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Sri Lankan shares close lower as financials, consumer staples fall

Sri Lankan shares closed lower on Tuesday, dragged down by losses in financial and consumer staple stocks, although gains in communication services capped further decline. ....

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Dialog Improves Profitability in Q1 due to Favorable Forex, Margins Impacted by Inflation - Adaderana Biz English

Q1 23 Revenue recorded at Rs 50.1Bn, down 2% QoQ and up 31% YoY Q1 23 EBITDA recorded at Rs.13.0Bn, up 30% QoQ and down 12% YoY Q1 23 NPAT Positive at Rs8.7Bn to Record over 100% Growth both YoY and Total Taxes Paid to GoSL Rs12.2Bn which included Rs4.2Bn in Direct and Rs8.0Bn in. ....

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Dialog, Axiata Group and Bharti Airtel sign binding term sheet to combine operations in Sri Lanka

Dialog Axiata Plc (“Dialog”), Axiata Group Berhad (“Axiata”) and Bharti Airtel Limited (“Airtel”) (collectively “the Parties”), have entered into a binding term sheet to combine operations of Bharti Airtel Lanka (Private) Limited, Airtel’s wholly-owned subsidiary with Dialog, a subsidiary of Axiata Group Berhad. The proposed transaction envisages Airtel being granted a stake in Dialog, representing […] ....

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Winners of FriMi's staycation promotion gear up for getaway – The Island

FriMi’s exclusive debit card staycation promotion came to an end recently in Colombo, when two top spending lucky FriMians Tharindu Tennakoon and Nazeemdeen Nishad received their vouchers for a getaway for two at Citrus Waskaduwa. The winners secured their top spot by being among the highest FriMi spenders during the promotion period which ran until […] ....

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Sri Lankan operators Dialog and Airtel plan merger

Sri Lankan operators Dialog Axiata and Bharti Airtel reportedly plan to merge their operations, creating what would be the nation s largest operator. ....

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