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CIC Holdings PLC is a Sri Lankan conglomerate holding company engaged in merchandising and manufacturing chemical products.The company was incorporated in 1964 and listed on the Colombo Stock Exchange in the same year.
According to the International Monetary Fund, Sri Lanka's GDP in terms of purchasing power parity is second only to the Maldives in the South Asian region in terms of per capita income. As of 2010 [update] , the service sector makes up 60% of GDP, the industrial sector 28%, and the agriculture sector 12%. [ 1 ]
It is the largest after-sales centre in Asia with an area of 15,800 square feet (1,470 m 2). [6] DIMO had to reduce margins to absorb the sharp depreciation of the Sri Lankan Rupee in 2018. [ 7 ] In 2019, the company's conglomerate brand value was LKR7,730 million and ranked 15th amongst conglomerates in Sri Lanka. [ 8 ]
The single largest investment in the 140-plus year history of Hayleys (and the largest acquisition of a public listed company at the time) was the 10.8 billion rupee controlling stake of Singer Sri Lanka in 2017, [32] followed by the buying over of the five-star Ceylon Continental Hotel in Colombo, Sri Lanka (now known as The Kingsbury) in 2010.
Richard Piries Company is the market leader and the pioneer in the tyre Retread industry of Sri Lanka and commands a market share of nearly 60%. In addition to that, it has become the largest Retreader in the whole of South Asia which is a remarkable achievement for a Sri Lankan company.
LMD 100, dubbed as "Sri Lanka's Fortune 500", annually lists the leading 100 quoted companies in Sri Lanka. Only the top 10 companies are listed below. All revenue figures reported before the financial year ending 2024. [2] [3]
St. Anthony's Group (St. Anthony's) is a Sri Lankan conglomerate company headquartered in Colombo, Sri Lanka. St. St. Anthony's Group owns businesses across Sri Lanka engaged in hardware, textiles, cement, roofing, media, construction, hospitality, farms, manufacturing, retail, solar and hydropower.
The company was incorporated in 2000 as Capital Asia Markets Ltd, a subsidiary of Asia Capital Ltd. The company changed its name to Capital Alliance Limited two years later. In 2003, Capital Alliance obtained a primary dealer licence from the Central Bank of Sri Lanka. Following an initial public offering, the company was listed on the Colombo ...