Airport opens on March 18:
Emirates A380 to use Mattala as supply station
Emirates Airlines plans to use the new Mahinda
Rajapaksa International (MRI) Airport Hambantota as a supply airport
for their modern A380 flights operating on long haul destinations.
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Mobitel posts revenue growth of 13 % in 2012
Sri Lanka Telecom Mobitel, said its financial
results for FY2012 had recorded an impressive revenue growth of 13%
in 2012 despite intensified competition in the mobile telephony
sector. In absolute terms, Mobitel recorded revenue of Rs 24.93
billion in 2012 compared to Rs 22.08 billion in 2011, an increase of
Rs.2.85 billion.
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NTB growth momentum continues
Nation Trust Bank closed the year with post tax
profit of Rs 1,951million surpassing the comparative period of last
year by 21%. With the macroeconomic conditions being conducive for
business, the bank managed to improve performance in all areas
notably in deposit mobilization and core earnings in a controlled
credit growth environment. All business segments put up solid
performances and contributed evenly to the bottom line. Specific
challenges faced during the early part of the year with the rising
interest rate scenario, devaluation of the currency and the changes
in the import tax structure for vehicles was well managed with
prudent positioning of portfolios and timely execution of alternate
strategies.
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