HNB Group profit tops Rs 4.5 bn
Skillful management of margins:
Hatton National Bank Group posted a pre tax
profit of Rs 6.17 bn and post tax profit Rs 4.55 bn, an impressive
improvement of 37.5 percent and 57.8 percent respectively, over
2008. Hatton National Bank PLC (HNB) Managing Director/ CEO Rajendra
Theagarajah said the solid contribution from the core banking
activities, significant reduction of the Non Performing Advances (NPA)
and commendable returns from the subsidiaries are the key success
factors.
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SLT Group records profits despite adverse market
Sri Lanka Telecom (SLT) announced its Company
and Group financial achievements during the fourth quarter and the
whole 2009 financial year. The Group comprises of SLT and seven
subsidiaries. “As common to all the Corporates, year 2009 was a
challenging one to the SLT group as well.
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Sierra Global ventures into managed services
Sierra Global Network will venture into managed
services of telecommunication, Director/CEO, Sierra Global Network,
Dr. Arosha Fernando told Daily News Business. He said that this will
result in cost reduction of many telecom operators as well as
vendors. “Managed services will ease their burden on maintenance,”
he said.
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