Vanik on a restructuring drive
Vanik Incorporation will hold an Extraordinary
Shareholder meeting to get the approval from shareholders for a
restructuring plan following the consistent losses reported during
the recent past, sources said.
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Maxis to infuse regional expertise in Lankan operations
Kuala Lumpur: Sri Lanka Telecom (SLT) stands to
gain from the synergies of the Maxis Commmunications Group of
Malaysia, with the acquisition of a market share of 42 percent by
GTH, a subsidiary of the Usaha Tegas Group.
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Chemanex to diversify
Chemanex Limited is to earn 25 percent more from
their exports this financial year. Managing Director, Preethi
Jayawardane said that the company has secured new overseas orders
and was also able to renew contracts with their existing customers.
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Dankotuwa Porcelain earns modest profits
Top tableware exporter Dankotuwa Porcelain Ltd
has made a modest turnaround profit for the year 2008 of Rs. 700,000
on a turnover of Rs. 1.3 million after the losses of Rs. 129 million
on a turnover of Rs. 1.075 billion in 2005 and a loss of Rs. 400
million on a turnover of Rs. 1.2 billion for 2006.
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