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

Latest topics

by Yahapalanaya Yesterday at 10:17 pm

» Financial Reports Q-3 2018
by ruwan326 Yesterday at 9:49 pm

by ruwan326 Yesterday at 9:45 pm

by ruwan326 Yesterday at 9:41 pm

» Dealing by directors
by ruwan326 Yesterday at 9:39 pm

» Daily Foreign Transactions
by ruwan326 Yesterday at 9:35 pm

by ruwan326 Yesterday at 8:59 pm

» #PM Crisis#
by ruwan326 Yesterday at 8:34 pm

» News Behind CTCE.N0000 Running?
by Agape Yesterday at 12:07 pm

» ##FUN TOONS###
by ruwan326 Yesterday at 10:35 am

» දුනාමි CSEC කැපිටල් එක 98% ජනශක්ති සමූහය මිලයට ගන්නෙත් BFN ගනුදෙනුව ස්තිරවම වෙන නිසා කියලයි තතු දත්තෝ කියන්නේ
by ruwan326 Yesterday at 9:22 am

» FOR all the BFN/CFVF/JINS Promoters
by ruwan326 Yesterday at 8:25 am

» HDFC is the luckiest bank!
by easthetic Yesterday at 7:47 am

by sanjulanka Yesterday at 6:49 am

by Agape Thu Dec 13, 2018 5:36 pm

» Asia Asset Finance announces Rs. 425 mn IPO
by Chillr_25 Thu Dec 13, 2018 2:48 pm

» SRI LANKA @ 2020
by ruwan326 Thu Dec 13, 2018 1:25 pm

by sheildskye Thu Dec 13, 2018 12:08 pm

by ruwan326 Thu Dec 13, 2018 11:03 am

» @RANFERDI, YAhapalan, In which list are you? Puravesi Lithro List, or Kiriella List or other list
by ruwan326 Thu Dec 13, 2018 10:27 am

» Keep eye on ASIY
by ruwan326 Thu Dec 13, 2018 10:23 am

» BFN ගනු දෙනුව වෙනවා ..
by Equity Suda Thu Dec 13, 2018 9:48 am

» BFN - JINS - UBC - අද මෙම කොටස් හුවමාරු වුනු ප්‍රමාණ සහ ආකාරය බලන්න
by ruwan326 Thu Dec 13, 2018 9:48 am

» Confidence is every part of trading.
by ruwan326 Wed Dec 12, 2018 9:34 pm

» අනං## මනං ##
by ruwan326 Wed Dec 12, 2018 8:46 pm

by ruwan326 Wed Dec 12, 2018 8:27 pm

» JINS - BFN DELAS 100% SURE මතකද . ජනශක්ති GENERAL සමාගම වික්ක හැටි - එක පාරටම
by sanjulanka Wed Dec 12, 2018 1:12 pm

» UAL artifically pushed up - beware!
by nosf766 Wed Dec 12, 2018 12:20 pm

» රැවටෙන්න එපා ..විකුන්නන එපා ..ණයට ගන්න එපා .BFN - JINS එකතු කරන්නා හෙට දිනනනවා
by sanjulanka Wed Dec 12, 2018 8:09 am

» NDB declared ‘Bank of the Year’ by The Banker, UK
by ruwan326 Tue Dec 11, 2018 8:41 am

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]

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


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)

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


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

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


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