Record profits for Distilleries Company of Sri Lanka
The Distilleries Company of Sri Lanka (DCSL) has recorded a
consolidated profit of Rs 3.6 billion after minority interest in
2006/2007 despite the economy facing multiple challenges.
Chairman D. H. S. Jayawardena stated that although the Group through
strategic acquisitions has diversified into many sectors inclusive of
food and beverage, telecommunication, tourism, cargo, logistic,
destination management, hotels and hotel management, plantations, fabric
processing, garment, insurance and shipping, the beverage sector
continues to be the main contributor towards Groupís profit.
According to the Chairman there had been several revisions of excise
duties and import duties on rectified spirits and prices of DCSL and
Periceyl products were increased.
He pointed out that the Alcohol and Tobacco Bill passed in Parliament
is at its infancy and will have major repercussions in the future.
He regretted that the National Authority on Tobacco and Alcohol only
focuses on the aspect of legal liquor that is least harmful and a major
contributor to Government coffers.