ACS Capital - Market Updates
ACS Capital - Market Updates
February 25, 2025 at 01:42 AM
*ACS Capital Research* *News Alert 25.02.2025* *HNB Group records sustainable growth in 2024* Hatton National Bank PLC (HNB) said yesterday it has posted robust overall performance in the year 2024, demonstrating marked improvement on all fronts. Source:https://www.ft.lk/front-page/HNB-Group-records-sustainable-growth-in-2024/44-773457 *Nations Trust Bank ends 2024 with Rs. 17 b PAT* Nations Trust Bank PLC reported financial results for the twelve months ending 31 December 2024, achieving a profit-after-tax (PAT) of Rs. 17 billion, up 46% year-on-year (y-o-y). Source:https://www.themorning.lk/articles/HLqRrsJGy44DqZwG2b38 *Access Group gets nod for 9 MW solar PV venture* Access Logistics Park Ekala Ltd., has entered into a Power Purchase Agreement with the Ceylon Electricity Board under the Net Plus Plus scheme for a 9.08 MW solar Photovoltaic (PV) installation and operation for 20 years. Source:https://www.ft.lk/front-page/Access-Group-gets-nod-for-9-MW-solar-PV-venture/44-773456 *Sri Lanka on track for another record-breaking month in tourist arrivals* Sri Lanka is on track for another record-breaking month in tourist arrivals this February, with arrivals in the first 20 days surpassing 175,000. Source:https://www.dailymirror.lk/business-news/Sri-Lanka-on-track-for-another-record-breaking-month-in-tourist-arrivals/273-303104 *Digital payments up by 114% in 2024: PM* Sri Lanka made a total of Rs. 1.78 trillion in digital payments in 2024, up by 114% from the payments made in 2023, totalling to Rs. 828 billion, Prime Minister Harini Amarasuriya told Parliament yesterday (24). Source:https://www.themorning.lk/articles/XQWZyuwBPsmZWqIPlL2P *Ratnapura to get gem industrial colony: Minister* Industry and Entrepreneurship Development Minister Sunil Handunnetti states that the government is focusing on formulating a systematic programme to ensure the total income generated from the sale of each gemstone is included in the national income. Source:https://www.themorning.lk/articles/2arweAZzNxGZRHcbirYW

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