Galle Face Group to invest Rs 2 b
Plans to build new hotel in Kandy:
Galle Face Hotel Management Company (GFH) would
invest Rs. two billion to refurbish and up grade their remaining
properties by the end next year. The group would also look at
building a new hotel in Kandy with the partnership of a foreign
investor. Senior Vice President, GFH, Chandra Mohotti said that they
are currently refurbishing both their properties in Weligama and
Ella and next they would look at Swiss Hotel Kandy. “The GFH group
is the only hotel chain in Sri Lanka to cater to the domestic
travellers and Chairman Sanjeev Gardiner is keen to provide them
even better facilities at these existing properties,” he said. It
was they who supported the group mainly during difficult times. The
group also offers star class hotels and sophistication expected by
the international traveller and travel agents through their other
properties providing a mix that none other group offers.
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SEC nod to transfer TFC shares
Taprobane Securities (Pvt) Ltd (TSL) and the
National Savings Bank (NSB) by letters dated 11 May 2012 made an
application to the Securities and Exchange Commission of Sri Lanka
(SEC) seeking prior approval under Section 28 (1) of the SEC Act to
transfer the Finance Company PLC (TFC) shares purchased by NSB on 27
April 2012 on the Colombo Stock Exchange (CSE) to persons identified
by TSL outside the Trading Floor of the CSE.
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LOLC wins ORIX Award for Excellence
The LOLC Group was bestowed with the prestigious
Prize for “Excellent Performance in the Overseas Operations Category
for FY 2012 ended March 31” by the ORIX Corporation of Japan. This
annual award scheme recognizes exceptional sections and group
companies of the ORIX global network at home and overseas for their
outstanding financial performance and achievements.
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Hayleys posts PBT Rs 4.8 b in FY 2011-12
Hayleys Group has posted its best annual
earnings in the history of the 134 year old conglomerate, tripling
net profit in FY 2011-12. With its Agriculture, Hand Protection,
Purification and Transportation sectors turning in particularly
strong performances, the Group improved turnover to Rs 62.5 billion,
growing by Rs 8.1 billion or 15 percent over the 12 months ending
March 31, 2012.
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