Commercial Credit’s Debenture Issue oversubscribed
Commercial Credit and Finance PLC’s issue of
five-year Debentures has been oversubscribed on February 13, the
scheduled closing date of the issue. This much-awaited issue of 2.5
million debentures opened on January 23, 2013 with an option to
issue a further 2.5 million debentures thus bringing the total value
of the issue to Rs. 500 million.
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GSK invests Rs 203 mn in ayurvedic manufacturing facility
Embarking on yet another milestone,
GlaxoSmithKline Consumer Healthcare – Sri Lanka, (GSK) launched the
new local manufacturing facility for Eno (Ayurvedic powder for
acidity) and Iodex (Ayurvedic Balm) with an investment of Rs 203
million , re-affirming its commitment to the Sri Lankan economy.
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Rs 8.8 billion profit to shareholders:
NDB Group records phenomenal results
Financial year 2012 proved to be an year of
record performance for NDB as it reported a 37 % and 45 % increase
in profit before tax (PBT) and profit after tax (PAT) respectively,
with its asset base recording an increase of 17 % over December 31,
2011. These growth levels resulted in a PBT of Rs. 4.6 billion and
PAT of Rs. 3 billion.
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Aitken Spence posts impressive results
Blue chip conglomerate Aitken Spence PLC
reported its interim results to the Colombo Stock Exchange on
Thursday, showing Rs 3.1 bn as profit before tax, which is an
increase of 18 per cent for the nine months ended 31st December
2012, amidst challenging macroeconomic conditions. Profit
attributable to shareholders rose by 24 per cent to Rs 2.1 bn, over
the previous year.
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