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Tuesday, 29 May 2012

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Beruwala to get Lanka’s first Marina

With seven star hotel, aquarium, museum and entertainment park:

In keeping with the expected growth in the boat building industry, the Ministry of Fisheries will construct Marinas in Beruwala and Colombo. The country’s first Marina will be build adjoining Beruwala fisheries harbour. These projects are at the infant stage and will be completed with substantial investment both locally and internationally, Boat Building Technology Improvement Institute Managing Director Gamini B. Herath told Daily News Business .

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Expolanka Holdings posts Rs. 1.23 b PAT for FY 11/12

Expolanka Holdings PLC sustained its consolidated nett profit after Tax (NPAT) for the financial year 2011/12 at Rs. 1.23 billion, with a consolidated net profit before tax (NPBT) at Rs. 1.68 billion. The Q4 recorded a YOY growth of 21% in Top Line, 33% growth in Gross Profit and 22% growth in Profit-Before-Tax. The Freight and Logistics Sector of the Group recorded a PAT of 1.11 billion which was increase of 5.3% for the FY 2011/12. The other three key sectors Travel and Leisure, International Trading & Manufacturing and Investments and Services contributed a PAT of Rs. 114 million to the Group.

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AVIVA NDB records Rs. 3 b consolidated revenue in Q1 2012

The unaudited financial results of AVIVA NDB Insurance presented for the three months ending March 31, 2012 recorded consolidated revenue amounting to Rs. 3 billion. Total Life sales in Gross Written Premium (GWP) terms were an encouraging Rs. 1,615 million. Continued decline in equity market conditions were offset by higher interest rates in bonds resulting in only a relatively small decline in sales volumes of investment linked products. There was increased entry into the investment linked Secure Fund (bonds) both from new business as well as switching from the other two fund options of Balanced (mix of bonds and equity) and Growth (predominantly equity).

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Beruwala fisheries harbour



 

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