Business

Softlogic Holdings PLC delivered a robust business performance in 1QFY22 achieving a consolidated top line of Rs. 24.5 billion, up 73% (1QFY21 - Rs. 14.2 billion). The quarterly operating profit was Rs. 2.3 billion (operating loss of…

The Professionals National Front (PNF) alleged that any reform laws governing the Urban Development Authority (UDA) may be part of the Millennium Challenge Corporation (MCC) agenda for land reform in Sri Lanka. They noted that the…

Indian biotechnology company Bharat Biotech has repurposed its Chiron Behring manufacturing plant in Ankleshwar, Gujarat, to scale up production of its anti-Covid vaccine, Covaxin, said people familiar with the development. The…

Manufacturing PMI increased further in July 2021 recording an index value of 57.8 with an increase of 7.4 index points compared to June 2021. This was mainly attributable to the increases observed in new orders, production, employment,…

The introduction of Delivery Versus Payment (DVP) is the most meaningful change to the Colombo Stock Exchange (CSE) trading infrastructure in several decades. The CSE implemented the DVP Settlement mechanism as scheduled on 16th August…

Abans PLC, has reported a commendable performance in Q1 FY22, despite the pandemic-induced economic slow-down intensified by a month-long island wide lockdown. Abans PLC generated revenue of Rs. 10.6 billion in Q1 FY22 against Rs. 6.7…

First Capital Holdings PLC (the Group), a member of the Janashakthi Group recorded a Profit after Tax of LKR 136Mnfor the first quarter of 2021 (1stQuarter of 2021/22) compared to LKR 1.46Bn in the corresponding period of the previous…