Logistics

Sri Lanka Ports Authority profits Rs4.9bn up to April 2021

Monday August 2, 2021 11:26 am

ECONOMYNEXT – Sri Lanka Ports Authority has posted pre-tax profits of 4.99 billion rupees up to April 2021, and 20.3 billion rupees in 2020, a Finance Ministry report said.

Up to April 2021, 1,3030 vessels have called at Colombo, Galle and Trincomlaee, which was up 35
percent from last year.

Over 700,000 twenty foot equivalent containers were handled up to April, which was also up 35 percent from last year.

SLPA revenues had grown 23 percent to 17,024 million rupees, up to April 2021.

Expenditure had grown at a slower 10 percent to 10,549 million rupees. The profit before tax was 4,993 million rupees, up from 4,575 million last year.

SLPA had foreign debt of 55.09 billion rupees and local debt of 8,795 million rupees.

In 2020, the SLPA had earned pre-tax profits of 20.3 billion rupees, up from 16.1 billion in 2019. (Colombo/Aug02/2021)

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Bonds & Forex

Sri Lanka sells 2028 bonds at 14.52-pct

Monday September 25, 2023 6:36 pm

ECONOMYNEXT – Sri Lanka sold all offered bonds in 2026 and 2028 maturities raising 220 billion rupees from an auction Monday, data from the state debt office showed.

The debt office sold 135 billion rupees of 1 June 2026 bonds to yield 15.64 percent.

Another 85 billion rupees in 01 July 2028 bonds were sold to yield 14.52 percent.

The 2028 bond is offered on tap at the weighted average yield. (Colombo/Sept25/2023)

Commodities

Sri Lanka’s stocks end down on Monday after slow day of trading

Monday September 25, 2023 5:45 pm

ECONOMYNEXT – Sri Lanka shares were down at close of trading on Monday.

Turnover was 550 million rupees.

The main All Share Price Index was down 0.36 percent or 40.02 points to 11,216.50, while the S&P SL20 was down 0.44 percent or 14.07 points to 3,164.52.

Trading in the Capital Goods Industry (174,037,134) drove turnover.

Commercial Bank, Expolanka Holdings, and Aitken Spence plc saw losses, while National Development Bank, John Keells Holdings and Melstacorp saw gains in the day’s trading.

The market saw a net foreign inflow of 13 million rupees, while the yearly net foreign inflow was 429 million rupees. (Colombo/Sep25/2023)

Bonds & Forex

Sri Lanka rupee closes at 324.75/324.90 to the US dollar

Monday September 25, 2023 5:28 pm

ECONOMYNEXT – Sri Lanka’s rupee closed at 324.75/90 to the US dollar on Monday, from Friday’s close at 324.70/325.00 dealers said.

Bond yields were up.

A bond maturing on 01.07.2025 closed up at 15.55/15.70 percent on Monday, after closing at 14.95/15.30 percent on Friday.

A bond maturing on 01.08.2026 closed up at 15.50/15.65 percent up from 14.95/15.10 percent.

A bond maturing on 15.09.2027 closed up at 14.75/15.50 percent from 14.55/15.00 percent.

A bond maturing on 01.05.2028 closed up at 14.25/14.60 from 14.00/14.30 percent.

A bond maturing on 15.05.2030 closed stable at 13.00/13.50.

A bond maturing on 01.07.2032 closed at 12.95/13.45 percent from 13.00/13.45 percent. (Colombo/Sept25/2023)