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Strong growth drives LCB Finance to best-ever interim results

Daily FT

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December 08, 2025

LCB Finance PLC has reported a significant rise in profitability for the first half of the financial year 2025/26, posting a Profit Before Tax (PBT) of Rs. 298.32 million for the six months ended 30 September 2025.

Strong growth drives LCB Finance to best-ever interim results

CEO/Executive Director K.G. Leelananda

This marks a sharp increase compared to Rs. 65.8 million recorded during the same period in 2024. The company attributed this strong performance to its ability to expand its portfolio while maintaining sustainable growth through disciplined cost management. The cost-to-income ratio was maintained at 49%, underscoring operational efficiency and prudent expense control.

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Daily FT

Role of the Opposition in a time of national crisis

WE as a country are once again facing a moment of profound national trauma. The recent natural disaster-one of the worst since the 2004 tsunami-has left nearly a thousand confirmed dead or missing and caused an estimated $ 7 billion in economic damage.

time to read

2 mins

December 08, 2025

Daily FT

Daily FT

People’s Bank triumphs at Great HR Awards

PEOPLE’S Bank has been honoured at the Great HR Awards 2025, receiving the prestigious title of “Best Talent Acquisition Organisation of the Year 2025”.

time to read

1 min

December 08, 2025

Daily FT

Daily FT

Serendib Flour Mills recognised for excellence at National Quality Awards

SERENDIB Flour Mills Ltd., has been recognised with a Merit Award under the Medium-Scale Manufacturing Organisations category at the Sri Lanka National Quality Awards (SLNQA) 2023, presented by the Sri Lanka Standards Institution (SLSI), held in November.

time to read

1 min

December 08, 2025

Daily FT

IFC urges Sri Lanka to lock in reforms, leverage private capital to reach 7% growth target

INTERNATIONAL Finance Corporation (IFC) South Asia Regional Director Imad Fakhoury has urged Sri Lanka to move beyond economic stabilisation and decisively enter a phase of competitive, private sector-led growth, warning that the Government’s limited fiscal room makes sustained reforms and private capital mobilisation indispensable.

time to read

3 mins

December 08, 2025

Daily FT

Daily FT

Unity Plaza lights up Colombo's digital future with largest triple-faced LED display

Launch marks culmination of Unity Plaza's multi-year modernisation journey, positioning it at the centre of the nation's advancing digital future and reinforcing its role as Sri Lanka's leading technology hub

time to read

2 mins

December 08, 2025

Daily FT

Daily FT

People’s Bank secures top accolades at South Asian Business Excellence Awards 2025

PEOPLE’S Bank was recognised with two prestigious titles— Best Bank in the Public Banking Sector and Sustainable Bank of the Year in the Public Banking Sector—at the South Asian Business Excellence Awards 2025 (SAPS), held recently at Cinnamon Life — City of Dreams, Colombo.

time to read

1 min

December 08, 2025

Daily FT

Daily FT

CBSL directs banks on debt relief for disaster-hit borrowers

THE Central Bank of Sri Lanka (CBSL) as the regulator has directed all licenced banks to implement a series of relief measures for individuals and businesses whose income or operations were directly affected by the recent cyclonic-related natural disasters.

time to read

2 mins

December 08, 2025

Daily FT

IMF postpones SL's Fifth Review to assess emergency funding

THE International Monetary Fund (IMF) yesterday confirmed that Sri Lanka's request for $ 200 million in emergency financing now takes priority over the Fifth Review of the Extended Fund Facility (EFF), which will be deferred to early next year.

time to read

1 mins

December 08, 2025

Daily FT

Daily FT

Batsmen make merry on rain-free day

TEST stars Dinesh Chandimal and Dhananjaya de Silva, Pasindu Sooriyabandara, Sharujan Shanmuganathan, and Himasha Liyanage thumped centuries on a rain-free second day of the SLC Major Club 3-Day tournament to place their respective clubs in a strong position.

time to read

2 mins

December 08, 2025

Daily FT

Acuity Knowledge Partners rebrands to Acuity Analytics and launches new website

ACUITY Knowledge Partners has announced its rebrand to Acuity Analytics, the new trading name for the firm.

time to read

2 mins

December 08, 2025

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