Billion Archives

March 27, 2024

BANGKOK, THAILAND – Media OutReach Newswire – 26 March 2024 – Central Department Store, under Central Retail Corporation, has announced a substantial investment of 4 billion baht to transform Central Chidlom into “The Store of Bangkok.” Aspiring to establish itself as a luxury department store, it endeavors to provide customers with a comprehensive “One-Stop-Shopping” experience. Setting new […]

February 27, 2024

Colombo, Sri Lanka – February 19th, 2024 – The Würth Group, a global leader in assembly and fastening materials, has achieved a historic milestone with annual sales exceeding EUR 20 billion for the first time in its corporate history, according to its preliminary financial statements for the 2023 fiscal year. Despite global economic and political […]

February 22, 2024

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Accelerated lending sees loan book grow by Rs 56.8 billion in 3 months Deposits surge by Rs 109.4 billion in final quarter 12-month gross income up 21.82% to Rs 341.6 billion The Commercial Bank of Ceylon Group lent Rs 56.816 billion in the fourth quarter of 2023 at a monthly average of Rs 18.939 billion […]

February 14, 2024

Consolidated revenue of Rs.42.4 billion, up 9.9% Healthcare revenue up 19.3% YoY to Rs.21 billion February 13, 2024: Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) has recorded a consolidated revenue of Rs.42.4 billion during the first nine months of the current financial year (9MFY24). Amidst the backdrop of a moderately stable macroeconomic conditions, […]

January 29, 2024

Litro Gas Lanka Ltd., Sri Lanka’s leading LP Gas provider, has recently declared an impressive contribution of Rs. 3 billion (3,000mn) in dividends to the Sri Lankan government treasury through its primary shareholder, Sri Lanka Insurance Corporation. This consists of Rs. 1.5 billion made in October 2023 and another Rs. 1.5 billion paid on 26th […]

December 13, 2023

The Commercial Bank of Ceylon has raised Rs 12 billion in capital with its Debenture issue closing after over subscription on its opening day, Tuesday 12th December 2023. The Bank offered an initial issue of 60 million Basel III Compliant – Tier 2 Listed Rated Unsecured Subordinated Redeemable Debentures with a Non-Viability […]

December 1, 2023

Colombo, Sri Lanka – December 1, 2023: Sri Lanka’s fastest-growing digital payment brand, HelaPay, announced that it has crossed Rs. 1 Billion in total transactions through its innovative payment method. This landmark milestone underscores Helapay’s rapid ascent in the local financial technology sector, having accomplished this feat in just two years since its […]

November 30, 2023

30th November 2023: BPPL Holdings PLC, a leading player in the brushware and filament export manufacturing industry, was awarded by Forbes Asia as “Asia’s Best Under a Billion” for the year 2021. The award ceremony took place on the 21st of November ’23 in Manila, Philippines. Forbes Asia’s “Best Under a Billion” award recognises […]

November 14, 2023

Co-operative Insurance Company PLC reports total assets valued at Rs. 10 billion at the end of third quarter in 2023 Established in 1999 with the primary objective of extending insurance coverage to the rural population of Sri Lanka, Cooperative Insurance PLC has emerged as a prominent player in the insurance sector, garnering […]

November 10, 2023

Hemas Holdings PLC (HHL) delivered resilient results in the first six months of the financial year 2023/24 to post a cumulative Group revenue of Rs. 59.0 billion, a 13.5 per cent growth over previous year. Amidst the increasing strain on operating expenses, the Group’s operating profit and earnings for the period experienced […]

Central Department Store, under Central Retail, Massively Invests Bt 4 Billion to Transform Central Chidlom to a Luxury Department Store, “The Store of Bangkok”

Würth Group Surpasses EUR 20 Billion in Global Sales; Sri Lanka Welcomes New CEO

ComBank stays on growth trajectory in 2023 with notable Q4 performance

Strong sector performances propel Sunshine Holdings’ earnings by 44.2% to Rs. 5.5 bn

Litro contributes Rs. 3 billion to the Treasury; growth trajectory expected to continue in 23/24

ComBank raises Rs 12 bn. as Debentures are snapped up on opening day

HelaPay crosses LKR 1 BN digital transactions within 2 years

BPPL Holdings PLC Honored with Forbes Asia’s “Best Under a Billion” Award

Co-operative Insurance continues exceptional journey in 2023

Hemas Shows Resilience in Q2 2023/24 with Strong Performance