Category: General Services
LAUGFS Lubricants expands to serve the Northern Province
LAUGFS Lubricants (Pvt) Ltd, the first Sri Lankan company to enter the local lubricant industry back in 2008, has further expanded its product portfolio to the Northern Province. The appointment of distributorship for the Anuradhapura region took place recently with the presence of company senior officials. This is also expected to serve customers in the […]
‘s GSP+ process on the right track: EU Commissioner
Mar 16, 2016 (LBO) – The European Union has noted progress made by Sri Lanka on GSP+ criteria and supports renewed application, a senior EU official said. With the election of the new government Sri Lanka intends to apply for tariff preferences provided under the special incentive arrangement for sustainable development and good governance (GSP+) […]
Volvo appoints new importer and distributor in SL
Mar 15, 2016 (LBO) – Volvo, a Sweden based car manufacturer announced Swedish Cars (Pvt) Ltd., an IWS Holdings company, as the importer and distributor of it’s vehicles in Sri Lanka. Swedish Cars announced that it is now officially commencing the development of the Volvo Centre Colombo with a completion date set for August 2016. […]
‘s total revenue in 2015
Mar 09, 2016 (LBO) – Ceylon Tobacco Company, a unit of British American Tobacco said the company contributed 91.6 billion rupees to the government during 2015 which accounts for 7 percent of the Government’s total tax revenue. “This constitutes approximately 88 percent of the value generated by the Company making the Government a key stakeholder […]
Sri Lanka’s Ceylon Tobacco unit profits down 7.7-pct in Dec
Feb 20, 2016 (LBO) – Profits at Ceylon Tobacco, a unit of British American Tobacco fell 7.7 percent to 1,834 million rupees in the December quarter, interim accounts showed. The firm reported earnings of 9.79 rupees per share for the quarter compared to earnings of 10.61 rupees per share posted a year ago. Gross revenue […]
Alpha Fire Services launches new water mist technology to combat kitchen fires
Colombo. Tuesday 16 February 2016. Alpha Fire Services (Pvt) Ltd Sri Lanka will showcase the Proano Kitchen Water Mist Fire Suppression Systems, which are rapid and effective on kitchen (F/K class) of fires, at the forthcoming ‘Architect Exhibition’ to be held at BMICH from 18th to 21st February. Water Mist is nebulised fresh water distributed […]
SEC assigns Special Purpose Audit for Blue Diamonds
Feb 12, 2016 (LBO) – Sri Lanka’s securities regulator has assigned Ernst & Young to carry out a Special Purpose Audit to check several allegations made against Blue Diamonds Jewellery Worldwide. Releasing a statement Securities and Exchange Commission said they received several complaints alleging that the Director Board has misled their shareholders and investors through […]
Sri Lanka’s Hayleys December net down 27-pct
Feb 11, 2016 (LBO) – Profits at Sri Lanka’s diversified Hayleys group fell 27 percent to 534 million rupees in the December 2015 quarter, interim accounts showed. The firm reported earnings of 7.12 rupees for the quarter 2015 compared to last year earnings of 9.81 rupees on profits of 736 million rupees. The group revenue […]
Sri Lanka IT professionals insist on greater transparency in ETCA
Feb 11, 2016 (LBO) – Sri Lanka’s IT professionals have raised concerns over the lack of transparency and industry involvement in formulating the proposed Indo-Lanka Economic and Technology Cooperation Agreement. President of Sri Lanka Information Technology Professionals Association Indika Gamage told reporters that the government has placed a huge commitment without reputed statistical or contextual […]
Sri Lanka’s Cargills (Ceylon) December net down 3 pct
Feb 10, 2016 (LBO) – Profits of Sri Lanka’s Cargills (Ceylon) group, which has interests in retailing and fast moving consumer goods, fell 3 percent to 463 million rupees, interim accounts showed. The group reported earnings of 2.07 rupees per share for the quarter. Revenues rose 19 percent to 18.1 billion rupees and cost of […]
Textured Jersey Lanka net up 79-pct in Dec quarter
Feb 03, 2016 (LBO) – Profits at Textured Jersey Lanka, a fabric maker, rose to 672 million rupees in the December 2015 quarter up 79 percent from a year earlier, the firm said. Textured Jersey reported earnings of 1.02 rupees per share for the quarter in accounts filed with the Colombo Stock Exchange. In the […]
Minister Hakeem to visit Turkey seeking Sri Lanka tea expansion
Feb 03, 2016 (LBO) – Sri Lanka Muslim Congress Leader and City Planning Minister Rauff Hakeem will undertake a week-long official visit to Turkey as part of the Prime Minister’s initiative to expand the market for Sri Lankan tea. Minister Hakeem is on a mission to explore the possibility of increasing the volume of tea […]