Indo Lanka exchange going to cross $5 Bn edge

Indo Lanka exchange going to cross $5 Bn edge

 As year-on-year reciprocal levels surged by 6.3%, general exchange volumes amongst India and Sri Lanka too has edged towards a notable imprint just $83 million short of desired $5Bn edge. "We are very nearly essential defining moments in our respective exchange history" said Minister of Industry and Commerce Rishad Bathiudeen on 11 August in Colombo. Clergyman Bathiudeen was tending to the fifth version of the Indo Ceylon Economic Dialog (ICE discourse 5) mutually composed by the Federation of Chambers of Commerce and industry of Sri Lanka and Federation of Indian Chamber of Commerce and Industry at Renuka Hotel in Colombo on 11 August. Joining Minister Bathiudeen at the session were Deputy Indian High Commissioner to Sri Lanka Arindam Bagchi, delegates from the Federation of Indian Chamber of Commerce and Industry and President of Federation of Chambers of Commerce and Industry of Sri Lanka Sarath Kahapalarachchi.

Nestlé Lanka

Nestlé Lanka delivers seven.4 % growth, LKR nineteen billion sales in H1 2016

Shivani Hegde, Nestlé Lanka Managing Director: “We have delivered steady results for the primary six months of the year despite a really difficult business setting. With the launch of vital product innovations and renovations, we have a tendency to aim to thrill shoppers with merchandise that provide Nutrition Health and upbeat. As we have a tendency to mark a hundred and ten years of our operations in land, we glance forward to enriching the lives of the area people with worthy initiatives that demonstrate our deep bond with native shoppers and robust commitment to the country.”

Financial results

Nestlé Lanka PLC has recorded a revenue of LKR nineteen billion for the primary six months of the year, posting a growth of seven.4% and a lucre of LKR a pair of.5 billion.

The Company featured stiff price challenges as well as adverse exchange rates, the impact of that was minimised through economical price optimization across the worth chain and strategic readying of resources to key brands.

Datsun redi go price in sri lanka

India-made Datsun Redigo to be launched in Ceylon next month

Datsun can launch the Redigo in Ceylon in September. The hatchback are made in Republic of India and exported to the previous country.

Datsun can provide the Redigo through Associated Motorways (Private) Ltd. (AMW) in Ceylon. This dealer network is Nissan’s long-time partner within the country and can currently watch out of the sales of the new hatchback. The Redigo sales aregin next month and variant-wise rating can be discovered about to the launch.

AMW can originated 5 sales and repair retailers every within the country over future one year. whereas the Redigo is priced at Rs a pair of.38 large integer in Republic of India, the Sri Lankan worth ought to go up by a pair of.5 times since the automotive are introduced as a CBU unit.

DFCC conveys expanded gainfulness in first 50% of FY 2016

DFCC recorded ideal development in the primary portion of FY2016 consummation 30th June 2016, with a solidified benefit after assessment of LKR 1,721 million which is 16.1% over the LKR 1,482 million recorded in the practically identical period finished 30th June 2015. The aggregate resources of the Group remained at LKR 263,234 million as at 30th June 2016 contrasted with LKR 247,109 million on 31st December 2015.

Dipped product 1Q Posts Rs.5.4Bn Turnover

Dipped product PLC (DPL) denote Rs. 5.4 billion in cluster Turnover throughout the 1Q 2016-17, compared to Rs.5.7 billion for constant amount of the previous year. cluster Profit before Tax (PBT) for the amount was Rs. 12.5 million, fromRs. 176 million recorded for the 1Q last year. The Hand Protection phase contributed Rs. 3.21 billion to revenue, a one % increase against 1Q in 2015-16.Contribution to PBT from the phase was at Rs. 134million, thirty two % lower for constant amount of the previous year. The Plantation phase reportable Rs. 2.26 billion in revenue, a thirteen % reduction from the