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Tuesday, 14 August 2012

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Construction industry records 17 % growth in 3Q 2011

Due to massive development endevours by the government and private sector in 2012, the construction industry has recorded a phenomenal growth of over 17 % in their third quarter of 2011 versus 11 % in the corresponding period of 2010. “Growth in the construction industry has been second only to the tourism sector, due to spillover effects of mega infrastructure development programmes, housing and post war reconstruction and resettlement processes taking place through-out the country, said Krishan Debaragoda chairman, George steuart Engineering Pvt Ltd.

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SLT Group 1H 2012 operating profits up by 15 % to Rs. 3.36 b

Sri Lanka Telecom (SLT) released its Group and Company financial results for the six months ended June 30, 2012, recording a Rs. 3.36 billion group operating profit, a growth of 15 % year on year (YoY). Group revenue increased to Rs 27.50 billion, an increase of 11 % yoy.

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Sunil S Sirisena appointed NSB Chairman

Former Secretary to the Ministry of Co-operatives and Internal Trade and Foreign Employment Promotion and Welfare Sunil S Sirisena yesterday assumed duties as the state owned National Savings Bank’s Chairman.

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President Mahinda Rajapaksa, awarded Nestlé a token of appreciation for the support extended towards making the Kandy Esala Perahera a success. Pictured is Bandula Egodage, Assistant Vice President Corporate Affairs and Communications, accepting the award on behalf of the Company.



 
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