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DFCC Bank signed a Memorandum of Understanding (MoU) with Sathosa Motors on 7th October 2016 at the DFCC Head office. The CEOs of the two institutions signed the MoU, which will facilitate the leasing of Isuzu branded vehicles for DFCC Bank’s customers. Sathosa Motors is the sole authorised agent in Sri Lanka for Isuzu Commercial vehicles, which is the No.1 Japanese brand for commercial vehicles in the world.
ICRA Lanka Limited, subsidiary of ICRA Ltd, a group company of Moody’s Investors Service, has reaffirmed the Issuer rating of [SL]A+ (pronounced S L A plus1) with stable outlook for Access Engineering PLC (“AEL”/ “the Company”). ICRA Lanka has also reaffirmed the Issue Rating of [SL]A+ for the company’s LKR 5,000 Mn Senior Unsecured Redeemable Debenture programme.
Sathosa Motors PLC (SML) announced the launch of a valuable new extended warranty offer for Isuzu vehicle owners in Sri Lanka.
July 28, 2016 (LBO) – Profits at Sri Lanka’s Access Engineering group fell 13 percent to 524 million rupees in the June 2016 quarter from a year earlier amid higher expenses, interim accounts showed.
July 22, 2016 (LBO) – Sri Lanka’s Access Engineering said group net profits grew 5.1 percent to 2.46 billion rupees in the year to March 2016, with the civil engineering firm facing a slow down in the global and local economy.