19. May 2024
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Anglostratits
February 2, 2024
Teejay-Lanka-Chairman-Mr-Ajit-Gunewardene-and-CEO-Mr-Pubudu-De-Silva-LBN.jpg
Business & Economy

Teejay records a positive Q3 despite market challenges

5min
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 […]
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January 31, 2024
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Business & Economy

JKH records strong growth in EBITDA to Rs.13.74 billion in Q3 2023/24

7min
  EBITDA* (Rs.000) Quarter ending 31 December Nine months ending 31 December Q3 2023/24 Q3 2022/23 % Cumulative 2023/24 Cumulative 2022/23 % Transportation 2,327,195  1,498,535  55  6,445,653  9,084,866  (29) Consumer Foods  896,922  402,382  123  2,853,162  2,644,604  8 Retail 2,389,719  2,320,385  3  6,359,712  6,602,516  (4) Leisure 2,560,124  1,898,410  35  3,908,749  4,772,720  (18) Property  59,997  (312,413)  119 […]
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January 23, 2024
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AchievementsBusiness & Economy

Aberdeen Holdings recognized with multiple awards in 2023

3min
Aberdeen Holdings, one of the country’s leading conglomerates with a presence across eleven diverse sectors, has been honored for its exceptional performance and growth momentum, with several of its subsidiaries receiving prestigious awards and titles throughout 2023.     Expo Commodities, a subsidiary of Aberdeen Holdings, received three coveted accolades at the 31st NCE Awards […]
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January 9, 2024
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Business & Economy

Sri Lanka Ports Authority’s Achievement of Remarkable Growth in 2023; A Testament to Efficiency, Strategic Partnerships, and Optimistic Outlook”

2min
The year 2023 witnessed significant growth at the Sri Lanka Ports Authority (SLPA). In comparison to the 1,925,895 TEUs handled by SLPA  2022, it has handled  a total of 1,965,128 TEUs in 2023, reflecting a 2% growth.     The Sri Lanka Ports Authority anticipates positive growth in container operations, despite a percentage drop in […]
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December 29, 2023
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Business & Economy

Sri Lanka’s digital lending user base is at 1.3 million, reflecting 125-fold growth in over two years

4min
      [Colombo, December 2023] – Robocash Sri Lanka, proudly announces its exhaustive study and analysis of the online lending application market in the country. The insightful analysis revealed a substantial increase in users across leading lending applications. From a modest 10,600 in August 2021, the user base for online loan applications in Sri […]
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December 22, 2023
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AviationBusiness & EconomyGlobal BusinessUncategorized

Emirates SkyCargo to build on 2023 successes and advance its long-term strategic growth plans

8min
      Emirates SkyCargo, the cargo arm of the world’s largest international airline, wraps up a major year of growth and investment in both its current and future operations. Signalling its confidence in the essential role air cargo will continue to play in global trade, the airline has made significant leaps towards its long-term […]
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November 30, 2023
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Business & Economy

CFA Institute Delegation Pays Courtesy Visit to US Embassy in Sri Lanka, Celebrating Over Two Decades of Partnership and Growth

1min
      Recently, a delegation from the CFA Institute, India, and the CFA Society Sri Lanka paid a warm courtesy visit to Ms. Shawn Gray, Political/Economic Counselor, and the team at the US Embassy in Sri Lanka. The purpose was to renew and strengthen collaborations between the organizations. During the visit, the delegation reflected […]
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November 17, 2023
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Business & Economy

SLT Group posts 3Q 2023 results with moderate growth

4min
      The SLT Group released its financial results for the third quarter ending September 30, 2023, presenting moderate growth. SLT PLC reported a revenue of LKR 17,490 Mn with a growth of 3.7%, while Mobitel recorded 2.7% de-growth during Q3’23 compared to Q3’22. The Group’s consolidated revenue for the quarter increased by 3.9% […]
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November 17, 2023
Pradeep-Amirthanayagam-Chairman.jpeg
Business & Economy

PLC Posts Outstanding Q2 Performance Highlighting Resilience and Potential for Growth

6min
      People’s Leasing & Finance PLC (PLC) reported strong financial performance for the second quarter of the financial year 2023/24, recently, demonstrating unwavering resilience and a commitment to excellence, achieving significant year-on-year increases in Profit After Tax (PAT) for both the company and the Group. For the first six months of FY 2023/24, […]
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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.

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