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Singer (Sri Lanka) raised to AA (lka)

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Singer (Sri Lanka) raised to AA (lka)
Daily News (via HT Media Ltd.)
Singer Sri Lanka’s National Long-Term Rating was elevated to AA (lka) following a recalibration by Fitch Ratings of its Sri Lankan National Rating scale.
According to Fitch Ratings this rating affirmation, has been revised to ‘AA (lka)’ from ‘BBB+(lka)’. The outlook for this credit rating is stable. Singer Sri Lanka has continued to showcase robust financial results and a strong turnaround during the last few quarters, despite challenging pressures due to the effects of the Covid pandemic.
The Group’s strong comeback bears testament to its proactive strategic initiatives adopted to boost sales, and its drive to improve profitability under difficult market conditions mainly caused by the Covid-19 pandemic. Solid results during the last few quarters is also due to the process efficiencies and cost rationalisation implemented in recent months supported by a resil ....

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Litro Gas Lanka wins Gold

As the COVID-19 pandemic started impacting businesses and consumer buying patterns across Sri Lanka and the world, organizations have had to adapt operational methodologies and transform strategies formulated for customer outreach initiatives.
The Sri Lanka Institute of Marketing (SLIM) Restart Resilience Awards 2020 held recently at BMICH, Colombo has set a new standard in recognizing organizations in the public and private sectors who not only overcame the COVID-19 challenges but also succeeded in reengineering processes while delivering an optimum level of service during the initial COVID-19 lockdown and beyond.
Litro Gas Lanka Limited carried top honours at this prestigious event which was attended by a distinguished gathering. ....

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