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KUALA LUMPUR, Nov 22 — Axteria Group Bhd’s wholly owned subsidiary Axteria Development Sdn Bhd (ADSB) has entered into joint-venture agreements to undertake mixed...
LOLC Group achieves first-ever historic profitability in Sri Lanka’s corporate sector, recording a stunning Rs. 57 Bn in PBT May, 31, 2021 Sri Lanka’s most valuable and globally diversified financial conglomerate, the LOLC Group, posted a record-breaking performance for the financial year ending 31st March 2021, achieving unprecedented bottom line results of Rs. 57Bn in Profit Before Tax (PBT), and a Profit After Tax (PAT) of Rs. 53Bn - a first for any corporate in the country. By achieving profits on this massive scale in the history of Sri Lanka’s corporate world, the Group once again...
LOLC Group records Rs. 4 b 3Q profit, Rs. 45 b for 9 months February, 16, 2021 LOLC Holdings PLC (LOLC) releasing its nine-month results has recorded a PAT (profit after tax) of Rs. 45 billion after adjusting for corporate tax on a PBT (profit before tax) of Rs. 48 billion. The group recorded Rs.4 billion as profits for the third quarter, a healthy performance considering the COVID-19 pandemic situation negatively affecting the financial services and leisure sector directly and other sectors indirectly. The profit attributable to equity holders was Rs.3.42 billion up from Rs.1.46 billion a ...
Dec 17, 2020 (LBO) – The first investment within the Colombo Port City will commence with the one billion dollar Colombo International Finance Centre (CIFC) Mixed Development Project, the Prime Minister’s office announced. The momentous agreement between Browns Investments, the strategic investment arm of the LOLC Group, and China Harbour Engineering Company Limited (CHEC) was signed this morning in the presence of Prime Minister Mahinda Rajapaksa and Ambassador of China to Sri Lanka Qi Zhenhong. “Attracting foreign direct investment is a key priority for our Government, and this landma...