LOLC Group achieves first-ever historic profitability in Sri Lanka’s corporate sector, recording a stunning Rs. 57 Bn in PBT
May, 31, 2021
Sri Lanka’s most valuable and globally diversified financial conglomerate, the LOLC Group, posted a record-breaking performance for the financial year ending 31st March 2021, achieving unprecedented bottom line results of Rs. 57Bn in Profit Before Tax (PBT), and a Profit After Tax (PAT) of Rs. 53Bn - a first for any corporate in the country. By achieving profits on this massive scale in the history of Sri Lanka’s corporate world, the Group once again consolidated its position as the top most profitable diversified corporate in the country, three years in a row - establishing LOLC as one of the largest Micro and Small & Medium Enterprises (MSME) platforms in the world.
2020-12-18 07:35:34 GMT2020-12-18 15:35:34(Beijing Time) Xinhua English
COLOMBO, Dec. 18 (Xinhua) Prominent conglomerates from Sri Lanka and China on Thursday signed a landmark agreement to commence the first large scale investment in the multi-billion-dollar port city project in capital Colombo which will strengthen Sri Lanka s economy and its development sector in the international market.
The agreement was signed between Browns Investments PLC, the Strategic Investment Arm of the LOLC Group which is one of the largest and most diversified conglomerates in Sri Lanka and China Harbour Engineering Company Limited (CHEC), in the presence of Prime Minister Mahinda Rajapaksa and Ambassador of China to Sri Lanka Qi Zhenhong, to invest in the Colombo International Finance Centre (CIFC) Mixed-Use Development Project in the Colombo Port City, a statement said.
Sri Lankan, Chinese conglomerates join to invest international finance centre in Colombo Port City - Xinhua xinhuanet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from xinhuanet.com Daily Mail and Mail on Sunday newspapers.
Browns Investments signs MoU with CHEC for $1bn mixed development project in port city
December, 17, 2020
LOLC Holdings PLC s strategic investment arm, Browns Investments PLC announced today (17) that it has entered into momentous memorandum of understanding (MoU) to partner with China Harbour Engineering Company Limited ( CHEC) to commence the Colombo International Finance Center (CIFC) mixed development project in the Colombo Port City (CPC). China and Sri Lanka have long established and enduring relationship characterized by economic cooperation and societal collaboration and hence, this partnership further underlines the confidence and the commitment to development in the country through the combination of a world-renowned Sri Lankan conglomerate and a distinguished Chinese enterprise, the company said in a stock exchange filing.
Port City Colombo secures LOLC’s and CHEC’s Investment; sets the stage for the One Billion Dollar “Colombo International Financial Centre”
December, 17, 2020
Browns Investments PLC, the strategic investment arm of the LOLC Group, has entered into a landmark Agreement to partner with China Harbour Engineering Company Limited to commence the Colombo International Finance Centre Mixed Development Project in the Port City Colombo. China and Sri Lanka have long established an enduring relationship characterised by economic cooperation and societal collaboration, so this partnership further underlines the confidence and commitment to development in the country through the combination of a world-renowned Sri Lankan conglomerate and a distinguished Chinese enterprise.