Company filings and market news from across Sri Lanka's stock market.
Hemas Holdings PLC appointed Ms. Thusitha Perera as an Independent Non-Executive Director effective 1 September 2024. She will serve on the Audit Committee and Related Party Transaction Review Committee and brings extensive finance and international corporate experience, including current board service at Capital Alliance Holdings.
Atlas Axillia launched the Atlas PlayPalz range of educational toys on 27 August, introducing sub-brands BlockBuddies, MindBuddies and CraftBuddies; senior management from Hemas Holdings PLC attended the launch.
Colombo Stock Exchange closed lower: All Share Index fell 0.35% to 10,907 and S&P SL20 fell 0.83% to 3,070, with turnover around LKR 1 billion and a net foreign outflow of 25.6 million; top turnover stocks included Sampath, Hayleys, Teejay, Nations Trust and Commercial Bank.
Fitch affirmed Hayleys PLC's 'AAA(lka)' rating with a Stable outlook, citing expected ~7% revenue growth in FY25 driven by defensive segments (hand protection, agriculture, purification), strong export diversification and resilient manufacturing footprint.
Hemas Consumer Brands (Hemas Holdings) has invested in a new baling site in Galle with Eco Spindles to collect 360,000 kg of plastic over the next three years and aims for 100% collection and recycling of its plastic waste by 2030.