SLT Group records Rs 2.03 bn PBT for 1Q-13
Sri Lanka Telecom PLC (SLT) released financial
performance of its Group and Company for the first quarter 2013. The
group has recorded a Rs.14.45 bn revenue, with 5% year on year
growth during the quarter. Strategic initiatives engaged
particularly in the mobile sector together with the expansion of
broadband and data services through i-Sri Lanka program have
complemented the growth of group revenue.
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Economic Development Ministry launches ‘Matching Grant Scheme
As Sri Lanka embarks on a journey to become the
“Wonder of Asia”, Ministry of Economic Development has introduced a
Matching Grant Scheme under the “Mahinda Chintana Vision for the
Future” to support the tourism related SMEs and strengthen the local
economy through sustainable tourism development.
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Dipped Products Group crosses Rs 2 bn PBT in 2012/2013
Dipped Products PLC, the Hayleys Group
subsidiary that accounts for 5% of the global non-medical rubber
glove market, posted strong financial performance for 2012/2013. In
a filing to the Colombo Stock Exchange, Dipped Products reported a
growth in turnover of 20% equating to Rs. 23.7 bn and a profit
before tax of Rs. 2.2 bn in the 12 months ending March 31, 2013.
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