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John Keells Holdings Reports Strong Q3 Earnings
November 7, 2024
JKH posts 25% growth in quarterly profits driven by robust
performance in leisure and transportation sectors. The company's
diversified portfolio continues to show resilience in the current
economic climate.
COMB launches new mobile banking features targeting youth market,
expects 30% digital transaction growth. The bank is investing
heavily in technology to capture the growing digital banking
segment.
HNB board approves 15% dividend hike citing strong capital adequacy
and improved asset quality. This marks the third consecutive year of
dividend increases for the banking giant.
Colombo Stock Exchange main index climbs to 12-month high as foreign
investors return to Sri Lankan markets. The benchmark index has
gained 18% year-to-date.
Export-oriented manufacturing companies report 18% revenue growth in
Q3, led by textile and rubber products. The sector is benefiting
from improved global demand and competitive exchange rates.
CBSL introduces new capital requirements for insurance companies,
effective from next financial year. The move aims to strengthen the
sector's resilience amid economic uncertainties.
