News Highlights

The Hayleys Group and Vallibel Group, owned by renowned Sri Lankan business magnate Dhammika Perera, have clinched the most number of awards at the latest annual reportcompetition, reinforcing their commitment to and excellence in good governance.

Vallibel One ranks at number ten in the Business Today TOP 30, 2017-2018, thus rising eight positions from the previous year. Moving from strength to strength, Vallibel One delivered exceptional performance with PAT at 6.78 billion rupees with the Group's finance sector posting strong earnings.

LB Finance PLC, Sri Lanka’s leading non-banking financial service provider, showcased a resounding growth for the first six months of the year as at end-September 2018, with Operating Profit Before Tax on financial services recording a 31.7% increase to 4.5 billion, from Rs 3.4 billion for the same period last year.

Business tycoon and Vallibel One Chairman Dhammika Perera yesterday expressed confidence that the 5% population living in the city of Colombo will surpass $12,650 per capita income within the next three years, falling into the brackets of a ‘developed city.’

Vallibel One PLC (Vallibel One) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) yesterday, as part of a ceremony organised to mark the company’s inclusion in the S&P SL 20 Index. The S&P SL 20 Index includes the 20 largest companies, by total market capitalisation, listed on the CSE that meet minimum size, liquidity and financial viability thresholds.

The government may need to re-evaluate the effectiveness of the recently introduced targeted capital allowances under the new Inland Revenue Act that replaced the tax holidays to attract both local and foreign investments, Vallibel One PLC Chairman and business tycoon Dhammika Perera said.

LB Finance has accomplished a stellar performance for the year ended 31 March 2018 with a profit before tax of a record Rs. 7.8 billion.

Establishing a spectacular partnership in the world of stylish interiors, Rocell, Sri Lanka’s interior design connoisseur, ties up with ‘Franke’ – the world’s leading brand of kitchen sinks, bringing a new standard of beauty and inspiration to Sri Lankan kitchens.

LB Finance, Sri Lanka’s trail-blazer in innovative financial services recently opened two new branch in No. 534, Galle Road, Wadduwa and No. 358/D, Mathugama Road, Darga Town...

On its phenomenal journey of continuously maintaining the highest standards of beauty, quality and excellence, Rocell was recently bestowed with a remarkable honour by being named one of the Top 20 Best Sri Lankan Brands for 2017, at the inaugural Interbrand Best Sri Lankan Brands awards ceremony.

L B Finance, a leading financial services brand in Sri Lanka was listed among the top 20 brands at Interbrand’s Best Sri Lankan brands.

Vallibel One is at number 18 of the Business Today TOP 30, 2016-2017. Group revenue increased to 52.9 billion rupees and assets increased by 16 per cent to reach 175.6 billion rupees. However, PAT declined to 4.3 billion rupees from the previous year. The Group was driven by the strong performance of subsidiary companies.

LB Finance PLC recorded strong performance over the three months ended 30 June (Q1) 2017/18, closing the quarter with a pre tax profit of Rs 1.7 billion due to strong performance experienced in key revenue generating operations. As a result, Total Comprehensive Income for the period was up by 4% year on year (YoY) with a figure of Rs. 957.2 million...

LB Finance accomplished a stellar performance overall for the year ended March 31, 2017. Total assets crossed the Rs. 100 billion milestone to reach Rs. 102.8 billion as at March 31, 2017, a growth of 21.6 percent over the previous year...

Rocell (Royal Ceramics Lanka), the largest ceramic tile manufacturer in Sri Lanka, has embarked on a project to modernise the pressing department at the Royal Porcelain (RPL) factory in Horana, which will begin the production of large-format glazed porcelain tiles...

Former Managing Director of Sampath Bank, Aravinda Perera, has reportedly been appointed as the new Managing Director of Royal Ceramics Lanka Plc...

One of the oldest financial institutions, L.B. Finance has launched another customer friendly innovative venture 'L.B. Gifts Store’ with the objective of providing a wide range of household goods to its fixed deposit and savings account holders...

Vallibel One moves up in the Business Today TOP 30 to number 11. Focusing on ‘wealth creation for value creation', Vallibel One continues to make strategic decisions to enable growth and innovation...

Rocell, the Sri Lankan tile and bathware manufacturer renowned for its quest for elegance and luxury living, opened its Flagship Store in Australia on Thursday, 11th of August. The new 1000 square meter store designed by Italian designer, Simone Cagnazzo, is located on Whitehorse...

Royal Ceramics Lanka PLC, the Sri Lankan award winning tile and bathware manufacturer, renowned for its quest for elegance and luxury living, signed an agreement with Pakistan's leading premium brands retailer SFnZ & Co. Ltd to expand into the Pakistani market...

The leisure investment arm of Vallibel One, Greener Water limited is to continue with its project to construct a 400-roomed luxury five star resort in Negombo in its 18 acres of freehold land.

Vallibel One plc., the Dhammika Perera holding company with strategic investments in financial services, tile and sanitary ware manufacturing and leisure has grown into a highly diversified conglomerate, the company’s recently released annual report said.

Finance giant LB Finance PLC opened its newest branch of their mounting network in Valachchenai On 7th of April 2015, offering an exciting range of financial products for its community.