition and admiration, locally as well as internationally; We have got opportunities where companies want to invest with us.” He also mentioned that countries like China and India are interested in Sri Lanka’s logistics industry and that Sri Lankans must put their hand up to grab potential opportunities.

He further added that Sri Lanka needs revolutionary innovations in logistics and Chrissworld PLC is committed to be a part of that revolutionary change. He expressed his confidence in Mr. Suraj Suraweera, the Managing Director and his team to take the company on a rapid growth path.

Commenting on the company’s milestone, the Manager to the Issue of the IPO, Atarah Capital Partners Managing Director, Mr. Rohan Senewiratne, said, “Chrissworld PLC successfully outperformed our valuation forecasts that were depicted in the Research Report of the Prospectus. The topline forecast for FY 20/21 was LKR 237 million whereas Chrissworld PLC ended up with LKR 264 million turnover, whilst the net profit forecast was outperformed by 40%. This was amidst COVID-19 related lengthy lockdown in the country. In FY 21/22, yet again the topline forecast was outperformed by 80% and the net bottom line forecast was outperformed by 32%.”

While congratulating on the company’s achievement, Mr. Senewiratne also added that Chrissworld answered the critics very well; that SMEs should not be listed in the CSE and they should depend only on banks for funding. He further said “following the path of Chrissworld PLC, three more SMEs successfully listed on the “Empower Board” during FY 21/22. I believe more SMEs will take this path in the future, to raise equity capital rather than solely depend on debt capital.”

He also mentioned that it was a great privilege for Atarah Capital Partners to list the first company on the Empower Board of the CSE and also emphasized the importance of Sri Lanka recommencing State Development Banking to support the SME sector which accounts for over 60% of the GDP.

Chrissworld PlC is a member of the Chartered Institute of Logistics & Transport, Sri Lanka, managing over half a million square feet of space. The company is renowned in the industry for its dynamism and above-par warehouse management processes.



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HNB Finance bags 2 CMA Reporting Awards 2025

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Prof. Ho Yew Kee presents the award, while Rajeeva Bandaranaike hands over the certificate to the HNB Finance team. Featured (right to left): Thushara Jayasekara – Chief Manager / Head of Corporate Planning & Analytics; Randula Munindradasa – Assistant Manager Planning & Analytics; Sandakelum Jayathunga – Senior Manager – Financial Reporting; Maheshika Samarakoon – Manager – Strategy Implementation & Reporting

HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.

At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.

The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.

Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”

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ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises

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Mithila Shyamini, Assistant General Manager – Personal Banking at Commercial Bank and Jude Fernando, Chief Executive Officer of the National Credit Guarantee Institution exchange the agreement in the presence of representatives of the two organisations

The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.

The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.

Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.

‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.

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Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations

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Defence Secretary Air Vice Marshal (Retd) Sampath Thuyacontha receiving the donation from Sajith Gunaratne - General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera - General Manager of Ceylon Grain Elevators PLC

Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.

As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.

The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.

Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.

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