Category:
Sri Lanka coconut exporter seeks funds to expand
Nov 17, 2009 (LBO) – Sri Lanka’s Renuka Agri Foods, part of the Renuka group, said it plans to raise funds through a public offer to expand production and exports and repay debt.The firm, which exports branded coconut products, will issue 120 million shares at 2.25 rupees each to raise 270 million rupees. The shares […]
Sri Lanka Carson Sept net buoyed by palm oil
Nov 17, 2009 (LBO) – Sri Lanka’s Carson group said net profit for the September 2009 quarter almost doubled from a year ago mainly on strong contributions from its palm oil plantations in east Asia. The company said in a stock exchange filing that September 2009 quarter net profit shot up 93 percent to 609 […]
Sri Lanka Maskeliya Plantations hit by wage hike
Nov 17, 2009 (LBO) – Sri Lanka’s Maskeliya Plantations said it slipped into the red in the September 2009 quarter after costs shot up following a wage hike wrested by estate labour unions. Maskeliya Plantations said half of the wage arrears is to be paid in October 2009 while 25 percent each is payable in […]
Military Ward
November 17, 2009 (LBO) – A hospital built by India’a Apollo chain that is now under Sri Lankan government control is to offer beds to military personal to become more socially equitable, a senior official said. The Apollo Hospital in Colombo was renamed Lanka Hospitals after it ended its licensing and support services agreement with […]
Sri Lanka lifted by Dilshan century in India Test
AHMEDABAD, November 17, 2009 (AFP) – Tillakaratne Dilshan smashed his fifth century of the year as Sri Lanka made a spirited reply in the first Test against India here on Tuesday. Dilshan hit 112, his 10th Test hundred, as Sri Lanka cruised to 275-3 by stumps on the second day in reply to India’s first […]
IMF sells two tonnes of gold to Mauritius
WASHINGTON, November 17, 2009 (AFP) – The International Monetary Fund announced Monday it has sold two tonnes of gold to the central bank of the Indian Ocean island of Mauritius for nearly 72 million dollars.The sale came as gold prices surged Monday to an all-time high of 1,136.72 dollars per ounce. The sale to Mauritius […]
Sri Lanka First Capital profits soar on bond gains
Nov 16, 2009 (LBO) – Sri Lanka’s First Capital Holdings said profits in the September 2009 quarter soared over ten times to 168.1 million rupees from 16.1 million on bond gains from is primary dealer unit.Sri Lanka’s bond yields have plummeted over 2009 as the Central Bank cut interest rates and foreign capital flowed into […]
Sri Lankan stocks close flat; rupee up
Nov 16, 2009 (LBO) – Sri Lanka stocks closed flat Monday as investors on the back foot awaiting political developments, while the rupee strengthened against the greenback broker and dealers said.Conglomerate John Keells Holdings closed at 143.25 rupees, down 1.75, and Distilleries Company of Sri Lankan closed at 95.00 rupees, down 25 cents. Commercial Bank […]
Harbour Moves
Nov 16, 2009 (LBO) – Labour unions at Colombo port, Sri Lanka’s main harbour, Monday ended a ‘go-slow’ action that had caused delays to shipping lines, after striking a deal on a pay hike with the authorities. “This caused a loss of confidence in Colombo among foreign shipping lines.” He said one line was supposed […]
Tight Numbers
Nov 16, 2009 (LBO) – Sri Lanka’s state-run Bank of Ceylon group’s profit fell 63.3 percent to 256.7 million rupees in the September 2009 quarter from a year earliers, while revenues rose 2.7 percent to 15.86 billion rupees. Interest income grew 4.0 percent to 13.46 billion rupee, interest expenses grew at a faster 10.8 percent […]
Strong Numbers
Nov 16, 2009 (LBO) – Sri Lanka’s NDB Bank said net profits for the September 2009 quarter was up 75-pct to 615 million rupees from a year earlier, while revenues grew 14.4 percent to 3.62 billion rupees. Interest income grew 5.3 percent to 2.89 billion rupees, interest expese fell 0.3 percent to 1.80 billion allowing […]
Sri Lanka promotes air chief after spat with army general
November 16, 2009 (AFP) – Sri Lanka’s president on Monday promoted his air force commander to be the country’s top military officer to replace General Sarath Fonseka who quit following a rift with the government, an official said.Air Chief Marshal Roshan Goonetileke, 53, was made the new Chief of Defence Staff (CDS) from Monday in […]