Revenue Archives - Lanka Business News

November 7, 2024

Performance review for the Six Months ended 30th September 2024 Hemas Holdings PLC reported a cumulative revenue of Rs. 54.4 billion, with operating profits of Rs. 5.0 billion and earnings of Rs. 2.5 billion. The decrease in revenue compared to same period last year was a result of cautious consumer spending accompanied by several strategic […]

June 11, 2024

Pinterest’s year-on-year ad revenue growth rate in Q1 2024 (+23%) was bettered only by Meta and Amazon among Big Tech platforms Pinterest’s MAUs surpassed 500 million for the first time in Q1 2024 55% of users see it as a “place to shop”. 40% of Pinners are Gen Z WARC Media’s Platform Insights: […]

June 4, 2024

May 31, 2024: Agriculture-rich diversified conglomerate CIC Holdings PLC (CSE: CIC) reported robust revenue growth amidst moderately stable macroeconomic conditions, reporting notable top- line growth during the year ended 31st March 2024. Group’s Crop Solutions, Agri Produce and Health and Personal Care sectors led growth, while the Crop Solutions segment remained the major contributor to […]

May 13, 2024

Group reports best-ever financial performance with record profit of AED 18.7 billion (US$ 5.1 billion), up 71% from last year, record revenue, and record level of cash assets. Group revenue increased 15% to a new high of AED 137.3 billion (US$ 37.4 billion), driven by strong customer demand across its businesses. Ends year with highest-ever […]

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 […]

November 10, 2023

Hemas Holdings PLC (HHL) delivered resilient results in the first six months of the financial year 2023/24 to post a cumulative Group revenue of Rs. 59.0 billion, a 13.5 per cent growth over previous year. Amidst the increasing strain on operating expenses, the Group’s operating profit and earnings for the period experienced […]

May 31, 2023

Q1 Revenue grows 49.7% to Rs 1.489 billion Pre-tax profit up 44.6% to Rs 417.2 million Major investments in replanting of rubber and tea to continue in 2023 Agalawatte Plantations PLC (APL) has reported impressive revenue and profit growth in the first quarter of 2023, consolidating on the remarkable turnaround achieved subsequent […]

May 17, 2023

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

Posts revenue of Rs 84 billion for full year; Rs 17.3 billion in Q4 Sri Lanka’s first multinational textile manufacturer Teejay Lanka PLC has ended 2022-23 with noteworthy revenue and gross profit growth demonstrating its resilience in the face of external challenges and higher taxation that pressured profits in the second half […]

May 15, 2023

Colombo, May 15, 2023 – Sri Lanka Telecom Group (SLT Group), the National ICT Solutions Provider, recorded positive consolidated revenues of Rs. 26.6 Bn for Q1 2023, an increase of 2.1%, compared to the same period last year, led by robust growth at company level from SLT, demonstrating resilience and optimism in […]

March 1, 2023

PHOTO-01-Chairman-of-Seylan-Bank-Mr.-Ravi-Dias-LBN.jpg

Seylan Bank reported a robust Profit before Tax (PBT) of LKR 6.6 Bn, a 10% growth for the year ended 31st December 2022 while recording a Profit after Tax (PAT) of LKR 4.7 Bn delivering a stable performance. The results were further buoyed by an impressive 72% rise in Net Interest Income […]

Hemas Holdings Boosts Profitability through Efficiency in a Challenging Market

Pinterest advertising revenue forecast to reach $4.2bn in 2025, rising 17.1% year-on-year, as the platform embraces shoppability and AI

CIC Holdings delivers robust FY24 results, records Rs. 76.4 b top-line with 12% growth

Emirates Group announces 2023-24 results

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

Hemas Shows Resilience in Q2 2023/24 with Strong Performance

Damro revived Agalawatte Plantations in verdant start to 2023

Teejay ends 2022-23 with 70% revenue growth despite tough H2

SLT Group achieves stable revenues for Q1, remaining resilient despite challenges

Seylan Bank 2022 Net Interest Income soars to 72% with robust revenues reconfirming stable growth