Laugfs posts solid growth
Rs 750 m net profit for first nine months:
Laugfs Group has posted a revenue of Rs 5.32
billion which is 32 percent increase over the corresponding year for
the nine months ended in December 31. The Profit After Tax (PAT) of
the group was Rs 750.3 million which is an impressive 96 percent
increase over the same period last year.
Market hits 7000 mark
The market saw a turnaround yesterday with the
Colombo Stock Exchange (CSE) All Share Price Index (ASPI) exceeded
the 7,000 milestone for the first time this year. The ASPI closed at
7,014.85 points moving up by 22.15 points, while Milanka Price Index
(MPI) closed at 7,327.22 points gaining by 12.51 points yesterday.
Investor interest for Galle Face
Many foreign investors have shown interest to
invest in the 400-acre land to be reclaimed in the Galle Face area
using extracted soil from the sea. The land is to be used to build
commercial buildings, luxury hotels and other high rise buildings.