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E.B. Creasy posts robust Q1 FY26 with 146% rise in PBT

Daily FT

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August 18, 2025

DIVERSIFIED conglomerate E.B. Creasy & Co PLC has commenced FY26 with a robust performance, demonstrating significant growth across both revenue and profitability.

Consolidated revenue rose 28% year-on-year to Rs. 8.6 billion, supported by sustained momentum across the Group’s core business segments while the Profit Before Tax increased 146% to Rs. 479 million. The Profit After Tax climbed 204% to Rs. 298 million, marking a significant improvement over the same period last year. Management attributed the performance to the effective execution of operational strategies, ongoing product innovation, and disciplined financial management.

The Group’s balanced portfolio and sectoral diversity continued to drive resilience, positioning E.B Creasy & Co PLC for sustained growth in the remainder of the financial year.

The Consumer segment was the largest revenue driver, contributing 61% of Group turnover, with Healthcare and Industrial segments accounting for 16% and 22%, respectively, highlighting the Group’s diversified business model and well-balanced revenue streams.

Daily FT'den DAHA FAZLA HİKAYE

Daily FT

Three Trinitians in SL Under-19 Cricket WC squad

THREE Trinitians who represented Sri Lanka at the Asia Cup 2025 last month found their places in the 2026 ICC Under-19 World Cup which is currently taking place in

time to read

1 min

January 05, 2026

Daily FT

Daily FT

Arrest without authority: Trump, Maduro, and strain on international law

PRESIDENT Donald Trump's address on 3 January announcing the “arrest” of Venezuelan President Nicolés Maduro marks one of the most consequential and controversial assertions of power in contemporary international relations.

time to read

5 mins

January 05, 2026

Daily FT

Daily FT

Parliamentary Pensions (Repeal) Bill gazetted for legislative approval

THE Parliamentary Pensions (Repeal) Bill has been published in the Government Gazette, paving the way for the abolition of pension entitlements granted to Members of Parliament and their spouses under existing law.

time to read

1 min

January 05, 2026

Daily FT

Tax relief for donated dates during Ramadan 2026

THE Cabinet of Ministers last week approved tax relief for dates imported as donations or gifts for free distribution during the upcoming Ramadan fasting season, which will be observed from 19 February to 21 March.

time to read

1 min

January 05, 2026

Daily FT

Daily FT

Record arrivals and diminishing returns: Part 1

Marketing 101 - What our customers are really telling us

time to read

5 mins

January 05, 2026

Daily FT

Govt. expands 'Suraksha' student insurance scheme with additional benefits

THE Cabinet of Ministers at their meeting last week approved the continuation of the 'Suraksha' Student Insurance Program for the 2025-2026 academic year, along with a series of amendments to expand coverage and improve access.

time to read

1 mins

January 05, 2026

Daily FT

Daily FT

Reassessing Sri Lanka’s 2026 outlook after Cyclone Ditwah

A balance sheet of the record of President Dissanayake’s National Peoples Power (NPP) Government could put the economy in the credit box.

time to read

5 mins

January 05, 2026

Daily FT

Daily FT

TMC Mount Lavinia opens new lounge, outlines future initiatives

THE Management Club (TMC) Mount Lavinia successfully marked the opening of its new clubhouse at the Mount Lavinia Hotel, strengthening its commitment to leadership development, professional collaboration, and member engagement.

time to read

1 min

January 05, 2026

Daily FT

Evolution Auto partners New Jayasekara Auto Motors to bring vehicle showroom to Kurunegala

EVOLUTION Auto, a pioneer in Sri Lanka's electric mobility sector, has officially opened its multi-brand electric vehicle (EV) showroom in Kurunegala, in collaboration with New Jayasekara Auto Motors Ltd.

time to read

1 mins

January 05, 2026

Daily FT

Daily FT

Education at risk: Protecting childhood in a digital age

From Italy's curriculum bans to Sri Lanka's textbook scandal, Governments face a reckoning over child safety in education

time to read

10 mins

January 05, 2026

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