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SLT Group Q1 profit Rs 609 m

Price war erodes margins:

SLT released its Group and Company financial results for the quarter ending March 31, 2010, with a substantial increase in the Group net profit after taxation compared to the previous quarter. The Company and the Group have recorded Rs 415m and Rs 609m net profit after tax profit respectively, even after provisioning Rs 188m for VRS costs of the company. This is mainly due to the impressive performance of the subsidiary Mobitel, the mobile arm of SLT.

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Few takers for Customs automation system

Senior official wants more importers to use ASYCUDA:

The use of the automated cargo clearance facility is at a low level, a senior Customs official said. “It is important to make maximum use of the ASYCUDA (Automated System for Customs Data) system introduced by the Sri Lanka Customs to enable electronic submission of customs clearance,” he said.

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SLASSCOM conducts new projects in NE:

IT, BPO professionals to reach 100,000

Sri Lanka’s skilled resources are on par with top professionals in the world when considering the IT as well as the mobile sector, Sri Lanka Association for Software and Services Companies (SLASSCOM) Chairman, Dinesh Saparamadu said Daily News Business at the launch of MobileMonday, Colombo in Sri Lanka.

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Boat Show attracts new business: With the economic recession experienced in the western markets, Sri Lanka’s regional markets have become a lucrative proposition for the boating industry. Therefore extra efforts have been made to promote the industry among selected regional markets such as Maldives, India, Bangladesh, Seychelles, Madagascar and the Middle East for possible long term investment and export opportunities. The Boat Show 2010 which concludes today was a perfect meeting place for buyers and sellers. It facilitated the exchange and transfer of technology among the builders. Here an exhibitor explaining a specimen of a ship to a visitor at the Boat Show. Picture by Saliya Rupasinghe.

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