Financial Chronicle - Sri Lanka

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Financial Chronicle - Sri Lanka Financial Chronicle of Latest news, reviews, discussions and analysis of stock market and investment
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30/06/2024

Winds of Change: Sri Lanka's Banking Crisis is Stalling Renewable Energy Ambitions of Local Stalwarts of Wind & Solar Power Sri Lanka's ambitious leap towards

26/06/2024

The financial performance of LAUGFS Power PLC for the year ended March 31, 2024, shows both stability and growth, with notable highlights in hydro and solar energy segments. Performance Highlights Revenue: Total revenue for 2023/24 remained stable at Rs. 967.67 million, a slight decrease from Rs. 96...

26/06/2024

1. Statement of Financial Position Assets: Total Assets: The total assets of LOLC Holdings PLC increased from Rs. 1,566,132 million in 2023 to Rs. 1,735,119 million in 2024. This reflects a significant growth of approximately 10.8%. Cash and Cash Equivalents: Cash and cash equivalents saw an increas...

24/06/2024

Softlogic Holdings PLC (SHL), is faced with a critical decision regarding the upcoming rights issue. This report comprehensively analyzes the financial situatio

19/06/2024

Vallibel One PLC is a leading diversified conglomerate in Sri Lanka, engaged in multiple sectors including lifestyle, finance, aluminum, leisure, consumer, and investments. The company has demonstrated resilience and a commitment to sustainable growth amidst challenging economic conditions. Financia...

19/06/2024

HNB Finance PLC has undergone significant transformation and achieved remarkable financial turnaround during the fiscal year ending 31st March 2024. The company has strategically navigated economic challenges and leveraged its robust operational capabilities to deliver substantial growth and improve...

18/06/2024

The engagement of the International Monetary Fund (IMF) with Sri Lanka, especially under the Extended Fund Facility (EFF), has had significant negative repercu

18/06/2024

Richard Pieris Finance Ltd Reports a Net Loss. The net loss for the 6 months period ending 30th September 2023 stood at Rs. 274mn which indicates a serious los

18/06/2024

Net Profit Decline: Net profit attributable to equity holders of the parent company dropped drastically by 93%, from Rs. 978,907,000 in 2023 to Rs. 64,050,000

18/06/2024

The proposed tax reforms by the IMF, aimed at improving revenue mobilization and fiscal sustainability in Sri Lanka, come with several potential negative impac

18/06/2024

Why depend on Third party Research Reports? Now you can do your own research and analysis of the financial performance of listed companies in Sri Lanka by usin

18/06/2024

Get free stock market information and advise through an Artificially Intelligent Business Assistant for the first time in Sri Lanka. LankaBIZ is designed to of

16/06/2024

Fitch Affirms Richard Pieris Finance Outlook Negative Richard Pieris Finance Ltd Reports a Net Loss: The net loss for the 6 months period ending 30th September 2023 stood at Rs. 274mn which indicates a serious loss of capital endangering the deposit holders. Gross stage 3 loan ratio exceeded 43% wh...

14/06/2024

Colombo Stock market ASPI has appreciated 77% whereas LKR yet remain depreciated more than 48% against USD since April 2022. This indicate the stock market ove

14/06/2024

Comprehensive Analysis of the latest Financial Performance of Richard Pieris and all group companies. srilanka Free Download Link: https://easyupload.i

14/06/2024

Informants may receive an award (up to 15% of revenue collected) when tax is collected based on the information provided, as per the relevant tax laws. How can

14/06/2024

Dr. Sena Yaddehige and S. Thinamany MC Fort 12639/19 Legal action was instituted in the Magistrates Court, Colombo Fort in 2019 against Dr. Sena Yaddehige and

14/06/2024

Richard Pieris Exports PLC one of the premier exporters of rubber products in Sri Lanka is facing serious loss of revenue and facing doubt about future surviva

14/06/2024

Get updated on Sri Lankas latest economic indicators and future outlook via Artificial Intelligence. Ask any question relating to economy of Sri Lanka and get

14/06/2024

Accumulated Net Profits of LKR 189mn turns to a loss of LKR 625mn by the year end in a startling financial misrepresentation by Arpico Insurance PLC , listed i

14/06/2024

For decades, the International Monetary Fund has been the scourge of countries that get into economic trouble, yet its authority has never been seriously chall

14/06/2024

Port City Colombo, a multi-service Special Economic Zone (SEZ) and a regional financial centre and business hub, has made significant progress in capturing key

14/06/2024

Why depend on Third party Research Reports? Now you can do your own research and analysis of the financial performance of listed companies in Sri Lanka by using AI Tools available with LankaBIZ. Simply upload Annual reports or any other PDF document to ChatPDF and get instant answers to your researc...

14/06/2024

The fiscal year ending 31st March 2024 was a period of significant challenges for United Motors PLC. The company's financial performance reflects a mix of strategic successes and difficulties, particularly influenced by the prolonged import restrictions and the overall economic environment in Sri La...

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