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Tue, 02 September 2014 10:51:24
Sri Lankan Airlines catering unit report Rs1.2bn in profits
21 Sep, 2009 11:01:11
Sept 21, 2009 (LBO) - The catering unit of state-run Sri Lankan Airlines said it was expecting an upturn with more visitors coming to the island after a war with a 1.2 billion rupee net profit already under its belt in the year to March 2009.
"The dawn of peace has brought with it exciting possibilities for growth in the country’s tourism industry," SriLankan Catering chief executive Sarath Fernando said in a statement.

"SriLankan Catering is perfectly positioned with a state of the art operation and an experienced team to grasp these opportunities with both hands and propel the company towards even greater heights."

The company says it is chasing new customers, and is recapturing the business of airlines that suspended operations earlier. It is also preparing to diversify its range of products to new markets outside the airline industry.

The company said it had earned 1.26 billion rupees in net profit after tax for the year to March 2009, which was up 30 percent from a year earlier.

SriLankan Airlines group chairman Nishanta Wickremasinghe said the firm had generated over a billion rupees in profits in three out of four past years.

SriLankan Catering is the fully owned unit of SriLankan Airlines, and sells meals to airlines calling at Colombo's Bandaranaike International Airport (BIA).

These include Emirates, Qatar, Malaysian Airlines, Royal Jordanian, Kuwait Airways, China Airlines, Singapore, Saudi Arabian Airlines, as well as state-run Mihin Lanka and SriLankan Airlines.

It has a production facility at Katunayake built at a cost of 2.5 billion rupees three years ago. The 18,300 square metre flight kitchen is located on a 5-acre site and is staffed by 550 persons with an average experience of 12 years.

It had turned out 11,000 meals per day during the last financial year, and capacity of 25,000 meals per day, on 60 different menus.

The firm also operates three restaurants at BIA, and supplies catering services for several other restaurants and lounges in the airport that are operated by other institutions including Airport & Aviation Services (Sri Lanka) Ltd, which owns the airport.

SriLankan Catering, which was founded in 1979, is a BOI approved and no not have to pay income tax till 2021.

The company is a member of the International Travel Catering Association (ITCA), and the Inflight Food Service Association of the United States.

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