Company filings and market news from across Sri Lanka's stock market.
Rajan Asirwatham, former Senior Partner and Country Head of KPMG Sri Lanka (1961–2008), has passed away. He served as a director of several listed firms including Aitken Spence PLC, CIC Holdings PLC and Dankotuwa Porcelain Ltd.
Colombo market ended a three-day decline as ASPI rose 0.77% (174.03 pts) to 22,819.91 and S&P SL20 gained 0.30% to 6,298.75. Market turnover exceeded Rs.4bn with banking counters (led by Hatton National Bank and DFCC) dominating activity while foreign investors were net sellers of ~Rs.213.2m.
Colombo Bourse closed higher as ASPI rose 0.33% (75.10 pts) to 23,104.96 and the S&P SL20 gained 0.32% to 6,382.18 on turnover of Rs.3.49 billion, with foreign investors net selling Rs.40.9m. Sampath, Richard Pieris, Bukit Darah, John Keells and Carson were key positive contributors while Commercial Bank and CIC rose and Melstacorp fell.
Colombo Stock Exchange ASPI rose 0.33% (75.10 pts) to 23,104.96, ending a five-day losing streak as diversified conglomerates and financials led gains. Top contributors included Sampath Bank, John Keells, Bukit Darah, Carson Cumberbatch, CIC, Access Engineering and ACL Cables.
Colombo bourse closed marginally down as the ASPI fell 0.09% (21.80 pts) to 23,029.86 on turnover of over Rs. 3.8bn and net foreign outflow of Rs. 4.7m. Major negative contributors included Commercial Bank, Dialog, Colombo Dockyard, DFCC and NDB, while J.F. Packaging rose on debut.
CIC Holdings reported consolidated revenue of Rs. 41.6 billion and PAT of Rs. 3.25 billion for 1HFY26, up 7.2% and 14.7% YoY respectively. Growth was driven by margin recovery and strong performances in Crop Solutions (40% of revenue), Livestock and Health & Personal Care; EPS rose to Rs. 6.86 and total assets reached Rs. 98.6 billion.
CIC Holdings PLC reported consolidated revenue of Rs.41.6 billion for 1HFY26 and PAT rose 14.7% YoY to Rs.3.25 billion. Crop Solutions accounted for about 40% of revenue and group EBIT increased 18.6% to Rs.5.7 billion, with broad-based segmental profit growth.
Lanka Tiles PLC has appointed Harsha Amarasekera as a Non-Executive Director; he also joins the board of Lanka Walltiles PLC. Amarasekera is an experienced attorney and currently holds leadership roles at Sampath Bank, CIC Holdings, Swisstek, Vallibel Power Erathna and Royal Ceramics.
The Colombo Stock Exchange closed marginally up as the ASPI gained 0.03% (7.45 pts) to 22,791.07 on turnover of Rs.6.61bn; DOCK, SAMP, CFIN, HARI and HUNT were among top contributors while foreigners were net sellers of Rs.235.1m.
The EPF recorded an unrealized profit of Rs.73.97 billion on its Colombo Stock Exchange holdings as of June 30, 2025, with its Rs.85.88 billion invested across 64 listed companies rising to a market value of Rs.159.85 billion.
The ASPI closed at 21,599, rising 0.36% (78 points) on the day and finishing the week up 2.4% (S&P SL20 up 1.9% for the week). Turnover was Rs.6.02bn yesterday (week avg daily Rs.7.11bn); capital goods led turnover and top contributors included Hemas, Melstacorp, Commercial Bank, CIC, Gran, Sunshine, Kelani Cables and John Keells.
CIC Holdings PLC proposes a 5-for-1 share split, raising Ordinary shares from 291.6m to 1.458bn and Class X non-voting shares from 87.48m to 437.4m. An EGM is set for 13 Oct, record date 15 Oct; trading suspended 14–21 Oct and to resume 22 Oct; rights unchanged.
Share split · 1:5 · XD Oct 22, 2025
The Sri Lanka–Singapore Business Council elected Janaka Gunasekera (A. Baur & Co.) as President for 2025–26 at its 28th AGM and confirmed a new executive committee. Overseas Realty GM Nirupa Peiris was elected Vice President, Aitken Spence's Jerome Brohier Treasurer, and the committee includes CIC Holdings and Ceylon Grain Elevators.
Colombo market fell as the ASPI and S&P SL20 declined 1.25% amid profit-taking led by banks, with ASPI down 257 points — the largest intraday drop since 23 June. Turnover was Rs.4 billion and foreigners recorded a net outflow of Rs.80.5 million; several bank counters led losses.
CIC Holdings PLC was awarded a Rs. 639.5 million (ex-VAT) government contract to supply 20,000 nanocrystal silver dressings (20x40 cm) for wound care. CIC was the sole substantially responsive bidder and will represent Smith & Nephew Medical Ltd under the contract.
The Exporters' Association of Sri Lanka held its 28th AGM with EU Ambassador Carmen Moreno stressing compliance, sustainability and the CBAM framework for exporters. Yohan Lawrence was re-elected chairman and the executive committee includes representatives from listed firms such as HNB, Hayleys, Sampath, Lion Brewery, CIC, Dipped Products and Dankotuwa Porcelain.
EU Ambassador Carmen Moreno told the Exporters’ Association AGM that compliance, sustainability and CBAM readiness are vital for Sri Lankan exporters. The event re-elected Yohan Lawrence as chairman and featured an executive committee including major exporters and industry representatives.
CIC Holdings PLC announced a 1-for-5 subdivision of its voting shares (291,600,000 → 1,458,000,000) and non‑voting shares (87,480,000 → 437,400,000), subject to regulatory and shareholder approval. CIC voting shares rose 7% to Rs.142.50 on the news.
Sri Lanka's ASPI rose 0.44% (86.80 pts) to 19,804.80 as buying returned after a two-day slide. Buying interest supported John Keells (flat), CIC (up to 142.50), Singer (up to 67.90) and gains in Melstacorp, Carson Cumberbatch, Co-operative Insurance and PGP Glass; turnover rose to 4.4 billion rupees.
Share split · 1:5 · XD Oct 22, 2025
Split issue
CIC Holdings' veterinary arm CIC Vetcare is partnering with MSME SAJ Associates to launch two natural herbal dog products (soap and shampoo with neem, athora and goat milk) and provide marketing support. CIC says clinical trials show good quality and the link will help about 750 herbal-ingredient farmers in NCP.
Link Natural Products, a subsidiary of CIC Holdings, ran World Environment Day sustainability activities, planting 300 indigenous medicinal plants at a Navy camp, over 500 trees in the Kelani River valley and 400 perennial plants along Nallanthinniya–Maskeliya. Its 'Saara Osu' programme will have distributed Rs.32 million to outgrower farmers by end 2024/25.
Colombo market rebounded as the ASPI gained 129 points (0.7%) on fresh buying, with turnover of Rs.5.98bn. Banking and construction led gains — HNB, Central Finance, R I L Property and Melstacorp were among top contributors while foreign investors were net sellers of Rs.84.4m.
Dhammika Perera acquired a 77% stake in East West Properties for about Rs.3.2bn (off‑board at Rs.30.20), lifting EAST to Rs.31.80 as crossings drove turnover to Rs.8.88bn; ASPI fell 10 points. Banking names (Sampath, Commercial Bank, HNB) and diversified stocks also saw heavy activity while foreigners were net sellers of Rs.561mn.
Colombo market fell as ASPI declined 0.58% (around 106 points) and S&P SL20 down 0.5% on low turnover of Rs.2.4bn; major drags included Melstacorp, Colombo Dockyard, Commercial Bank, Aitken Spence and NDB, while turnover was led by Sampath, John Keells and Vallibel Finance.
ASPI fell 0.23% (41 points) to 18,000 as profit-taking weighed on the Colombo market, led by declines in HAYL, CTHR, DOCK, GRAN and SAMP. Turnover was Rs.5.6bn with capital goods (notably JKH, AEL) and banking among top contributors; foreign investors were net sellers of Rs.48.3m.
Colombo stocks closed marginally down, with the ASPI falling 0.23% to 18,100 and the S&P SL20 down 0.22% to 5,347. Seylan Bank received in-principle CSE approval for a Rs15bn Basel III debenture issue, and Tal Lanka Hotels listed 32,228,524 ordinary voting shares after a private placement.
ASPI rose 138 points (0.8%) to 17,353 as the CSE extended its rally on turnover of Rs.7.37bn, led by heavy trading in CDB and CFIN; notable price gains were seen in CDB, CFIN, CTC, HHL, CIC and SUN, while SPEN topped net foreign buying and PKME topped net foreign selling.
CIC Holdings reported consolidated revenue of Rs.83.3 billion for FY25, up 9.0% YoY, with gross profit of Rs.22.2bn, EBITDA of Rs.12.4bn and PAT of Rs.6.6bn (PAT lower due to a FY24 one-off bargain purchase gain); net finance costs fell 38% to Rs.1.6bn. Crop Solutions remained the largest segment (41% of revenue) with broad-based growth across its five core businesses.