By Hiran H,Senewiratne Aberdeen Holdings, a privately-held diversified conglomerate in Colombo, has shed 4.5 per cent of its stake in Ex-Pack Corrugated Cartons PLC for Rs. 240 million, CSE sources said. It is said that I15 million shares were done via two crossings at Rs. 16 each. Overall Ex-Pack saw 20.4 million shares changing hands […]
By Hiran H.Senewiratne The CSE gained over 1 per cent in mid-day trade yesterday pushed by Chevron Lubricants, Aitken Spence and Lanka IOC. The market remained extremely bullish yesterday too with mixed reactions in indices while the turnover exceeded the Rs 5 billion level. However, profit- takings were noted in certain blue-chip companies due to […]
-Showcases resilience in business model- Sri Lanka Telecom Group (SLT Group), the National ICT Solutions Provider, posted stable growth for the first half of 2022, with revenues increasing by 6% to Rs 52.9 Bn and a 19.8% increase in profit before tax (PBT) at Rs. 7.2 Bn against the same period last year, showcasing resilience […]
Watawala Dairy Limited Chief Executive Officer Binesh Pananwala was unanimously elected the new President of the All Island Dairy Association (AIDA) at the private sector body’s third Annual General Meeting, which was held virtually. Pananwala replaces Founding President and Richlife Dairy Private Limited Chief Executive Officer Nishantha Jayasooriya, who held the post for four years..
By Hiran H.Senewiratne The CSE could look forward to more foreign investments coming into the market with the US inflation rate soaring to more than 7.5 per cent currently. When inflation hits these heights, foreign investors could consider investing in other countries’ equity markets, especially in frontier markets like Sri Lanka, stock market analysts said. […]