Business
DIPD shares prove a puller
By Hiran H.Senewiratne
Fully integrated rubber glove manufacturer and exporter, Dipped Products PLC (DIPD), is enjoying an exceptional year due to the COVID-19 pandemic, with the half-yearly after-tax profit soaring by 545 percent to Rs. 2.1 billion compared to 2019, market sources said.Pre-tax profit was up 479 percent to Rs. 2.6 billion, while net profit attributable to equity holders of the parent company was up 377 percent to Rs. 1.9 billion. DIPD being a Hayleys Group subsidiary, other related listed subsidiary companies’ share prices also moved up, stock market analysts said
In the meantime, Hayleys Group share prices increased by Rs. 56.90 or 17 percent. Its shares started trading at Rs. 335.20 and at the end of the day they moved up to Rs. 392.10. Other subsidiary company, Haycarb’s share price moved up by 25 percent or Rs. 94.80. Its shares started trading at Rs. 379.40 and at the end of the day it moved up to Rs. 474.20.
Amid those developments both indices moved upwards, i.e., the All Share Price Index was up by 98.20 points and S and P SL20 up by 30.43 points. The turnover stood at Rs. 4.28 billion with four crossings. Those crossings were reported in Vallibel One, 3.5 million shares crossed to the tune of Rs. 78.75 million, its share price traded at Rs. 22.50, Commercial Bank one million shares crossed for Rs. 73.5 million, its shares traded at Rs. 73.50, Hayleys 131.4 million shares crossed for Rs. 49.3 million, per share value Rs. 375 and Hemas Holdings 577,000 shares crossed for Rs. 40.4 million, its per share value being Rs. 70.
In the retail market top five contributors to the turnover were Dipped Products Rs. 588 million (1.57 million shares traded), Expolanka Rs. 560 million (22.7 million shares traded), Hayleys Rs. 388.9 million (1.04 million shares traded), Browns Investments Rs. 220.4 million (87 million shares traded) and Haycarb Rs. 185.7 million (424,000 shares traded). During the day 217.7 million share volumes changed hands in 32020 transactions.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
US sports envoys to Lanka to champion youth development
Rahuman questions sudden cancellation of leave of CEB employees
