Galle harbour now a multifaceted hub
Disaster opens doors for opportunities and
capitalizing. Galle Harbour is now becoming one of the main bases to
provide security for shipping lines plying via the troubled Somalian
waters. The Galle harbour which is yet to reach its full potential
has been selected as a security feeder point for ships sailing via
the Somalian waters known for atrocities committed by pirates.
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Nestlé Lanka grows 12% in 2012
Nestlé Lanka PLC, posted a revenue of Rs 7.2
billion for the last quarter of the year. Impacted by volatility in
the currency and tough market conditions in 2012, the company
delivered revenue of Rs 28.6 billion and growth of 11.7% for the
full year ending December 31, 2012.
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Singer Group revenue tops Rs. 25 billion in 2012
Singer Sri Lanka notched gains in 2012,
including a 15% growth in revenue, in spite of challenging
macroeconomic conditions. The Group’s revenue for the year reached
Rs. 25.4 billion, an increase of Rs. 3.3 billion over 2011 revenue.
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