Singer (Sri Lanka) PLC. being a trusted brand for local consumers with its diversified product portfolio was able to bag the People’s Brand of the Year 2021 for the 15th consecutive year at the recently concluded SLIM Brand Excellence Awards 2021. The Sri Lanka Institute of Marketing (SLIM) and Nielsen Sri Lanka – one of…
Mahesh Deepal finished with impressive figures of 05 wickets for 20 runs in 05 overs, as he steered Hayleys Group ‘B’ to their fourth successive win, beating Aitken Spence by 09 wickets in the ongoing 10th Stafford Motor Co. sponsored ‘Honda’ Trophy – MCA ‘G’ division 25 Over League Tournament 2021, continued last weekend (27-28…
Somerset Estate, Talawakelle previously achieved an all-time record price of Rs. 890 on a BOPSp grade in the Western High Grown category at the auction concluded on 24 February. Exactly a month after and almost at the end of the Dimbulla Quality Season, the Estate has bettered its own record at Sale No. 12 held…
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.
Singer Finance (Lanka) PLC has announced plans to raise Rs. 2 billion via listed debenture issue. Its Board has resolved to issue up to 20 million listed, rated, unsecured, subordinated, redeemable debentures of Rs. 100 each. The move is subject to regulatory approval. Source
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…
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…
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…
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…
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…