Daily News Online

Monday, 13 September 2010



In June quarter results:

Listed companies perform well

Six key sectors amount to 81 percent total earnings:

Corporate earnings for the quarter ended June 2010 resound the initial signs of the post war macro economic recovery in Sri Lanka. Acuity Stockbrokers Research analysis of 204 counters or 87 percent of listed entities based on attributable profits indicate a significant turnaround in corporate earnings potential as against the Financial Year 2009 which has been a relatively ‘bad’ year coupled with the escalation of combat against the LTTE, global recession, inflationary pressures and other economic constraints.

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More Australian investors keen on Lanka - High Commissioner

Sri Lanka is now in a favourable situation for international business after the end of conflict and the global economic downturn, Australian High Commissioner in Sri Lanka Kathy Klugman said.

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Corporates welcome WEF ranking update

The World Economic Forum has upgraded Sri Lanka in its global competitiveness ranking from 79th to 62nd place among 139 nations for 2010-2011. One of the leading corporate personalities in the country said with eradication of the terrorism in the country, Sri Lanka has been highlighted for many positive aspects by respected sources. The most problematic factors for doing business in Sri Lanka that has been highlighted in the report the first two issues are tax regulations and tax rates.

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Australian High Commissioner in Sri Lanka Kathy Klugman accepting the annual report from Sri Lanka-Australia-New Zealand Business Council Vice President Seneka Silva at the AGM. Picture by Saliya Rupasinghe

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