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Sampath Bank surpasses Rs.14 billion mark in Pre-Tax Profit



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Sampath Bank achieved Rs.14.2 billion in Profit Before Tax (PBT) within the first 3 quarters of 2018, 20.3% higher than the PBT of Rs.11.8 billion recorded in the corresponding period in the previous year. This is a significant achievement particularly given the challenging macroeconomic conditions that were seen throughout this period. Profit After Tax (PAT) too grew by 13.6% YoY to reach Rs.9.6 billion for the nine months ended 30th September 2018, as against the Rs.8.5 billion reported for the corresponding period in the previous year.Read More...
 
 

ODEL transaction pushes CSE turnover beyond Rs. 6 billion mark

The CSE   closed 0.21 percent higher yesterday, according to provisional data, with a deal in fashion retailer Odel PLC accounting for a little over 93 percent of the day's  Rs.  6.68 billion- turnover.


Odel gained 10 cen...

ComBank ‘weathers external challenges’ to post strong 9-month results

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Commercial Bank of Ceylon PLC has demonstrated its resilience in adverse conditions, weathering the twin challenges of high taxes and impairment charges to post a healthy growth in most key performance indicators at the end of the third quarter of 2...

CSE and SEC continue stock market awareness drive with latest forum in Gampaha

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The ‘kotas welenda pola: nagarayen nagarayate’ investor forum organized by the Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka (SEC), was concluded at Saketha Madura, Gampaha on 10th Nove...

Dipped Products posts Rs. 553M PBT in 1H 2018/19

Strong gains from performance improvement initiatives in local operations and significant contribution from overseas marketing operations have generated noteworthy profit growth in 1H of 2018/19 for the Dipped Products Group, a global leader in hand...

ADITYA WINS 2019 CONDE NAST JOHANSENS AWARD FOR EXCELLENCE

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The all-suite luxury boutique resort Aditya, which has reiterated an impressive presence in the country’s luxury boutique resort hospitality space since 2005, added to its global laurels with a prestigious 2019 Condé Nast Johansens Award f...

People’s Merchant ‘steps towards sustainable future’

People’s Merchant Finance PLC (PMF) successfully accomplished profits from mid-2018 onwards after 6 years of loss making. The strategic direction introduced by CEO and the corporate management with the guidance of the chairman and the board of di...

May faces Cabinet as Brexit deadline looms

AFP Prime Minister Theresa May on Tuesday faced her divided ministers as negotiators scrambled to secure a divorce agreement with the European Union and anxiety mounted over the risk of a no-deal Brexit.


May said Monday her government was w...

Arpico recognizes outstanding performances of hardware dealers

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Renowned among Sri Lanka’s largest business conglomerates as a market driven and technologically oriented diverse group, Arpico recently hosted a gala event for its top dealers in the hardware sector for the 6th consecutive year at The Blue Wa...

JLanka Technologies claims yet another duo of awards at Techno Sri Lanka 2018

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The pioneering solar energy provider of the Indian Ocean nation, JLanka Technologies proudly claims the spotlight at the Techno Award Night. Their endeavours at the Techno Sri Lanka 2018 were validated with much honor upon the entitlement of 2 awards a...

Cilt conducts successful Road Show at Trelleborg

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The Chartered Institute of Logistics and Transport (CILT) Sri Lanka held its third membership drive for the year 2018 at Trelleborg in Sapugaskanda on October 19. Chairperson, CILT Sri Lanka, Ms. Gayani de Alwis, CMILT, H. A. Premaratne, FCILT and Cham...

 
 
 
 
 
 
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