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Cargills reports strong Q1 performance

Daily FT

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August 11, 2025

Reinforces commitment to national development

CARGILLS (Ceylon) PLC has posted a robust start to the 2025/26 financial year, recording a 46.3% year-on-year (YoY) increase in Group Profit After Tax (PAT) to Rs. 2.2 billion for the quarter ended 30 June 2025, the company said in a statement.

Group revenue rose 11.2% to Rs. 66.7 billion, driven by strong topline growth across the core segments—Retail, FMCG, and Restaurants. Earnings Before Interest, Taxes, Depreciation, And Amortisation (EBITDA) for the quarter increased by 11.9% to Rs. 6.5 billion.

This performance was supported by seasonal demand, sustained operational efficiencies, and lower finance costs, despite rising overhead expenses.

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6 wins, 3 Category Bests: WYLD Global shines at SLIM DIGIS in debut year

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Phoenix products feature at Saudi INDEX Expo – 2025 in Riyadh

SRI Lanka's reputed Phoenix company products were featured at the INDEX Saudi Arabia Expo 2025 held from 09 to 11 September 2025 at Front Exhibition and Conference Centre in Riyadh.

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1 min

September 18, 2025

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Trade Promoters announces partnership with Lovol in Sri Lanka

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1 min

September 18, 2025

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AHRP, Sentiva, and Altrium sign landmark MoU

MoU unites AHRP's new brand and member platforms, Sentiva's Al-native HR innovation, and Altrium's global engineering expertise to redefine the future of HR

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2 mins

September 18, 2025

Daily FT

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First Sri Lankan-owned tower company “SGH TowerCo” secures landmark licence for connectivity growth

TRCSL grants SGH TowerCo a milestone licence to build and operate telecom infrastructure, bringing global best practices to Sri Lanka and powering the nation’s digital transformation

time to read

1 mins

September 18, 2025

Daily FT

Crafting legacy through collaboration and synergy

THE recent decision by business magnate Dhammika Perera to acquire 50% of LAUGFS Holdings Ltd. (LHL) has taken the Sri Lankan corporate world by surprise.

time to read

7 mins

September 18, 2025

Daily FT

10th IFFSA Conference and Awards to spotlight surge in Islamic finance interest across Sri Lanka and region

ISLAMIC Banking and Finance (IBF) in South Asia continues to demonstrate impressive growth, with the sector maintaining consistent double-digit expansion and showing a sharp resurgence in recent years.

time to read

2 mins

September 18, 2025

Daily FT

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Alumex: Four decades of aluminium excellence, innovation and sustainability

FOR nearly 40 years, Alumex PLC has been a cornerstone of Sri Lanka’s aluminium industry. Established in 1988, the company has transformed from a modest joint venture into the undisputed market leader and a growing regional player. Its journey has been marked by resilience, innovation, and a relentless focus on quality and sustainability. Today, Alumex is not only Sri Lanka’s leading aluminium extruder but also a trusted solutions provider and training hub, committed to empowering customers and strengthening the technical workforce.

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7 mins

September 18, 2025

Daily FT

Insurance, healthcare veteran Deepthi Lokuarachchi joins Siyapatha Finance Board

SIYAPATHA Finance PLC has announced the appointment of insurance and healthcare veteran Deepthi Lokuarachchi as an Independent Non-Executive Director, subject to the approval of the Central Bank of Sri Lanka Department of Supervision of Non-Bank Financial Institutions Director.

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1 min

September 18, 2025

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Cricket and no handshake: When politics enters sporting arena

THE Indian cricket team’s decision not to shake hands with members of the Pakistan cricket team at the conclusion of the Group A match of the Asia Cup 2025 on Sunday at the Dubai International Stadium drew more attention than the match results.

time to read

2 mins

September 18, 2025

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