Company filings and market news from across Sri Lanka's stock market.
Vidullanka PLC's proposed LKR500 million listed secured sukuk has been assigned an expected national long-term rating of 'A+(lka)(EXP)' by Fitch; proceeds will refinance short-term loans and fund working capital. Hatton National Bank is the trustee for the issuance.
Vidullanka PLC reported PAT of Rs.1.34 billion on revenue of Rs.4.7 billion for the nine months to 31 Dec 2024, a 27% increase year-on-year. Finance costs fell to Rs.266m and the group paid Rs.0.50 cash plus Rs.1.20 scrip per share (total Rs.1.6bn), citing strong hydropower, EPC and solar contributions.
Colombo bourse sustained upward momentum as the ASPI rose 0.4% and the S&P SL20 gained 0.3% on turnover of Rs.6.35 bn; BIL, RICH, HNB, CFIN and LOLC were top positive contributors while JKH fell. Foreign investors were net sellers with a Rs.300 mn outflow.
Fitch recalibrated Sri Lanka’s national rating scale, upgrading seven non-financial corporates (including Sri Lanka Telecom to AA-(lka), Windforce to A+(lka) and Resus Energy to A-(lka)) and revising Bogawantalawa Tea Estates to BBB+(lka).
Vidullanka PLC inaugurated the 0.7MW Moco Moco Mini Hydropower Plant in Guyana on 13 Dec 2024, completing work under its $12.85m EPC contract. Together with the completed 1.5MW Kumu plant the projects total 2.2MW and are expected to deliver up to 13.76 GWh annually.
Colombo market opened higher as the ASPI rose 0.30% to 13,229 and the S&P SL20 gained 0.12% on turnover of Rs. 2.3bn; top contributors included HAYL, SPEN, AEL, JKH and CFIN, with Lion Brewery closing up at Rs. 1,114.75.
Colombo Stock Exchange ASPI rose 0.30% to 13,228 on turnover of Rs2.3bn, led by retail buying in food, beverage & tobacco and renewed interest in construction. Notable movers included gains in Lion Brewery, Ceylon Cold Stores, Distilleries, Access Engineering and Central Finance, while Sierra Cables fell; net foreign outflow was Rs379mn.
Colombo Stock Exchange closed higher as the ASPI rose 0.58% to 12,875 and the S&P SL20 gained 0.91% to 3,866, with banking stocks contributing over LKR 1bn of turnover. Vidullanka announced a scrip dividend listing and Ceylon Tobacco declared a third interim dividend of 40.9 per share.
Dividend · 1:11.812249 at Rs 13.94 · XD Nov 13, 2024
Dividend; XD 2024-11-13; record 2024-11-13; FY 2024/2025
Colombo market ended a seven-day winning streak as the ASPI fell 8 points and the S&P SL20 slipped 4 points, with turnover of Rs.1.86 billion. Banking stocks led turnover (34%) while quarterly results boosted PARQ, CONN and JETS, Sampath and Pan Asia were active, and Vidullanka announced an interim dividend of Rs.0.20 per share.
Dividend · Rs 1.20
Dividend of LKR 1.2/share; FY 2024/2025
Dividend · Rs 0.20 · XD Nov 13, 2024
Second Interim dividend of LKR 0.2/share; XD 2024-11-13; record 2024-11-13; payable 2024-12-03; FY For the year 2024/2025
Colombo Stock Exchange closed higher: All Share Index +0.10% to 12,164 and S&P SL20 +0.20% to 3,600, turnover Rs1.5bn and net foreign inflow Rs267m. Top turnover included John Keells, Hayleys, Commercial Bank, Sampath Bank and Nations Trust; top foreign flows varied across names.
Colombo Stock Exchange closed up, with the All Share Index rising 0.05% to 12,171 and the S&P SL20 up 0.14% to 3,595. Turnover was 1.3 billion, top turnover generators included Commercial Bank, Hayleys, John Keells and Sampath Bank, and there was a net foreign outflow of 21 million rupees.
Vidullanka PLC appointed Prof. Anura Wijeyapala to its Board as an Independent Non-Executive Director, effective 26 September 2024. Prof. Wijeyapala is an electricity industry professional with over 25 years' experience, including roles as Chairman of the Ceylon Electricity Board and CEO of Windforce Ltd.
Colombo Stock Exchange rose with the All Share Index up 0.69% to 11,855 and the S&P SL20 up 1.45% to 3,459 on turnover of 2.6 billion; banking stocks led gains while there was a net foreign outflow of Rs 123 million.
Colombo Stock Exchange closed higher: All Share Index up 0.87% to 11,773 and S&P SL20 up 0.76% to 3,409, with turnover of 2.9 billion and net foreign inflow of 69 million rupees. Banking stocks led gains (HNB, Commercial Bank, DFCC, NDB) while some crossings and active foreign flows hit multiple counters.
The Sri Lanka–Japan Business Council held its 45th AGM and received the Japanese Foreign Minister’s Commendation Award, and Mahen Kariyawasan was re-elected president. The council elected vice-presidents (including Hayleys Advantis MD), highlighted Osaka Expo 2025 opportunities and plans to boost trade, investment and tourism.
Amana Bank won the Gold Award for Entity of the Year at the SLIBFI Awards 2024. The bank also secured Gold and Silver for Deal of the Year for financing Vidullanka’s Horana solar plant and a rice-mill solar facility, plus Gold in the ESG category.
Colombo Stock Exchange closed lower: All Share Index fell 0.35% to 10,907 and S&P SL20 fell 0.83% to 3,070, with turnover around LKR 1 billion and a net foreign outflow of 25.6 million; top turnover stocks included Sampath, Hayleys, Teejay, Nations Trust and Commercial Bank.
Colombo Stock Exchange closed lower with the All Share Index down 1.43% to 11,199 and the S&P SL20 down 2.00% to 3,189. Turnover was 554 million with a net foreign inflow of 48.9 million; top turnover stocks included Hayleys, Melstacorp, Dialog and Sampath.
ESG Summit 2024, opened by the President, emphasised Sri Lanka's net-zero by 2040 goal and called for major investment in renewable energy and sustainable supply chains. The focus on low-carbon infrastructure and export-oriented sustainability supports renewable-energy firms and exporters such as VLL.N0000 and TJL.N0000.