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NDB posts PTP of Rs. 2.7 bn for 1H

BusinessTags: Print EditionNational Development Bank PLC (NDB/ the Bank) posted a pre-tax profit of LKR 2.7 billion for H1 2022 for the six months ended June 30 2022. Although a reduction of 56% over the first half of 2021 (the…

“RAMIS deeply unfit for purpose”

BusinessIndunil HewageProf. Mick MooreTags: Print EditionRevenue Administration Management Information System (RAMIS) at the Inland Revenue Department (IRD) is deeply unfit for purpose, says Prof. Mick Moore. “There is no excuse for…

Seylan Bank posts Rs. 1.5 bn PAT for 1H

BusinessTags: Print EditionSeylan Bank recorded a Profit after Tax of Rs. 1,504 mn for the 6 months ended June 30, 2022 against Rs. 2,105 million reported in the corresponding period of 2021. This has been seen by financial analysts as…