*ACS Capital Research* *News Alert 02.06.2025* *CSE enjoys merry May as best after lapse of eight months* The Colombo stock market in May achieved its best-ever performance in eight months thanks to a rebound in bullish investor sentiments. Source:https://www.ft.lk/front-page/CSE-enjoys-merry-May-as-best-after-lapse-of-eight-months/44-777196 *Current account surplus tops $ 1 b in 4 months* Sri Lanka’s current account surplus surpassed $ 1 billion in the first four months of the year as remittances grew by over 18% by the end of April, Central Bank data showed. Source:https://www.themorning.lk/articles/Jz2KniCfliopGnIkmPo5 *CCPI in May 2025 indicates continued easing of deflationary conditions* The easing of deflationary conditions continued in May 2025, in line with the Central Bank of Sri Lanka’s (CBSL) near-term projections. Source:https://www.ft.lk/front-page/CCPI-in-May-2025-indicates-continued-easing-of-deflationary-conditions/44-777193 *Govt. ready for Starlink* Sri Lanka has completed all necessary processes to operationalise the launch of satellite internet service provider, Starlink, once dashboards from the company are received, a statement published by the Ministry of Digital Economy has said on its official Meta page on Saturday (31). Source:https://www.themorning.lk/articles/3KP37rmUrqb2CwH1Nqrq *Sunshine Holdings delivers steady FY25 results with 7% top-line growth* Diversified Sri Lankan conglomerate Sunshine Holdings PLC has recorded resilient revenue growth during the year ended 31 March 2025 (FY25), amidst macroeconomic headwinds and evolving consumer dynamics. Source:https://www.ft.lk/business/Sunshine-Holdings-delivers-steady-FY25-results-with-7-top-line-growth/34-777191 *Aitken Spence reports healthy financial results* Aitken Spence PLC, a leading conglomerate with a diverse regional presence, has recorded a strong EBITDA of Rs. 25.4 billion, reflecting resilient growth for the 12 months ended 31 March 2025 (FY25). The EBITDA represents the earnings of the Group before interest cost, tax, depreciation, and amortisation and includes the share of profits from equity-accounted investees. Source:https://www.ft.lk/front-page/Aitken-Spence-reports-healthy-financial-results/44-777197 *PickMe delivers Rs. 1.17 b net profit in first full year post-IPO* PickMe, Sri Lanka’s homegrown technology platform facilitating ride-hailing and delivery, has reported a standout year of performance, recording a Profit After Tax (PAT) of Rs. 1.17 billion for the financial year ending 31 March 2025. Source:https://www.ft.lk/front-page/PickMe-delivers-Rs-1-17-b-net-profit-in-first-full-year-post-IPO/44-777194 *New projects drive WindForce profit up 29% in FY25* Sri Lanka’s WindForce PLC reported a 29 percent increase in net profit to Rs. 2.25 billion at the end of the fiscal year 2024/25, helped by new capacity additions and strong performance across its renewable energy segments. Source:https://www.dailymirror.lk/business-news/New-projects-drive-WindForce-profit-up-29-in-FY25/273-310383