
John Keells Stock Brokers
May 30, 2025 at 04:17 AM
*JKSB Opening Bell – News Snippets* 🔔
*30.05.2025*
*US court ruling could extend tariff pause for Sri Lanka*
“Sri Lanka may be part of a broader deal the US will have with other small trading partners on tariffs, while the 90-day pause by the Trump Administration may be extended with the court ruling, an analyst said.”
https://www.themorning.lk/articles/Hftv70bZEZsz465QsG5g
*Sri Lanka sells 2028 bonds at 8.85-pct, 2034 bonds 10.46-pct*
“Sri Lanka has sold 200 billion rupees in 2028, 2029 and 2034 bonds, data from the state debt office showed.”
https://economynext.com/sri-lanka-sells-2028-bonds-at-8-85-pct-2034-bonds-10-46-pct-223226/
*Sri Lanka coconut prices slide 2-pct as weekly auction resumes*
“Sri Lanka average coconut prices slid 2.1 percent on Wednesday after the weekly auction was postponed on May 22, an industry official said.”
https://economynext.com/sri-lanka-coconut-prices-slide-2-pct-as-weekly-auction-resumes-223241/
*People’s Bank achieves consolidated pre-tax profit of Rs. 17.7 b in 1Q*
“People’s Bank yesterday announced its results for the period ended 31 March 2025, reporting a total consolidated operating income of Rs. 45.1 billion and post-tax profit of Rs. 11 billion, reflecting a growth of 120.8% and 347.2%, respectively.”
https://www.ft.lk/front-page/People-s-Bank-achieves-consolidated-pre-tax-profit-of-Rs-17-7-b-in-1Q/44-777066
*Cargills reports strong FY25 performance; 22.5% increase in Profit After Tax*
“Cargills (Ceylon) PLC, one of Sri Lanka’s leading consumer companies, yesterday reported a strong financial performance for the financial year ending 31 March 2025, supported by volume-led growth across its key business segments—Retail, FMCG, and Restaurants.”
https://www.ft.lk/front-page/Cargills-reports-strong-FY25-performance--22-5--increase-in-Profit-After-Tax/44-777064
*NSB achieves robust growth in 1Q*
“The National Savings Bank (NSB) has begun the financial year 2025 on a resounding note, showcasing impressive profitability and operational resilience for the quarter ended 31 March 2025.”
https://www.ft.lk/front-page/NSB-achieves-robust-growth-in-1Q/44-777036