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Overseas Realty records Rs. 4.7 b Profit Before Tax in 1H

Daily FT

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July 25, 2025

OVERSEAS Realty (Ceylon) PLC said yesterday it has recorded a Group Revenue of Rs. 5,258 million and a Group Profit Before Tax of Rs. 4,676 million for the 6 months ending 30 June.

Overseas Realty records Rs. 4.7 b Profit Before Tax in 1H

The depreciation of the Rupee resulted in a net exchange loss of Rs. 274 million compared to a gain of Rs. 1,076 million recorded in the corresponding period of last year on foreign currency loans.

The Fair Value gain recorded from Investment Properties was Rs. 2,331 million compared to the Fair Value gain of Rs. 1,160 million in the same period of last year.

PLUS D'HISTOIRES DE Daily FT

Daily FT

Daily FT

Coca-Cola appoints Mario Perera as Country Head for Sri Lanka and Maldives

THE Coca-Cola Company yesterday announced the appointment of Mario Perera as Country Head fo Sri Lanka and the Maldives With over 14 years of experience in the food and beverage (F&B) industry, Mario brings extensive regional and global leadership experience, having managed global brands across multiple countries.

time to read

1 min

October 14, 2025

Daily FT

World Elite acquires 50% Gestetner stake for Rs. 318.7 m

GESTETNER of Ceylon PLC yesterday said that Hong Kong-based World Elite Ltd. has acquired a controlling 50.01% stake in the company through trades executed in the market.

time to read

1 min

October 14, 2025

Daily FT

Daily FT

Court upholds fair access for tourism operators in Samanalawewa

ECO Team Group, the pioneer of canoeing and kayaking in Samanalawewa, has welcomed a recent Court of Appeal ruling reinforcing fair and transparent access to the lake for all tourism operators.

time to read

1 min

October 14, 2025

Daily FT

Daily FT

Deutsche Bank says SL at turning point; will step up support

GERMANY'S multinational financial services giant Deutsche Bank last week said with macroeconomic indicators improving Sri Lanka is at a turning point and it will step up being a conduit for global capital, enabling trade and investment.

time to read

2 mins

October 14, 2025

Daily FT

Daily FT

Colombo Port posts Rs. 32 b profit YTD Aug. 2025

SLPA says will reinvest earnings to boost transshipment hub status

time to read

1 min

October 14, 2025

Daily FT

Daily FT

Abans Group Director Dr. Dubash honoured with Visionary Leadership Award

ABANS Group has announced that Group Director Dr. Saroshi Dubash has been recognised with the ‘Visionary Leadership in Organizational Excellence’ Award at the 15th Top 50 Professional & Career Women Global Awards 2025, held at Shangri-La Colombo on 9 October.

time to read

1 mins

October 14, 2025

Daily FT

Daily FT

Indian banks can lend in INR in SL, Bhutan, and Nepal

THE Reserve Bank of India has amended regulations allowing Indian banks to extend loans in Indian rupees (INR) to banks and individuals residing in Sri Lanka, Bhutan, and Nepal.

time to read

1 min

October 14, 2025

Daily FT

Daily FT

PE veteran Nissanka Weerasekera joins Lanka Ventures, LVL Energy Fund Boards

LANKA Ventures PLC and LVL Energy Fund PLC have appointed Private Equity veteran Nissanka Weerasekera to their Boards as an Independent Non-Executive Directo.

time to read

1 mins

October 14, 2025

Daily FT

Value-Based Banking' GABV Asia-Pacific Chapter Meeting 2025 in Colombo

THE Global Alliance for Banking on Values (GABV) will host its Asia-Pacific Chapter Meeting 2025 in Colombo, Sri Lanka, from 15 to 16 October, bringing together CEOs and senior leaders from over 20 member banks across the region.

time to read

2 mins

October 14, 2025

Daily FT

New Finance and Economic Development Deputy Ministers resume duties

ANIL Jayantha Fernando and U.D. Nishantha Jayaweera assumed duties yesterday as Finance and Planning Deputy Minister and Economic Development Deputy Minister, respectively.

time to read

1 min

October 14, 2025

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