|
|
 |
 |
 |
| Tuesday, 11 January 2005 |
 |
|
 |
Business | |
| News Business Features Editorial Security Politics World Letters Sports Obituaries
|
Indices down at Bourse The market moved down marginally yesterday with the All Share Price Index (ASPI) down 0.86 points and the Milanka Price Index (MPI) moving down by 0.74 points. The ASPI which opened at 1568.10 points moved down by 0.04% to close at 1567.47 points while the MPI which opened at 2142.43 points declined by 0.03 % to close at 2141.70 points. Upward movements were seen in Oil Palms, Health Care and Footwear and Textiles as against Plantations, Chemical and Pharmaceuticals and Investment Trust which recorded negative growth. A total turnover of Rs 205.9 million was recorded. The Power and Engineering sector accounted for 53.4% of the total turnover. A total of 2,503 trades were concluded. Foreign investors were net sellers in the market with purchases of Rs.
18.5million and sales of Rs 79.04 million. Daihatsu Japan donates 3 m yen to tsunami victims The Daihatsu Motor Co. Ltd, Osaka, Japan has donated 3 million Yen
towards relief intended for tsunami affected people of Sri Lanka,
Indonesia and Malaysia. The agents for Daihatsu in Sri Lanka are Uni
Walkers Ltd. Rs. 60m to rebuild houses in Matara by Irangika Range A disaster management fund of the Ministry of Provincial Councils and Local Government will allocate Rs.60 million to reconstruct 700 houses in the worst tsunami affected areas of the Matara district. All provincial institutions and its employees in the Wayamba province have given financial support to implement this project. They will also provide 350 sanitary labourers, 100 Public Health Inspectors and technical officers, 150 tractors, 100 water bowsers, 60 lorries, 50 Backhoe machines, 20 Double Cabs, 60 water pumps and 50 water barrels to facilitate development activities. In addition all government institutions in Sri Lanka have donated Rs. 5
million to the fund to implement long term development projects. These
projects would help overcome the tsunami victims' economical, social and
cultural problems as well. DPL turns loss to profits in 1H, 2004 After a poor performance in the first half in its 20th anniversary year (2004) with a cumulative loss of Rs. 8.5 million, Dankotuwa Porcelain Ltd has recorded an un-audited profit of Rs. 24.4 million as at end November 2004. The turnover in November was the highest ever monthly turnover recorded in the company's history at Rs.112 million. On December 28, the company surpassed the Rs. 1 billion annual turnover figure, which again is considered a significant milestone. This compares with the 2003 turnover of Rs. 852.7 million. DPL Chairman Sunil G. Wijesinha said that the first half of 2004 was beset with problems. "Although the order book was full, delivery promises could not be met. We had to cope with irate buyers. DPL in its 20-year history, has an extremely high record of meeting delivery schedules which held the Company in good stead and therefore our buyers tolerated the temporary setback". |
|
News | Business | Features
| Editorial | Security
Produced by Lake House |
