growth Archives - Lanka Business News

February 21, 2025

The Joint Apparel Association Forum (JAAF) welcomes the new Government’s maiden budget, recognizing its focus on export-driven growth, investment facilitation, and policy consistency. The budget’s commitment to economic stabilization and a competitive business environment marks a positive step forward for Sri Lanka’s textile and apparel sector. The expansion of Sri Lanka’s Free Trade […]

February 18, 2025

DIMO, a leading diversified conglomerate in Sri Lanka, marked a significant milestone in its journey, by celebrating over a decade of continuous growth and collaboration with Great Place to Work (GPTW) Sri Lanka. GPTW’s tools assisted in comprehension of our organizational intricacies, leadership dynamics, and workforce ethos and has been instrumental in navigating challenges and […]

February 16, 2025

NCGI’s groundbreaking national initiative aimed at supporting SMEs across the country Citizens Development Business Finance PLC (CDB) made yet another trailblazing move to boost SMEs in the country, by disbursing the very first loan in Sri Lanka under the National Credit Guarantee Institution (NCGI) Guarantee scheme. The loan which was granted to farmer W M G Prasanna […]

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 7, 2025

Performance Review for the Nine Months Ended 31st December 2024 Overview The Group recorded earnings of Rs. 3.0 billion, a 36.3 percent growth in consolidated earnings for the quarter with revenue increasing by 6.4 percent to Rs. 33.2 billion and operating profit increasing by 25.7 percent to Rs. 4.9 billion. Revenue growth was evident across […]

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% […]

January 28, 2025

January 27, 2025: Softlogic Finance PLC recorded stable results whilst returning to moderate profitability for the nine months ended 31st December 2024 whilst commencing a drive to pursue a tech driven approach in its future journey. The company, a subsidiary of Softlogic Capital PLC, posted profit of 42.2 Million for the period and is committed to embracing innovation, improving client experiences, and addressing the growing demand for digital financial solutions in […]

January 26, 2025

Janashakthi Life has achieved an outstanding LKR 6.6 billion in Gross Written Premiums (GWP) for the year 2024, marking an exceptional 43% growth compared to the previous year. This impressive milestone underscores the company’s strong market presence, customer trust and relentless commitment to excellence. The extraordinary growth is a testament to the hard work and […]

January 9, 2025

Hambantota International Port (HIP) achieved an impressive growth rate of 22% in 2024, matching its performance from the previous year. With its sights set on even higher numbers in 2025, the port is implementing upgrades to its infrastructure, including the introduction of gantry and yard cranes in the container yard. These enhancements are part of […]

January 9, 2025

The Crewstone Plus94 Technology Fund –a $75 million private equity fund has been launched by leading investment firms Crewstone International and Plus94 Fund. This new initiative aims to accelerate the growth of both Southeast and South Asia’s tech sectors, with a strategic focus on HealthTech, AI-driven outsourcing, AgriTech, and Deep Tech. The inauguration […]

JAAF Welcomes Budget 2025, calls for caution on the removal of SVAT.

DIMO Celebrates Over a Decade of Growth and Collaboration with Great Place to Work Sri Lanka

CDB boosts SMEs with very first NCGI loan disbursement in Sri Lanka

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

Hemas Delivers Strong Performance in Earnings Growth

Teejay Lanka delivers resilient growth in Q3 amidst dynamic market conditions

Softlogic Finance posts stable results, pursues tech-driven journey

Janashakthi Life Records Historic LKR 6.6 billion GWP an Outstanding 43% Growth in 2024

Hambantota International Port: Sustained Growth and Strategic Vision in 2024

Crewstone International and Plus94 Fund Launch new $75 million fund to accelerate growth of region’s tech sector