Billion Archives - Page 4 of 5 - Lanka Business News

December 1, 2023

Colombo, Sri Lanka – December 1, 2023: Sri Lanka’s fastest-growing digital payment brand, HelaPay, announced that it has crossed Rs. 1 Billion in total transactions through its innovative payment method. This landmark milestone underscores Helapay’s rapid ascent in the local financial technology sector, having accomplished this feat in just two years since its […]

November 30, 2023

30th November 2023: BPPL Holdings PLC, a leading player in the brushware and filament export manufacturing industry, was awarded by Forbes Asia as “Asia’s Best Under a Billion” for the year 2021. The award ceremony took place on the 21st of November ’23 in Manila, Philippines. Forbes Asia’s “Best Under a Billion” award recognises […]

November 14, 2023

Co-operative Insurance Company PLC reports total assets valued at Rs. 10 billion at the end of third quarter in 2023 Established in 1999 with the primary objective of extending insurance coverage to the rural population of Sri Lanka, Cooperative Insurance PLC has emerged as a prominent player in the insurance sector, garnering […]

November 10, 2023

Hemas Holdings PLC (HHL) delivered resilient results in the first six months of the financial year 2023/24 to post a cumulative Group revenue of Rs. 59.0 billion, a 13.5 per cent growth over previous year. Amidst the increasing strain on operating expenses, the Group’s operating profit and earnings for the period experienced […]

November 9, 2023

Group: Record half-year profit of AED 10.1 billion (US$ 2.7 billion), up 138% from the same period last year, driven by strong demand for international travel across regions. Revenue up 20% to AED 67.3 billion (US$ 18.3 billion). Emirates: Revenue up 19% to AED 59.5 billion (US$ 16.2 billion), with profit of […]

November 8, 2023

EBITDA* (Rs.000) Quarter ending 30 September Six months ending 30 September Q2 2023/24 Q2 2022/23 % Cumulative 2023/24 Cumulative 2022/23 % Transportation 1,699,799 3,034,882 (44) 4,118,458 7,586,331 (46) Consumer Foods 1,236,534 1,008,997 23 1,956,240 2,242,221 (13) Retail 1,982,657 1,963,179 1 3,969,994 4,282,130 (7) Leisure 1,065,013 1,005,086 6 1,348,625 2,874,310 (53) Property […]

November 1, 2023

Profit before Tax accelerated 100.75% to LKR 7,181 Mn Overall Statutory Liquid Assets Ratio is 39.10% at 30 Sept ‘23 Total Capital Adequacy Ratio of 15.29% as at 30 Sept ‘23 Seylan Bank announced an impressive Profit after Tax (PAT) of LKR 4.49 billion for the nine months ended September 30, 2023, […]

October 13, 2023

For generations, tea has been intricately woven into the socio-economic fabric of Sri Lanka. In 2022, Sri Lanka’s tea exports earned a record Rs. 411 billion according to the Sri Lanka Tea Board. While large-scale company-owned and managed plantations have historically dominated tea production, today over 400,000 tea smallholders island-wide contribute significantly, […]

August 16, 2023

First Capital Holdings PLC (the Group) announces its outstanding financial performance for the first quarter ended June 30, 2023. The Group reported an impressive Profit after Tax of Rs. 2.81 billion, marking a remarkable leap from Rs. 96 million recorded in the same period last year. Among the key divisions, the Primary […]

August 3, 2023

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People’s Leasing & Finance PLC (PLC) has successfully concluded the financial year 2022/23 with an impressive profit after tax (PAT) of Rs. 3.02 billion. Throughout the year, PLC’s performance exhibited resilience and strength, contributing to this outstanding achievement. Despite challenges in the operating context during the first two quarters, the company’s performance […]

HelaPay crosses LKR 1 BN digital transactions within 2 years

BPPL Holdings PLC Honored with Forbes Asia’s “Best Under a Billion” Award

Co-operative Insurance continues exceptional journey in 2023

Hemas Shows Resilience in Q2 2023/24 with Strong Performance

Emirates Group announces record half-year performance for 2023-24

JKH records EBITDA of Rs.8.06 billion in Q2 2023/24

Seylan Bank PAT surges 79% to LKR 4.49Bn for nine months of 2023

Seylan Bank continues to empower Tea Smallholders to cultivate success

First Capital Reports Impressive Financial Performance with Profits Soaring to Rs. 2.81 Billion

People’s Leasing Achieves Rs. 3.02 Billion Profit After Tax in FY 2022/23 Despite the Challenges