growth Archives - Lanka Business News

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 […]

December 9, 2024

Orient Finance PLC, an established player in Sri Lanka’s financial services sector, has announced a remarkable financial performance for the period ended 30th September 2024, reporting significant growth in key financial metrics. For the period under review, the company achieved a net profit of Rs. 186.39 million, reflecting a 300.67% increase compared to […]

November 18, 2024

The Hayleys Group delivered remarkable growth and profitability during the first half of the financial year ending 31st March 2025, as it leveraged its leading market positions across diverse business verticals to deliver a Profit Before Tax of Rs.12.73 bn, an increase of 78% over the corresponding period of the previous year. Meanwhile, the Group […]

November 14, 2024

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Loan book up by Rs 121.06 bn. in 9 months, with 44.20% of growth coming in Q3 CASA ratio improves to 39.60% at 30th 2024 Net interest income up 46.15% to Rs 88.98 bn. Total taxes for 9 months double to Rs 27.67 bn. The Commercial Bank of Ceylon Group has achieved impressive growth at […]

October 30, 2024

Profit before Income Tax – LKR 10,608 Mn up by 47.72% Profit after Tax – LKR 6,593 Mn up by 46.65% Liquidity Coverage Ratio (LCR) – All Currency of 442.64% and Rupee of 509.82% Total Capital Adequacy Ratio of 17.05% Impaired Loan (Stage 3) Ratio 3.05% Seylan Bank recorded a Profit after Tax of LKR […]

October 28, 2024

In just 60 months, DirectPay has accomplished an extraordinary 1000x growth, solidifying its position as a leading player in the Sri Lankan fintech space. This incredible achievement is a testament to their unwavering commitment to innovation, customer-centric solutions, and their passion for transforming digital payments. As a startup, DirectPay’s success is built on the support […]

October 21, 2024

Lanka Corrugated Industries Ltd. (LCI), a long-standing player in Sri Lanka’s packaging sector, is entering a new phase of growth with a substantial upgrade in capacity and technology. A BOI-approved venture, LCI has provided reliable, high-quality packaging solutions for over two decades. Originally founded by entrepreneur Sydney Gajanayake, the company is now gearing up to […]

October 7, 2024

Emojot, a global leader in artificial intelligence (AI)-powered customer experience management, has announced a strategic leadership restructuring alongside securing a strategic investment from the United States (US). Both of these initiatives are aimed at accelerating the company’s growth and innovation. Accordingly, Dr. Shahani Markus, a seasoned entrepreneur and technology executive, will assume the role of […]

September 25, 2024

Siyapatha Finance PLC recently posted a steady financial growth for the first half ended 30 June 2024. The company recorded a Profit After Tax (PAT) of Rs.513 Million indicating a 189% increase compared to the corresponding period last year, while the Profit Before Tax (PBT) grew by 133% compared to the preceding year and stood […]

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

Orient Finance Records Impressive Financial Results with Strong Profit Surge and Asset Growth for the Period Ended 30th September 2024

Hayleys records 78% growth in PBT to Rs.12.73 bn

ComBank accelerates lending in Q3 as strong fundamentals spur growth

Seylan Bank records a PAT of LKR 6.59 Bn.

DirectPay achieves 1000x growth in just 60 months: A remarkable startup journey

Lanka Corrugated Industries enters new era with major machinery upgrades and strategic partnership

Emojot announces leadership restructuring and secures strategic investment to accelerate growth

Siyapatha Finance Posts Steady Growth in 1st half 2024