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Tuesday, 13 November 2012

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Army invests Rs 350 mn in three hotels

Makes inroads to sector with Laya branding:

The Sri Lanka Army will open its modern Cabana type star class hotel complex bordering the popular Yala National Sanctuary shortly. This latest jungle cum beach resort at Yala, would be branded as “Laya Safari’ and will include 20 luxurious cabanas with a panoramic view of the park. Built by the Engineer Service Regiment, the second stage of the project would include another 30 rooms.

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NDB reports strong performance

NDB’s performance for the nine months ended September 30, 2012 indicates a strong growth momentum. The net profit after tax of Rs 2,342 million for the period show an increase of Rs 804 million (52 percent) compared to the prior year corresponding period.

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Emirates Group records US $ 575 mn net profit, up 68 %

The Emirates Group today announced its half yearly results which remain robust despite continued global economic pressure and continued high fuel prices. The Emirates Group posted a AED 2.1 billion (US $ 575 million) net profit for the first six months of its current fiscal year ending 30th September 2012, up 68 per cent from AED 1.3 billion (US $ 343 million) from September 30, 2011.

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An artist's impression of the proposed hotel



 
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