Fabric Fate

Feb 06

Feb 06, 2012 (LBO) - Sri Lanka's Hayleys MGT Knitting Mills (HMGT) managed to reduce losses in the December 2011 quarter from a year ago but sales also fell, interim accounts showed.

Market Flavour

Feb 06

Feb 06, 2012 (LBO) - Sri Lanka's currency opened 20 cents weaker at 114.30 cents against greenback Monday as the monetary authority lowered its intervention rate in forex markets for the second consecutive day, dealers said.

Health Profits

Feb 06

Feb 06, 2012 (LBO) - Sri Lanka's Asiri Hospital Holdings said net profits in the December 2011 quarter rose 51 percent to 117 million rupees from a year earlier, as revenues grew 36 percent to 1.67 billion rupees.

Hospital Bid

Feb 06

Feb 06, 2012 (LBO) - A hospital built by Golden Key Credit Card Company, a failed Sri Lankan financial firm is being chased by two business groups, but a depositor association wants more money for the asset, a media report said.

Northern Tourism

Feb 05

Feb 05, 2012 (LBO) - Sri Lanka's Jetwing hotel group has started building a 700 million rupee (6.1 million US dollars) hotel in the northern city of Jaffna which was cut off from the rest of the island for many years due to a three decade war.