810,000 new shares to the market :
Alliance goes for 1:2 Bonus Issue
Alliance Finance Co. PLC will shortly go in for
a bonus issue where one new share will be offered for every two
shares, making 810,000 new shares be offered to the market on its
already existing 1,620,000 issued share capital. The company will be
giving a new share for every two shares held for the 1,620,000
shares which is the issued share capital in capitalization of
reserves for which we have already informed the Colombo Stock
Exchange after Board approval at its meeting Wednesday.
Singer hits Rs 10 billion revenue mark in first half
The Singer Group recorded Rs 10.27 billion in
revenue in the first half of the 2011 financial year. This
remarkable achievement was a 38 percent increase over the equivalent
period in the 2010 financial year which, in turn, marked an
impressive growth over the same period in 2009.
Market starts in green
The stock market started the new week yesterday,
enduring a high volatile trading environment. The market started in
green, lost its momentum in the mid trading session and finally
displaying some recovery to end trading. ASI gained marginally by
8.76 points (+0.13%) to end at 6,854.14 while sensitive MPI
increased by 34.87 points (+0.56%) to end at 6,244.94.