Company filings and market news from across Sri Lanka's stock market.
The Sri Lanka–Indonesia Business Council held its 1st AGM where the Indonesian Ambassador noted a 12.76% rise in bilateral trade (Jan–Sep 2024 vs same period 2023). The new council committee includes representatives from Aitken Spence, Amana Bank and hSenid Business Solutions.
hSenid Business Solutions PLC (HBS.N0000) won the Gold Award in the Large Category for ICT, BPO & Related Services at the 32nd Annual Export Awards 2024. This is the company's fifth consecutive year winning the award, underscoring its export contribution and global reach.
Colombo Stock Exchange closed higher: All Share Index +2.87% to 11,659 and S&P SL20 +4.09% to 3,367, with turnover Rs3.9bn and net foreign inflow Rs82.10m. Banking stocks led gains while foreign buying concentrated in Sampath, HNB, Bukit Darah and LOLC Finance and selling hit CIC, Nations Trust, hSenid, John Keells and Ceylon Cold Stores.
Colombo Stock Exchange fell: All Share Index down 1.05% to 10,663 and S&P SL20 down 1.77% to 2,960. Turnover was 1.2 billion with net foreign outflow of 44.81 million; top turnover stocks included Ceylon Tobacco, HNB, Commercial Bank, John Keells and Royal Ceramics, with mixed foreign buying/selling.
Colombo Stock Exchange closed higher: All Share Index +1.54% and S&P SL20 +1.84% with turnover LKR 1.4bn and net foreign outflow of 68.23mn. Market saw accumulation in banking shares and conglomerates, with top turnover in HNB, Commercial Bank and Ceylon Hospitals; mixed foreign flows across CIC, Tess Agro, JAT, Lanka IOC, hSenid and Softlogic.
All Share Index fell 1.33% to 10,945, dropping below 11,000, while the S&P SL20 declined 1.68% to 3,096 on turnover of 732 million. Top turnover stocks included Ceylon Tobacco, Melstacorp, Browns Investments, Commercial Bank and John Keells, with a net foreign inflow of 49.9 million.
Colombo Stock Exchange closed down: ASPI fell 0.95% to 11,093 and S&P SL20 fell 1.26% to 3,148, with turnover at 513 million and net foreign inflow of 41.9 million. Top turnover generators included John Keells, Ceylon Cold Stores, Commercial Bank and Nations Trust; SMB Finance and Browns Investments were among gainers while several banks, Ceylon Cold Stores, L B Finance and Sigiriya were down.
hSenid Business Solutions (HBS.N0000) reported Q1 FY25 revenue of Rs. 466 million, 30.5% YoY growth, and an exit ARR of $3.5 million. The PeoplesHR Cloud drove recurring revenue gains and the board approved a ~Rs. 346 million distribution to shareholders.
Dividend · Rs 1.25
Dividend of LKR 1.25/share
hSenid Business Solutions (HBS.N0000) reported 1Q FY25 revenue of LKR 466.0m, up 30.5% YoY, with PeoplesHR Cloud driving growth and exit ARR reaching USD 3.5m. Recurring revenues were 57.7% of total (84.9% within PeoplesHR), new deals totaled USD 357,482, margins declined but free cash flow improved and the board approved ~LKR 346.0m distribution (cash or scrip).