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Friday, 16 November 2012



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Lanka Phosphate commissions new mill complex

Lanka Phosphate Ltd (LP), plans on commissioning the new mill complex in Eppawala on November 20, Chairman Admiral Daya Sandagiri said that the mill was established to improve production. “Last year though we managed to meet the demand, it was a difficult task we had to work 22 hours a day on all three mills to meet the demand of 56,000 metric tons,” he said.

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Hemas boosts operating profits by 51 %

Hemas Group posted revenues of Rs. 12.9 billion a growth of 29.0 % over the previous year. Main contributors were Power, Healthcare and FMCG sectors, which recorded growth levels of 50.4 %, 22.9 % and 17.2 % respectively. Group operating profits recorded a growth of 50.6 %, to post Rs. 1,036 million (as per SLAS) while earnings for the half-year was Rs. 705 million (as per SLAS), a year-on-year growth of 44.9 %. Earnings were driven by Transportation, FMCG and Healthcare sectors, whose earnings grew by 52.2 %, 39.6 % and 33.0 % respectively, and Leisure sector which posted earnings of Rs. 42.4 million as against a loss of Rs. 32.8 million last year.

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Singer Group turnover Rs. 18.7 bn at end 3-Q

Singer Sri Lanka further strengthened its position as the leader in Sri Lanka’s consumer durables sector as the Singer Group’s revenue rose by Rs. 3.2 billion to Rs. 18.7 billion, at the end of the third quarter. This is an increase of 21% when compared to its results from the same period last year. The Group’s retail operation, which comprises Singer Plus, Singer Mega, Sisil World and Singer Homes, recorded revenues of Rs. 17.5 billion. Singer Finance, the Group’s pioneering financial services subsidiary, continued its spectacular climb, with revenues increasing by 46 %.

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new mill complex in Eppawala. top left officials at the complex

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