21. November 2024
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Anglostratits
July 15, 2024
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Business & Economy

Record Year for Sarvodaya Development Finance PLC as Profits and Assets Soar

5min
Sarvodaya Development Finance PLC has achieved a record-breaking year in terms of financial performance, marking financial year 2023/24 as one of unprecedented growth and resilience. Accordingly, the company reported its highest-ever profits, underpinned by a robust 43.5% growth in Net Interest Income and a 45.7% increase in Total Operating Income. Despite challenges amidst a dynamic […]
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June 17, 2024
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Business & EconomyInsurance

Janashakthi Life Soars: Q1 Gross Written Premiums Up 44%, Profit Before Tax Grows 29%

4min
17th June 2024, Colombo: Janashakthi Life, one of Sri Lanka’s leading life insurers, reported stellar financial results for the first quarter of 2024, solidifying the company’s position for continued growth and stability. Janashakthi Life’s Gross Written Premium (GWP) growth surged by an impressive 44% in Q1 2024 compared to Q1 2023. This significant increase reflects […]
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May 15, 2024
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BankingBusiness & Economy

DFCC Bank Unveils Annual Report for 2023, Highlighting Exceptional Financial Performance Driven by Deep Commitment to Sustainability

3min
DFCC Bank recently unveiled its Annual Report 2023, spotlighting the Bank’s remarkable achievements against a backdrop of formidable challenges and exciting opportunities. Overcoming a challenging and dynamic economic environment, DFCC Bank emerged, posting a record-breaking financial year. These achievements were complemented and supported by the Bank’s many sustainable initiatives in its drive to achieve carbon […]
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February 13, 2024
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Business & Economy

PLC Achieves Remarkable 30.8% PAT Growth Amid Dynamic Market Conditions in Q3 2023/24

3min
People’s Leasing & Finance PLC (PLC), a leading non-banking financial services provider in Sri Lanka, reported robust financial performance for the third quarter of fiscal year 2023/24, indicating positive growth and stability amidst a competitive marketing environment. Profit After Tax (PAT) reached Rs. 2,141 million for the 9-month period, with Q3 of FY 2023/24 contributing […]
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May 29, 2023
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Business & Economy

First Capital Holdings PLC delivers Extraordinary Financial Performance, setting a New Benchmark in its Four-Decade Legacy.

5min
  Colombo, 29th May 2023 – First Capital Holdings PLC (the Group), a member of the Janashakthi Group, announces its impressive financial results, and a remarkable turnaround from the previous year, marking the year ended 31st March 2023 its most successful in its 40-year history. The Group’s financial results exhibit an impressive feat, with a […]
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November 28, 2022
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AchievementsBusiness & Economy

IFS continues to deliver strong 2022 financial performance with Q3 Year-to-Date results

5min
        • Annual Recurring Revenue increases by 38% YoY • Cloud Revenue grows at 104% Vs. 2021 Q3 YTD • Third consecutive high performance quarter cements IFS leadership in core capabilities Colombo, 28th November 2022: IFS, the global cloud enterprise software company, today reported its financial results for Q3 year-to-date (YTD) ending […]
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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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