Singer Finance PLC plans to raise Rs. 2 billion via the issuance of Listed, Rated, Unsecured, Subordinated Redeemable Five Year debentures of Rs. 100 each. It will issue 10 million debentures initially and in the event of an oversubscription a further 10 million will be offered. Type A debentures would be at a fixed coupon…
Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL, A+(lka)/Stable) Sri Lanka rupee-denominated subordinated unsecured debentures a final national long-term rating of ‘A-(lka)’. The assignment of the final rating follows the receipt of documents conforming to information previously received. The final rating is in line with the expected rating assigned on March 22, 2021.The debentures…
Sri Lankan multinational Haycarb PLC reported revenue of Rs.25.4 billion, profit before tax of Rs. 4.49 billion and profit after tax of Rs. 3.56 billion for the financial year 2020/21, the company announced this week. Chairman of Haycarb PLC and its parent company Hayleys PLC, Mohan Pandithage said that the company overcame the impact of…
The Sri Lankan multinational Haycarb PLC has reported revenue of Rs. 25.4 billion, profit before tax of Rs. 4.49 billion and profit after tax of Rs. 3.56 billion for the financial year 2020/21. The earnings per share of equity holders of the company was Rs. 10.25 for the year. Haycarb PLC and its parent company…
Exports and service sectors-heavy blue chip conglomerate Hayleys Plc’s investment spree to expand businesses last week crossed the Rs. 45 billion mark since coming under Dhammika Perera’s empire a decade ago, reinforcing its sheer country and growth focus whilst harnessing global opportunities. The surpassing of Rs. 45 billion took place last week when Hayleys acquired…
Bangladesh’s container ship operator HR Lines Ltd. will be launching the Colombo-Chattogram feeder service on 4 April, in partnership with Clarion Shipping Ltd., a subsidiary of Hayleys Advantis Ltd. The operation will commence with two of the newest container vessels to be added to the fleet of HR Lines, MV HR Hera and MV HR…
Singer Sri Lanka PLC clinched prominent awards at SLIM People’s awards2021, reiterating its dominance in the consumer durables sphere. Singer was crowned SLIM People’s Brand of the Year 2021 award for 15th consecutive timet. Forging its way to another achievement, Singer clinched the coveted SLIM People’s Durables Brand of the Year 2021 award, reaffirming its…
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…
For over 10 years, Litro Gas Lanka and Singer Sri Lanka PLC have been in a close partnership that enhanced customer reach and optimised customer access across product portfolios. The two companies recently renewed their strategic partnership as they signed an MOU to extend its scope. Litro Gas Lanka Ltd. and Singer Sri Lanka PLC…
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.