growth Archives - Page 3 of 11 - Lanka Business News

June 17, 2024

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 […]

June 14, 2024

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Global call issued for innovative AI solutions at inaugural accelerate conference Colombo, Sri Lanka, 14th June 2024: – Today, the Mastercard Center for Inclusive Growth and data.org launched the Artificial Intelligence to Accelerate Inclusion Challenge (AI2AI Challenge), a global call for AI solutions to accelerate inclusion and economic empowerment. The AI2AI Challenge will […]

June 4, 2024

04th June 2024: Marking a significant milestone, Publicis Groupe Sri Lanka, a pioneering force in the advertising and marketing communications industry, proudly celebrates 25 years of consistent innovation, resilience, creativity, growth, and success. Established in 1999, the Agency is part of the Publicis Groupe network. Today it is recognised as the world’s No […]

June 3, 2024

May 31, 2024: Softlogic Capital, the financial services sector of the Softlogic Group consisting of Softlogic Life, Softlogic Finance, Softlogic Stock Brokers and Softlogic Asset Management (Softlogic Invest), recorded robust and resilient revenue growth, reporting notable top-line growth during the year ended 31 March 2024. Softlogic Capital’s consolidated revenue reached Rs.36.7 billion for the year […]

May 31, 2024

FY24 Revenue of Rs.55.5 billion, up 7% Healthcare sector revenue growth of 16.1% YoY to Rs.27.7 billion May 30, 2024: Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) recorded resilient revenue growth amidst the backdrop of a moderately stable macroeconomic conditions, reporting notable top-line and bottom-line growth during the year ended 31 March 2024. […]

May 17, 2024

SLT-MOBITEL has reported a flat growth in Q1 2024 ending March 31, 2024, amidst a challenging business environment. However, the company’s proactive cost management initiatives have resulted in significant operational cost savings, enabling it to maintain profitability. For the quarter, the SLT Group has recorded consolidated revenue of LKR 26.93 billion, reflecting a marginal 1.4% […]

May 16, 2024

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Strong net profit growth in the final quarter of 2023-24 has enabled Teejay Lanka PLC to end the financial year on an optimistic note despite the impacts of the appreciation of the Rupee, which contributed to its 12-month results falling below those of the preceding year. Sri Lanka’s first multinational textile manufacturer has […]

May 6, 2024

Colombo, Sri Lanka, May 6, 2024—Concluding a two-day visit, IFC’s Vice President for Asia Pacific, Riccardo Puliti, signaled IFC’s commitment to supporting Sri Lanka’s ongoing reforms and growth agenda, while emphasizing the importance of private sector-led development for inclusive economic growth. The visit served as an opportunity for Puliti to engage with key stakeholders, including […]

May 3, 2024

Profit before Tax increased 115% to LKR 3,704 Mn Profit after Tax grew 102% to LKR 2,295 Mn Overall Statutory Liquid Assets Ratio (SLAR) at 39.42% Total Capital Adequacy Ratio 15.84% Seylan Bank has announced an impressive growth in its Q1 2024 financial results as at 31 March 2024, with a Profit Before Tax (PBT) […]

April 30, 2024

Hemas Consumer Brands demonstrated healthy growth in FY2023/24 amidst challenging economic conditions, while unfailingly fulfilling its social responsibilities across its product categories. As a leader in Sri Lanka’s Home and Personal Care sector for over 60 years, its focus on empowering families to live a better tomorrow, by providing innovative solutions , has helped establish […]

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

Mastercard Center for Inclusive Growth and data.org launch Artificial Intelligence to Accelerate Inclusion challenge

Publicis Groupe Sri Lanka celebrates 25 years as the ‘Idea Machine’

Softlogic Capital defies tough economic headwinds to grow by 13%, records Rs. 36.7 Bn Revenue and Rs. 431 Mn PBT in FY24

Sunshine Holdings delivers record FY24 results propelled by Healthcare and Consumer sectors

SLT-MOBITEL reports marginal growth in Q1 2024 amidst cost optimization efforts

Strong Q4 net profit growth boosts Teejay Lanka’s outlook for year ahead

IFC Regional Vice President for Asia Pacific Signals Support for Sri Lanka’s Reforms and Growth Agenda During Official Visit

Seylan Bank records impressive Profit After Tax of LKR 2.29 Bn in Q1 2024

Hemas Consumer Brands empowers families to live a better tomorrow through innovative solutions