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Thursday, 4 July 2013

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Laksala rebounds with Rs 700 m revenue

*Makes Rs 73 million profit for past year

*Flagship store in Colombo Museum

Laksala Handicraft Emporium which was a rundown institution being a burden to the Government Treasury has made a remarkable turnaround and have made a profit Rs. 73 million last year. The state institution hopes to end this calendar year with a earning of Rs. 700 million and a profit of Rs 93 million.

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Singapore International Jewellery Show begins today

The National Gem and Jewellery Authority (NGJA) will participate in the Singapore International Jewellery Show 2013, for the seventh consecutive year beginning today. This is one of the biggest international trade shows for the gem and jewellery sector in the region.

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HDL pays Rs 1 billion off its Government loan

For the fist time in its history, Hotel Developers (Lanka) PLC (HDL), the owning Company of Hilton Colombo, has last week paid Rs. 1 billion to the Treasury as part settlement of a longstanding loan from the Government.

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Laksala Chairman Anil Koswatte at the Thunmulla showroom.



 
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