Company filings and market news from across Sri Lanka's stock market.
Available evidence finds Sri Lanka's oil palm (≈10,400 ha, established on degraded/marginal low-country land, not via forest conversion) does not inherently cause greater soil degradation or erosion than tea, rubber or coconut when good management and organic-matter recycling are applied.
Dividend · Rs 0.75 · XD Jul 1, 2026
Final dividend of LKR 0.75/share; XD 2026-07-01; record 2026-07-01; payable 2026-07-20; FY 31/12/2025
CMA Sri Lanka launched national Cost Accounting Standards to strengthen costing, control and reporting across large and medium public and private institutions; the standards prioritize sectors including power, telecom, manufacturing, drugs and agricultural/tea exporters to improve efficiency, pricing transparency and competitiveness.
First Capital says listed plantation firms AGAL, KGAL, KOTA and HOPL are well positioned to benefit from rising rubber prices as rubber makes up about 15%+ of their revenue. Dipped Products and exporters may also gain from higher rubber prices and rupee depreciation, while Kelani Tyres could face margin pressure.
Watawala Plantations and regional plantation companies are preparing to expand palm oil cultivation if the seven-year ban is lifted after a Plantations Ministry expert committee found no basis for the environmental or health concerns. Industry says private investors had committed about Rs.500m to expand 8,000 ha before the ban.
Gulf escalation and shipping disruptions have hit Sri Lanka's tourism, tea and apparel sectors, pulling the bourse down 12.7% through March 20; plantation and apparel stocks plunged (Namunukula -30.6%, Agalawatte -22%, Teejay Lanka -20.6%) while Sunshine benefits from higher palm oil prices.
Agalawatte Plantations said Damro disposed of 32,500,000 shares (20.8%) sold to A & M Properties at Rs51.90 each for Rs1.68 billion. Earlier this week Damro also sold FLMC Plantations to Browns Power Holdings, a subsidiary of Browns Investments, for Rs4.8 billion.
The ASPI fell 120 points (0.75%) to 15,842 as investors reacted to the ruling NPP's weaker-than-expected LG poll showing, with turnover of Rs. 3.2bn. Major drags included JKH, CINS, COMB, SPEN and SAMP while Food, Beverage & Tobacco led turnover (61%).
Dividend · Rs 1.50 · XD Mar 7, 2025
Second Interim dividend of LKR 1.5/share; XD 2025-03-07; record 2025-03-09; payable 2025-03-27; FY 31 December 2024
Colombo bourse rose with the ASPI up 0.9% (115 pts) and turnover jumping to Rs.5.1bn, boosted by crossings and heavy banking-sector activity. Top contributors included Sampath Bank, Commercial Bank, John Keells, Hemas and NDB, with a net foreign outflow of Rs.246.3m.
Colombo Stock Exchange closed higher as ASPI rose 0.88% to 13,164 and the S&P SL20 gained 1.06% to 3,917, with turnover Rs5bn and Rs2.7bn in banking stocks. The banking sector drew local investor interest after the government set a deadline for the ISB exchange, with Sampath Bank among top turnover names.
Dividend · Rs 2.00 · XD Nov 21, 2024
First Interim dividend of LKR 2/share; XD 2024-11-21; record 2024-11-21; payable 2024-12-10; FY 31 DECEMBER 2024