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Tuesday, 29 December 2009

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CIC gets GOSL grant

CIC informed the CSE that "the Government of Sri Lanka (GOSL) have released Rs. 250 Million ( LKR Two Hundred and Fifty Million) due to price adjustments on sale of fertilizer made during the period November 2008 - March 2009. This will have an impact to the group profitability".

The grant has not been provided for in the books of accounts and it would add to the forecast EPS for FY2010.

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