growth Archives - Page 4 of 11 - Lanka Business News

April 29, 2024

Colombo, Monday 29th April 2024: In the fiscal year concluded in March 2024, Barista celebrated the opening of 11 new outlets across the country, accompanied by a remarkable two-fold growth in sales with the expansion while doubling their bottom line. Barista has also been a foreign-exchange earner, serving tourists at the outlets located in tourist […]

April 18, 2024

Heralding a new era for both Sri Lankan and Kuwaiti accounting professionals, the Kuwait Chapter of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is poised to catalyze professional growth and knowledge exchange opportunities for Sri Lankans through an impactful partnership with the Kuwait Accountants & Auditors Association (KAAA). The […]

April 2, 2024

Amana Takaful Insurance PLC (General) proudly celebrates another year of remarkable growth, marking its third consecutive year as one of the fastest-growing insurance company in Sri Lanka. Demonstrating resilience and strategic prowess, the company achieved a staggering 28% year-on-year increase in Gross Written Premiums (GWP) in 2023, propelling its revenues to an impressive LKR 4.29 […]

March 29, 2024

North America is Snapchat’s largest region for ad revenue but APAC marketers have the highest intention to increase investment. The app’s global DAUs reaches 414 million propelled by younger cohorts WARC Media’s Platform Insights: Snapchat 28 March 2024 – Having suffered consecutive quarterly revenue declines in 2022, Snapchat saw advertising revenue steadily bounce back in […]

March 18, 2024

Sanasa General Insurance Company, Sri Lanka’s leading insurance service provider, marked a unique milestone in their history by achieving a record growth rate of 53% in 2023 and becoming the highest growing insurance company in the country. Considering the insurance categories, Sanasa General Insurance has achieved a 90% growth in the fire and engineering insurance […]

February 27, 2024

Asset growth 24% to LKR 516Bn Operating Income growth 16% to LKR 45Bn Stage 3 loan ratio reduced to 2.34% highlighting quality of loan portfolio Strong Liquidity and Capital Adequacy Ratios at 45% and 19.68% respectively 26th February 2024, Colombo – Nations Trust Bank reported strong performance to close the financial year ending 31 December […]

February 2, 2024

Teejay-Lanka-Chairman-Mr-Ajit-Gunewardene-and-CEO-Mr-Pubudu-De-Silva-LBN.jpg

Teejay Lanka PLC has maintained its positive trajectory in the third quarter of 2023-24, recording noteworthy pre- and post-tax profit growth for the three months ending 31st December 2023 and reversing the losses of the corresponding quarter of the previous year. Sri Lanka’s first multinational textile manufacturer has reported profit before tax of […]

January 31, 2024

EBITDA* (Rs.000) Quarter ending 31 December Nine months ending 31 December Q3 2023/24 Q3 2022/23 % Cumulative 2023/24 Cumulative 2022/23 % Transportation 2,327,195 1,498,535 55 6,445,653 9,084,866 (29) Consumer Foods 896,922 402,382 123 2,853,162 2,644,604 8 Retail 2,389,719 2,320,385 3 6,359,712 6,602,516 (4) Leisure 2,560,124 1,898,410 35 3,908,749 4,772,720 (18) Property 59,997 (312,413) 119 […]

January 23, 2024

Aberdeen Holdings, one of the country’s leading conglomerates with a presence across eleven diverse sectors, has been honored for its exceptional performance and growth momentum, with several of its subsidiaries receiving prestigious awards and titles throughout 2023. Expo Commodities, a subsidiary of Aberdeen Holdings, received three coveted accolades at the 31st NCE Awards […]

January 9, 2024

A-container-vessel-being-operated-at-the-Jaya-Container-Terminal-of-SLPA-LBN.jpeg

The year 2023 witnessed significant growth at the Sri Lanka Ports Authority (SLPA). In comparison to the 1,925,895 TEUs handled by SLPA 2022, it has handled a total of 1,965,128 TEUs in 2023, reflecting a 2% growth. The Sri Lanka Ports Authority anticipates positive growth in container operations, despite a percentage drop in […]

Barista: Brewing Happiness with Progress and Purpose

CA Sri Lanka Kuwait Chapter boost professional growth opportunities for Sri Lankans through key partnership with Kuwaiti body

Amana Takaful General Insurance sustains impressive growth trajectory in 2023

Snapchat’s annual advertising revenue is forecast to reach $5.2bn in 2024, a 13.7% year-on-year growth amidst strategic repositioning of its platform

Sanasa General Insurance achieves record growth of 53% in 2023

Nations Trust Bank PLC demonstrates steady performance in the year 2023

Teejay records a positive Q3 despite market challenges

JKH records strong growth in EBITDA to Rs.13.74 billion in Q3 2023/24

Aberdeen Holdings recognized with multiple awards in 2023

Sri Lanka Ports Authority’s Achievement of Remarkable Growth in 2023; A Testament to Efficiency, Strategic Partnerships, and Optimistic Outlook”