FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Hotels controlled by LOLC Group
by Maharaja Today at 1:36 am

» AAIC Next multibugger- destnation beyond EXPO.
by ADVENTUS Yesterday at 10:30 pm

» BIL is still a baby
by Maharaja Yesterday at 12:36 pm

» HOTEL AND TRAVEL SECTOR
by rajini Thu Aug 18, 2022 11:38 pm

» IMF team to visit Sri Lanka by month-end for staff-level agreement - CB Governor
by ADVENTUS Thu Aug 18, 2022 6:32 pm

» LOLC to enter the giant Indian Market
by Chula Thu Aug 18, 2022 6:05 pm

» Stocks on the Radar at CSE
by samaritan Thu Aug 18, 2022 5:28 pm

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by K.R Thu Aug 18, 2022 4:14 pm

» Sri Lanka's first ever fully electric super car 'Vega'
by samaritan Thu Aug 18, 2022 2:19 pm

» SEMB.N and SEMB.X
by adjoseph Thu Aug 18, 2022 1:12 pm

» Forcus on Government controlled entities
by D.G.Dayaratne Thu Aug 18, 2022 9:26 am

» ACL; MELS; HHL; BIL; LWL- STOCKS TO WATCH
by ADVENTUS Wed Aug 17, 2022 10:33 pm

» BAIRAHA FARMS PLC (BFL.N0000)
by arun.cse Wed Aug 17, 2022 4:37 pm

» LIOC ....Get in soon
by arun.cse Wed Aug 17, 2022 3:55 pm

» RENUKA AGRI FOODS PLC (RAL.N0000) TP. 7
by Cma Wed Aug 17, 2022 2:08 am

» Sri Lankan Port Transshipment Hub Threats & Opportunities
by rajini Wed Aug 17, 2022 12:53 am

» LANKA INDIAN OIL CORPORATION - Maharaja
by Maharaja Tue Aug 16, 2022 11:07 pm

» AAIC 100 = SCAP 16
by SamJay1974 Tue Aug 16, 2022 8:12 pm

» APLA - Very very undervalued share - Target Price
by Jana Tue Aug 16, 2022 7:07 pm

» HAYLEYS PLC (HAYL.N0000)
by Chamath1980 Tue Aug 16, 2022 5:07 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » LOLC to enter the giant Indian Market

LOLC to enter the giant Indian Market

Go down  Message [Page 1 of 1]

samaritan

avatar
Moderator
Moderator

LOLC to enter the giant Indian Market Graphic-PAGE-04
MULTINATIONAL FINANCIAL CONGLOMERATE LOLC HAS PLANNED AN INVESTMENT PIPELINE INTO THE GIANT MARKET OFFERED BY INDIA
                                                           -Group MD Kapila Jayawardena-
To drive the innovative and strategic management agenda in the current dollar crisis, leading diversified conglomerate, the LOLC Group is set to accelerate multi- stakeholder collaboration in the local and global finance, investment, insurance and tourism and technology space, a top official at the helm of the company said.
In the field of Non-Banking Financial Institutions (NBFI), LOLC Finance PLC and Commercial Leasing and Finance PLC merged recently with a total asset value of Rs. 311 billion.
The group has diversified its offerings by investing in commercial banks including Seylan Bank and Hatton National Bank and in development banking with DFCC, Sanasa Development Bank and HDFC Bank.
A subsidiary or associated company, Browns Investments PLC has invested US$117 million for multiple projects in the Port City, namely, the Colombo International Financial Centre, Marina Hotel and the Marina.
“At LOLC we want to make every effort to help overcome the economic crisis in the country making maximum use of our global footprint across the two continents of Asia including Central Asia and Africa, across financial services, leisure and plantations”, Group Managing Director Kapila Jayawardena told the Business Times.
The LOLC Group recorded an upsurge in profits by as much as 46 per cent over the previous year to deliver a Profit before Tax of Rs. 83.8 billion and Profit after Tax of Rs. 77.8 billion for the financial year ended 31st March 2022, he revealed.
The company’s local and foreign assets are equal at 50 per cent each whilst 40 per cent of profits come from overseas and repatriation of sales proceeds helps in appreciating the Sri Lanka rupee in the present dollar crisis. Highlighting its visionary and innovative approach, he noted that the LOLC group has invested in research and innovation through its subsidiary LOLC Advanced Technologies and is currently in the commercialisation phase for various technologies such as graphite to graphene conversion and rice fortification. Graphene is the thinnest material known to man and about 200 times stronger than steel. Graphene is also an excellent conductor of heat and electricity and has interesting light absorption abilities.
LOLC’s Ceylon Graphene Technologies (CGT) is the most competitive industrial scale graphene manufacturer, product developer and researcher in the world due to its ownership of the complete product lifecycle, he pointed out.
After three years of rigorous R&D, setting up of manufacturing plants and obtaining world-class accreditations and certifications, CGT is ready to be known worldwide as the world’s best graphene supplier and of the major foreign exchange earners of
Sri Lanka soon, he revealed.

Outlining its international operations, he disclosed that the group has planned an investment pipeline into the giant market offered by India.
Looking ahead, the group is focused on taking its lifestyle based payment gateway, iPay, global, which will give the group’s financial services operation a cutting edge in global markets, reflecting its innovation and global drive. Industry leadership brings recognition on both local and international platforms, he pointed out.
Building on its plantation management expertise, the group operates sugarcane plantations in Sierra Leone.
LOLC Group subsidiary Sunbird Sierra Leone Limited (SBSL) is a large agro-based company with 23,500 hectares of land, with the option to increase it to 50,000 Ha, along with a sophisticated production facility which produces Extra Neutral Alcohol (ENA).
Meanwhile, the group recently acquired a luxury leisure property in Mauritius, the Radisson Blue with 100 rooms, and will soon be the largest leisure operator in the Maldives, expecting to add 1,077 rooms to the market soon.    The property developments nearing completion in Maldives are the Nasandhura Palace Hotel and 118 apartments; Bodufaru hotel; Browns Ari Resort; and Browns Raa atoll and STO Hulumale.


https://www.sundaytimes.lk/220626/business-times/after-lolc-investments-in-africa-maldives-now-india-on-the-horizon-486783.html

Share this post on: redditgoogle

avatar

Post Fri Aug 12, 2022 11:27 am by samaritan

There is growing interest towards LOLC group shares. As after the IMF agreement can expect large scale investments into Colombo Port City lead by India which is enjoying a high level of economic growth.
LOLC to enter the giant Indian Market Images?q=tbn:ANd9GcRfI-fwA4o6Qlk5cZ-xJ49tgz3u_jIKzPEY2Q&usqp=CAU

ADVENTUS likes this post

avatar

Post Mon Aug 15, 2022 4:52 pm by samaritan

samaritan wrote:There is growing interest towards LOLC group shares. As after the IMF agreement can expect large scale investments into Colombo Port City lead by India which is enjoying a high level of economic growth.
LOLC to enter the giant Indian Market Images?q=tbn:ANd9GcRfI-fwA4o6Qlk5cZ-xJ49tgz3u_jIKzPEY2Q&usqp=CAU
The radar detects LOLC, BRWN, BIL.................await more observations!

ADVENTUS and Chula like this post

avatar

Post Thu Aug 18, 2022 10:43 am by samaritan

RHL sighted on radar, to clear board today.

avatar

Post Thu Aug 18, 2022 2:52 pm by Chula

With all these positive developments, why is LOLC
 stagnating unlike LIOC. Hope LOLC at 600 won't be like
EXPO at 400 in January.

avatar

Post Thu Aug 18, 2022 5:19 pm by samaritan

Chula wrote:With all these positive developments, why is LOLC
 stagnating unlike LIOC. Hope LOLC at 600 won't be like
EXPO at 400 in January.
At the last bull run in January 2022 LOLC reached a high of 1400+. It is an illiquid share which has its merits and potential to surpass earlier high in the impending bull run. In a marathon race new faces may take the lead at the initial phase but veterans win the race on most occasions.LOLC to enter the giant Indian Market Icon_biggrin

Chula likes this post

avatar

Post Thu Aug 18, 2022 6:05 pm by Chula

Thanks for the Reply. Samaritan, hope it will be the case.
👍

samaritan likes this post

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum