Billion Archives - Lanka Business News

February 14, 2025

WindForce PLC, Sri Lanka’s leading renewable energy provider, has announced a dividend of LKR 1 per share, totaling LKR 1.35 billion for the financial year 2024/25. This reaffirms the company’s commitment to delivering shareholder value, with total dividends declared since its IPO now exceeding LKR 4.4 billion. Shareholders have enjoyed a 35% total return during […]

February 14, 2025

Richard Pieris Group, one of Sri Lanka’s largest and most diversified conglomerates, achieved a Profit Before Tax (PBT) of Rs. 5.4 billion during the first 9-month period ending 31st December 2024. The Group recorded a major profit growth of 137% over the corresponding period, demonstrating resilience in the continuity of its strong performance for the financial […]

February 14, 2025

12 February 2025: Agriculture-rich diversified conglomerate CIC Holdings PLC (CSE: CIC) has recorded a consolidated revenue of Rs. 64.66 billion for the nine months ending 31 December 2024 (9MFY25), an increase of 7.49% YoY compared to the corresponding period of last year. Group’s gross profit has increased by 5.81% to 16.73 billion with gross profit […]

February 13, 2025

Consolidated revenue of LKR 45.2 billion, up by 6.7% Healthcare revenue up 17.8% YoY to LKR 24.8 billion Consumer Brands recorded a revenue of LKR 14.4 billion, down 3.1% YoY February 10, 2025: Diversified conglomerate Sunshine Holdings (CSE: SUN) reported a consolidated revenue of LKR 45.2 billion for the nine months ending 31 December 2024 […]

February 11, 2025

Demonstrating exceptional and consistent growth with market leading metrics including the largest customer base, Softlogic Life recorded a stellar financial performance in 2024. The company, which marked a Gross Written Premium (GWP) of just Rs. 3 billion in 2014, achieved a GWP of Rs. 31.6 billion by December 31, 2024, growing 10 times in 10 […]

January 31, 2025

Teejay Group, Sri Lanka’s first multinational textile manufacturer, announced a Year-to-Date (YTD) Profit after Tax of LKR 1.9 billion for Q3 (third quarter) of FY2024/25, marking a remarkable 234% increase compared to the same period last year. Group revenue reached an impressive LKR 49.8 billion for the period ending 31st December 2024, reflecting a 10% […]

December 31, 2024

By Jithendra Antonio Sri Lanka’s economy feels like it’s stuck in a time loop. For decades, the same cycle has repeated—export raw materials, import finished goods, rely on tourism, and hope domestic spending plugs the gaps. But here’s the hard truth: this model is running on fumes. With $8 billion trade deficits, soaring inflation, and […]

November 13, 2024

Consolidated revenue of Rs. 30.1 billion, up by 6.8% Healthcare revenue up 16.6% YoY to Rs.16.1 billion Consumer records revenue of Rs.9.7 billion, down 0.3% YoY November 12, 2024: Continuing its resilience in robust growth, diversified conglomerate Sunshine Holdings PLC (CSE: SUN) posted consolidated revenue of Rs. 30.1 billion for the six months ending 30 […]

November 7, 2024

Group: New record half-year performance with profit before tax[1] of AED 10.4 billion (US$ 2.8 billion), up 1% from the same period last year. Revenue up 5% to AED 70.8 billion (US$ 19.3 billion), driven by strong customer demand across its business divisions. Emirates: Revenue up 5% to AED 62.2 billion (US$ 16.9 […]

November 7, 2024

Performance review for the Six Months ended 30th September 2024 Hemas Holdings PLC reported a cumulative revenue of Rs. 54.4 billion, with operating profits of Rs. 5.0 billion and earnings of Rs. 2.5 billion. The decrease in revenue compared to same period last year was a result of cautious consumer spending accompanied by several strategic […]

WindForce Reports 22% Growth in PAT for Nine Months in FY 24/25 and Declares Dividend of LKR 1.35 Billion

Richard Pieris Group Pre-Tax Profits up by 137% to Rs.5.4 billion during first 9 Months

CIC Holdings achieves Rs. 64.6 Bn revenue with resilient sectoral growth in 9MFY25

Strong healthcare sector performance in 9MFY25 boosts Sunshine Holdings’ revenue to LKR 45.2 billion

Softlogic Life at 31.6 Billion GWP in 2024, marks 10times growth in 10years

Teejay Lanka delivers resilient growth in Q3 amidst dynamic market conditions

From Tea to Tech – Can Sri Lanka Break Free from the Consumption Trap?

Sunshine Holdings delivers robust performance in 1HFY25

Emirates Group reports record half-year results for 2024-25

Hemas Holdings Boosts Profitability through Efficiency in a Challenging Market