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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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