Sri Lanka’s Continental Insurance seeks public listing

ECONOMYNEXT – Sri Lanka’s Continental Insurance, has sought a public listing, its holding company Distilleries Corporation of Sri Lanka said.

Under Sri Lanka’s regulations, all insurers have to be listed after their life and general businesses are split.

The firm had applied for a listing after the end of the balacne sheet date (June30), the firm said in an interim accounts filing.

Distilleries in accounts filed with the Colombo Stock Exchange said revenues in its financial services business rose to Rs656 million in the June 2016 quarter from a year earlier.

Profits were barely changed at Rs73.7 million, from Rs73.4 million a year earlier. (Colombo/Aug10/2016)

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