The Colombo ASPI fell 0.6% to 20,817.82, sliding to a six-month low as losers (163) outpaced winners (31) and turnover barely topped Rs.1bn. Top decliners and contributors to the drop included Dialog, Commercial Bank, Overseas Realty, Singer, Tokyo Cement and Ceylinco, while John Keells closed flat.
Ada Derana·Sep 1, 2026·Award or certificationPositive
Tokyo Cement Company (Lanka) PLC's ready-mix unit TOKYO SUPERMIX won three awards at the Sri Lankan Sustainability Awards 2026 for Sustainable RMC Brand, Sustainable Green Material Innovation and Sustainable Manufacturing Facility, highlighting its sustainability leadership in ready-mix concrete.
Tokyo Cement (TKYO) posted 1Q (ended 30 June 2026) turnover of Rs.15.8bn and PAT of Rs.635m, with turnover rising YoY but profitability pressured by higher raw material, insurance and freight costs. The Group said it maintains a conservative short- to medium-term outlook and has 4.0m MT capacity.
Tokyo Cement Group reported Q1 (ended 30 Jun 2026) turnover of Rs.15,836m and PAT of Rs.635m (vs turnover Rs.12,544m and PAT Rs.668m a year earlier). Revenue rose on renewed construction activity, but profitability was squeezed by higher raw material, insurance and freight costs amid geopolitical-driven energy and FX pressures.
Colombo Stock Exchange closed higher, the ASPI rose 0.20% (41.92 pts) to 21,229.14 and turnover was Rs 2.02bn with retail leading at Rs 1.04bn. SANASA Life said escrow proceeds were released and invested in government securities, and Odel restarted construction on Zone 1 of its mall with completion expected in 1.5-2 years.
Colombo market extended its rebound as the ASPI rose 0.24% (49.81 pts) to 21,199.37 and the S&P SL20 gained 0.22% to 5,945.87, with turnover about Rs.1.1bn and foreigners net sellers of Rs.188.6m. Top contributors included HNB, CARS, CINS, NDB and TKYO; NDB, SAMP and PKME gained while MELS fell and JKH closed flat.
Sri Lanka Corporate Director Summit 2026 ('Future-Ready Sri Lankan Directors') kicks off today at Cinnamon Grand Colombo, fully sold out and featuring local and international business leaders, including Tokyo Cement Chairman Dr. Harsha Cabral.
The Sri Lanka Corporate Director Summit 2026 will be held on 22 July 2026 at the Cinnamon Grand Colombo under the theme 'Future-Ready Sri Lankan Directors: From Compliance to Sustainable Growth.' Key speakers include Kalpana Morparia and local governance leaders such as Dr. Harsha Cabral (Chairman, Tokyo Cement) and Harsha Amarasekera (Chairman, CIC Holdings and Sampath Bank).
Colombo Stock Exchange ASPI fell 0.45% midday to 22,309.09 with turnover of 951.8 million rupees, utilities contributing 448.6 million. Convenience Foods Lanka authorized an 8.00 rupee first-and-final dividend and Tokyo Cement proposed a 2.50 rupee first-and-final dividend.
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