growth Archives - Page 4 of 11

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

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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

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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

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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 […]

December 29, 2023

[Colombo, December 2023] – Robocash Sri Lanka, proudly announces its exhaustive study and analysis of the online lending application market in the country. The insightful analysis revealed a substantial increase in users across leading lending applications. From a modest 10,600 in August 2021, the user base for online loan applications in Sri […]

December 22, 2023

Emirates SkyCargo, the cargo arm of the world’s largest international airline, wraps up a major year of growth and investment in both its current and future operations. Signalling its confidence in the essential role air cargo will continue to play in global trade, the airline has made significant leaps towards its long-term […]

November 30, 2023

Recently, a delegation from the CFA Institute, India, and the CFA Society Sri Lanka paid a warm courtesy visit to Ms. Shawn Gray, Political/Economic Counselor, and the team at the US Embassy in Sri Lanka. The purpose was to renew and strengthen collaborations between the organizations. During the visit, the delegation reflected […]

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”

Sri Lanka’s digital lending user base is at 1.3 million, reflecting 125-fold growth in over two years

Emirates SkyCargo to build on 2023 successes and advance its long-term strategic growth plans

CFA Institute Delegation Pays Courtesy Visit to US Embassy in Sri Lanka, Celebrating Over Two Decades of Partnership and Growth