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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