Aitken Spence posts 22% growth in PBT in 2017/18
Aitken Spence PLC recorded a steady financial performance for the twelve months ending 31st March 2018 with a 22% year-on-year…
Tag: revenue
Hayleys first listed firm to cross $1b turnover
Building on a strong momentum gathered over the final quarter of FY 2017/18, Sri Lanka’s leading diversified conglomerate Hayleys PLC…
Singer revenue increases by 13% in 1Q 2018 to Rs. 13.6 billion
The Singer Group revenue in the quarter ended 31st March 2018 was Rs. 13.6 billion, an increase of 13% compared…
Facebook posts record revenues for first quarter despite privacy scandal
Company sees almost $12bn in revenue, up nearly 50% from last year and beating analyst estimates as Zuckerberg hails ‘strong…
Sri Lanka Telecom connected two million homes with fiber at end 2017
Sri Lanka Telecom (SLT) says it connected some two million households to fiber by the end of December 2017. With…
All’s well with IRA
By Uditha Jayasinghe Barely a day after the new Inland Revenue Act (IRA) came into force, Finance Minister Mangala Samaraweera…
Sri Lanka needs to create an environment that rewards investment: Harvard economist
Sri Lanka should move towards a simpler tariff structure, and implement direct taxes on things like income and property to…
Rs. 21.9 bn budget surplus recorded in first ten months of 2017
A budget surplus of Rs 21.9 billion has been recorded during the first ten months of 2017, the Finance Ministry…
Sri Lanka budget keeps to IMF plan but fiscals still weak – Fitch
The global rating agency, Fitch Ratings says Sri Lanka’s budget for 2018 sticks broadly to the targets for fiscal deficit…
Singer Revenue Grows to Rs 37 Billion Despite Challenging Environment
The Singer Group announced results for the nine months ending September 30th 2017 with revenues increasing to Rs. 37.0 billion,…