growth Archives - Page 12 of 14 - Lanka Business News

December 1, 2022

Colombo, Sri Lanka, December 1, 2022—IFC has appointed Alejandro Alvarez de la Campa as the new Country Manager for Sri Lanka and Maldives. Based in Colombo, Alvarez de la Campa will lead IFC’s strategy in building a diversified portfolio and increasing impact in both countries, while helping strengthen sustainable private sector development […]

November 21, 2022

The Commercial Bank of Ceylon’s Rs 5 billion debenture issue will open on Thursday 1st December 2022, offering investors an opportunity to profit from the growth of the bank. The Bank has announced plans to raise Rs 5 billion via 50 million Basel III-compliant debentures with an option to increase it by […]

November 17, 2022

The IT/BPM knowledge-driven industries continue to have a high ask for a workforce with analytical and critical thinking abilities, providing in turn, rewarding job prospects. As per a recent IMF report, it is predicted that there will be a global shortage of more than 85 million tech workers, representing $8.5 trillion in […]

November 15, 2022

Amana Bank has successfully continued its growth trajectory to record a Profit Before Tax of LKR 940.0 million for the nine months ending 30 September 2022, showcasing its resilient performance amidst a challenging economic environment. The Bank’s PBT achievement reflects a 28% YoY growth compared to the 2021 corresponding period PBT of […]

November 11, 2022

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 9-month gross income up 62.91% to Rs 195.6 Bn. and 89.58% to Rs 76 Bn. in Q3  Impairment provisioning nearly triples to Rs 52.3 Bn. for 9 months: Rs 34.3 Bn. increase over first 9 months of 2021 mainly on account of government securities  Loan book grows by […]

November 3, 2022

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 Q2 revenue up by 95% to Rs 24.8 billion  Net profit up 145% to Rs 2.3 billion for 6 months A doubling of synthetic fabric volumes, higher selling prices and the impacts of the depreciation of the Rupee have generated strong growth for Teejay Lanka PLC, enabling Sri Lanka’s […]

October 17, 2022

EuroKitchens Trading & Contracting (Pvt) Ltd. (EKTC), Sri Lanka’s pioneering hospitality solutions provider, is experiencing a strong client-led growth, leading up to a doubling of its annual revenue for the second year in a row as it gears up to establish a stronger regional presence. The company –with its solutions currently being […]

September 21, 2022

Raigam Wayamba Salters PLC, which was listed in the Colombo Stock Exchange (CSE) in 2010 is the front line player in the value added salt market in Sri Lanka and it supplies a range of consumer salt products under the popular brands “Isi”, “Ruchi”, “Welcome” and “Triple Washed” as well as various […]

August 18, 2022

The Sri Lanka Association for Software Services Companies (SLASSCOM) recently appointed their new office bearers for 2022/23, at the Annual General Meeting held on the 2nd of August 2022. Ashique Ali was appointed as Chairman of SLASSCOM for the year 2022/ 2023. He is the Managing Director of Talliance, and is a […]

August 15, 2022

Amana Bank continued its growth momentum in profit amidst subdued economic conditions, and recorded a growth of 25% in mid-year Profit after Tax to reach LKR 362.0 million in comparison to LKR 289.3 million a year ago. Profit Before Tax stood at LKR 556.9 million compared to LKR 505.7 million posted […]

With a Focus on Spurring Resilient Private Sector-led Growth, IFC Appoints Alejandro Alvarez de la Campa as New Country Manager for Sri Lanka and Maldives

ComBank’s Rs 5 billion debenture issue to open on 1st December

National Future Talent Initiative (NFTI) launched to accelerate the talent growth of the IT/ BPM Sector

Amana Bank demonstrates stability and resilience recording a 9 Month PBT of Rs 940 Mn, continuing its growth momentum

Operationally strong ComBank Group posts healthy topline growth, amidst prudent provisioning

Teejay Lanka consolidates in Q2 to post 6-month revenue of Rs 48.6 billion

EKTC positions itself as market leader with diversified product portfolio as it gears up for next phase of growth

Raigam Wayama Salters Records Highest Growth and New Dimensions in Business in 2021/2022

SLASSCOM appoints new Chairman and Board to support its next era of growth and transformation

Amana Bank’s Resilient Performance Continues