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LRA upgrades Janashakthi Limited (JXG) to Investment Grade 13th May 2024, Colombo: Janashakthi Limited (JXG), the parent entity of the Janashakthi Group of Companies, announces a three-notch upgrade in its credit rating by Lanka Rating Agency (LRA) from BB- to BBB-. This upgrade signifies a shift from moderate risk to investment grade, reinforcing Janashakthi Group’s strength, stability, and sustained growth in the sectors it operates in. Established in 1994, the Janashakthi Group has transformed into a financial conglomerate with a diverse presence across Insurance, Finance, and Investment Banking sectors. Serving as the principal holding company, it holds majority stakes in key subsidiaries such as Janashakthi Insurance PLC, Orient Finance PLC, and First Capital Holding PLC, all of which play strategic roles in the Group’s success. Despite grappling with challenges in macroeconomic volatility, the Janashakthi Group has demonstrated resilience and adaptability. The Group’s strategic initiatives, combined with improved financial performance and ...

May 13, 2024 Posted by In Articles Tagged , ,
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Janashakthi Life records highest ever PBT of LKR 5.2Bn. 186% growth from last financial year 19th April 2024, Colombo: Janashakthi Life, one of the leading life insurance companies in Sri Lanka, has recorded remarkable growth in profitability for the financial year 2023. Marked by a record profit before tax of LKR 5.2 billion, along with a resounding growth of 201% in profit after tax compared to 2022. This achievement is the highest in the entire history of Janashakthi Life. It underscores the company’s robust financial health and strategic proficiency in navigating market challenges. The key financial indicators, such as a Capital Adequacy Ratio of 272%, a Liquidity Ratio of 3.9 times, an ROE of 27%, Earnings Per Share of LKR 18.25, and LKR 3.4 billion in claim settlements, solidify the prudent financial management from the perspective of all stakeholders. “One of the key factors that contributed to Janashakthi Life’s success ...

Apr 20, 2024 Posted by In Articles Tagged , , , , , , , ,
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Janashakthi Group (JXG) Unveils New Corporate Office at Mireka Tower, Havelock City – A Hub for Collaboration and Innovation 29th February 2024, Colombo: Janashakthi Group (JXG), a rapidly emerging conglomerate proudly announces the inauguration of its new corporate office at Mireka Tower, Havelock City. This move marks a significant milestone in the company’s journey, symbolizing a transformative shift in workspace culture and fostering an environment where collaboration and innovation thrive. Chandana de Silva, Chairman of JXG, emphasized the significance of this transition, stating, “The new workspace for the JXG corporate staff at Mireka Tower has been constructed with meticulous attention to detail and functionality. The open layout and collaborative spaces are designed to facilitate seamless communication and idea-sharing, fostering a culture of creativity, productivity, and, most importantly, the well-being of our valued employees.” He also added, “Janashakthi Group’s roots trace back to the early 1990s, when our Founder & Chairman ...

Feb 29, 2024 Posted by In Articles Tagged , , ,
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