* Revenue for the year 2014/15 at Rs. 6.4 Bn * Aims for leading market share in Sri Lanka’s FMCG landscape In its interim financial statement released for the fourth quarter of the financial year 2014/15 Renuka Foods PLC recorded a revenue of Rs. 1,703 Mn, a 17% increase compared to the revenue during the same…
Colombo equities started monthly operations on a negative note where both indices shed hefty returns amid mixed corporate earnings. Main index declined by 25.10 index points or 0.35% to end at 7,195.19 recording a one month low while 20-scrip S&P SL index declined below 4,000 mark after six weeks, shedding 14.49 index points or 0.36%…
Citrus Leisure Group has posted 102% growth in revenue for 2014/15, recording Rs 616 million of which its first property in Hikkaduwa contributed Rs 270 million. The newly opened Citrus Waskaduwa hotel contributed Rs 317 million in revenue, operating only for 9 months of the financial year. The strong revenues were posted despite the entire…
The government delayed its International Bond Issue since it wanted to pass on the entire benefits of the government’s borrowings to the people of Sri Lanka and that it issued international bonds recently since the time was ripe, said Governor of the Central Bank Arjun Mahendran. While commenting at a media briefing in Colombo recently,…
Lamborghini’s new SUV will be built right where it should be — Italy. And the legendary sports car maker is aiming at the family market. The luxury sports car maker has been rumored to be working on a SUV since it unveiled the Lamborghini Urus, a concept car, at the Beijing Auto Show in 2012….
Sri Lanka is set to possess maritime borders extending up to 800 kilometres from shore in 2018 and it is believed that there are oil and natural gas deposits within these maritime areas said National Ocean Affairs Committee chairman Chris Tilaka Sri Dharmakeerthi. During an exclusive interview with www.adaderanabiz.lk he added, Sri Lanka is now…
Softlogic Capital PLC which is the financial services holding company of the Softlogic Group, reported Profit after Tax for the Sector of Rs 782 Million for the financial year ended March 2015. The result was more than double previous year’s PAT of Rs 309 Million. The numbers are unaudited and were released to the Colombo…
Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform customer experience, joined hands with the 54th Division of the Sri Lanka Army to promote reconciliation through sports. Under this partnership, Virtusa designed and donated software to operate the LED digital scoreboard…
Sri Lanka’s Porcelain Products are world famous for a number of reasons. Quality, reliability and innovation are synonymous with the Sri Lankan porcelain manufacturing industry which produces tableware to fulfill high export demands. Here we take a look at the production process at Dankotuwa Porcelain, a world class manufacturer of quality porcelain tableware.
The first episode in a special series of interviews with Consultant Engineer Sam Samarasinghe, who has provided consultancy services to Singapore’s unique leader Lee Kuan Yew’s government when building the city state.
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