Lanka’s first satellite company launched
SupremeSAT (Pvt) Ltd. signed an investment
agreement with the Board of Investment Sri Lanka yesterday to the
tune of US $ 20 million with very ambitious plans to take Sri Lanka
into the global space race.
Nestlee‚ Lanka delivers strong 14% revenue growth
Nestle‚ Lanka PLC, Sri Lanka’s leading
Nutrition, Health and Wellness Company, recorded a strong revenue
growth of 14% (YoY) for the three months ending 31 March 2012,
posting a revenue of Rs. 7.3 billion and a net profit of Rs. 462
million amidst a difficult market environment.
Green farm status on the cards with micro hydro
Jagro to obtain new energy scheme
Sri Lanka’s premier berry grower, Jagro Pvt Ltd
has signed an agreement with Industrial Services Bureau Kurunegala
(ISB) to build a 20 kw micro hydro power plant at their berry farm
in Ambewela in the Nuwara Eliya District.