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News Highlights

Rocell unveils first live shower regional experience

February 2024

Royal Ceramics Lanka PLC (Rocell) has collaborated with Hansgrohe & AXOR, the world-renowned German brands, synonymous with premium showers, and bathroom accessories. By solidifying its design leadership through this groundbreaking partnership, Rocell brings the pinnacle of bathing experiences to the discerning customers of Sri Lanka.

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Rocell unveils new Concept Centre in Wattala

September 2023

Rocell, the expert of design and the market leader in premium surface coverings and bathware in Sri Lanka, proudly announces the much-anticipated opening of its state-of-the-art Concept Centre in Wattala. This exceptional addition, the 74th store within Sri Lanka, promises to redefine the retail landscape by continuously helping Sri Lankans create beautiful living spaces.

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Vallibel One PLC signed MOU with NSBM to foster industry Partnership Programme of NSBM for Career and Entrepreneurship (NFORCE)

August 2023

Vallibel One PLC is proud to announce its inaugural collaboration with a university by joining hands with NSBM Green University, to amplify the value of the academic curriculum, foster personal growth, and provide invaluable mentorship to the budding talents within NSBM's student community.

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Managing Director, Dinusha Bhaskaran Wins Top50 Professional & Career Women Global Awards

March 2023

Managing Director, Ms.Dinusha Bhaskaran had been awarded the ‘Corporate Leader of the year’ at the “Top50 Professional & Career Women Global Awards – Thirteenth Edition” 2023 held at Shangri-la hotel on 17th June 2023.

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LB finance secures two awards at Digital Excellence Awards 2022

March 2023

LB Finance PLC secures two prestigious awards at the Digital Excellence Awards Ceremony 2022, depicting its broad vision to adapt to digital transformation.

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Ms. Donna Brindhiini Perera was appointed to the Board of Vallibel One PLC

October 2022

Ms Brindhiini Perera holds a Masters in Mechanical Engineering from the prestigious Imperial College, London, covering manufacturing technology and management, entrepreneurship, corporate finance, statistics and mathematics.

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The Fortress Resort and Spa ranked among Top 20 Most Romantic Hotels in Asia

July 2022

The Fortress Resort and Spa is an award-winning luxury resort in Koggala, Sri Lanka. Offering a collection of luxury touches, the resort was voted one of the Top 20 Most Romantic Hotels in Asia by TripAdvisor and as well as being one of the TripAdvisor Travellers’ choice Best of the Best award category in 2022.

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LB Finance buys 65% stake of Multi Finance for Rs. 400 m from Fairway

March 2022

It bought 41.11 million shares or 64.62% stake with 28.78 million shares at Rs. 9.70 each and 12.32 million shares at Rs. 9.80 each. The loss making Multi Finance’s net asset value per share is Rs. 7.12.

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Lanka Walltiles Group recognised as a Great Place to Work.

February 2022

This prestigious recognition was cemented at the annual Great Place to Work Conference held in November, 2021, at the Hilton Colombo. Lanka Walltiles Group received certification as a Great Place to Work for all four companies within the Group, which are Lanka Walltiles PLC, Lanka Tiles PLC, Swisstek Ceylon PLC and Swisstek Aluminum Ltd.

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LB Finance bags yet another prestigious award at NBQSA

February 2022

At the recently concluded NBQSA – The National ICT Awards 2021, LB Finance PLC won the Silver Award in the ‘In-House’ category for their ECLIPSE Credit Appraisal System.

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LB Finance strikes Gold as Overall Winner at ‘CMA Excellence in Integrated Reporting Awards 2021’

January 2022

Organised by the institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka) and held at the Hotel Taj Samudra on 11 January, LB Finance beat many reputable corporate companies for the evening’s top honours, winning five awards including the Overall Winner – Gold Award.

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Our Group Companies shine at CA Sri Lanka’s 56th Annual Report Awards

December 2021

LB Finance PLC
1. Overall Excellence in Annual Financial Reporting Award - Bronze Award
2. Special Recognition Award for Most Transformative and Digitalised Annual Report - Gold Award
3. Finance Companies & Leasing Companies' Sector (Total Asset Above LKR 20 BN) - Gold Award
4. Corporate Social Responsibility Reporting Award - Gold Award
5. Corporate Governance Disclosure Award- Silver Award
6. Integrated Reporting: Best Disclosure on Capital Management - Silver Award
7. Management Commentary Award - Bronze Award

Royal Ceramics Lanka PLC
1. Manufacturing Companies' Sector (Turnover Above LKR 5 BN) - Gold Award

Lanka Walltiles PLC
1. Manufacturing Companies' Sector (Turnover Above LKR 5 BN) - Silver Award

Horana Plantations PLC
1. Plantations Companies' Sector - Bronze Award

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Having garnered 5th place in 2020-2021 , Vallibel One PLC adjudged within Business Today- Top 40 for 10 consecutive years.

December 2021

Market dominance and brilliantly executed strategy

Having garnered 5th place, Vallibel One, in what marked an extraordinary year, stood well-poised to excel as a young, dynamic, and diversified conglomerate.

Valiantly led by its Chairman, the inspirational and highly respected business leader and magnate, Dhammika Perera, Vallibel One’s business...

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Group has managed to re-energize across all companies to post impressive growth in revenue. Under Vallibel One:

December 2021

Royal Ceramics Lanka PLC, LB Finance PLC and Lanka Walltiles PLC recognized in the Business Today TOP 40- 2020/2021 list of winners.

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CA SRI LANKA ANNUAL REPORT AWARDS 2019

December 2019

Vallibel One PLC was awarded the Bronze award in the Diversified Holding (Group above 10 Subsidiaries) sector at the 55th Annual Report Award Ceremony,

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LB Finance introduces revolutionary CIM mobile wallet

December 2019

LB Finance, the country’s leading non-banking financier, recently launched its mobile wallet, LB Cash-In-Mobile (CIM), with the aim of revolutionising the traditional cash payment habit among the Sri Lankans.

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LB Finance leading in NBFI sector with Rs. 9.8 b operating profit

March 2019

LB Finance PLC, the undisputed leader in the non-banking sector, recorded a whopping Rs. 9.8 billion Operating Profit before Tax on Financial Services for the year ending March, showing a substantial 25% increase from last year...

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LB Finance wins SLIM Nielsen Peoples Award for Financial Service Provider of the Year

March 2019

LB Finance PLC, a brand name synonymous with convenience, superior and friendly service, has won the Peoples award for Financial Service Provider of the Year awarded at the SLIM Nielsen Peoples Awards 2019...

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Dhammika Perera firms sweep CA Sri Lanka’s 54th Annual Report Awards

December 2018

The Hayleys Group and Vallibel Group, owned by renowned Sri Lankan business magnate Dhammika Perera, have clinched the most number of awards at the latest annual reportcompetition, reinforcing their commitment to and excellence in good governance.

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Vallibel One ranks at number 10 of the Business Today TOP 30

November 2018

Vallibel One ranks at number ten in the Business Today TOP 30, 2017-2018, thus rising eight positions from the previous year. Moving from strength to strength, Vallibel One delivered exceptional performance with PAT at 6.78 billion rupees with the Group's finance sector posting strong earnings.

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LB Finance records Rs 4.5 billion profit before tax in 1H 2018

November 2018

LB Finance PLC, Sri Lanka’s leading non-banking financial service provider, showcased a resounding growth for the first six months of the year as at end-September 2018, with Operating Profit Before Tax on financial services recording a 31.7% increase to 4.5 billion, from Rs 3.4 billion for the same period last year.

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Dhammika predicts Colombo will be developed by 2021

July 2018

Business tycoon and Vallibel One Chairman Dhammika Perera yesterday expressed confidence that the 5% population living in the city of Colombo will surpass $12,650 per capita income within the next three years, falling into the brackets of a ‘developed city.’

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Vallibel One opens trading at CSE to mark S&P SL 20 inclusion

July 2018

Vallibel One PLC (Vallibel One) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) yesterday, as part of a ceremony organised to mark the company’s inclusion in the S&P SL 20 Index. The S&P SL 20 Index includes the 20 largest companies, by total market capitalisation, listed on the CSE that meet minimum size, liquidity and financial viability thresholds.

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Dhammika proposes govt. to re-evaluate investment policies

July 2018

The government may need to re-evaluate the effectiveness of the recently introduced targeted capital allowances under the new Inland Revenue Act that replaced the tax holidays to attract both local and foreign investments, Vallibel One PLC Chairman and business tycoon Dhammika Perera said.

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LB Finance records Rs. 7.8 b PBT in FY18

June 2018

LB Finance has accomplished a stellar performance for the year ended 31 March 2018 with a profit before tax of a record Rs. 7.8 billion.

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Rocell introduces ‘Franke’: World’s kitchen sink specialist

June 2018

Establishing a spectacular partnership in the world of stylish interiors, Rocell, Sri Lanka’s interior design connoisseur, ties up with ‘Franke’ – the world’s leading brand of kitchen sinks, bringing a new standard of beauty and inspiration to Sri Lankan kitchens.

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LB Finance expands to Wadduwa and Darga Town

March 2018

LB Finance, Sri Lanka’s trail-blazer in innovative financial services recently opened two new branch in No. 534, Galle Road, Wadduwa and No. 358/D, Mathugama Road, Darga Town...

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Rocell dazzles with excellence, placed amongst the Top 20 Best Sri Lankan Brands

January 2018

On its phenomenal journey of continuously maintaining the highest standards of beauty, quality and excellence, Rocell was recently bestowed with a remarkable honour by being named one of the Top 20 Best Sri Lankan Brands for 2017, at the inaugural Interbrand Best Sri Lankan Brands awards ceremony.

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LB Finance crowned Sri Lanka’s top Finance and Leasing Brand

January 2018

L B Finance, a leading financial services brand in Sri Lanka was listed among the top 20 brands at Interbrand’s Best Sri Lankan brands.

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Vallibel One ranks at number 18 of the Business Today TOP 30

November 2017

Vallibel One is at number 18 of the Business Today TOP 30, 2016-2017. Group revenue increased to 52.9 billion rupees and assets increased by 16 per cent to reach 175.6 billion rupees. However, PAT declined to 4.3 billion rupees from the previous year. The Group was driven by the strong performance of subsidiary companies.

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LB Finance posts strong growth of pre tax profit of 1.7 b in Q1

August 2017

LB Finance PLC recorded strong performance over the three months ended 30 June (Q1) 2017/18, closing the quarter with a pre tax profit of Rs 1.7 billion due to strong performance experienced in key revenue generating operations. As a result, Total Comprehensive Income for the period was up by 4% year on year (YoY) with a figure of Rs. 957.2 million...

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LB Finance crosses Rs.100bn in assets with Rs.6.9bn PBT

July 2017

LB Finance accomplished a stellar performance overall for the year ended March 31, 2017. Total assets crossed the Rs. 100 billion milestone to reach Rs. 102.8 billion as at March 31, 2017, a growth of 21.6 percent over the previous year...

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Rocell (Sri Lanka) adopts dry colouring technology from CMF

March 2017

Rocell (Royal Ceramics Lanka), the largest ceramic tile manufacturer in Sri Lanka, has embarked on a project to modernise the pressing department at the Royal Porcelain (RPL) factory in Horana, which will begin the production of large-format glazed porcelain tiles...

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Aravinda Perera appointed MD of Rocell

March 2017

Former Managing Director of Sampath Bank, Aravinda Perera, has reportedly been appointed as the new Managing Director of Royal Ceramics Lanka Plc...

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L.B. Finance launches 'L.B. Gifts Store’

March 2017

One of the oldest financial institutions, L.B. Finance has launched another customer friendly innovative venture 'L.B. Gifts Store’ with the objective of providing a wide range of household goods to its fixed deposit and savings account holders...

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Dhammika Perera, Chairman of Vallibel One - Chartered Accountants Conference 2016 BMICH Sri Lanka

November 2016
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Vallibel One moves up in the Business Today TOP 30 to number 11

October 2016

Vallibel One moves up in the Business Today TOP 30 to number 11. Focusing on ‘wealth creation for value creation', Vallibel One continues to make strategic decisions to enable growth and innovation...

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Rocell expands its footprint in Australia

11 August 2016

Rocell, the Sri Lankan tile and bathware manufacturer renowned for its quest for elegance and luxury living, opened its Flagship Store in Australia on Thursday, 11th of August. The new 1000 square meter store designed by Italian designer, Simone Cagnazzo, is located on Whitehorse...

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Royal Ceramics Lanka PLC Inks Deal to Expand into Pakistan Market

31 January 2016

Royal Ceramics Lanka PLC, the Sri Lankan award winning tile and bathware manufacturer, renowned for its quest for elegance and luxury living, signed an agreement with Pakistan's leading premium brands retailer SFnZ & Co. Ltd to expand into the Pakistani market...

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Sri Lanka’s Vallibel One to go ahead with USD60mn integrated resort project

21 October 2015

The leisure investment arm of Vallibel One, Greener Water limited is to continue with its project to construct a 400-roomed luxury five star resort in Negombo in its 18 acres of freehold land.

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Vallibel One has grown into a diversified conglomerate

5 September 2015

Vallibel One plc., the Dhammika Perera holding company with strategic investments in financial services, tile and sanitary ware manufacturing and leisure has grown into a highly diversified conglomerate, the company’s recently released annual report said.

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Finance giant LB Finance PLC opened its newest branch of their mounting network in Valachchenai On 7th of April 2015

7 April 2015

Finance giant LB Finance PLC opened its newest branch of their mounting network in Valachchenai On 7th of April 2015, offering an exciting range of financial products for its community.

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