Announcement • May 12
Merchant Bank of Sri Lanka & Finance PLC, Annual General Meeting, Jun 12, 2026 Merchant Bank of Sri Lanka & Finance PLC, Annual General Meeting, Jun 12, 2026, at 10:00 Sri Lanka Standard Time. Location: at the grand maitland, maitland place, colombo 07 Sri Lanka Announcement • May 06
Aitken Spence Hotel Holdings PLC (COSE:AHUN.N0000) and Merchant Bank of Sri Lanka & Finance PLC (COSE:MBSL.N0000) proposed to acquire an additional remaining majority stake in Browns Beach Hotels PLC (COSE:BBH.N0000). Aitken Spence Hotel Holdings PLC (COSE:AHUN.N0000) and Merchant Bank of Sri Lanka & Finance PLC (COSE:MBSL.N0000) proposed to acquire an unknown additional remaining majority stake in Browns Beach Hotels PLC (COSE:BBH.N0000) on April 30, 2026. A cash consideration of LKR 30 will be paid by Aitken Spence Hotel Holdings PLC and Merchant Bank Sri Lanka & Finance PLC.
The transaction is subject to approval of offer by target shareholders. The deal has been approved by shareholders of Browns Beach Hotels PLC. The expected completion of the transaction is June 5, 2026. Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: LK₨0.28 (vs LK₨0.50 in FY 2024) Full year 2025 results: EPS: LK₨0.28 (down from LK₨0.50 in FY 2024). Revenue: LK₨3.64b (down 9.1% from FY 2024). Net income: LK₨148.5m (down 43% from FY 2024). Profit margin: 4.1% (down from 6.5% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to LK₨10.10, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 17x in the Diversified Financial industry in Asia. Total returns to shareholders of 173% over the past three years. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to LK₨14.40, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 17x in the Diversified Financial industry in Asia. Total returns to shareholders of 300% over the past three years. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to LK₨13.60, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 16x in the Diversified Financial industry in Asia. Total returns to shareholders of 300% over the past three years. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to LK₨12.70, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 16x in the Diversified Financial industry in Asia. Total returns to shareholders of 285% over the past three years. New Risk • Dec 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Sri Lankan stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Market cap is less than US$100m (LK₨5.61b market cap, or US$18.2m). Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: LK₨0.14 (vs LK₨0.27 loss in 3Q 2024) Third quarter 2025 results: EPS: LK₨0.14 (up from LK₨0.27 loss in 3Q 2024). Revenue: LK₨958.3m (up 60% from 3Q 2024). Net income: LK₨73.8m (up LK₨213.1m from 3Q 2024). Profit margin: 7.7% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Oct 19
Board Member recently sold LK₨197k worth of stock On the 15th of October, Ahmed Ismail sold around 12k shares on-market at roughly LK₨16.40 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Oct 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin). Market cap is less than US$100m (LK₨8.65b market cap, or US$28.6m). Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to LK₨10.30, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 18x in the Diversified Financial industry in Asia. Total returns to shareholders of 151% over the past three years. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to LK₨8.80, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 19x in the Diversified Financial industry in Asia. Total returns to shareholders of 138% over the past three years. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: LK₨0.19 (vs LK₨0.11 in 2Q 2024) Second quarter 2025 results: EPS: LK₨0.19 (up from LK₨0.11 in 2Q 2024). Revenue: LK₨1.09b (up 12% from 2Q 2024). Net income: LK₨100.0m (up 73% from 2Q 2024). Profit margin: 9.2% (up from 5.9% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to LK₨7.70, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 19x in the Diversified Financial industry in Asia. Total returns to shareholders of 148% over the past three years. Reported Earnings • May 17
First quarter 2025 earnings released: LK₨0.11 loss per share (vs LK₨0.09 profit in 1Q 2024) First quarter 2025 results: LK₨0.11 loss per share (down from LK₨0.09 profit in 1Q 2024). Revenue: LK₨729.3m (down 24% from 1Q 2024). Net loss: LK₨55.1m (down 211% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 10
Merchant Bank of Sri Lanka & Finance PLC, Annual General Meeting, Jun 06, 2025 Merchant Bank of Sri Lanka & Finance PLC, Annual General Meeting, Jun 06, 2025, at 10:00 Sri Lanka Standard Time. Location: the grand maitland, maitland place, colombo 07, Sri Lanka New Risk • May 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (LK₨3.30b market cap, or US$11.0m). Reported Earnings • Apr 03
Full year 2024 earnings released: EPS: LK₨0.50 (vs LK₨0.16 loss in FY 2023) Full year 2024 results: EPS: LK₨0.50 (up from LK₨0.16 loss in FY 2023). Revenue: LK₨4.01b (up 36% from FY 2023). Net income: LK₨260.3m (up LK₨342.4m from FY 2023). Profit margin: 6.5% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. New Risk • Mar 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: LK₨2.94b (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: LK₨0.50 (vs LK₨0.16 loss in FY 2023) Full year 2024 results: EPS: LK₨0.50 (up from LK₨0.16 loss in FY 2023). Revenue: LK₨4.05b (up 36% from FY 2023). Net income: LK₨260.1m (up LK₨342.2m from FY 2023). Profit margin: 6.4% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 15
Third quarter 2024 earnings released: LK₨0.27 loss per share (vs LK₨0.46 profit in 3Q 2023) Third quarter 2024 results: LK₨0.27 loss per share (down from LK₨0.46 profit in 3Q 2023). Revenue: LK₨599.7m (down 50% from 3Q 2023). Net loss: LK₨139.3m (down 158% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to LK₨5.50, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 18x in the Diversified Financial industry in Asia. Total loss to shareholders of 14% over the past three years. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: LK₨0.11 (vs LK₨0.18 loss in 2Q 2023) Second quarter 2024 results: EPS: LK₨0.11 (up from LK₨0.18 loss in 2Q 2023). Revenue: LK₨975.7m (up 67% from 2Q 2023). Net income: LK₨57.9m (up LK₨151.7m from 2Q 2023). Profit margin: 5.9% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: LK₨0.09 (vs LK₨0.33 loss in 1Q 2023) First quarter 2024 results: EPS: LK₨0.09 (up from LK₨0.33 loss in 1Q 2023). Revenue: LK₨962.8m (up 119% from 1Q 2023). Net income: LK₨49.8m (up LK₨222.7m from 1Q 2023). Profit margin: 5.2% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year. Announcement • May 03
Merchant Bank of Sri Lanka & Finance PLC, Annual General Meeting, May 31, 2024 Merchant Bank of Sri Lanka & Finance PLC, Annual General Meeting, May 31, 2024, at 10:00 Sri Lanka Standard Time. Location: Merchant Bank of Sri Lanka & Finance PLC, BOC Merchant Tower, No. 28, St. Michael's Road, Colombo 03 Sri Lanka New Risk • Mar 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Sri Lankan stocks, typically moving 7.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.1% average weekly change). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (LK₨2.62b market cap, or US$8.56m). Reported Earnings • Mar 01
Full year 2023 earnings released: LK₨0.12 loss per share (vs LK₨0.62 loss in FY 2022) Full year 2023 results: LK₨0.12 loss per share (improved from LK₨0.62 loss in FY 2022). Net loss: LK₨60.4m (loss narrowed 81% from FY 2022). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: LK₨0.46 (vs LK₨0.01 loss in 3Q 2022) Third quarter 2023 results: EPS: LK₨0.46 (up from LK₨0.01 loss in 3Q 2022). Net income: LK₨240.2m (up LK₨243.7m from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 16
Second quarter 2023 earnings released: LK₨0.18 loss per share (vs LK₨0.70 loss in 2Q 2022) Second quarter 2023 results: LK₨0.18 loss per share (improved from LK₨0.70 loss in 2Q 2022). Net loss: LK₨93.8m (loss narrowed 75% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Jun 02
Merchant Bank of Sri Lanka & Finance PLC, Annual General Meeting, May 31, 2023 Merchant Bank of Sri Lanka & Finance PLC, Annual General Meeting, May 31, 2023, at 10:00 Sri Lanka Standard Time. Reported Earnings • May 14
First quarter 2023 earnings released: LK₨0.33 loss per share (vs LK₨0.21 profit in 1Q 2022) First quarter 2023 results: LK₨0.33 loss per share (down from LK₨0.21 profit in 1Q 2022). Net loss: LK₨173.0m (down 255% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to LK₨3.60, the stock trades at a trailing P/E ratio of 59.9x. Average trailing P/E is 13x in the Diversified Financial industry in Asia. Total loss to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 18% share price gain to LK₨3.90, the stock trades at a trailing P/E ratio of 64.9x. Average trailing P/E is 14x in the Diversified Financial industry in Asia. Total loss to shareholders of 50% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: LK₨0.004 loss per share (vs LK₨0.35 profit in 3Q 2021) Third quarter 2022 results: LK₨0.004 loss per share (down from LK₨0.35 profit in 3Q 2021). Revenue: LK₨674.9m (up 4.9% from 3Q 2021). Net loss: LK₨3.54m (down 106% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non Executive Director Jayasinghege Don Varuna Jayasinghe was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: LK₨0.01 loss per share (vs LK₨0.35 profit in 3Q 2021) Third quarter 2022 results: LK₨0.01 loss per share (down from LK₨0.35 profit in 3Q 2021). Revenue: LK₨674.9m (up 4.9% from 3Q 2021). Net loss: LK₨3.54m (down 106% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 27% share price gain to LK₨4.70, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 14x in the Diversified Financial industry in Asia. Total loss to shareholders of 39% over the past three years. Reported Earnings • Aug 14
Second quarter 2022 earnings released: LK₨0.70 loss per share (vs LK₨0.67 loss in 2Q 2021) Second quarter 2022 results: LK₨0.70 loss per share (down from LK₨0.67 loss in 2Q 2021). Revenue: LK₨249.1m (down 46% from 2Q 2021). Net loss: LK₨369.0m (loss widened 231% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 17% share price gain to LK₨3.50, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 14x in the Diversified Financial industry in Asia. Total loss to shareholders of 59% over the past three years. Reported Earnings • May 14
First quarter 2022 earnings released: EPS: LK₨0.21 (vs LK₨1.72 in 1Q 2021) First quarter 2022 results: EPS: LK₨0.21 (down from LK₨1.72 in 1Q 2021). Revenue: LK₨785.0m (down 17% from 1Q 2021). Net income: LK₨111.6m (down 61% from 1Q 2021). Profit margin: 14% (down from 30% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Announcement • May 10
Merchant Bank of Sri Lanka & Finance PLC, Annual General Meeting, May 31, 2022 Merchant Bank of Sri Lanka & Finance PLC, Annual General Meeting, May 31, 2022, at 10:00 Sri Lanka Standard Time. Location: at BOC Merchant Tower, No.28 St. Michael's Road Colombo 03 Sri Lanka Agenda: To receive and consider the Annual Report of the Board of Directors and the Audited Financial Statements of the Company for the year ended 31 December 2021 together with the Report of the Auditors thereon; to re-elect as Director Prof. N S Punchihewa who retires by rotation in terms of Article 86 read with Article 87 of the Articles of Association of the Company; to elect as a Director Mr. J D V N Jayasinghe who was appointed to the Board since the last Annual General Meeting, under and in terms of Article 93 of the Articles of Association of the Company; to elect as a Director Mr. R M N Jeewantha who was appointed to the Board since the last Annual General Meeting; to elect as a Director Mr. H P K Silva who was appointed to the Board since the last Annual General Meeting, under and in terms of Article 93 of the Articles of Association of the Company; to consider the re-appoint the Auditor General as the auditor of the Company; and to transact other business. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non Executive Director Jayasinghege Don Varuna Jayasinghe was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment deteriorated over the past week After last week's 19% share price decline to LK₨5.00, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 15x in the Diversified Financial industry in Asia. Total loss to shareholders of 41% over the past three years. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: LK₨2.18 (up from LK₨4.71 loss in FY 2020). Revenue: LK₨3.45b (up 172% from FY 2020). Net income: LK₨565.3m (up LK₨1.35b from FY 2020). Profit margin: 16% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to LK₨7.00, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 16x in the Diversified Financial industry in Asia. Total loss to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 20% share price gain to LK₨8.50, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 17x in the Diversified Financial industry in Asia. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 20% share price gain to LK₨8.50, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 17x in the Diversified Financial industry in Asia. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 41% share price gain to LK₨8.20, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 16x in the Diversified Financial industry in Asia. Total returns to shareholders of 1.3% over the past three years. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS LK₨0.35 (vs LK₨1.98 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: LK₨643.1m (up 138% from 3Q 2020). Net income: LK₨59.4m (up LK₨387.6m from 3Q 2020). Profit margin: 9.2% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Sep 23
Merchant Bank of Sri Lanka & Finance PLC has completed a Follow-on Equity Offering in the amount of LKR 2.239306 billion. Merchant Bank of Sri Lanka & Finance PLC has completed a Follow-on Equity Offering in the amount of LKR 2.239306 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 373,217,717
Price\Range: LKR 6
Transaction Features: Rights Offering Reported Earnings • Aug 18
Second quarter 2021 earnings released: LK₨0.67 loss per share (vs LK₨2.08 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: LK₨458.9m (up 147% from 2Q 2020). Net loss: LK₨111.7m (loss narrowed 68% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 03
Full year 2020 earnings released: LK₨4.71 loss per share (vs LK₨2.09 loss in FY 2019) Full year 2020 results: Net loss: LK₨780.7m (loss widened 125% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 10
New 90-day low: LK₨6.70 The company is down 8.0% from its price of LK₨7.30 on 12 November 2020. The Sri Lankan market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is up 44% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: LK₨8.70 The company is up 19% from its price of LK₨7.30 on 08 October 2020. The Sri Lankan market is up 26% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Diversified Financial industry, which is up 13% over the same period. Announcement • Oct 05
Kanchana Ratwatte Joins as the Chairman of Merchant Bank of Sri Lanka The incumbent Bank of Ceylon (BOC) Chairman Kanchana Ratwatte has been appointed as the Chairman of Merchant Bank of Sri Lanka (MBSL) with effect form September 30, 2020. Ratwatte will function as a Non-Independent Non-Executive Chairman/Director of MBSL as BOC owns over 80% of MBSL's issued shares. Following Ratwatte's appointment, MBSL Non-Executive Director A.M. A Perera was appointed as 'Senior Director' with effect from September 30, 2020 since Ratwatte is not 'Independent'. 