Novel instant tea vending machine developed
For the first time in the world, a Sri Lankan
entrepreneur has designed an instant hot and cold tea portable
vending machine capable of pouring hot and cold tea via SMS. This
model will be exported to Dubai, Korea, Japan, India and the
Maldives and other neighbouring countries early next year.
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Excellent results for Vallibel Finance
Vallibel Finance, ended the first half of fiscal
year 2011/2012 on a triumphant note, recording high growth
statistics. The total asset base of the company rose by 39.41% from
Rs 3.88 billion at March 31, 2011 to Rs 5.41 billion at September
30, 2011,
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LOLC posts Rs 6.7 b profit
LOLC continued its positive stride in profit
growth recording strong bottom line results as at September 2011
with Rs. 7.5 bn as PBT and Rs. 6.7 bn as PAT. The profits before tax
records a growth of 66% and the resultant profits after tax records
a gain of 75% over the previous year. In 2009,
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