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TEA INDUSTRY'S TOP GLOBAL PRODUCER CALLS FOR CAUTION ON OVER-PRODUCTION
Browns Group has firmly established itself in the global tea industry, emerging as the largest producer of tea worldwide. Through bold strategies, international expansion and forward-thinking management, the group continues to thrive in a traditionally volatile sector. Today, Browns Plantations produces approximately 100 million kg of tea annually with around 17 million kg in Sri Lanka and 85 million kg overseas across Kenya, Tanzania, Rwanda, a...
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LOLC GROUP REPORTS RS. 41 BILLION PROFIT AND SURPASSES RS. 2 TRILLION IN TOTAL ASSETS, DRIVEN BY GLOBAL GROWTH MOMENTUM
LOLC Group has reported a profit after tax of Rs. 41 billion for the financial year 2024/25, reflecting an 89% increase over the previous year, supported by an operating profit of Rs. 48 billion. The robust performance was fueled by steady expansion in financial services, a series of strategic international acquisitions, and improving economic conditions in Sri Lanka. Now operating in over 25 countries, LOLC continues to solidify its status as S...
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LOLC FINANCE DELIVERS ITS HIGHEST PAT OF RS. 25 BILLION
• Loan portfolio surpassed Rs. 305 billion. • Deposit base exceeded Rs. 225 billion. • Net NPL stood at 4.97% LOLC Finance PLC set a new benchmark in the NBFI sector by reporting an outstanding Profit After Tax (PAT) of Rs. 25 billion for the financial year ending 31st March 2025. This marks an impressive increase from Rs. 21.5 billion recorded during the previous financial year, delivering double-digit profit growth. Surpassing a historic mi...
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LOLC General Insurance Joins Hands with Cyril Dharmawardana Foundation to Support Cancer Patients in Sri Lanka
LOLC General Insurance has partnered with the Cyril Dharmawardana Foundation (CDF Charity) to extend vital support to cancer patients in Sri Lanka. As part of this initiative, LOLC General Insurance will provide complimentary motor insurance coverage for the ambulance fleet operated by CDF Charity, ensuring that terminally ill patients are safely and freely transported between hospitals and their homes. Cyril Dharmawardana Foundation (CDF Charit...
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LOLC FINANCE BECOMES THE FIRST NBFI IN BADALKUMBURA, AND RELOCATES IN HAKMANA
LOLC Finance has further strengthened its footprint with the opening of a new branch in Badalkumbura and the relocation of its Hakmana branch, expanding its network to over 200 branches across the country. This expansion highlights the company’s commitment to making financial services more accessible, particularly in regions with low financial literacy, limited access to formal financial institutions, and a need for structured financial guidance...
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VERDANT CAPITAL DOUBLES DOWN: $13.5M NOW POWERING LOLC AFRICA’S MSME EXPANSION
Verdant Capital invests $4.5M more in LOLC Africa, expanding MSME lending across 10 countries and deepening financial inclusion efforts continent-wide. Verdant Capital has announced that its Verdant Capital Hybrid Fund (the “Fund”) has completed an additional investment of USD 4.5 million in LOLC Africa Singapore Limited (“LOLC Africa”). This investment brings the total investment in LOLC Africa to USD 13.5 million. This follows the initial...
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LOLC Technologies Unveils OASYS^ to Revolutionize Business Process Automation
Setting a new benchmark in business process orchestration and automation, LOLC Technologies, a fully owned subsidiary of the LOLC Group, recently launched its revolutionary solution OASYS^ to its partner network through Sanfer Technologies. The launch was marked by a special event themed ‘Redefining Orchestration and Automation,’ attended by business leaders and technology experts. OASYS^ is available through Sanfer Technologies, a fully owned s...
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