Sri Lanka, March 5 -- Sri Lanka's listed corporates wrapped up another quarter of blowout profits in the forgoing December quarter last year with the earnings rising by 19 percent from the same period in 2023, led by a jump in earnings from the banking sector.

According to a brief report on how the corporate earnings fared in the foregoing quarter by CAL Research, Sri Lanka's listed companies which reported their interim performance for the October - December quarter last year had reported a cumulative Rs.218.0 billion. Despite its outsize nature, the December quarter earnings came in slightly down or 7 percent off from the quarter before in September which came in at Rs.236.0 billion, the research unit reported.

CAL Research attributed...