The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» අනං මනං! #/+?.<>
Chemanex EmptyYesterday at 8:18 pm by ruwan326

» Dividend Announcement
Chemanex EmptyYesterday at 6:04 pm by Ethical Trader

» Browns Investments update
Chemanex EmptyYesterday at 1:46 pm by The Invisible

» What Would You Do?
Chemanex EmptyMon Aug 19, 2019 1:02 pm by කිත්සිරි ද සිල්වා

» Back of the Legends
Chemanex EmptyMon Aug 19, 2019 10:13 am by Topcat

» Thread for News on Local and Foreign Politics
Chemanex EmptyMon Aug 19, 2019 6:32 am by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
Chemanex EmptySun Aug 18, 2019 10:33 pm by lanka

» Melstacorp (MELS)
Chemanex EmptySun Aug 18, 2019 8:33 pm by The Invisible

» Cargills (CARG)
Chemanex EmptySun Aug 18, 2019 8:26 pm by The Invisible

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Chemanex EmptySun Aug 18, 2019 8:18 pm by The Invisible

» SHL.N0000 (Softlogic Holdings PLC)
Chemanex EmptySun Aug 18, 2019 8:14 pm by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
Chemanex EmptySat Aug 17, 2019 12:44 pm by nuwanmja

» Hayleys MGT
Chemanex EmptyFri Aug 16, 2019 8:55 pm by ruwan326

» CFVF - First Capital
Chemanex EmptyFri Aug 16, 2019 9:58 am by CK

» JINS.N0000 ( Janashakthi Insurance PLC)
Chemanex EmptyWed Aug 14, 2019 4:57 pm by The Invisible

» Thread for News on CSE and SL Economy
Chemanex EmptyWed Aug 14, 2019 9:22 am by The Invisible

» Ceylinco Insurance CINS
Chemanex EmptyWed Aug 14, 2019 9:18 am by The Invisible

» HNB.N0000 ( Hatton National Bank PLC)
Chemanex EmptyWed Aug 14, 2019 9:15 am by The Invisible

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Chemanex EmptyWed Aug 14, 2019 9:11 am by The Invisible

» Tourism Sector
Chemanex EmptyWed Aug 14, 2019 4:55 am by NIRMALSG

» LIOC.N0000 (Lanka IOC PLC)
Chemanex EmptyMon Aug 12, 2019 2:55 pm by xmart

» HAYL.N0000 Hayleys PLC
Chemanex EmptyMon Aug 12, 2019 1:43 pm by CK

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Chemanex EmptyMon Aug 12, 2019 1:33 pm by The Invisible

» Grain Elevators
Chemanex EmptyMon Aug 12, 2019 1:31 pm by The Invisible

» Sri Lanka sets US$3.5bn tea export target for 2030
Chemanex EmptyMon Aug 12, 2019 1:27 pm by The Invisible

» Tea: July 2019 national average shows gains month on month
Chemanex EmptySun Aug 11, 2019 9:19 pm by Topcat

» OSEA .N
Chemanex EmptySat Aug 10, 2019 6:40 pm by The Invisible

» Sri Lanka mulls reforms to punish 'errant' plantation companies
Chemanex EmptySat Aug 10, 2019 6:33 pm by The Invisible

» JKH.N0000
Chemanex EmptySat Aug 10, 2019 11:38 am by The Invisible

» HHL.N0000 ( Hemas Holdings PLC)
Chemanex EmptySat Aug 10, 2019 10:42 am by The Invisible

» Nestle NEST
Chemanex EmptySat Aug 10, 2019 10:28 am by The Invisible

» Ceylon Tobacco CTC
Chemanex EmptySat Aug 10, 2019 10:26 am by The Invisible

» Volkswagen කතාවේ ඇත්ත තත්ත්වය මෙහෙමයි.
Chemanex EmptyFri Aug 09, 2019 5:37 pm by කිත්සිරි ද සිල්වා

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Chemanex EmptyFri Aug 09, 2019 5:07 pm by Ethical Trader

» VFIN - where the journey leads it?
Chemanex EmptyFri Aug 09, 2019 9:21 am by ruwan326

» UAL.N0000 ( UNION ASSURANCE PLC )
Chemanex EmptyFri Aug 09, 2019 9:20 am by ruwan326

» SPEN.N0000
Chemanex EmptyThu Aug 08, 2019 10:20 pm by The Invisible

» Lanka Tiles
Chemanex EmptyThu Aug 08, 2019 10:15 pm by The Invisible

» Expolanka
Chemanex EmptyThu Aug 08, 2019 8:28 pm by ruwan326

» Tile - Snapshot
Chemanex EmptyThu Aug 08, 2019 11:37 am by mymoney

» DPL.N0000 (Dankotuwa Porcelain PLC)
Chemanex EmptyThu Aug 08, 2019 11:31 am by mymoney

» නිරුවත
Chemanex EmptyThu Aug 08, 2019 9:36 am by කිත්සිරි ද සිල්වා

» HAYC - Haycarb
Chemanex EmptyThu Aug 08, 2019 7:32 am by Beta

» WATA - Watawala
Chemanex EmptyWed Aug 07, 2019 12:03 pm by lanka

» Chemanex
Chemanex EmptyWed Aug 07, 2019 6:40 am by The Invisible

» East West properties
Chemanex EmptyTue Aug 06, 2019 8:17 am by slstock

» CSE Market Wrap - 02.08.2019
Chemanex EmptyTue Aug 06, 2019 6:59 am by pjrngroup

» Kandy Hotels
Chemanex EmptyTue Aug 06, 2019 6:55 am by pjrngroup

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
Chemanex EmptyMon Aug 05, 2019 10:07 pm by The Invisible

» 1000 Post Club | Celebration of a Great Milestone
Chemanex EmptyMon Aug 05, 2019 6:25 pm by pathfinder

August 2019
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
25262728293031

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Chemanex

Go down

Chemanex Empty Chemanex

Post by The Invisible on Wed Aug 07, 2019 6:40 am

Chemanex sells Commercial Insurance Brokers for Rs.250mn

ECONOMYNEXT- Chemicals manufacturer Chemanex Plc said that it has completed the sale of Commercial Insurance Brokers (Pvt) Ltd to Commercial Bank of Ceylon Plc for 250 million rupees.



The sale will add 157 million rupees to the group level profits of Chemanex, the firm said in a stock exchange filing on Monday evening.



After the sale, the Chemanex share was trading 5.90 rupees up at 63.90 rupees on Tuesday afternoon.



On Monday, the chemical maker had also said that its profits for the June quarter fell 75 percent from a year earlier to 14.3 million rupees, amid falling sales.



Chemanex had owned 239,999 shares in Commercial Insurance Brokers, signifying a 40 percent shareholding. The entire stake was sold.



Commercial Bank had owned 18.48 percent of the insurance brokerage's shares according to the bank's annual report for 2018.



The bank had been managing Commercial Insurance Brokers.



Chemanex, a subsidiary of CIC Holdings Plc, produces inks, packaging material and chemicals for both industrial and consumer use. (Colombo/Aug06/2019)
The Invisible
The Invisible

Posts : 1168
Join date : 2016-11-28
Age : 39

Back to top Go down

Back to top


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