Business
E M L Consultants lists on the Colombo Stock Exchange
E M L Consultants Limited (EML-N-0000) commenced trading on the Empower Board of the Colombo Stock Exchange (CSE) yesterday. The company listed 90,900,000 Ordinary Voting Shares and has been classified under the Industry Group “2020 – Commercial & Professional Services”.
Commenting on the listing, the CEO of CSE, Rajeeva Bandaranaike congratulated and welcomed the company to the Empower Board. “2021 has been a significant year for the primary market of CSE, in terms of the capital that has been raised, as the exchange has facilitated over 30 new listings amounting to nearly Rs. 100 Bn, surpassing the Rs. 66 Bn of capital that was raised last year.”
Managing Director/Executive Director of E M L Consultants Limited, Avanthi Jayatilake, welcomed the new shareholders via secondary market trading to the company and added, “As an entity representing SMEs in Sri Lanka, I appreciate the work that SEC and CSE have done by creating a dedicated listing platform for SMEs in the country. We chose the path to an introductory listing as opposed to an IPO, because we are more interested in earning the status of a listed company, which will enhance our corporate image and reputation, and that will improve our chances of securing projects internationally, with international donors. And certainly, at a later stage, we may look for further issuances of shares to raise capital when we are ready to move to international competition.
“In conclusion, let me give an insight into the future business plans of the company. We certainly will be moving into the international business area, in the region first and then we can really look into the Pacific as well as the South East Asia. We would also like to compete in all types of infrastructure projects, where we can collaborate with the investors and the development partners. And let me finally invite secondary market investors to purchase shares of E M L Consultants Limited.”
Representing Atarah Capital Partners (PVT) Ltd, Manager to the Introduction and Sponsor of the listing, Managing Director, Rohan Senewiratne noted “There are few unique attributes on this listing. Firstly, there are no companies listed on the CSE, who are operating in the consultancy space. Therefore, congratulations to E M L Consultants Limited for setting the pace and I’m hopeful that other companies will follow suite. Secondly, E M L Consultants Limited is an SME sector company. One would agree that an SME, in its growth stage of business, would want to have an IPO and raise capital. However, EML instead decided to list by way of an introduction. The reason being, their long years of operating history, required that they earn the status of being a listed entity, so that they would be on a better position, when they bid for local and international contracts in the consultancy space. E M L Consultants Limited has a very senior leadership team, spanning over 30 years of experience as described in the introductory document. It is fitting that I also acknowledge the efforts of the CSE and the SEC to bring about the Empower Board which has paved the way for companies like E M L Consultants Limited to list on the empower board of the CSE.”
Dr. R. A. D. Jeewantha was honoured as the Most Innovative Dentist of the Year at the Business World International Awards, 2025. Organised by the Business World International Organisation, the award ceremony was held recently at the Mount Lavinia Hotel. A graduate of the Faculty of Dental Sciences, University of Peradeniya, Dr. Jeewantha has built a reputation as one of Sri Lanka’s most respected and forward-thinking dental surgeons. After gaining vital experience in Government hospitals, including the Teaching Hospital in Karapitiya, he also served at a leading private hospital before launching his own practice—Doctor J Premium Dental Care in Delkanda, Nugegoda.
His dental clinic is known for offering advanced, patient-focused treatments in restorative dentistry, cosmetic procedures, and implantology, using state-of-the-art technology. Dr. Jeewantha is especially skilled in dental implants, having completed the American Residency Course in Dental Implantology at Roseman University, accredited by the American Academy of Implant Dentistry. Dr. Jeewantha holds fellowships from the International College of Continuing Dental Education (FICCDE) and the Pierre Fauchard Academy (USA). His advanced skills include modern root canal treatments using Mineral Trioxide Aggregate (MTA) for both surgical and non-surgical procedures.
He has completed international trainings in digital dentistry, full-arch implantology techniques like All-on-Four and Zygomatic Systems, and smile design using digital 3D scans. He has participated in global dental events such as the Asia-Pacific Dental Congress and completed training at institutions including the University of Manchester and North Western State Medical University in Russia. His courses have covered everything from intraoral scanning to managing tooth wear. He has previously received many local and international awards. Dr. Jeewantha also serves the community as a Justice of the Peace for All Island.
The Foundation in Biological Studies at IIHS provides a unique alternative for students looking to fast-track their health careers after their Ordinary Level (O/L) exams. This programme offers a direct route to global health careers, bypassing traditional A/Ls. With over 1,000 students already advancing to universities in Australia, the UK, and Finland, IIHS has positioned the course as a reliable launchpad for careers in fields like medicine, nursing, biomedical sciences, and digital health. “This programme is a game-changer, offering a transformative journey into global healthcare education,” said IIHS CEO Dr. Kithsiri Edirisinghe.
Seylan Bank has recorded a Profit before Tax (PBT) of LKR 4,199 million in Q1 2025, marking a 13.36% growth compared to LKR 3,704 million in Q1 2024. Profit after Tax (PAT) rose by 20.29%, reaching LKR 2,761 million, up from LKR 2,295 million in the corresponding period of 2024.
Despite a decrease in net interest income by 8.37% due to market interest rate reductions, the bank’s net fee-based income grew by 13.83%, driven by fees from loans, cards, remittances, and other services. Total operating income for the quarter was LKR 11,258 million, a 3.83% decrease from the previous year, while operating expenses rose by 4.62%, largely due to increased personnel and other operating costs.
Impairment charges were significantly reduced by 83.17%, totaling LKR 262 million, reflecting the bank’s solid credit quality and proactive provisions. The bank’s impaired loan ratio improved to 1.98% from 2.10% in Q1 2024, with a provision cover ratio of 80.74%.
Seylan Bank’s total assets grew to LKR 785 billion, with loans and advances reaching LKR 469 billion and deposits totaling LKR 647 billion. The bank’s capital adequacy ratios remained strong, with the Common Equity Tier 1 Capital Ratio at 13.67% and Total Capital Ratio at 17.64%.
In addition to its financial performance, Seylan Bank continued its commitment to education, opening 16 more “Seylan Pahasara Libraries,” bringing the total to 281 libraries across the island.Fitch Ratings upgraded Seylan Bank’s National Long-Term Rating to ‘A+(lka)’ with a Stable Outlook in January 2025, further underscoring the bank’s financial stability and growth trajectory.
A stunning reversal of fortunes in Canada’s historic election
Images of Pope Francis’ tomb released
‘Mass casualty incident’ as car driven into Vancouver street festival
-
Features6 days agoRuGoesWild: Taking science into the wild — and into the hearts of Sri Lankans
-
News5 days agoOrders under the provisions of the Prevention of Corruptions Act No. 9 of 2023 for concurrence of parliament
-
Features7 days agoNew species of Bronzeback snake, discovered in Sri Lanka
-
News5 days agoProf. Rambukwella passes away
-
Business14 hours agoPick My Pet wins Best Pet Boarding and Grooming Facilitator award
-
News7 days agoPhoto of Sacred tooth relic: CID launches probe
-
Opinion6 days agoSri Lanka’s Foreign Policy amid Geopolitical Transformations: 1990-2024 – Part IX
-
Features7 days agoSri Lanka’s Foreign Policy amid Geopolitical Transformations: 1990-2024 – Part VIII