Company filings, disclosures and news on Lanka Ashok Leyland Plc (ASHO), Motor Vehicles on the Colombo Stock Exchange, tagged by theme and scored for sentiment.
The Ceylon Motor Traders' Association urged policymakers to stop an estimated Rs.40 billion 2025 revenue leakage from a blanket 15% CIF depreciation on used vehicle imports and called for a uniform duty structure and transparent valuation to ensure a level playing field across the automotive industry.
Lanka Ashok Leyland PLC has appointed K.M. Balaji, Deputy CEO of Ashok Leyland Ltd., as a Non-Independent Non-Executive Director on its board. Balaji brings over 32 years' experience across finance, treasury, investor relations and product finance.
Colombo Stock Exchange ASPI fell 0.22% (47.45 pts) to 21,160.65 with turnover Rs 3.28bn, led by food & staples retailing and large crossings dominated by Cargills. Dialog, John Keells, Aitken Spence and Lanka Ashok Leyland were top gainers while Ceylinco Insurance, Harischandra Mills and HNB were top losers.
Lanka Ashok Leyland (ASHO.N0000) reported FY26 PAT of Rs.3.06bn (vs Rs.1.53bn LY) and revenue of Rs.19.33bn, and the board declared a 300% dividend (Rs.30/share). The company said growth was driven by higher vehicle sales, local value addition, exports and operational efficiencies, and it relaunched premium coaches for tourism.
The central bank hiked rates 100bp to 8.75%, and the Colombo Stock Exchange fell with the ASPI down 0.51% to 22,249.88; market turnover was Rs.2.99bn with insurance leading at Rs.2.6bn. Lanka Ashok Leyland proposed a final dividend of Rs30/share and Lighthouse Hotel declared a final dividend of Rs3/share.
The Sri Lankan–German Business Forum 2026 will run 27–29 May in Colombo to promote FDI in maritime, ports and logistics and to showcase Sri Lankan IT startups. The conference, attended by the Prime Minister, will focus on port infrastructure financing, boosting exports to the EU and digitalisation.
IT & Digital
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