growth Archives

May 6, 2024

Colombo, Sri Lanka, May 6, 2024—Concluding a two-day visit, IFC’s Vice President for Asia Pacific, Riccardo Puliti, signaled IFC’s commitment to supporting Sri Lanka’s ongoing reforms and growth agenda, while emphasizing the importance of private sector-led development for inclusive economic growth. The visit served as an opportunity for Puliti to engage with key stakeholders, including […]

May 3, 2024

Profit before Tax increased 115% to LKR 3,704 Mn Profit after Tax grew 102% to LKR 2,295 Mn Overall Statutory Liquid Assets Ratio (SLAR) at 39.42% Total Capital Adequacy Ratio 15.84% Seylan Bank has announced an impressive growth in its Q1 2024 financial results as at 31 March 2024, with a Profit Before Tax (PBT) […]

April 30, 2024

Hemas Consumer Brands demonstrated healthy growth in FY2023/24 amidst challenging economic conditions, while unfailingly fulfilling its social responsibilities across its product categories. As a leader in Sri Lanka’s Home and Personal Care sector for over 60 years, its focus on empowering families to live a better tomorrow, by providing innovative solutions , has helped establish […]

April 29, 2024

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Colombo, Monday 29th April 2024: In the fiscal year concluded in March 2024, Barista celebrated the opening of 11 new outlets across the country, accompanied by a remarkable two-fold growth in sales with the expansion while doubling their bottom line. Barista has also been a foreign-exchange earner, serving tourists at the outlets located in tourist […]

April 18, 2024

Heralding a new era for both Sri Lankan and Kuwaiti accounting professionals, the Kuwait Chapter of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is poised to catalyze professional growth and knowledge exchange opportunities for Sri Lankans through an impactful partnership with the Kuwait Accountants & Auditors Association (KAAA). The […]

April 2, 2024

Amana Takaful Insurance PLC (General) proudly celebrates another year of remarkable growth, marking its third consecutive year as one of the fastest-growing insurance company in Sri Lanka. Demonstrating resilience and strategic prowess, the company achieved a staggering 28% year-on-year increase in Gross Written Premiums (GWP) in 2023, propelling its revenues to an impressive LKR 4.29 […]

March 29, 2024

North America is Snapchat’s largest region for ad revenue but APAC marketers have the highest intention to increase investment. The app’s global DAUs reaches 414 million propelled by younger cohorts WARC Media’s Platform Insights: Snapchat 28 March 2024 – Having suffered consecutive quarterly revenue declines in 2022, Snapchat saw advertising revenue steadily bounce back in […]

March 18, 2024

Sanasa General Insurance Company, Sri Lanka’s leading insurance service provider, marked a unique milestone in their history by achieving a record growth rate of 53% in 2023 and becoming the highest growing insurance company in the country. Considering the insurance categories, Sanasa General Insurance has achieved a 90% growth in the fire and engineering insurance […]

February 27, 2024

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Asset growth 24% to LKR 516Bn Operating Income growth 16% to LKR 45Bn Stage 3 loan ratio reduced to 2.34% highlighting quality of loan portfolio Strong Liquidity and Capital Adequacy Ratios at 45% and 19.68% respectively 26th February 2024, Colombo – Nations Trust Bank reported strong performance to close the financial year ending 31 December […]

February 2, 2024

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Teejay Lanka PLC has maintained its positive trajectory in the third quarter of 2023-24, recording noteworthy pre- and post-tax profit growth for the three months ending 31st December 2023 and reversing the losses of the corresponding quarter of the previous year. Sri Lanka’s first multinational textile manufacturer has reported profit before tax of […]

IFC Regional Vice President for Asia Pacific Signals Support for Sri Lanka’s Reforms and Growth Agenda During Official Visit

Seylan Bank records impressive Profit After Tax of LKR 2.29 Bn in Q1 2024

Hemas Consumer Brands empowers families to live a better tomorrow through innovative solutions

Barista: Brewing Happiness with Progress and Purpose

CA Sri Lanka Kuwait Chapter boost professional growth opportunities for Sri Lankans through key partnership with Kuwaiti body

Amana Takaful General Insurance sustains impressive growth trajectory in 2023

Snapchat’s annual advertising revenue is forecast to reach $5.2bn in 2024, a 13.7% year-on-year growth amidst strategic repositioning of its platform

Sanasa General Insurance achieves record growth of 53% in 2023

Nations Trust Bank PLC demonstrates steady performance in the year 2023

Teejay records a positive Q3 despite market challenges