Category: General Services

Aug 16, 2010 (LBO) – Sri Lanka’s largest supermarket chain Cargills (Ceylon) group June quarter profits rose 92.3 percent to 312 million rupees from higher sales, better margins and lower finance costs, a stock exchange filing said. Group revenues rose 20.6 percent to 8.94 billion rupees from a year ago while sales cost rose at […]

Aug 06, 2010 (LBO) – Sri Lanka’s Nawaloka Hospitals group June 2010 quarter profits rose 1,350 percent to 902 million rupees on a one-off extraordinary gain from the sale of a stake in a hotel, a stock exchange filing said. At the end of June quarter, the hospital group’s gross assets rose six percent to […]

Aug 03, 2010 (LBO) – Sri Lankan retailer Odel group’s June profits rose 187 percent to 37 million rupees from a year ago owing to better margins despite higher tax and operating costs, its interim results showed. Odel group’s June quarter sales were up 62 percent to 692 million rupees, while cost of sales had […]

BEIRUT, June 25, 2010 (AFP) – A Lebanese woman was sentenced to one month in jail for mistreating her Sri Lankan housemaid, court papers showed on Friday, a rare happening in a country where rights groups regularly denounce the ill-treatment of foreign domestic helpers. Rights associations defending immigrant workers decry that these labourers are not […]

June 23, 2010 (LBO) – A unit of Sri Lankan high-end retailer Odel may reconsider to build a shopping mall with the parent firm making a full provision to cover a 45.2 million rupee loan due from the unit, its share issue prospectus showed. “Although yet to commence operations, this Board of Investments (BOI) approved […]

June 22, 2010 (LBO) – Sri Lankan retailer Odel said it made 141.8 million rupees in net profits last year, as sales recovered and margins improved, with money from a share issue to be used to retire debt and expand. The retail chain’s profits for the financial year ending March 2010, revealed for the first […]

June 17, 2010 (LBO) – Sri Lanka’s president Mahinda Rajapaksa has backed a plan to liberalize university education and set up a mechanism to monitor and evaluate the quality of foreign and local higher education, an official said. A proposal for a ‘National policy framework on higher education and technical and vocational education’ to revamp […]

June 14, 2010 (LBO) – Sri Lanka’s Triad Advertizing has launched Triadhot.com, a virtual advertising agency, to service global clients’ online advertizing at lower cost than existing international competition, a statement said. The agency would offer research, strategies, creative ideas, storyboards and jingle scripts on demand for its customers, it said. Triadhot.com would be based […]

June 13, 2010 (AFP) – Sri Lankan authorities on Sunday conducted the marriages of over 100 former rebels at a mass ceremony attended by Bollywood actor Vivek Oberoi. A total of 53 couples were issued marriage certificates in the northern district of Vavuniya, where they are being held in military custody following the defeat of […]

June 10, 2010 (LBO) – A new hospital in Sri Lanka’s Asiri healthcare group is set to break-even and generate positive cashflows despite overshooting its construction budget by 20 percent, an official said. The Central hospital, which started operations two months ago and cost 5.5 billion to build, is generating enough cash flows to be […]

June 10, 2010 (LBO) – Sri Lanka’s newly appointed higher education ministry has promised better syllabuses, elimination of ‘ragging’ of freshmen and stronger English language skills to boost the employability of graduates from state universities. Dissanayake who is also a state university graduate and former activist, said the current academic syllabus taught at universities will […]

June 07, 2010 (LBO) – Sri Lankan retailer Odel plans to raise 250. 5 million rupees through an initial public offer, according to a Colombo Stock Exchange statement. The company, a clothing and fashion products retailer, will issue 16.7 million ordinary voting shares at 15 rupees a share with subscriptions opening on July 5, the […]