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Rainco in partnership with Triad unveils Digital Umbrella Pandal at ‘Gangarama Vesak Kalapaya’

The unique Vesak concepts portrayed by Rainco and its creative partner Triad (Pvt) Ltd have stood out year after year at the ‘Colombo Vesak Kalapaya.’ In celebration of this year’s Vesak Festival the duo set out to depict a sacred memorandum through a contemporary and modern creative concept. The theme ‘The Eight Vicissitudes of Buddhism,’…

(0)Comments | May 19, 2014 1:19 pm

Virtusa announces fourth quarter and full year fiscal 2014 consolidated financial results

++ Fourth quarter fiscal 2014 revenue of $111.1 million increased 10% sequentially and 24% year-over-year. Fourth quarter fiscal 2014 diluted EPS was $0.35. ++ Full year fiscal 2014 revenue of $396.9 million increased 19% year-over-year. ++ Income from operations for the full year fiscal 2014 increased 29% to $42.4 million. ++ Full year fiscal 2014…

(0)Comments | May 19, 2014 1:09 pm

Unilever Unveils the Pears Happy Baby Learning Centre

Brings knowledge and expertise to Sri Lankan Mothers Unilever Sri Lanka launched the Pears Happy Baby Learning Centre recently, dedicated to all mothers and babies in Sri Lanka. This one-of-a-kind project works to leverage expertise from multiple partners and associates towards the inspiring vision of “Grow Happy” for all babies in Sri Lanka. “Sri Lanka…

(0)Comments | May 19, 2014 1:03 pm

Alumex leads the field

The Alumex Group performed exceptionally well in the financial year ended 31st March 2014, with revenue growing 13% to reach Rs. 2.8 billion. Profit before tax of the group was Rs. 464 million recording an increase of 23%. Profit after tax was reported as Rs. 379 million compared with Rs. 307million in the previous year….

(0)Comments | May 12, 2014 9:45 pm

Dipped Products Group remains resilient in the face of a difficult year

The Hayleys Group subsidiary, Dipped Products, recorded a consolidated turnover of Rs. 23 Bn turnover in the Financial Year ending 31st March, 2014. Despite numerous challenges encountered during the year – including the forced closure of the latex glove manufacturing factory at Rathupaswala, since 30 July 2013 – DPL sustained its revenue base with a…

(0)Comments | May 12, 2014 9:38 pm

Holcim Sanstha becomes first cement brand to be ‘Green Building’ Certified in Sri Lanka

At the recently held Green Building Award Ceremony 2014, organized for the first time by the Green Building Council of Sri Lanka, Holcim Lanka Limited was awarded Green Labelling Certification for its Sanstha brand. The awards ceremony was held at the BMICH Colombo under the patronage of the Minister of Economic Development Hon. Basil Rajapaksa….

(0)Comments | May 12, 2014 9:32 pm

Nestlé delivers a good performance in Q1 2014 with a growth of 11%

Revenue of LKR 8.6 billion, signifying a YoY growth of 11.0% Profit after tax of LKR 1.1 billion Launches Nestlé Professional Cold Vending Beverage Solution with Nescafé ice coffee and Nestea ice lemon tea Maggi voted ‘Food Brand of the Year’ and ‘Youth Food Brand of the Year’ at SLIM Nielsen People’s Awards for second…

(0)Comments | May 12, 2014 9:23 pm

Three Sri Lankan students depart for Intel ISEF

Students meet with Secretary to the Ministry of Education prior to their departure Secretary to the Ministry of Education, Anura Dissanayake met with the winner of the Sri Lanka Science and Engineering Fair (SLSEF) 2014, G.B.R.D. Malewana from Nalanda College, Colombo, and runners-up W.A.N.U. Piyasiri of the Thambuttegama Central College, Thambuttegama and L.N.K. Silva of…

(0)Comments | May 12, 2014 9:17 pm

Fadna Cinnamon Tea is honored with the Certification of Pure Ceylon Cinnamon

The Fadna Cinnamon Tea, produced and distributed by Food and Nature Company was recently awarded the Pure Ceylon Cinnamon Quality certificate by Sri Lanka Export Development Board. This certification which is awarded only for highest quality export products is  granted on the recommendation of a committee of experts appoined by the SLEDB. The photograph depicts…

(0)Comments | May 12, 2014 4:08 pm

Emirates Group Announces 26th Consecutive Year of Profit

The Emirates Group today announced its 26th consecutive year of profit and company-wide growth, ending the year in a strong position despite competitive pressure and a global economic environment that is only slowly recovering. The financial year ending 31 March 2014 also marked an unprecedented level of investment across the Group, continued expansion of its global footprint, and the…

(0)Comments | May 9, 2014 4:51 pm