
Jayawardena told shareholders during the annual general meeting, that the board of directors appointed him, as Distilleries' main shareholder, Milford Holdings, did not appoint ex-chairman V P Vittachi.
Distilleries, a conglomerate in the making with significant presence in the country's key growth sectors, also reported a stellar performance for the second quarter ending Sept. with net profits up 41.5 percent to 1.052 billion rupees over revenues of 10.61 billion rupees.
The results helped lift six months net profits up 66.1 percent to 1.94 billion rupees, over sales of 22.12 billion rupees.
Jayawardene and his Stassens Group which controls Distilleries', has diversified interest in banking, financial services, shipping, hotels, power, telecommunications, plantations, healthcare, liquor and food and beverages.
Distilleries controls over 80 percent of the island's hard liquor market, a third the insurance market (through Sri Lanka Insurance Corp).
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