Sri Lanka’s Balangdoa Plantations reports Rs75mn loss

Aug 10, 2015 (LBO) – Sri Lanka’s Balangoda Plantations, a unit of listed Distilleries Corporation, made a loss of 75 million rupees in the quarter to June, compared with the 57 million rupee profit made in the same quarter in 2014, hit by global price falls in rubber and tea, interim accounts showed. The firm […]

Sri Lanka Watawala Plantation profits drop; palm oil supports bottomline

Aug 07,2015 (LBO) – Sri Lanka’s Watawala Plantations said it made a profit of 131 million rupees in the June 2015 quarter, down 43 percent, compared with 231 million rupees in the same quarter last year, battered by declines in the tea sector.The firm reported earnings of 55 cents per share for the quarter, in […]