l Lion Brewery (Ceylon) PLC, the 50.4% owned subsidiary of Ceylon Brewery [BREW: LKR120.00], controls approximately 86% of the Sri Lankan beer market. It brews, bottles and markets its own LION brand of beers and stouts, as well as Carlsberg beers (under the license of Carlsberg InternationalofDenmark). l With the end of the military conflict, we expect strong revival in demand for soft alcohol/beer, underpinned by opening...
Wednesday, January 20, 2010
Friday, January 15, 2010
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MBSL expects 30 percent profit growth
Despite the war, the global financial crisis and the instability of domestic financial institutions, the Merchant Bank of Sri Lanka PLC (MBSL)—which acquired or took over some of the ailing finance companies as management agents in a bid to restore public confidence—had a successful 2009 and expects its bottom line to grow 30 percent for the accounting year, the bank’s Chairman, Janaka Ratnayake, said.
"2009 was a difficult year....
Monday, January 4, 2010
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Central Finance maintains growth
Central Finance Company PLC continues its steady growth and with the 'A+' (lka) Fitch rating intact against challenging economic conditions.
"The outlook is Stable," Fitch Ratings noted reaffirming the CF national long-term rating as A+ (lka).
"CF's rating factors in its relatively good financial profile and its dominant market position in the Registered Finance Company (RFC) sector in Sri Lanka," Fitch Ratings announcement...
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