Category: Industry
‘s Amaya Leisure profits up 6-pct
May 20, 2014 (LBO) – Profits at Amaya Leisure, controlled by Sri Lanka’s Hayleys Plc, rose 6.2 percent to 135 million rupees in the March 2014 quarter from a year earlier, interim accounts showed.The group reported earnings of 2.81 rupees per share. Amaya Leisure said revenues rose 11 percent to 352 million rupees, cost of […]
Macksons Properties in serviced apartment complex in Sri Lanka capital
May 19, 2014 (LBO) – Macksons Properties (Pvt) Ltd, will build a 655 million rupee, 100-room serviced apartment complex in Sri Lanka’s capital Colombo, the state investment promotion agency said. Macksons Holdings has interests in consumer goods, automobiles and building materials including Multilac branded paints, the Board of Investment of Sri Lanka which approves and […]
Container Depot
May 19, 2014 (LBO) – Logistics International Limited, a unit of Sri Lanka’s Hayleys group said its container depot had been automated and efficiency boosted with new technology that stacks two containers at a time.The firms said the Kalmar DCF100-45E6 from Finland based Cargotec-Kalmar was the first of its kind in Sri Lanka. Janitha Jayanetti, […]
Cricket: England want more Hales heroics against Sri Lanka
LONDON, May 19, 2014 (AFP) – England will hope history repeats itself when they begin their international programme against Sri Lanka with a lone Twenty20 international at The Oval on Tuesday. One of the few highlights for England during a recent tour programme that saw them surrender the Ashes 5-0 came in March when Alex […]
‘s Hathurusinghe to coach Bangladesh cricket
SYDNEY, May 19, 2014 (AFP) – Chandika Hathurusinghe will leave his post as coach of the Sydney Thunder Twenty20 team to take up the head coaching role with Bangladesh, Cricket NSW said on Monday. The 45 year-old Sri Lankan, who took charge of the Thunder last season, has been offered the chance to coach at […]
SriLankan Airlines, Finnair codeshare flights take-off from June 02
May 19, 2014 (LBO) – SriLankan Airlines and Finanair will begin code share flights from June 02, with flights to Frankfurt, Paris, Rome, London, Stockholm, Oslo and Copenhagen from Helsinki. SriLankan Airlines, Head of Commercial Operations Mohamed Fazeel said the partnership will expand the carriers reach to the Scandinavian region and increase tourist arrival to […]
The Kingsbury hotel in Sri Lanka in profits after make-over
May 18, 2014 (LBO) – The Kingsbury hotel in Colombo which was re-branded and rebuilt after being taken over by Sri Lanka’s Hayleys group has posted the profits of 42 million rupees the March 2014 quarter, interim accounts showed.The firm reported earnings of 20 cents per share for the quarter. In the March 2013 quarter […]
Sri Lanka return to winning ways
LONDON, May 17, 2014 (AFP) – Sri Lanka secured their first victory on English soil this season with a crushing 128-run win over Kent in a one-day match at Canterbury on Friday.Sri Lanka next play Sussex at Hove on Sunday before facing England in a lone Twenty20 international and five-match one-day series starting next week.The […]
Steady Gains
May 17, 2014 (LBO) – Profits at Sri Lanka’s National Development Bank rose 135 percent from a year earlier to 1.19 billion rupees in the March 2014 quarter, amid positive loan growth, interim accounts showed. Group total assets grew 12 percent to 197 billion rupees and net assets were up 1 percent to 24.7 billion […]
Cricket: Pakistan appoint Grant Flower batting coach
LAHORE, May 15, 2014 (AFP) – Pakistan appointed former Zimbabwe opener Grant Flower as their batting coach Thursday in a comprehensive overhaul of the national team’s management in their bid to win next year’s World Cup.Grant, younger brother of former England coach Andy, will join in August during Pakistan’s tour of Sri Lanka. “We have […]
Brand Summit
May 16, 2014 (LBO) Senior corporates leaders and marketing professionals from Sri Lanka and the region will come together at a one day conference in Colombo this month to share their expertise and experience as disruptive digital technologies change rules of brand building.Digital technologies are influencing the tastes and preferences of consumers, and are fast […]
Sales Drive
May 16, 2014 (LBO) – Singer (Sri Lanka) Plc, a consumer durables retailer said there was a pick-up in demand in the March 2014 quarter thought economic conditions were still sluggish and installment collections were difficult. “This leaves us with optimism that there will be a double digit growth in the 2nd quarter of 2014 […]