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Monday November 9th, 2026

The Battle begins as major parties name Candidates for Presidency

During his meeting with Media persons on June 27, President Maithripala Sirisena threw in a truism that went hardly noticed.

“Mark my words, as the elections come closer, you will see that every major political party in this country is in turmoil,” Sirisena said.

The clock is ticking towards what can be expected to be one of the most important elections in our time.

There isn’t much time for the contestants to decide, as the Presidential elections will be called in early November and the poll taken in December. The new President has to be in the hot seat by January 8.

This time voters will be offered quite the buffet, ranging from the beefy candidates from the main parties to some exotic and spicy offerings from outlying groups and individuals.

But in the next ten days, the focus will be on the main two political formations which will be choosing who will front their campaigns.

In an ideal situation, the coming Presidential election campaign will see a robust debate as to which sort of Sri Lanka we want to live in.

We have to decide whether we want to live in a Right-Wing militaristic Sinhala-Buddhist theocratic state where oligarchs and rabid Monks dominate or do we want to live in a still Conservative, reasonably liberal free market under a benign Sinhala-Buddhist tent.

For now, I urge you to shelve the thought of Sri Lanka becoming a modern liberal democratic socialist state, as our moniker indicates, as our educational system has ensured that most of us are not critical thinkers and we remain way too tribal in our behaviour to achieve that in a reasonable time frame.

Let’s look at the front-runners.

Prime Minister Ranil Wickremesinghe with Minister Patali Champika Ranawake at Awissawella on July 27/PM Media
The United National Party – What Lies Beneath

The Grand Old Party is in serious trouble as it is in turmoil.

In the past month, there have been at least two occasions where United National Party meetings saw members openly challenging the leadership only to be swept aside by Party Leader and Prime Minister Ranil Wickremesinghe.

The first was when the Working Committee met to appoint party organisers on June 19, for the upcoming elections.

At that meeting, Wickremesinghe, who has clung on to the powerful Party Leader position in the UNP for 25 years, proposed that some organizer posts be given to Sri Lanka Freedom Party MPs who are very keen to support the UNP-led front at the next elections.

There were objections raised by many members for this proposal, but eventually, when Wickremesinghe proposed that Jathika Hela Urumaya chief Patali Champika Ranawake be given an organiser post there were stronger objections.

Some working committee members had said Ranawake was “stripping the party of members as he was giving jobs to UNP workers,” and making them join his own party.

Several pointed out that Ranawake could not even get his closest supporters elected in past elections. Particularly vociferous was Colombo Mayor Rosie Senanayake.

Again Wickremesinghe prevailed, even asking the redoubtable Senanayake to sit down.

UNP insiders say that this lack of “inner democracy” in the party has led to the collapse of many constituency organisations.

“The appointment of organisers and candidates are not being done according to wishes of the constituents and the Constituency Councils (Bala Mandalaya),” one senior party member said.

He recalled that during the leadership of President Ranasinghe Premadasa, for instance, Constituency Council members were invited to party headquarters and then secret ballots conducted to choose the organizer and candidate.

“Right now senior party members are moved to safe seats if they are in the good books of the Leader, as a result, the party organisation at the grassroots is very disheartened,” multiple UNP sources said.

Housing Minister Sajith Premadasa greets President Maithripala Sirisena at an event in July/President’s Media

The second was a more recent event when at a Parliamentary Group meeting on Monday, July 22, MPs sought to have Housing Minister Sajith Premadasa chosen as the party’s Presidential candidate.

The party Chairman Minister Kabir Hashim proposed Premadasa’s name which was seconded by another, Minister Ranjith Madduma Bandara, a senior member of the party.

No other person’s name was proposed and many MPs acclaimed the proposal prompting Minister Ajith P Perera to tweet “Its unanimous it’s Sajith.”

MPs we talked to said “we need a winning captain. Otherwise, we will be reduced to eight or nine seats in Parliament in the next General election.”

At a Press conference held in Badulla on Saturday, Cabinet Minister Harin Fernando said that he “explained to the Prime Minister that the only way forward was to nominate Premadasa as our candidate. At the Group meeting, no-one proposed any other name.”  

But Wickremesinghe prevailed without bowing to the MP’s wishes saying that the final decision who the UNP’s choice will be with the Working Committee, a body that the Party Leader effectively controls.

He said a new alliance will be formed shortly and the Presidential Candidate will be chosen in consultation with the partners. In such a scenario Speaker Karu Jayasuriya may be a compromise candidate.

Again at that point, the autocratic Wickremesinghe got his way.

Leader of the Opposition Mahinda Rajapaksa speaking at an event in June to remember Easter Sunday attack victims/ Imesh Ranasinghe RepublicNext
The Sri Lanka Podujana Peramuna – truly feudal

If the UNP is autocratic then its principal opponent at the upcoming election the Sri Lanka Podujana Peramuna is truly feudal.

It’s choice as the candidate will most likely to be a member of the Rajapaksa family.

The question as to who will be the candidate has arisen because party patriarch, former President and current Leader of the Opposition Mahinda Rajapaksa cannot contest the Presidency again because of the term limits imposed by the 19th Amendment to the Constitution in 2015.

Rajapaksa has in many recent interviews indicated that his chosen successor for party leadership and a probable Presidency is his son Namal. Unfortunately, he too cannot contest as the minimum age for a Presidential candidate is 35 and the scion is only 33.

With father and son out of the picture, the SLPP is still looking for candidates from within the Rajapaksa family.

Gotabaya Rajapaksa flanked by bodyguards leaves court where is yet to face trial/ RepublicNext

Leading the race for the nomination is younger brother Gotabaya Rajapaksa the former military officer who grew a fearsome reputation when he served as the Secretary to the Ministry of Defence during his brother’s presidency.

Gotabaya has repeatedly said he will be the SLPP candidate and a number of MPs from the party, including a leader from the Women’s Wing Pavithra Wanniarachchi, have endorsed him in recent days.

Gotabaya has to clear a few matters before he can be nominated. Mainly he has to renounce his American citizenship as persons with dual citizenship cannot hold political office according to the election laws.

Although Gotabaya has applied for renunciation it is not clear whether the US government has granted his request as yet.

Gotabaya is also embroiled in a number of cases of corruption and abuse of power and he has been ducking and weaving through the court system, successfully avoiding facing trial.

The retired Lt. Colonel is fiercely supported by a strong coterie of ex-Military men. Among them is retired Admiral Sarath Weerasekara. The Admiral told RepublicNext that he would support the SLPP only on the condition that Gotabaya is the candidate. “I won’t support any other candidate,” he said.

Some senior partners in the SLPP alliance such as Vasudeva Nanayakkara, Kumara Welgama and Dinesh Gunewardene have voiced their opposition to a Gotabaya candidacy.

Nanayakkara has expressed concern that in case Gotabaya contests and wins he would bring in ex-Military personnel to run the government, effectively shutting off traditional career politicians such as himself from the fray.

These retired officers may be nominated for a possible Parliamentary General election which will follow the Presidential elections after three months.

Gunewardene, who is also a senior and well-respected political leader, thinks of himself as a possible candidate, one of his close associates told RepublicNext.

Most importantly Gotabaya has yet not got an endorsement from the patriarch himself.

The former President in a recent encounter with Media has said that there are nominations or suggestions for the candidacy from various parts of his alliance. “There are five people whose names have been suggested,” he said earlier this week.

If it’s not Gotabaya then the next front-runner could be the eldest of the Rajapaksa brothers in politics, Chamal.

A former Speaker, Chamal is a non-controversial figure and more acceptable to the older political parties allied with the SLPP.

The other politico-Rajapaksa brother Basil has indicated that he is not interested and would not give up his American citizenship.

Whoever it will be, he or she will need the formal anointing and unstinted support of Mahinda if they are to win.

The days ahead – the debate begins

In the next two weeks, we will see the heavyweight parties announce coalition partners and present their platforms.

The first to go will be the UNP-led alliance to be called the United Democratic Front on August 5.

The UDF will comprise many of the current UNF alliance partners as well as some elements of the Sri Lanka Freedom Party which supported the UNP during the October 2018 Constitutional Coup.    

It is very likely that some senior members of the SLFP will announce their intention to support this alliance on the 5th.

The next major announcement will be from the Rajapaksa-led front which will be anchored by the newly formed Sri Lanka Podujana Peramuna.

The SLPP won the 2018 Local Government Polls handily and with that momentum will be the party to beat at the forthcoming Presidential poll and the Parliamentary elections that will follow. This is because of the muscle it has at the ground level and the slick organisation built for the LG polls.

The SLPP has been joined last week by a number of smaller parties that signed a Memorandum of Understanding with it.

The nature of the formations will shape the debate ahead.

The UDF is likely to have more substantial minority representation while the SLPP will be weighted heavily on the Sinhala majority side.

In it’s words and actions, particularly after the Easter Sunday attacks the SLPP has shown it will run a Sinhala majoritarian campaign.

In several of the Local Government organisations it dominates such as Kurunegala with the Shafi case, and Wennappuwa where Muslim traders were banned from participating in the weekly fair, it has shown a strong anti-Muslim bias.

The UDF is expected to attract more substantial minority support and try to present itself as a unifying multi-cultural and multi-religious alliance.

The divisions will be clearer as the weeks roll out, but one thing is certain; hang on to your hats we are in for quite the ride.

Sri Lanka’s flash floods in capital point to systemic institutional failure, ignored directives

ECONOMYNEXT – As torrential monsoon downpours transformed Sri Lanka’s commercial capital’s thoroughfares into raging brown rivers on Friday (06) submerging vehicles, paralyzing public transit, and inundating critical facilities like the National Hospital, the crisis was framed by authorities as an act of nature.

But for the millions of residents wading through waist-deep water, the disaster was not merely meteorological. It was man-made, preventable, and a glaring testament to gross institutional negligence.

Vraîe Cally Balthazaar, the Mayor of the island nation’s biggest local governing body Colombo Municipal Council (CMC) posted on her FaceBook (Meta) platform just a week ago before the floods that people in her ward “have had to live with the risk of flooding for years” after the stormwater drain running through the Jawatta Public Cemetery collapsed in 2019.

She said in the post that she promised the residents that the CMC would get the repairs done before the end of September, and she was happy to say that the CMC has “managed to complete the work by September 15.

“And sometimes, something as simple as fixing a drain can make a real difference to an entire neighbourhood,” Balthazaar said.

However, the flash floods saw the same area heavily flooded despite the ‘fixing’ by the CMC.

Just 24 days before the floods, Prime Minister Harini Amarasuriya herself issued a direct, unequivocal order to government officials and municipal authorities to treat the cleaning of Colombo’s canal and drainage systems as an exceptional priority.

She directed to expedite the work and complete it within two weeks to ensure proper rainwater management amid anticipated increases in rainfall.

Prime Minister Amarasuriya issued these directives while addressing the Colombo District Coordinating Committee meeting held on October 13 at the Narahenpita District Secretariat.

During the meeting, officials from divisional secretariat offices, the Agrarian Development Department, and the Provincial Irrigation Department highlighted existing challenges in cleaning drainage and canal systems, noting issues such as a shortage of technical officers and difficulties faced in formulating plans and estimates.

Her instruction came in response to early meteorological indicators pointing toward an intensifying inter-monsoonal rainfall season.

But the floods last week proved that these directives had been ignored, delayed, and left unimplemented by the very bodies sworn to protect the city’s populace.

Recognizing the chronic vulnerability of the commercial capital’s low-lying geography, the Prime Minister instructed relevant stakeholders to systematically clear Colombo’s primary canals, secondary outlets, and subterranean drainage systems.

Crucially, the directive came with a strict deadline: a two-week window to complete the comprehensive clearing of blockages, silt, and solid waste that choke the city’s waterways.

Colombo would not have had last week’s floods, had the Prime Minister’s instruction been heeded and executed.

But the Prime Minister’s instruction designed precisely to preempt the catastrophic urban flooding that has chronically plagued Colombo during heavy weather was ignored.

Yet, when the skies opened up last Friday (06), the two-week deadline had long expired into the ether of bureaucratic inaction.

The canals remained congested with plastic debris, unauthorized construction bottlenecks, and thick layers of silt.

The drainage systems, starved of maintenance, failed instantly.

Neither the central government machinery nor the Colombo Municipal Council (CMC) can wash their hands of accountability.

The ‘Clean Sri Lanka’ programme under the current government has been created to deal with prevention of flooding among many other ambitious goals.

“The responsibility for this damage must be borne by the President even more than the Mayor,” former Urban Development and Megapolis Minister Champika Ranawaka, a strong government critic, said on his YouTube platform.

“He is the head of the disaster management apparatus, and ‘Clean Sri Lanka’ operates under his direct leadership. Because of his actions and their administrative conduct, the entire state machinery has been brought to a standstill.”

Anatomy of Municipal Paralysis

When orders from the higher office like Prime Minister of the state can be casually sidelined by municipal inertia, it exposes a profound fracture in governance, one where public safety is compromised by institutional paralysis.

At the heart of Colombo’s drainage crisis is a systemic failure of local governance and inter-agency coordination.

The Colombo Municipal Council, tasked with the day-to-day stewardship of municipal infrastructure, waste management, and local drainage networks, has long operated in an administrative comfort zone characterized by reactive posturing rather than proactive mitigation.

When the Prime Minister’s directive was issued in mid-October, it should have triggered an immediate emergency mobilization.

Municipal work crews, heavy machinery, and desilting operations ought to have been deployed across every vulnerable ward, from the commercial hubs of Fort and Pettah to densely populated residential quarters like Borella, Wellawatte, and Grandpass.

Instead, citizens witnessed what can only be described as administrative inertia.

Bureaucratic red tape, sluggish procurement of maintenance contracts, and a lack of accountability mechanisms meant that instructions from the Prime Minister trickled down into endless committee meetings rather than field operations.

By treating a critical pre-monsoon cleanup as a routine administrative task rather than an urgent, life-saving imperative, municipal officials displayed a reckless disregard for urban risk management.

The government repeatedly said it has collected ample tax revenue to run the country. But that money could not be used urgently to protect the Colombo city when it was evident what was going to happen as per Prime Minister Amarasuriya’s instructions.

Furthermore, the failure extends beyond mere delayed cleanups to encompass chronic structural enforcement failures.

Over decades, Colombo’s natural hydrological buffers including its wetlands, marshes, and secondary flood retention areas have been systematically degraded or encroached upon by uncoordinated commercial and residential developments.

When drainage systems are clogged with garbage while vital retention pathways are blocked by concrete, even a standard heavy downpour is bound to trigger catastrophe.

Friday’s deluge merely exposed the cumulative cost of this willful administrative blindness.

Economic Toll of Negligence

The consequences of this systemic failure were borne immediately by ordinary citizens and critical public infrastructure.

The inundation of the National Hospital of Sri Lanka, where floodwaters unprecedentedly breached critical service areas, should be considered a national scandal.

That a premier healthcare institution can be crippled within 2 hours of heavy rain, jeopardizing patient care and compromising sterile environments, illustrates the deadly stakes of municipal failure.

Beyond the hospitals, small business owners watched their livelihoods float away, commuters were stranded for hours in gridlocked, submerged buses, and low-income families residing in underserved settlements suffered extensive property damage.

For an urban economy trying to anchor Sri Lanka’s fragile post-crisis recovery, recurring paralyzing floods exact a heavy toll in lost productivity, infrastructure damage, and emergency response costs.

Accountability

The CMC and government have pointed fingers at the illegal structures erected under past governments for the latest disaster. But this government has already been in power for two years.

In the aftermath of the disaster, routine finger-pointing between central agencies and municipal bodies also has begun, with officials attempting to deflect blame onto unprecedented rainfall volumes.

But meteorological data offers no refuge for negligent administrators.

The rainfall, while heavy, was seasonally anticipated; indeed, it was precisely why the Prime Minister issued her October directive.

When a directive issued by the second-in-command of the country is left gathering dust on a municipal desk while citizens face preventable devastation, the social contract breaks down.

The current government and the Colombo Municipal Council cannot hide behind excuses of resource constraints or administrative oversight.

Preventing flash floods requires more than issuing seasonal press releases or convening post-disaster committees after the water has receded.

It demands rigorous enforcement, transparent institutional accountability, and a zero-tolerance approach to administrative lethargy.

If the authorities cannot execute basic drainage maintenance, Colombo will remain structurally vulnerable, hostage to the next raincloud, and failed by the very institutions meant to protect it. (Colombo/November 08/2026)

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Sri Lanka rupee closes at 332.53/59 to US dollar spot, bond yields edge up

ECONOMYNEXT – Sri Lanka’s rupee closed at 332.53/59 to the US dollar spot on Monday, from 332.55/60 the previous day, while bond yields closed higher, dealers said.

A bond maturing on 15.09.2029 closed at 190/98 percent, up from 10.85/95 percent.

A bond maturing on 01.08.2030 closed at 11.07/12 percent, up from 11.05/10 percent.

A bond maturing on 01.02.2031 closed at 11.30/40 percent, up from 11.10/15 percent.

A bond maturing on 15.12.2032 closed at 11.65/70 percent, up from 11.55/65 percent.

A bond maturing on 01.11.2033 closed at 11.95/12.00 percent, up from 11.90/95 percent.

A bond maturing on 15.10.2034 closed at 12.10/15 percent, up from 12.05/12 percent.

A bond maturing on 15.08.2036 closed at 12.40/50 percent, up from 12.30/40 percent. (Colombo/Nov9/2026)

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Sri Lanka stocks close up 1.37-pct, banks lead turnover

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange closed up on Monday, CSE data showed, with the benchmark All Share Price Index moving up 1.37 percent.

The ASPI was up 291.72 points at 21,531.37, while the more liquid S&P SL20 was up 1.67 percent, or 100.96 points, at 6,146.34.

Positive contributors to the ASPI were Commercial Bank of Ceylon (up 2.86 percent at 216.00 rupees), Hatton National Bank (up 1.52 percent at 399.75 rupees), Asiri Hospital Holdings (up 12.86 percent at 31.60 rupees), Tokyo Cement Company (up 5.22 percent at 84.70 rupees), and Access Engineering (up 3.93 percent at 81.90 rupees).

Carson Cumberbatch (down 4.24 percent at 712.00 rupees), Richard Pieris and Company (down 2.43 percent at 28.10 rupees), LOLC Holdings (down 0.62 percent at 400.00 rupees), Renuka Holdings (down 2.63 percent at 37.00 rupees), and Chevron Lubricants Lanka (down 0.61 percent at 204.25 rupees) were top negative contributors.

Market turnover was 3.33 billion rupees. The S&P/CSE Banks Industry Group led turnover with 667.76 million rupees.

The session saw heavy crossings, according to Raynal Wickremeratne, Head of Research and Strategy at NDB Securities. Significant crossings included Keells (23 million rupees), Distilleries Company (27.7 million rupees), Sunshine Holdings (30.6 million rupees), Commercial Bank (32.4 million rupees), Ceylon Tobacco Company (35.6 million rupees), Hatton National Bank (39.5 million rupees), Prime Lands (40.5 million rupees), and HAS Holdings (41.5 million rupees).

In corporate news, Hayleys Retail Holdings Ltd announced it has partnered with supply chain software provider Blue Yonder to build and scale an AI-native grocery supermarket chain across Sri Lanka. (Colombo/Nov09/2026)

 

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Sri Lanka’s Hayleys Retail to launch supermarket chain with Blue Yonder

ECONOMYNEXT — Hayleys Retail Holdings Ltd has selected supply chain software provider Blue Yonder to build its grocery retail operations from the ground up, the two companies said in a joint statement.

Hayleys Retail, a member of Sri Lanka’s diversified conglomerate Hayleys Group, plans to open several stores in the near future to serve consumers across the country. The agreement marks Blue Yonder’s first retail customer in Sri Lanka.

“Our entry into supermarket retail is about bringing that same commitment to quality and reliability closer to everyday Sri Lankan consumers,” Mohan Pandithage, Chairman and Chief Executive of Hayleys PLC said.

“With Blue Yonder, our teams will have AI-driven insight to deliver a seamless, consistent shopping experience across every store,” he said.

Hayleys, which accounts for approximately 5 percent of Sri Lanka’s export income and operates across 17 business sectors, is entering the large-scale supermarket space by drawing on its group strengths in manufacturing, logistics, and services.

The company selected Blue Yonder to connect its data across merchandising and shelf space, deploy artificial intelligence agents to catch operational issues early, and scale its business into a national network without changing platforms.

The rollout will begin with merchandise operations to manage suppliers, items, costs, and pricing, followed by machine learning capabilities to forecast demand and balance store inventory during seasonal peaks.

“Hayleys Retail is choosing one where AI is the foundation rather than an add-on—connected data and agentic AI built into core merchandising operations, and planning that learns as the business grows,” Antonio Boccalandro, President, APAC at Blue Yonder said.

The retailer plans to use the platform to automate routine store tasks and adjust inventory according to real-time sales and local market trends as its store footprint grows. (Colombo/Nov09/2026)

 

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Sri Lanka’s Citrus Leisure extends Lotus Tower management pact

ECONOMYNEXT – Sri Lanka listed hospitality firm Citrus Leisure said it has extended an agreement to manage consumer-facing and entertainment spaces at the Colombo Lotus Tower, which includes revolving restaurant Blue Orbit, until June next year.

The initial agreement signed between Citrus Leisure and Colombo Lotus Tower Management Company (Private) Limited (CLTMC) is due to expire on December 11.

“The Board of Directors of CLTMC at meeting held on 2nd November 2026 has resolved to extend the term of the Management Agreement and continue the existing Management Agreement until 30th June 2027, to which the company has given its concurrence,” the company said in a market filing.

Citrus Leisure Plc opened its revolving restaurant at the Lotus Tower in December 2023.

The company signed a 3-year agreement with CLTMC in May 2023 to provide services in the management of (l) the banquet hall 1 on the 25th floor, (2) the banquet hall 2 on the 26th floor, (3) the revolving restaurant on the 27th floor, (4) the 6 suites situated on the 28th floor and the kitchen in the basement floor of the Colombo Lotus Tower.

The 350-meter or 1,150-feet tower, the tallest in South Asia, was built at a cost 104.3 million US dollars with 80 percent of the money borrowed from Exim Bank of China.

Located in the commercial heart of Colombo, the tower has been called a symbolic landmark of Sri Lanka as well as a colossal white elephant and has been mired in controversy for years. (Colombo/Nov9/2026)

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CIC Holdings Sept quarter net profit rises 20-pct to Rs1.7bn

ECONOMYNEXT — Sri Lanka conglomerate CIC Holdings recorded a net profit of 1.66 billion rupees for the quarter ended September 30, rising 20.3 percent from 1.38 billion rupees in the same quarter last year, interim accounts showed.

The group posted basic earnings per share of 0.87 rupees for the September quarter, up from 0.73 rupees a year earlier.

Quarterly revenue grew 3.4 percent to 20.89 billion rupees from 20.20 billion rupees, supported by broad-based growth across industrial solutions, livestock, and healthcare segments, which counterbalanced relative demand moderation in agricultural inputs.

Cost of sales rose 5.3 percent to 15.20 billion rupees, outpacing revenue growth and causing gross profit to contract marginally by 1.2 percent to 5.68 billion rupees.

Results from operating activities dropped 7.3 percent to 2.66 billion rupees from 2.87 billion rupees, impacted by higher operating overheads.

Selling expenses expanded 6.8 percent to 2.15 billion rupees, and general and administrative expenses climbed 5.8 percent to 1.07 billion rupees, while other operating income dropped 29.6 percent to 117.40 million rupees.

However, operating profits were cushioned by an impairment reversal on trade receivables of 85.83 million rupees, turning around from an impairment provision of 23.38 million rupees in the corresponding quarter last year.

Net finance costs climbed 35.4 percent to 712.25 million rupees from 526.01 million rupees.

The increase was driven by a 30.8 percent rise in finance expenses to 771.46 million rupees, primarily reflecting higher interest expenses on loans to finance elevated working capital and inventory requirements.

The quarter’s bottom line was strongly bolstered by CIC’s equity-accounted investment in John Keells Holdings PLC (JKH).

Share of profit from equity-accounted investees surged more than fourfold to 590.50 million rupees from 257.87 million rupees, driven by JKH’s strong profit expansion during the period.

The group also recognized a gain on bargain purchase of 55.59 million rupees during the quarter resulting from additional share purchases in JKH where the proportionate net asset value exceeded acquisition cost, compared to no such gain a year earlier.

With associate income gains offsetting operating margin contraction and higher borrowing costs, group pre-tax profit held virtually flat at 2.59 billion rupees, down 0.11 percent.

Income tax expense fell 29.4 percent to 606.24 million rupees from 858.71 million rupees, driving total group profit for the period up 14.1 percent to 1.98 billion rupees.

Total group assets stood at 108.58 billion rupees as of September 30, up from 99.75 billion rupees at the end of March 2026.

Group net asset value per share increased to 25.52 rupees from 22.10 rupees a year earlier.

CIC Holdings’ ordinary voting shares closed at 27.80 rupees at the end of September.(Colombo/Nov09/2026)

 

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