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Wednesday, 27 February 2013

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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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Agxintl won the Outstanding Entrepreneurship Award at the Asia Pacific Entrepreneurship Awards Sri Lanka 2013 last week. Here Outstanding Entrepreneurship Award winner Anton Godfrey, Group CEO of Agxintl (Sri Lanka – India - Australia) receiving his award from Hemaka Amarasuriya. Chairman, National Development Bank. William Ng, President Enterprise Asia and Chairman and Managing Director Associated Newspapers of Ceylon Limited Bandula Padmakumara look on.



 
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