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Somerset Estate

All-time Tea Record Price by Somerset Estate

Somerset Estate, Talawakelle achieved an all-time record price of Rs. 890 on a BOPSp grade in the Western High Grown category, which was sold at the eighth E-Auctions for the year held on 23 February. This line of tea was purchased by St. Clair Teas Ltd. and was auctioned through Forbes & Walker Tea Brokers…


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Dipped Products on a tear as pandemic boosts demand for rubber gloves

Dipped Products PLC has seen higher sales for its rubber gloves, due to COVID-19-related healthcare requirements. The company, which has glove making facilities in both Sri Lanka and Thailand, along with its tea and rubber plantations, reported revenues of Rs.12.3 billion for the three months to December 31, 2020 (3Q21), up 55 percent from the…


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Singer Launches Sony’s Innovative Entertainment Solutions

Singer Sri Lanka PLC, the country’s premier consumer durables retailer, in a pioneering virtual launch recently unveiled an all new entertainment product portfolio from Sony including 4K UHD Android Television series, new range of Sony Audio systems, Active Noise Cancellation powered Headphones and range of Sony Sound Bars. The launch event was the first of…


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Hayleys Posts Best-ever PAT of Rs. 8.20b; Foreign Currency Earnings Exceed $443m

The Hayleys Group said yesterday it has maintained remarkable growth momentum in the first nine months of FY 2020/21, delivering its highest ever pre-tax profit of Rs. 11.51 billion which represents a tripling of profitability compared to the corresponding period of last year. “The performance reflects exceptional growth in the core performance of the Group’s…


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SINGER PARTNERS WITH ANOMA’S KITCHEN

Singer Sri Lanka PLC announced its partnership with Anoma Wijethunga, the founder of Anoma’s Kitchen, a leading cooking YouTube channel in Sri Lanka, for an exclusive product awareness video series. The two parties signed the MoU at the Singer Mega Colpetty Store. Read more.


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HAYLEYS LISTED FIRMS POST IMPRESSIVE RESULTS

Hayleys PLC’s listed subsidiaries have posted impressive 3Q and nine-month results beating analysts forecast, whilst parent’s performance is expected to be disclosed today. As per results released by Friday, 14 listed subsidiaries of Hayleys reported near Rs. 4 billion profit for the third quarter and Rs. 8.5 billion for nine months. Read the full article…


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BLISSFUL ROMANCE AT AMAYA RESORTS & SPAS

St. Valentine’s Day – when love is celebrated the world over; when you make that extra special effort to show that special someone in your life how much they mean to you. Why not escape to the verdant, misty hill country or the cultural triangle this Valentine’s weekend and pay homage to love with Amaya…


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TRUE LOVE AT THE KINGSBURY

In honour of St. Valentine and the celebration of true love, The Kingsbury Colombo has an exciting line up of events, carefully curated to make this Valentine’s Day meaningful and memorable. Indulge, celebrate and enjoy the day of love on 14 February with A High Tea To Love, A Classic Valentine’s Day Romance, Cocktails &…