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ComBank Group 3-month net operating income up 66% to Rs 28.3 bn

Total assets cross Rs. 2 tn., first private sector bank to achieve the milestone BusinessProf. Ananda Jayawardane and Sanath Manatunge Tags: Print EditionThe Commercial Bank Group has posted a balanced financial performance for the…

Sampath Bank Group posts Rs 4.9 bn PAT for 1Q 2022

Solid 248% growth in exchange incomeBusinessHarsha Amarasekera, Nanda FernandoTags: Print EditionNotwithstanding the extremely challenging economic conditions which prevailed, Sampath Bank registered a profit before tax (PBT) of Rs 6.5…

HNB assets cross Rs 1.5 tn, advances cross Rs 1 tn in 1Q 2022

BusinessAruni Goonetilleke and Jonathan AllesTags: Print EditionIn the backdrop of turbulent market conditions, Hatton National Bank PLC continued to demonstrate resilience, strength and stability, posting a profit before tax of Rs 5.9…

Dialog grows 16% in Q1, forex flips NPAT to negative Rs.15.8 bn

BusinessTags: Print EditionDialog Axiata PLC announced, its consolidated financial results for the three months ended March 31 2022. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group…

Trade deficit widens in February

BusinessTags: Print EditionThe External Sector report for February 2022 shows that there had been significant growth in the importation of tradable items into the economy. Despite merchandise exports growing 14.7% to just over US$ 1…

India to become 2nd largest construction equipment manufacturing market

BusinessShirajiv Sirimane in BengaluruTags: Print EditionChief Minister of Karnataka Basavaraj Bommai, and Minister of State for Road Transport & Highways & Civil Aviation, Government of India General V K Singh, inaugurate…

SLT Group demonstrates resilience in delivering value to nation despite challenges

Records consolidated revenue growth of 5.4% to Rs 26 bn in Q1 2022BusinessRoshan Fernando, Lalith Seneviratne, Janaka Abeysinghe and Chandika VitharenaTags: Print EditionSri Lanka Telecom Group (SLT Group) recorded a consolidated…

Amana Bank records best ever quarterly performance in Q1 2022

BusinessChairman - Asgi Akbarally and CEO Mohamed AzmeerTags: Print EditionAmana Bank PLC recorded its best ever quarterly performance since inception recording an impressive 78% YoY growth in Profit Before Tax (PBT) and a 92% YoY…

DIMO complete first fully operational microgrid system at Moratuwa University

BusinessTags: Print EditionWith the recent successful completion of the nation’s first comprehensive grid-tied renewable energy microgrid project at the University of Moratuwa (UOM), DIMO, a leading diversified conglomerate in Sri…