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DateLine Tuesday, 26 August 2008

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Aureos acquires 25% stake in Sunshine

Sunshine Holdings PLC a subsidiary of Watawala Plantations issued 3, 333, 333 new ordinary shares to Aureos South Asia Fund LLC by way of a private placement at Rs 153 per share increasing a long term value and creating a win -win situation for the shareholders.

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Energy costs eat into CGCL profits

Ceylon Glass Company Limited (CGCL) declared the results for the quarter ended June 30, 2008.

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National policy on fertiliser needed - Chairman TRI

The industry was able to save Rs. 600 million by using light weight withering fans and another Rs. 240 million by reducing losses through decreasing the quantity of fertiliser.

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Group Managing Director Sunshine Holdings V. Govindaswamy, Chairman Sunshine Holdings Rienzie T. Wijetilleke and Director CT Capital Channa Amaratunga after the signing of the agreements. - Picture by Sumanachandra Ariyawansa

Credit provided through credit cards by 10 banks increased by 37 per cent to Rs. 29 billion in comparison to 41 per cent growth recorded in 2006. The share of credit card loans in the total loan portfolio of LCBs increased marginally from 1.7 per cent to 2.1 per cent in 2007 due to loans and advances growing at a relatively lower rate.
                           (Central Bank Annual Report 2007)



 
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