Colombo Stock Exchange closed lower, with the ASPI down 0.24% (51.79 pts) at 21,262.13 on Rs2.23 billion turnover. SMB Finance, Watawala, Sampath Bank and Lion Brewery were top positive contributors while Dialog, Melstacorp and Commercial Bank led declines; a mandatory offer for Industrial Asphalts fell through after the SEC refused a share transfer due to the company being on the CSE watchlist.
Colombo Stock Exchange closed down as the ASPI fell 0.32% to 21,313.92 with market turnover Rs 1.55 billion and banks leading turnover at Rs 309.87 million. Movers included Carson Cumberbatch, Commercial Bank, Central Finance and Watawala (up) and Dialog, Aitken Spence, LOLC and Ceylon Cold Stores (down); Anilana said Sampath Bank acquired its hotel properties and is contesting the action in court.
The Colombo market opened the month lower as the ASPI fell 0.1% to 21,318.31, with turnover above Rs.2.3bn and foreign net outflows of Rs.612.5m. Selling late in the session hit JKH, BREW, DFCC, DIAL and MELS, while CCS and Asia Siyaka rose.
Boutique Agency Network (BAN) won Gold at the Dragons of Sri Lanka Awards for Munchee's Father's Day campaign 'Piya Kirula' in the Integrated Marketing Campaign category, marking a second consecutive year of Gold in that category; BAN also won Silver for Watawala in Best Innovative Concept.
Consumer Staples (FMCG)
Ada Derana·Aug 11, 2026·Earnings & resultsPositive
Sunshine Holdings (SUN) reported consolidated 1QFY27 revenue of LKR 18.5 billion, up 16.6% YoY, and profit after tax of LKR 1.4 billion, up 6.0% YoY, while gross margin fell 366bp and EBIT declined 7.8%. The group cited regulatory pricing pressure in healthcare and higher agribusiness costs and formed a JV with Zydus to expand local pharmaceutical manufacturing.
Sunshine Holdings PLC reported consolidated revenue of Rs. 18.5 billion in 1QFY27, up 16.6% YoY, with profit after tax rising 6.0% to Rs. 1.4 billion while EBIT fell 7.8% to Rs. 2.4 billion and gross margin declined to 28.1%. Growth was supported by its diversified portfolio and consolidation of JAPC, though healthcare price controls and higher agribusiness costs pressured margins; the group also formed a JV with Zydus to expand local pharmaceutical manufacturing.
Available evidence finds Sri Lanka's oil palm (≈10,400 ha, established on degraded/marginal low-country land, not via forest conversion) does not inherently cause greater soil degradation or erosion than tea, rubber or coconut when good management and organic-matter recycling are applied.
Sunshine Holdings reported consolidated FY26 revenue of Rs.65.9 billion, up 11.2% YoY. PAT was Rs.5.0 billion (down 2.5% YoY) as NMRA pricing cuts weighed on healthcare margins, and the group acquired a majority stake in Joint Agri Products Ceylon Ltd to bolster exports.