Daily News Online

Tuesday, 15 November 2011


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State Trading makes profits

Employees get bonus, incentives after 12 years:

The State Trading (General)Corporation (STC) which made losses in the last few years has made a profit of Rs 107 million as at October 31 this year. STC Chairman Pradeep Gunawardena told Daily News Business that this profit is after paying all past liabilities which ran into Rs 33 million.

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Godrej Locks enters market with Abans tie-up

Godrej Locks, a leading brand in the lock industry in India announced its entry to the Sri Lankan market through a tie-up with the Abans Group. This will make available more innovative safety locking solutions for Sri Lankan consumers at affordable prices.

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ComBank profit tops Rs 6 b at 3Q

Interest income generated by the growth of its loan book, gains from the reduced effective tax rate and a noteworthy contribution from non-interest income have enabled Commercial Bank of Ceylon to accelerate profit growth in the first nine months of 2011 and post sector-leading financial results.

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Abans Group Chairperson Aban Pestonjee exchanging a memento with Godrej Locks Executive Vice President and Business Head Shyam Motwani at the launch. Picture by Sumanachandra Ariyawansa

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