CIC tissue culture plants to Europe
The Tissue Culture Laboratory of CIC
Agribusinesses made its maiden entry into the European market with
an export of 200,000 tissue cultured plants recently. Currently the
Tissue Culture Laboratory of CIC Agribusinesses produces fruit
plants, mainly banana and pineapple which is marketed locally.
Singer aims high with optimism for the future
A fervent determination to believe in the Sri
Lankan dream despite present market conditions saw Singer invest for
the future, according to the review of its financial results for
2007. The company gross profit of Rs 4,887 million for 2007
registered a 13% increase over the previous year, and company
revenue grew by 12%.
Sanasa Bank records Rs. 94.9mn profit for 2007
Sanasa Development Bank performed well in 2007,
recording a pre-tax profit of Rs. 161 million compared to Rs. 155
million last year. Post-tax profit was Rs. 94.9 million as against
Rs. 75.6 million in 2006.