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Cargills reports strong Q1 performance

Daily FT

|

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.

MEER VERHALEN VAN Daily FT

Daily FT

Global markets open 2026 higher

GLOBAL stock markets began 2026 on a positive note, with major indices in Britain and South Korea reaching record levels as investor optimism around artificial intelligence extended into the New Year.

time to read

1 mins

January 03, 2026

Daily FT

Daily FT

Rooted in Change: Kelani Valley's bold climate crusade with UN Global Compact Network Sri Lanka

IN a world gasping under the weight of its own carbon footprint, where floods wash away futures and droughts rewrite destinies, sustainability leadership can no longer be a lofty ambition-it must be a grounded commitment.

time to read

4 mins

January 03, 2026

Daily FT

Daily FT

Russel's hosts Christmas decorations competition at head office

Russel's successfully hosted its annual Christmas Decorations Competition among its divisions at the Russel's Head Office in Punchi Borella, bringing together employees to celebrate the true spirit of Christmas through creativity, unity, and festive cheer.

time to read

1 min

January 03, 2026

Daily FT

Daily FT

What is local governance?

LOCAL governance is about managing public affairs at the community level.

time to read

5 mins

January 03, 2026

Daily FT

AMF withdraws proposed listed high-yield bond issue

ASSOCIATED Motor Finance Company PLC (AMF) yesterday announced the withdrawal of its proposed listed, rated, unsecured, subordinated, redeemable high-yield bond issue to raise Rs.

time to read

1 min

January 03, 2026

Daily FT

Oil posts sharpest yearly drop since pandemic

OIL prices recorded their steepest annual decline since the COVID-19 pandemic in 2025, with markets facing continued pressure from excess supply as producers pump more crude than the global economy requires.

time to read

1 min

January 03, 2026

Daily FT

Cleantech and Pepsi partner to accelerate Sri Lanka's circular economy journey

CLEANTECH Ltd., since 1998 has played a pivotal role in maintaining cleanliness and hygiene across key areas in Colombo.

time to read

2 mins

January 03, 2026

Daily FT

Sports Ministry issues clarification on provision of Sugathadasa Stadium for musical concert

THE Sports Ministry yesterday issued the following clarification over the situation that has arisen concerning the use of the Sugathadasa Stadium for a musical concert.

time to read

1 min

January 03, 2026

Daily FT

Daily FT

VENUS Williams, 45, gets Australian Open wildcard

VENUS Wiliams is set to become the oldest female player to compete in the Australian Open main draw at the age of 45.

time to read

1 min

January 03, 2026

Daily FT

Daily FT

Sri Lanka’s collision with nature: Lessons from India to address agrarian question and employment

NATURE seems to be at war with a market-driven investment pattern slowly decaying the means of survival for the masses.

time to read

9 mins

January 03, 2026

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