Sri Lanka airline caterer says 9-month profits up 40-pct

Feb 22, 2011 (LBO) – Sri Lankan Catering, a unit of state-run SriLankan Airlines, a firm slated for a public listing said profits for the 9-months to December 2010 rose 40 percent to 640 million rupees. SriLankan Catering also runs an industrial laundry facility in Katunayake and a 24-roomed transit hotel at the airport.

Last year SriLankan Airlines officials said they had plans to list the flight kitchen in the Colombo Stock exchange.

The profits came despite an foreign exchange loss of 160 million rupees, SriLankan airlines said in a statement.

SriLankan Catering is the only in flight meal provider at Sri Lanka’s Bandaranaike International Airport.

The flight kitchen had produced 3.15 million meals averaging 11,453 meals a day.

In December alone the firm had a profit of 110 million rupees, when it produced more than 385,000 meals. Sri Lanka’s tourist arrivals peaked in December 2010, after the end of a 30-year war in May 2009.

New airlines have also started calling at Colombo. Last week Pakistan International Airlines started services.

“We believe that this trend of rapid growth will continue as Sri Lanka savours the benefits of permanent peace which in turn has l