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Updated list of locked down/isolated areas in Sri Lanka (May 17)

Thursday May 6, 2021 2:19 pm

Thursday May 6, 2021 2:19 pm

ECONOMYNEXT – Sri Lanka has isolated over 220 Grama Niladhari divisions in 75 police areas and five entire police areas in 20 districts as of this morning, data from the National Operations Centre for the Prevention of COVID-19 (NOCPOC) showed.

The Grama Niladhari divisions and police areas isolated are as follows: (May 17)

Colombo district

Moratumulla police area

  • Willorawatta Grama Niladhari division

Piliyandala police area

  • Dampe Grama Niladhari division
  • Batakettara North Grama Niladhari division
  • Pelanwatta West Grama Niladhari division
  • Kesbawa South Grama Niladhari division
  • Pelanwatta East Grama Niladhari division
  • Makandana East Grama Niladhari division
  • Mavitthara North Grama Niladhari division
  • Madapatha Grama Niladhari division
  • Gorakapitiya Grama Niladhari division
  • Nampamunuwa Grama Niladhari division
  • Honnanthara East Grama Niladhari division
  • Honanthara West Grama Niladhari division
  • Delthara East Grama Niladhari division
  • Delthara West Grama Niladhari division
  • Halpita Grama Niladhari division – Isolated from May 07
  • Kesbawa East Grama Niladhari division – Isolated from May 07
  • Makandana West Grama Niladhari division – Isolated from May 07
  • Niwungama Grama Niladhari division – Isolated from May 07
  • Polhena Grama Niladhari division – Isolated from May 07
  • Niwanthidiya Grama Niladhari division – Isolated from May 08
  • Mampe East Grama Niladhari division – Isolated from May 08
  •  Kolamunna Grama Niladhari division- isolated from May 12
  •  Mampe West Grama Niladhari division-isolated from May 12

Maharagama police area

  • Arawwala North Grama Niladhari division
  • Pamunuwa Grama Niladhari division
  • Arawwala West Grama Niladhari division – Isolated from May 08

Padukka police area

  • Uggalla Grama Niladhari division- Isolation lifted from May 13

Gampaha district

Kadawatha police area

  • Eldeniya Church Road
  • Ranaviru Dharmasiri Mawatha
  • Kotadeniyawa Police area
  • Polhena Grama Niladhari division- Isolation lifted on May 12
  • Hiralugedara Grama Niladhari division
  • Kaluaggala Grama Niladhari division- Isolation lifted on May 12
  • Eldeniya East Grama Niladhari division – Isolated from May 07
  • Sooriyapaluwa South Grama Niladhari division – Isolated from May 07
  • Sooriyapaluwa North Grama Niladhari division – Isolated from May 07
  • Pahala Karagahamuna Grama Niladhari division – Isolated from May 07
  • Ihala Karagahamuna North Grama Niladhari division – Isolated from May 07

Wattala police area

  • Alwiswatta Grama Niladhari division
  • Kerawalapitiya Grama Niladhari division – Isolated from May 08
  • Wattala Grama Niladhari division – Isolated from May 08
  • Hekiththa Grama Niladhari division – Isolated from May 08
  • Palliyawatta South Grama Niladhari division – Isolated from May 08
  • Maha Pamunugama area in Sedawaththa Grama Niladhari division
  • 44th Lane in Kunjagahawatta Grama Niladhari division
  • 3rd and 7th Lane in Nilsiri Gama Grama Niladhari division

Kirindiwela police area

  • Kuttiwila Grama Niladhari division- Isolation lifted from May 17

Mahabage police area

  • Keranga Pokuna Grama Niladhari division – Isolated from May 08
  • Galudupita Grama Niladhari division – Isolated from May 08
  • Maththumagala Grama Niladhari division – Isolated from May 08
  •  Elapitawala Navam Mahara- isolated from May 12
  •  Magul Pokuna Road-isolated from May 12

Mahara Police Area

  • Etikehelgalla West Grama Niladhari division

Katana Police Area

  • KC Silva Grama Niladhari division
  • Atabagahawatta Village in Kadirana North
  • Peshakarma Village in Kadirana South

Divulapitiya Police Area

  • Palugahawela Grama Niladhari division- isolated from May 13

Biyagama police area

  • Biyagama North Grama Niladhari division- isolated from May 17

Kalutara district

Agalawatta police area

  • Pimbura Grama Niladhari division – Isolated from May 07
  • Wedikanda Village in Kithulgoda South Grama Niladhari division – Isolated from May 17

Mathugama police area

  • Yatiyana West Grama Niladhari division – Isolated from May 07
  • Koratuhena of the Yatadolawatta West Grama Niladhari division – Isolated from May 08

Dodangoda police area

  • Bombuwala Grama Niladhari division

(Isolation lifted in Bombuwala North West, Bombuwala South West, Bombuwala North Central, Bombuwala South Central, Bombuwala South East, Bombuwala North East as of May 17)

Meegahathenna police area

  • Wellawita South Grama Niladhari division
  • Maakalandawa Grama Niladhari division
  • Bothalawa Grama Niladhari division
  • Katukele Welmeegoda Grama Niladhari division- Isolation lifted from May 17
  • Pahala Hewessa Grama Niladhari division – Isolation lifted from May 07
  • Pelawatta North Grama Niladhari division – Isolation lifted from May 07
  • Pelawatta East  Grama Niladhari division

Kalutara South police area

  • Adhikarigoda Grama Niladhari division- Isolation lifted on May 12
  • Wijitha Mawatha of the Nagoda South Grama Niladhari division – Isolated from May 08

Kalutara North police area

  • Bosiripura locality of the Vidhyasaara Grama Niladhari division – Isolated from May 08
  • Mahawaskaduwa North Grama Niladhari division – Isolated from May 08

Baduraliya police area

  • Bollunna Grama Niladhari division – Isolation lifted as of May 07
  • Ingurudaluwa Grama Niladhari division
  • Meedalana Grama Niladhari division
  • Morapitiya North Grama Niladhari division – Isolation lifted as of May 07
  • Peleeda Grama Niladhari division
  • Hedigalla Grama Niladhari division

Thiniyawala police area

  • Thiniyawala Grama Niladhari division

Panadura South police area

  • Walana North Grama Niladhari division
  • Wekada North Grama Niladhari division
  • Malamulla East Grama Niladhari division
  • Kiriberiya Grama Niladhari division
  • Pinwatta Grama Niladhari division- Isolation lifted from May 17
  • Pinwatta West Grama Niladhari division- Isolation lifted from May 17

Bandaragama police area

  • Bandaragama East Grama Niladhari division (except Rottery village)

Moragahahena Police Area

  • Palannoruwa Grama Niladhari division
  • Koralaima Grama Niladhari division
  • Kumbuka West Grama Niladhari division

Horana Police Area

  • Narthanagala Grama Niladhari division

Ingiriya Police Area

  • Raigamwaththa Bottom Area in Raigamwatta Grama Niladhari division- isolated from May 17
  • Raigampura in Maha Ingiriya Grama Niladhari division- isolated from May 17
  • Raigam Cantonment in Maha Ingiriya Grama Niladhari division- isolated from May 17

Galle district

Ambalangoda police area

  • Godahena Grama Niladhari division
  • Talgasgoda Grama Niladhari division

Rathgama police area

  • Imbulagoda Grama Niladhari division
  • Katudampe Grama Niladhari division

Habaraduwa police area

  • Koggala 01 Grama Niladhari division – Isolated from May 08
  • Koggala 02 Grama Niladhari division – Isolated from May 08
  • Lanumodara Grama Niladhari division- isolated from May 13
  • Bonavista Grama Niladhari division- isolated from May 13
  • Katukurunda Grama Niladhari division- isolated from May 13

Ahangama police area

  • Meegahagoda Grama Niladhari division – Isolated from May 08
  • Maaliyagoda Grama Niladhari division – Isolated from May 08
  • Piyadigama Grama Niladhari division – Isolated from May 08
  •  Atanikitha Grama Niladhari division- isolated from May 12
  • Karadungoda Grama Niladhari division- isolated from May 13
  • Goviyapana Grama Niladhari division- isolated from May 13
  • Kahawannagama Grama Niladhari division- isolated from May 13
  • Dommangoda Grama Niladhari division- isolated from May 13

Imaduwa Police Area

  • Dikkumbura Grama Niladhari Division

Elpitiya Police Area

  • Batuwanhena Grama Niladhari division- isolated from May 17
  • Walambagala Grama Niladhari division- isolated from May 17

Rathnapura district

Rathnapura police area

  • Gagulwitiya  Grama Niladhari division
  • Angammana Grama Niladhari division

Rakwana police area

  • Pothupitiya  Grama Niladhari division
  • Dolkanda Grama Niladhari division
  • Rambuka Grama Niladhari division
  • Kathlana Grama Niladhari division
  • Thanabela Grama Niladhari division
  • Imbulkanda Grama Niladhari division
  • Pothupitiya South Grama Niladhari division
  • Panapitiya South Grama Niladhari division- isolated from May 17
  • Panapitiya North Grama Niladhari division- isolated from May 17
  •  Gabbela Grama Niladhari division- isolated from May 17
  • Miyanawita West Grama Niladhari division- isolated from May 17

Kalawana police area

  • Hapugoda  Grama Niladhari division
  • Panapola Grama Niladhari division
  • Kudumiriya Grama Niladhari division
  • Kudawa Grama Niladhari division
  • Delgoda East Grama Niladhari division
  • Delgoda West Grama Niladhari division
  • Dawulagama Grama Niladhari division
  • Gangalagamuwa Grama Niladhari division
  • Koswatte Grama Niladhari division
  • Thapassara Kanda Grama Niladhari division
  • Waturawa Grama Niladhari division
  • Vembiyagoda Grama Niladhari division
  • Veddagala East Grama Niladhari division
  • Veddagala West Grama Niladhari division
  • Kalawana West Grama Niladhari division from the main town to East Dolhena Junction on both sides of the road

Embilipitiya police area

  • Pallegama Grama Niladhari division
  • Udagama Grama Niladhari division
  • Nawa Nagaraya Grama Niladhari division

Panamura police area

  • Walalgoda Grama Niladhari division
  • Sudugala Grama Niladhari division
  • Panamura Grama Niladhari division

Wewelwatta police area

  • Rathgaga Grama Niladhari division

Pelmadulla police area

  •  Sannasgala Grama Niladhari division
  • Godagasvinna Grama Niladhari division
  • Godagama Grama Niladhari division
  • Denawaka Pathakada
  • Dippitigal Grama Niladhari division

Kahawatta police area

  • Kattange No. 3 area
  • Nugawela West Grama Niladhari division- isolated from May 17
  • Uduhaupe Grama Niladhari division- isolated from May 17
  • Nugawela East Grama Niladhari division- isolated from May 17
  • Endana Grama Niladhari division- isolated from May 17
  • Madalagama Grama Niladhari division- isolated from May 17

Kuruvita police area

  • Kuruvita Grama Niladhari division
  • Town Area in Delgamuwa Grama Niladhari division

Monaragala district 

Wellawaya police area

  • Wellawaya Town Grama Niladhari division
  • Weherayaya Grama Niladhari division
  • Kottamgambokka Grama Niladhari division

Siyambalanduwa police area

  • Helamulla Grama Niladhari division
  • Gal amuna Grama Niladhari division

Buttala police area

  • Rahatangama Grama Niladhari division

Moneragala police area

  • Bohitiya Grama Niladhari division

Ampara district 

Dehiattakandiya police area

  • Dehiattakandiya Grama Niladhari division-Isolation lifted from May 13
  • Nawamadagama area in Nawamadagama Grama Niladhari division
  • Ranhelagama area in Bakmeedeniya Grama Niladhari division
  • Serupitiya sub area in Serupitiya Grama Niladhari division

Padiyathalawa Police Area

  • Kadupahara Village in Kehelulla Grama Niladhari division- Isolated from May 17

Matale district 

Dambulla police area

Galewela police area

Matale police area

Naula police area

Ukuwela police area

  • Pallekumbura Grama Niladhari division
  • Alugolla Grama Niladhari division

Raththota Police Area

  • Uda Hapuvida Grama Niladhari division

Yatawatta Police Area

  • Walpola Grama Niladhari division- isolated from May 17
  • Alawaththa Village in Yatawatta Grama Niladhari division- isolated from May 17

Polonnaruwa district 

Higurakgoda police area

  • Siriketha Grama Niladhari division

Elahera police area

  • Sarubima Grama Niladhari division (except Batuhena Village)

Trincomalee district

Trincomalee police area

  • Subathra Lanka Mavatha in  Anandakulam Grama Niladhari division
  • Pumpuhar Grama Niladhari division
  • Kovilady Grama Niladhari division

Uppuweli police area

  • Sumethagampura Grama Niladhari division

China Bay police area

  • Kavattikudah Grama Niladhari division (except Samanpura, Deewara Gammanaya & Danyagama 2 areas and Lucky Wijeratna Road)
  • China Bay Grama Niladhari division ( except Lankapalama & Danyagama areas)

Kinniya police area

  • Kinniya Grama Niladhari division- isolated from May 17
  •  Periya Kinniya Grama Niladhari division- isolated from May 17
  •  Kuttikarachchi Grama Niladhari division- isolated from May 17
  •  Ahuthar Town Grama Niladhari division- isolated from May 17
  •  Periyathumunei Grama Niladhari division- isolated from May 17
  •  Malinturai Grama Niladhari division- isolated from May 17
  •  Rahumaniya Town Grama Niladhari division- isolated from May 17
  •  Sinna Kinniya Grama Niladhari division- isolated from May 17
  •  Mancholai Grama Niladhari division- isolated from May 17
  •  Katteiyaru Grama Niladhari division- isolated from May 17
  •  Kurincharkerny Grama Niladhari division- isolated from May 17
  •  Munachchenai Grama Niladhari division- isolated from May 17

Kurunegala district

Kumbukgete police area

  • Udubadalawa Grama Niladhari division

Kuliyapitiya police area

  • Kuliyapitiya town Grama Niladhari division – Isolated lifted as of May 08
  • Assadduma Grama Niladhari division – Isolated lifted as of May 08
  • Meegahakotuwa Grama Niladhari division – Isolated lifted as of May 08
  • Dikhera Grama Niladhari division – Isolated lifted as of May 08
  • Deegalla Grama Niladhari division – Isolated lifted as of May 08
  • Kabalewa Grama Niladhari division – Isolated lifted as of May 08
  • Kirindawa Grama Niladhari division – Isolated lifted as of May 08
  • Anukkane Grama Niladhari division – Isolated lifted as of May 08
  • Ihala Kalugamuwa Grama Niladhari division – Isolated lifted as of May 08
  • Weralugama Grama Niladhari division – Isolated lifted as of May 08
  • Thabbomulla Grama Niladhari division – Isolated lifted as of May 08
  • Dandagamuwa West Grama Niladhari division – Isolated lifted as of May 08
  • Dandagamuwa East Grama Niladhari division – Isolated lifted as of May 08
  • Madakumburumulla Grama Niladhari division – Isolated lifted as of May 08
  • Ihala Weerambuwa Grama Niladhari division – Isolated lifted as of May 08
  • Koongahagedara Grama Niladhari division – Isolated lifted as of May 08
  • Thunmodara Grama Niladhari division – Isolated lifted as of May 08
  • Ketawalegedara Grama Niladhari division – Isolated lifted as of May 08

Pannala police area

Wellawa police area

  • Nikadalupotha Grama Niladhari division- Isolation lifted as of May 12

Giriulla police area

  •  Hamangalla Grama Niladhari division- isolated from May 17
  •  Narangoda North Grama Niladhari division- isolated from May 17
  •  Narangoda South Grama Niladhari division- isolated from May 17
  •  Batapothella Grama Niladhari division- isolated from May 17
  •  Malgamuwa Grama Niladhari division- isolated from May 17
  •  Dodampotta Grama Niladhari division- isolated from May 17
  •  Narangamuwa Grama Niladhari division- isolated from May 17
  •  Wattegedara Grama Niladhari division- isolated from May 17
  • Katugampola Grama Niladhari division- isolated from May 17
  •  Kavudumunna Grama Niladhari division- isolated from May 17
  •  Hamanagoda Grama Niladhari division- isolated from May 17
  •  Weththewa Grama Niladhari division- isolated from May 17
  •  Mummana Grama Niladhari division- isolated from May 17
  •  Maharagama Grama Niladhari division- isolated from May 17
  • Pahala Meddepola Grama Niladhari division- isolated from May 17
  •  Ihala Meddepola Grama Niladhari division- isolated from May 17
  •  Koduruwawala Grama Niladhari division- isolated from May 17
  •  Mahingamuwa Grama Niladhari division- isolated from May 17
  •  Siyambalawalana Grama Niladhari division- isolated from May 17
  •  Bopitiya Grama Niladhari division- isolated from May 17
  •  Ihala Labbala Grama Niladhari division- isolated from May 17
  •  Pahala Labbala Grama Niladhari division- isolated from May 17
  •  Maththegama Grama Niladhari division- isolated from May 17
  •  Wellewa Grama Niladhari division- isolated from May 17

Nuwara Eliya district

Kothmale police area

  • Panamgammana Grama Niladhari division

Norwood police area

  • Ingestre Grama Niladhari division
  • Venchar Grama Niladhari division – Isolated from May 17
  • Ingustre Grama Niladhari division – Isolated from May 17
  • Tilary Grama Niladhari division – Isolated from May 17

Hatton police area

  • Fordius Estate Grama Niladhari division (except Gonagalla and Akkara 30 areas)
  • Nfield Grama Niladhari division – Isolated from May 17

Walapane police area

  • Neeladandahinna Grama Niladhari division

Haguranketha police area

  • Rathmatiya Grama Niladhari division

Lindula Police Area

  • St Coombs Estate Grama Niladhari division

Bagawanthalawa Police Area

  • Curcusworld Grama Niladhari division – Isolated from May 17
  • Bogawana Grama Niladhari division – Isolated from May 17
  • Loinon Grama Niladhari division – Isolated from May 17
  • Kotiyagala Grama Niladhari division – Isolated from May 17
  • Bagawanthalawa Grama Niladhari division – Isolated from May 17

Batticaloa district

Manmune police area

  • Tissawerasingham Square Grama Niladhari division

Kirankulam Police Area

  •  Lake Road heading through Manchona (150 C Grama Niladhari division)- isolated from May 17
  •  Weaving Mill Road (150 C Grama Niladhari division)- isolated from May 17
  •  Velapodi Road (150 C Grama Niladhari division)- isolated from May 17
  •  Kannakiamman Kovil Road heading seashore (150 C Grama Niladhari division)- isolated from May 17
  •  Lake Road heading to Vithanya (150 B Grama Niladhari division)- isolated from May 17
  •  Appuhamy Road heading up to seashore (150 B Grama Niladhari division)- isolated from May 17

Vavuniya district

Puwarankulam police area

  • Kurukkalpudukkulam Grama Niladhari division

Jaffna district

Kodikamam police area

  • Kodikamam Central Grama Niladhari division – Isolated from May 08
  • Kodikamam North Grama Niladhari division – Isolated from May 08

Matara district 

Matara Police Area

  • Uyanwatte Grama Niladhari division
  • Uyanwatte North Grama Niladhari division

Kandy district 

Kadugannawa Police Area

  • Kosgastenne and Thibutta Villages in Walgampaya Grama Niladhari division

Puttalam district 

Koswatta Police Area

  • Meda Kirimetiyana

Hambantota district 

Sooriyawewa Police Area

  •  Sooriyawewa Town

Kegalle district

Bulathkohupitiya Police Area

  •  Udapotha Grama Niladhari division
  •  Kendawa Grama Niladhari division

 

(Colombo/May08/2021)

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Markets

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

Monday November 9, 2026 3:29 pm

Monday November 9, 2026 3:29 pm

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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Information Technology

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

Monday November 9, 2026 3:12 pm

Monday November 9, 2026 3:12 pm

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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Stocks & Companies

Sri Lanka’s Citrus Leisure extends Lotus Tower management pact

Monday November 9, 2026 1:16 pm

Monday November 9, 2026 1:16 pm

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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Markets

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

Monday November 9, 2026 11:50 am

Monday November 9, 2026 11:50 am

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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Markets

Sri Lanka stocks trend up; ASPI gains 0.78-pct

Monday November 9, 2026 10:40 am

Monday November 9, 2026 10:40 am

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange was trading higher on Monday, CSE data showed, with the benchmark All Share Price Index moving up 0.78 percent.

The ASPI was up 165.73 points at 21,405.38, while the more liquid S&P SL20 was up 0.61 percent, or 37.04 points, at 6,082.42.

Positive contributors to the ASPI were Commercial Bank (up 1.55 percent at 213.25 rupees), Ceylon Cold Stores (up 2.61 percent at 128.00 rupees), Asiri Hospital Holdings (up 10.00 percent at 30.80 rupees), Hemas Holdings (up 1.27 percent at 32.00 rupees), and Ambeon Holdings (up 6.02 percent at 37.00 rupees).

Namunukula Plantations (down 3.92 percent at 63.70 rupees), LOLC Holdings (down 0.62 percent at 400.00 rupees), and Chevron Lubricants Lanka (down 0.12 percent at 205.25 rupees) were top negative contributors.

Market turnover was 428.31 million rupees. Capital goods led turnover with 82.53 million rupees. (Colombo/Nov09/2026)

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Bonds & Forex

Sri Lanka rupee at 332.54/58 to US dollar spot, bond yields steady

Monday November 9, 2026 10:35 am

Monday November 9, 2026 10:35 am

ECONOMYNEXT – Sri Lanka’s rupee was quoted at 332.54/58 to the US dollar spot on Monday, stronger from 332.55/60 Friday, while bond yields held broadly steady, dealers said.

A bond maturing on 15.09.2029 was quoted at 10.90/95 percent, up from 10.85/95 percent.

A bond maturing on 01.08.2030 was quoted at 11.00/10 percent, down from 11.05/10 percent.

A bond maturing on 01.02.2031 was quoted at 11.10/20 percent, up from 11.10/15 percent.

A bond maturing on 15.12.2032 was quoted at 11.58/68 percent, up from 11.55/65 percent.

A bond maturing on 01.06.2033 was quoted at 11.80/95 percent, up from 11.80/85 percent.

A bond maturing on 15.10.2034 was quoted at 12.08/15 percent, up from 12.05/12 percent.

A bond maturing on 15.08.2036 was quoted flat at 12.30/40 percent.

The telegraphic transfer rate for the dollar was 328.05 buying, 337.05 selling; the euro was 363.3528 buying, 377.1336 selling; pound was 437.5954 buying, 451.7038 selling.

On the Colombo Stock Exchange the All Share Price Index was up 0.78 percent, or 165.42 points, at 21,405; while the S&P SL20 was up 0.58 percent, 35.19 points, at 6,080.

90,000 million rupees Treasury bills are to be issued through an auction on November 11. (Colombo/Nov9/2026)

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