Singer Finance

Fitch Rates Singer Finance’s Sub-Debt ‘A-(lka)(EXP)’

Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL, A+(lka)/Stable) proposed Sri Lanka rupee-denominated subordinated unsecured debentures an expected national long-term rating of ‘A-(lka)(EXP)’. The proposed debentures are to total up to LKR2 billion with a maturity of five years and will carry fixed and floating rate coupons. Read the full article.


Advantis Projects & Engineering Opts for Tata Signa 4018.S Prime Movers from DIMO

DIMO, one of Sri Lanka’s leading conglomerates and the authorised distributor for Tata Motors Ltd. in Sri Lanka, delivered 7 units of Tata Signa 4018.S Prime Movers to Advantis Projects & Engineering Ltd., Sedawatte recently. Tata Signa 4018.S Prime Movers delivered to Advantis Projects & Engineering Ltd. offer higher power-to-weight ratio and higher torque at…

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…