Company filings and market news from across Sri Lanka's stock market.
Softlogic Finance (CRL.N0000) reported a financial year profit of approximately Rs.150 million and says its Capital Adequacy Ratio is about 61%. The company notes assets >Rs.7.5bn, a lending portfolio ~Rs.6.7bn, deposits >Rs.3.8bn and zero non-performing loans on new originations.
Colombo bourse rebounded as the ASPI rose 0.69% (155.47 pts) to 22,739.77 after Middle East developments pushed oil below $100, with turnover over Rs. 4.1bn and net foreign inflow of Rs. 62.4m. JKH, MELS and RIL were among top positive contributors while LIOC fell and REEF gained.
Colombo market closed in the green for a fourth straight session as the ASPI rose 0.07% to 22,635 and the S&P SL20 gained 0.18% to 6,241.01; turnover was about Rs.4.2bn and foreign investors were net sellers of Rs.332.5m. CINS, BREW and JKH were among top contributors while diversified financials and banks led turnover.
Colombo market rebounded as the ASPI rose 1.09% (222.54 pts) to 20,640.63 on turnover of Rs.5.27bn, while foreign investors were net sellers of Rs.191.2m. Banking led turnover (34%) driven by HNB crossings of Rs.607.7m; top movers included DOCK, RIL, AEL, MELS and ACL.
ASPI fell 0.12% to 22,351.55 as profit-taking dragged the Colombo market, with declines in MELS, DOCK, CARS, SPEN and LLUB; market turnover was over Rs.4.3bn and foreign investors were net sellers of Rs.21.36m.
Softlogic Finance PLC appointed Hewage Sisira Samantha Dabare as Deputy Chairman, with approval from the Central Bank's Director of Supervision of Non-Bank Financial Institutions. Dabare is a career banker with over 33 years’ experience, including roles as Group Chief Compliance Officer and Head of Recoveries at Sampath Bank PLC.
Softlogic Finance (CRL.N0000) reinforced its capital with a Capital Adequacy Ratio of 47.9% and reported a profit of Rs.145.13 million for the year ended March 31, 2025. The company is fully compliant with Central Bank requirements and will pursue growth across leasing, gold loans, vehicle loans and digital services under a refreshed leadership team.
Colombo market extended its positive streak to nine days as the ASPI rose about 34 points (0.17%) on turnover of Rs.5.28 billion. Key contributors included MELS, SEYB, CTC, ACL and SAMP; ACL rose Rs.6.50 while Access Engineering fell 30 cents, and foreigners were net sellers of Rs.36.2m.
Dhanushka Fonseka has been appointed CEO of Softlogic Finance PLC, succeeding Dulcy Ivon Brohier. He joins from Mercantile Investments and Finance (where he was COO) and brings over 25 years' experience in finance, lending and strategy.
ASPI rose 0.6% to 12,875 (a multi-week high) as banking and blue-chip stocks led gains; turnover was Rs.2.4bn and foreign investors were net sellers of Rs.23.3m.
ASPI closed at 12,728, up 9 points as turnover fell to Rs.2 billion; John Keells, Melstacorp and Dipped Products were top contributors while Commercial Bank and Sampath Bank declined, and foreign investors were net buyers of Rs.45.2m.
Sri Lanka Telecom PLC appointed Dr. Mothilal de Silva as Independent Non-Executive Director and Chairman and added three independent directors: Chandrasiri Kalupahana, T.M. Thilakarantne and Niel D.B. Unamboowe. Mothilal is an industry veteran with multinational telecom leadership and turnaround experience.
Naresh Abeyesekera has been appointed as a Non-Independent Non-Executive Director of Softlogic Finance PLC. He is CEO of SECQUORO, serves on other boards including Softlogic Capital, and brings extensive digital and capital-markets transformation experience.