Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» Pakistan’s trade with Sri Lanka comes to a halt
by hammurabi Yesterday at 11:12 pm

» New Support Level 5300
by hammurabi Yesterday at 8:47 pm

» Market will test 4700
by hammurabi Yesterday at 8:13 pm

» EAST Steady at 18
by m2_yapa Yesterday at 7:18 pm

» LIOC upward curve
by hammurabi Yesterday at 7:14 pm

» UNION BANK (UBC) to be takeover by Union bank of india
by Lucky Gamage Yesterday at 6:26 pm

» SEC yet to publish its 2017 Annual Report
by Teller Yesterday at 5:10 pm

» Keep eye on Politics
by Teller Yesterday at 5:01 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Yesterday at 1:44 pm

» HNB Assurance March net down 83-pct
by Teller Yesterday at 1:18 pm

» PABC net down 13-pct in March; loans contract
by Teller Yesterday at 1:15 pm

» Indian stocks jumped to record highs
by Teller Yesterday at 1:13 pm

» modi wins-India to no1 in the world
by Teller Yesterday at 1:07 pm

» Hayleys revenue up 34% YoY to Rs 219 bn in FY 18/19
by Teller Yesterday at 1:02 pm

» undervalued stock
by Teller Yesterday at 1:00 pm

» CIND , 10% guaranteed return
by Teller Yesterday at 12:57 pm

» CSE from Dawn of Peace to Rebirth of Terrorism
by Sstar Yesterday at 12:09 pm

» INVITATION TO FORUM MODERATORS
by Agape Yesterday at 8:52 am

» Reputation???
by Uaecoindubai Wed May 22, 2019 7:12 pm

» Daily Stock Market Update
by Insights Equity Wed May 22, 2019 6:47 pm

» INVEST ON AAIC, HASU, UAL.... YOU WILL NEVER WORRY......
by wisdom79 Wed May 22, 2019 5:56 pm

» AIA INSURANCE DE-LISTING (CTCE)
by lokka1 Wed May 22, 2019 12:55 pm

» Sri Lanka’s Top 10 Imports
by Gajaya Wed May 22, 2019 11:16 am

» Top 10 Small Scale Business ideas & Opportunities in Sri Lanka 2019
by Gajaya Wed May 22, 2019 11:15 am

» when bank lending rates put down ?
by nuwanmja Wed May 22, 2019 11:01 am

» Sri Lanka’s largest pension fund EPF return to Colombo Stocks
by wisdom79 Tue May 21, 2019 10:46 pm

» Sri Lanka's EPF enters stock market with blood in the streets
by God Father Tue May 21, 2019 8:21 pm

» Sri Lanka caught in the big power conflicts
by God Father Tue May 21, 2019 8:16 pm

» High Profile Selling at EAST
by Uaecoindubai Tue May 21, 2019 4:43 pm

» A Trader’s Guide to FIX Engine
by Brenda John Tue May 21, 2019 11:24 am

» Reasons for market to crash
by Uaecoindubai Tue May 21, 2019 10:08 am

» ගෙවුම් ශේෂය, වාහන බලපත් හා ඩොලරයේ මිල
by ChooBoy Mon May 20, 2019 5:59 pm

» Terrorism and its Impact on the Sri Lankan Economy
by ChooBoy Mon May 20, 2019 5:41 pm

» Sri Lanka Equity Market Place
by Sstar Mon May 20, 2019 4:36 pm

» Sri Lanka Equity Market Talk
by Sstar Mon May 20, 2019 12:23 pm

» Sri Lanka Equity Market Help
by Sstar Mon May 20, 2019 12:18 pm

» LOFC IN FOR A BIG RUN
by stockback Sun May 19, 2019 5:20 pm

» Look PAP Amazing company
by Uaecoindubai Sun May 19, 2019 5:13 pm

» Sri Lanka Equity Market Place
by Uaecoindubai Sun May 19, 2019 5:13 pm

» CSE NOW AND AFTER ELECTION
by Ahcha Sun May 19, 2019 4:40 pm

» Do not be greedy, rely on small profits Guide to the markets
by Asoka Samarakone Sun May 19, 2019 12:11 pm

» 6 % of EPF funds in stock market
by hammurabi Sat May 18, 2019 3:47 pm

» Weekly Stock Market Roundup
by Insights Equity Sat May 18, 2019 12:54 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Softlogic IPO in March

Softlogic IPO in March

Go down  Message [Page 1 of 1]

1Softlogic IPO in March Empty Softlogic IPO in March on Tue Feb 01, 2011 6:16 am

madu1977


Equity Analytic
Equity Analytic
The banking sector in Sri Lanka needs to consolidate to support the rapid economic development in the country, Softlogic Holdings Chairman and Managing Director Ashok Pathirage told Daily News Business.

Ashok Pathirage
“The country has a high number of small banks and they are unable to provide massive development loans. The banks need to consolidate to support growth and the development process of the country,” he said.

“The corporate sector needs to undertake projects and support the country’s socio economic development. It is important that top banks merge to provide these funding facilities within the country,” Pathirage said.

“We could manage with three to four solid banks considering the country’s size and population. The banking industry has the necessary regulatory framework to move forward. However, merges within the industry will facilitate the huge capital requirement to carry out the development projects,” he said.

The Softlogic Finance company will focus on high performance in keeping with its brand name and reputation. It has a strategic plan in place to achieve Rs 500 million profitability within the next three years.

“This is the level that we are planning to reach in the next few years. We will expand our branch network to widen the reach and will also introduce more finance products to increase our customer base,” Pathirage said.

Softlogic Holdings will go for an IPO in March to raise funds to further build the company.
Sanjeevi Jayasuriya



Last edited by Quibit on Tue Feb 01, 2011 8:35 am; edited 2 times in total (Reason for editing : format condensed)

2Softlogic IPO in March Empty Re: Softlogic IPO in March on Tue Feb 01, 2011 8:58 am

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
hmm, this is going to be right in the middle of the credit clearing.

3Softlogic IPO in March Empty Re: Softlogic IPO in March on Tue Feb 01, 2011 12:00 pm

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Softlogic Holdings reported a FY Mar/2010 profit of Rs155 mn as per its draft accounts, and an audited FY Mar/2009 profit of Rs69 mn - this information was in last month's Asiri mandatory offer document submitted by Softlogic.

A lot has changed since then though, with Softlogic increasing its presence in health care and electronics retailing, and also entering financial services. The Panasonic and Samsung agencies will have benefited from recent duty cuts, although the Nokia phone business faces very intense competition now.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum