Friday, 28th August 2015

Business Editor: 0094 11 242 9221 / E mail: business@dailynews.lk

Business

The Bank of Ceylon (BoC) continued to lead its growth course in first half of 2015 with Rs. 9.1 billion Profit Before Tax (PBT) achieving 6% growth over the previous year. Profit After Tax (PAT) stood at Rs. 6.7 billion resulting in 8% growth. \The Group reported Rs. 9 billion PBT resulting in 5% growth over the corresponding period of the previous year and the Bank dominates the results of the Group accounting for 96% of total earnings and 97% of the Group’s assets. Total operating income for the period stood at Rs. 31 billion and shows a 24% increase which has been accelerated through 52%...
For the first time in the Sri Lankan history Pelwette Sugar is looking to ink a Butter - Oil pact with Iran. Pelwatte Dairies, Managing Director Ariyaseela Wickramanayake, speaking to ‘Daily News business’ said for the first time they have a surplus of butter manufactured at the factory in Buttala, Moneragala. “I have contacted the Commerce Ministry and they have positively responded for this proposal.” “We hope to export 100 tonnes of butter per year which would be Halal certified.” He said that what he is proposing is to export Pelwatte butter to Iran in exchange for the reduction of crude...
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