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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