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Panasian Power continues ‘success streak’ with 452% growth in PAT during 1H 2018



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Panasian Power PLC (PAP.N), one of Sri Lanka’s leading green energy solutions providers, posted a consolidated net profit of Rs. 54 million for the quarter and Rs. 153 million for the six months ending 30th September, 2018. This represents a 110% and 452% increase respectively over the corresponding period of the previous year. Furthermore, operating profit for the quarter increased to Rs. 74.7 million from Rs. 41.8 million during the same period the previous year. This represents a growth of 79% for the quarter and a total growth of 159% for the half year despite the increase in costs.

Major contributors to this result were the Padiyapelella mini hydropower plant and the Rathganga mini hydropower plant which contributed Rs. 93 million and Rs. 50 million respectively to the Group's net profit during the period under review.Read More...
 
 

CSE's main indices point to a mixed performance by bourse

CSE's main indices showed mixed reactions yesterday,  ie, the All Share Price Index went down by 3.99 points while the S and  PSL20 was up 11.3 points. The day's turnover stood Rs. 299.6 million with two crossings.Those crossings came fro...

Nations Trust Bank American Express Cards support Sri Lankan Art 2018 for 8th consecutive year

Nations Trust Bank American Express once again supported Sri Lankan art and artists through its sponsorship of SRI LANKAN ART 2018, an exhibition organized and hosted by the George Keyt Foundation. The exhibition was held from the 23rd to the 28th of O...

Ambassador broaches strategies to enhance and augment bilateral economic & commercial relations

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The Ambassador of Sri Lanka to the Kingdom of Bahrain, Dr A. Saj U. Mendis, met with the Minister of Labor and Social Development of the Kingdom of Bahrain, Jameel bin Mohammed Ali Humaidan, and Zayed bin Rashid Al Zayani, Minister of Industry, Commerc...

Contactless payment cards - helping Sri Lanka go cashless

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Sri Lanka’s digital payment landscape has been registering a tremendous growth, fueled by more and more consumers choosing to shop on line and engage in e commerce.According to Anthony Watson, Country Manager for Sri Lanka and the Maldives &nda...

International test standards reveal ACL Fireguard as ‘the’ only fire retardant cable ensuring safe home

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ACL Cables PLC the No. 1 cable expert in Sri Lanka since 1962 has continuously been in the forefront of ensuring stringent standards are maintained during manufacturing of its products while placing great importance and responsibility in its quality...

Cake-mixing well before Christmas is special at Pegasus Reef

It could be called the cake mixing season. This happens well before Christmas. Goes back at least two months before Christmas week. General Manager Pegasus Reef Hotel Harsha Jayasinghe commenting on why it was so essential to mix the cake so early said...

More supermarket discounts & ‘merrier offers’ for ComBank cardholders this season

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With seasonal shopping picking up, Commercial Bank has announced it is offering discounts of up to 30% on Credit and Debit card purchases on specific days, at leading supermarkets in the country.Keells supermarkets will offer a 25% discount on Credit...

Sri Lanka steps into the lucrative electronic sports industry with IGE South Asia Cup

InGame Entertainment in association with the Sri Lanka Esports Association (SLESA) will be hosting the first ever INGAME Esports South Asia Cup in December this year. SLESA is working with the national Esports federations of India, Pakistan and Maldive...

Hyundai Nishat Motor selects IFS applications for nationwide rollout in Pakistan

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Hyundai Nishat Motor (Private) Limited looks to IFS to enhance efficiencies and operational excellence across its entire distribution value chain, including franchises and third-party dealersIFS, the global enterprise applications company, announces ...

DFCC Bank felicitates Samata English CSR programme graduates

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Strengthening its Strategic CSR pillar of Education, DFCC Bank recently organised a graduation ceremony for its second batch of students who participated in its English Education CSR programme, ‘Samata English’. Held at the DFCC Bank audito...

 
 
 
 
 
 
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