Though Sri Lanka’s tourism sector has recovered its Covid-19 losses, with hotel operators seeing gross profit margins significantly improving, certain operators’ net profitability margins are yet to recover, SenFin Securities’ findings on the financial performance of the sample six operators, between the financial year of 2022 and 2026 shows. The advisory, commenting on the performance […]
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The Asian Development Bank (ADB) is supporting the Sri Lanka Upper Watershed Ecological Restoration Program (SUWERP) to strengthen institutions, mobilize sustainable financing and scale up ecological restoration, Shannon Cowlin, Country Director for Sri Lanka, ADB told the Serendipity Knowledge Program ‘Investing in Sri Lanka’s Upper Watersheds: Unlocking Natural Capital for a Resilient Future’ held in […]
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The Teejay Group recorded revenue of LKR 15.64 billion in the quarter ended 30th June 2026 of FY2026/27, representing a marginal 1% year-on-year decline. The muted performance was primarily driven by lower sales volumes, continued pricing pressure from key customers and subdued demand across key markets. In addition, geopolitical disruptions, including the Strait of Hormuz […]
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Fabindia Sri Lanka proudly celebrates its first anniversary, marking a remarkable year of bringing India’s rich artisanal heritage, sustainable craftsmanship, and timeless lifestyle experience to Sri Lankan customers. Since opening its flagship store at Havelock City Mall in partnership with The Swadeshi Industrial Works PLC, Fabindia has been warmly embraced by customers seeking authentic, handcrafted […]
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◆ Group Core Business Profit After Tax of LKR 4.1 Bn◆ Group Total Capital Adequacy Ratio of 15.746%◆ Group Net Fee and Commission Income up by 29% to LKR 4.2 Bn◆ Group Total Assets up by 7% to LKR 921 Bn DFCC Bank entered the second half of 2026 with a larger and increasingly diversified franchise, […]
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As the boundaries between technology, business, leadership and governance continue to converge, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will present its flagship 47th National Conference of Chartered Accountants from October 7 to 9, 2026 at the Monarch Imperial, Sri Jayewardenepura Kotte, under the theme “FUSION: Connecting Ideas, Creating Impact.” Announcing […]
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Nations Trust Bank PLC (NTB) reported a strong performance in the first six months ended 30th June 2026, recording a Profit After Tax (PAT) of LKR 15.6Bn. Following a PAT of LKR 4.6Bn reported in Q1, the Bank’s performance accelerated significantly in the second quarter with operations commencing 1st May 2026, with the successful acquisition […]
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• Loan book grows by Rs. 270.4 Bn. in 6 months to Rs. 2.36 Tn.• Total assets up by Rs. 361 Bn. to Rs 3.74 Tn. The Commercial Bank of Ceylon Group has reiterated its leadership in financial intermediation, becoming the first private sector banking group in Sri Lanka to cross the Rs. 3 trillion […]
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Sampath Bank delivered a strong financial performance for the six months ended 30th June 2026, reporting Total Operating Income of Rs 63.3 Bn, an increase of 17% compared to the corresponding period last year. The Bank’s performance was driven by sustained growth across its core revenue streams, with Net Interest Income increasing by 11% and […]
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Amãna Bank PLC in collaboration with the Philatelic Bureau of the Department of Posts of Sri Lanka launched a Special Commemorative Cover and Stamp in celebration of the Bank’s 15th Anniversary. The ceremonial launch was held on August 12, to honour and mark Amãna Bank’s contribution to Sri Lanka’s financial services landscape and its distinctive […]
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