growth Archives - Lanka Business News

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

Commercial-Bank-Chairman-Mr-Sharhan-Muhseen-Managing-Director-and-CEO-Mr-Sanath-Manatunge-LBN.jpg

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 […]

September 10, 2024

Platforms like TikTok are becoming integral for SMBs to reach their audience across different geographies By Indika De Zoysa It goes without saying that social platforms have evolved from a mere communication tool to a powerful catalyst for business growth. For businesses in Sri Lanka, leveraging social media is now optional but essential for navigating […]

August 25, 2024

The Hambantota International Port (HIP) has experienced a substantial increase in volumes, with a 40% growth recorded in 2024 to date. The port’s Commercial and Marketing division says the growth is expected to reach 50% by the year end. “The impressive performance and strategic growth of the port in 2024 demonstrate the Hambantota […]

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

Leveraging social platforms for business growth in Sri Lanka

Hambantota International Port projects 50% growth