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Leading conglomerate Aitken Spence PLC’s financial results released to the Colombo Stock Exchange revealed quarterly revenue increasing year-on-year(YoY) to Rs. 12.41 billion from Rs. 12.28 billion while revenue for the six months was Rs. 22.98 billion. The Group also recorded an improved net assets per share value of Rs. 112.30.

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Central Bank Governor Dr. Indrajit Coomaraswamy yesterday assured multiple provisions were being made to raise money to meet 2019 debt repayments through a variety of borrowings, swaps and even a possible international sovereign bond.

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Despite political uncertainty and policy confusion, Central Bank is confident of managing the economy and massive US $4 billion debt servicing next year by raising funds through prudent financial instruments, Central Bank Governor Dr. Indrajit Coomaraswamy told amedia conference in Colombo yesterday (Wednesday14).

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The Junior Clinic of the Royal Colombo Golf Club (RCGC) will host A Day of Discovery event to identify new golfing talent on 10 December 2018. With this program, RCGC hopes to recruit a fresh pool of budding young golfers to its existing junior clinic outreach program, which was initiated in 2011 to help the game thrive in Sri Lanka.

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The new government should promote local business entrepreneurs and look at entering into joint venture partnerships with local companies rather than offering 100% of projects to foreign companies, said Sri Lankan business magnate and investor Harry Jayawardena.

Wednesday, 14 November 2018 05:55

Hayleys crosses Rs 100 Bn turnover in 1H

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Fueled by topline growth across all of its key business segments, leading diversified conglomerate Hayleys PLC posted a 65% Year-on-Year (YoY) increase in turnover up to Rs. 103 billion for the six months period ending 30 September 2018.

Wednesday, 14 November 2018 05:50

Sampath Bank Surpasses Rs 14 bn PBT

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Sampath Bank achieved Rs.14.2 billion in Profit Before Tax (PBT) within the first 3 quarters of 2018, 20.3% higher than the PBT of Rs.11.8 billion recorded in the corresponding period in the previous year.

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Commercial Bank of Ceylon PLC gross income surpassed the Rs 100 billion mark in nine months for the first time growing by 21.61% to Rs 102.841 billion, with interest income improving by a robust 17.39% to Rs 88.825 billion on the back of a strong loan book growth.

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Creating aviation history, Sri Lanka’s first privately owned airline, Peace Air is scheduled to be airborne from February 14 (Independence Day), Chairman Peace Air Pvt Ltd, Gamini H. Wethasinghe told ‘Daily News Business’.

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Amidst gloomy politics in the country, the premier blue chip John Keells Holdings (JKH) yesterday brightened the investor community outlook with a Rs. 11.1 billion share buyback move.

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