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Bonanza for Puttalam Salt employees

Puttalam Salt Ltd will pay dividends to its employees who are share holders of the company for the year 2000/2001 at a ceremony at the company's circuit bungalow complex at Palavi, Puttalam at 2 p.m. today (November 24).

Under this program a worker having he largest number of shares will receive a dividend of Rs. 29,594 as against a dividend of Rs. 18,212 received in 1999 and Rs. 17,073 received in 1998, a company release said.

The Puttalam Salt Ltd has become a profitable concern even since it was restructured under the governments restructuring program in 1997. The saltern was seen vast development and progress after the restructuring and the quality of its product has also improved immensely.

Puttalam Salt products received the SLS certification too recently. Employees of the company now own 10 percent of its shares. The other shareholders are co-operative rural banks and other co-operative unions 68.5 percent, Peoples Bank 13.03 percent, and Pan Serendib (Private) ltd 8.47 per cent.

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Copyright 2001 The Associated Newspapers of Ceylon Ltd.
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