As inflation and interest rates drop:
Unit Trust stable and secure
Ceylon Asset Management, Managing Director,
Dulindra Fernando said the Unit Trust industry is stable and secure
for investors as inflation and interest rates decreased with the
national economy recording a positive growth.
‘Huge potential in country’s debt market’
There is a huge potential in the country’s debt
market. The Stock Market is one of the main drivers in the economy.
Regulations and ethics are important. It is necessary for the
stakeholders to actively participate in the market maintaining a
high level of professionalism, said Securities and Exchange
Commission of Sri Lanka (SEC) Chairman, Udayasri Kariyawasam.
Acme Printing and Packaging records Rs. 732m turnover
For the financial year 2008/2009:
Acme Printing and Packaging PLC reordered a
turnover of Rs.732 million, a for Financial year 2008/2009.
Operationally, the company made a loss of Rs.2.3 million before tax.
The reversal of deferred tax resulted in the company posting a net
profit after tax of Rs.0.1 million for 2008/2009. The finance costs
increased by Rs.8.7 million while administration cost increased by
Rs.11.1 million, due to proving for gratuity.