August 16, 2023
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2min
      Huawei announced its business results for the first half of 2023 today. Overall performance was in line with forecast. In 2023 H1, Huawei generated CNY310.9 billion in revenue, with a year-on-year increase of 3.1% and a net profit margin of 15.0%. The company’s ICT infrastructure business contributed CNY167.2 billion, its consumer business […]

July 11, 2023
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2min
        SLT-MOBITEL, the National ICT Solutions Provider was honoured with four prestigious awards at the National Business Excellence Awards 2023, held recently. The recognition demonstrates the outstanding achievements and commitment to excellence in the telecommunications industry by Sri Lanka Telecom PLC (SLT). SLT received accolades for Runner Up: Excellence in Local Market […]

June 29, 2023
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5min
      With a promise of revving up performance for riders, Interocean Lubricants Pvt Ltd, recently introduced a new range of SINOPEC motorcycle lubricants to Sri Lanka. This cutting-edge technology lubricant, Sinopec is to revolutionize the riding experience for motorcycle enthusiasts across Sri Lanka. Imported to Sri Lanka as finished and packed products, Sinopec […]

May 29, 2023
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4min
      May 26, 2023: Diversified Sri Lankan conglomerate Sunshine Holdings (CSE: SUN) recorded resilient revenue growth in a challenging macroeconomic environment, reporting notable top-line growth during the year ended 31 March 2023. Group’s Healthcare and Consumer sectors led growth while healthcare segment remained the major contributor to total Group revenue in FY23. Sunshine […]

March 17, 2023
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7min
      With a notable quarterly profit of Rs. 959 million for the third quarter of the financial year     2022/23, People’s Leasing & Finance PLC’s (People’s Leasing/PLC) Profit After Tax (PAT) for the period ended 31, December 2022 reached Rs. 1,637 million, demonstrating the Company’s sustained ability to manage its core drivers in the […]


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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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