First half net profit tops Rs 3.9 billion:
LOLC gets huge profit
LOLC Group pre-tax profits for the first half of
2010/11 soared to Rs 4.5 billion with post tax profits of Rs 3.9
billion. Compared with the previous year, pre-tax profits grew by
370 percent. The company’s acquisitions made in the previous
financial year contributed well to the bottom line along with other
income, which increased by 215 percent to reach Rs 2.7 billion at
the end of the second quarter.
Touchwood plants 200,000 saplings
Touchwood, the only agro forestation company in
Sri Lanka was the biggest contributor from the private sector at
yesterday’s massive tree planting campaign the Government embarked
on to mark the beginning of the second term of President Mahinda
MTI Market Research launched
MTI has launched MTI Market Research (www.mtimarketresearch.com).
It has an experienced panel of associates with extensive market
research experience in Sri Lanka, augmented by MTI in India.