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| Spence in trailblazing entry into 'Incredible India'
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8/29/2006 |
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Having recently invested over Rs 2 b in Lankan tourism business, diversified blue chip expands leisure portfolio with management and joint venture of hotels in New Delhi, Kerala and Madurai; Gets fourth Maldivian resort, Draws Ramada brand to Golden Sun; New $ 20 m resort with world famous Six ...
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| TNT Express, Official Courier for Sri Lanka Squash Teams for SAG 2006.
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8/19/2006 |
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TNT International Express, the worlds leading business to business Air Express Company signed up with the Sri Lanka Squash Federation as the Official Courier to the Sri Lanka Squash Team for the ongoing South Asian Games 2006. The Squash tournament, which is currently held at the Gymkhana Club ...
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| Aitken Spence Overseas Travels now in Kandy, Kurunegala, Matara and Ratnapura
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8/8/2006 |
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Aitken Spence Overseas Travels is expanding its current operations to Matara, Kurunegala, Kandy and Ratnapura. The expansion thus introduces services such as flight reservations and ticket issuance, hotel accommodation, visa services, traveler’s cheques and currency, travel insurance, airport ...
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| Tourist Hotels Association Elects New Team
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8/7/2006 |
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The 41st Annual General Meeting of the Tourist Hotels Association of Sri Lanka (THASL) was held on July 26, 2006 at the Mount Lavinia Hotel where the following members were elected to the Committee of the Association for the year 2006 / 2007:
President - Mr. Hiran Cooray, Jetwing Hotels; ...
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| Aitken Spence Cargo and TNT consolidate leadership, secure LECS contract
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7/17/2006 |
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Aitken Spence Cargo and TNT Express have combined forces to successfully win respective appointments as Official Freight Forwarder and Official Courier for the full calendar of events organized by Lanka Exhibitions and Conference Services Ltd (LECS).
Organisers of eight exhibitions this ...
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| Spence Forges Ahead- Post-Tax Profits Up by 127%
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6/30/2006 |
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One of Sri Lanka’s most innovative conglomerates Aitken Spence released its financial results for the three months ended 30th June showing an increase in profits after tax of 127% to Rs. 491 million over the same period last year.
The diversified Group which leads in its principal sectors ...
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| Aitken Spence goes for new brand identity
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6/18/2006 |
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Aitken Spence has come up with a new brand identity which is forward looking, progressive and central.
The main purpose of this branding exercise is to project a consistent and coherent image to all our stakeholders, said a spokesman for the company.
The basic element of Aitken ...
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| Harry J says bureaucracy is sinking Sri Lanka
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6/10/2006 |
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One of Sri Lanka’s most successful entrepreneurs and investors Harry Jayawardena is blaming the bureaucracy for talling Sri Lanka’s progress and also breathed fire on regressive taxation and inconsistent government policy.
Unfortunately Sri Lanka seems to sink into the quagmire of ...
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| Aitken Spence Posts Rs.1.9 Billion Profit, 11% Growth And A Brilliant New Look.
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6/6/2006 |
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Aitken Spence & Co, one of Sri Lanka’s leading blue chip diversified heavyweights posted its review for the financial year 2005/2006, declaring a revenue of Rs. 13.6 billion a growth of 35% over the previous year, profit before tax of Rs. 1.9 billion, an 11% growth from last year’s Rs.1.7 billion ...
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| Impoverished School Gives Aitken Spence Cargo a Surprise
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5/27/2006 |
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Dedunupitiya Maha Vidyalaya, a school listed below the poverty line by Food insecurity survey carried-out by the World Food Programme (WFP), organized a surprise event to Aitken Spence Cargo to appreciate their efforts to uplift the school.
The officials from Aitken Spence ...
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| Introducing Heritance
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5/17/2006 |
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Aitken Spence PLC diversified blue chip heavyweight in Sri Lanka held a rare and much aniticipated media conference on
17th May to reveal a new Brand for their premier hotels.
Mr. Rajan Brito, Aitken Spence PLC MD made the formal announcement that the hotels sector would be ...
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| Spence forges new deal with DEG for more power
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4/19/2006 |
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Aitken Spence and Co extended its leadership position as a diversified conglomerate in Sri Lanka via a joint venture with German investment heavyweight DEG, on ownership of Ace Power Embilipitiya. Ace Power Embilipitiya owns and operates a 100MW power plant which supplies the CEB as an independent ...
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| TNT Express continues winning streak, ranked 3rd by Fortune Magazine
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3/3/2006 |
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Ranking Fortune Magazine published its list of Most Admired Companies, with TNT International Express ranking No.3 in the delivery industry. Fortune released its list in collaboration with Hay Group, which has conducted the research for The World’s Most Admired Companies list since 1997 and for ...
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| Aitken Spence Records a 71% Increase in Profit Before Tax in the Third Quarter 2005/06
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2/7/2006 |
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Diversified blue-chip Aitken Spence & Co issued their Third Quarter results to the Colombo Stock Exchange on Monday, recording an increase of 71% in profit before tax over the corresponding period in the previous year, while net profit attributable to shareholders increased by over 50%. The ...
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| Aitken Spence Honours Tsunami Promise – Completes 26 New Houses in Trincomalee District
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12/22/2005 |
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Diversified blue-chip conglomerate Aitken Spence & Co re-affirms its commitment to post-tsunami reconstruction and rehabilitation by completing 26 homes for tsunami-affected families in the North & East. On the 24th December, less than 1 year after the devastating Tsunami hit Sri Lanka, Aitken ...
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| Aitken Spence Hotels Overall Winners of Chefs Guild Culinary Art 2005
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12/1/2005 |
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The much awaited culinary art competition organised by the Chefs Guild of Sri Lanka and in association with World Association of Cooks Societies (WACS) was held from 26th to 28th November 2005 at BMICH. Heralded as Sri Lanka’s biggest food and hotel show, the competition was held for the 11th year ...
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| Spence achieves creditable results despite tsunami and refurbishments
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11/10/2005 |
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Despite a sharp drop in tourist arrivals and the temporary closure of its two flagship hotels for refurbishment, Aitken Spence recorded a net profit attributable of Rs. 408 million in the six months ended 30th September 2005, as reflected in the results which were released recently.
One of ...
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| Aitken Spence Shipping, Delmege Shipping in landmark joint venture
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6/27/2005 |
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Two of the best known names in Sri Lanka shipping, Aitken Spence Shipping Ltd., a member of the Aitken Spence Group and Delmege Forysth & Co. (Shipping)Ltd., a member of the Delmege Group have forged a strategic alliance.
The strategic alliance between Aitken Spence Shipping and Delmege ...
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| Standing strong despite natural disasters, Aitken Spence a testimony of strength
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5/23/2005 |
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Aitken Spence has once again lived up to its reputation of being a steady performer, despite the natural disaster during the financial year 2004/05. Surpassing LKR 10 billion in revenues, a 10% growth over the previous year, the premier blue chip conglomerate stands resilient amidst ...
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| Ace Power derivative deal – ‘another first in Sri Lanka’
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4/15/2005 |
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Ace Power Embilipitiya (Pvt) Ltd.– the Group’s largest power plant, which is a 50:50 joint venture with Caterpillar Inc., USA , in a bid to manage their exposure to the US dollar interest rates, has tied up with HSBC to enter in to a ‘Cap Spread’ transaction, which in effect is a Structured ...
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| Aitken Spence Hotel Holdings Ltd. receive ACCA Award for Sustainability reporting
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4/15/2005 |
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Aitken Spence Hotel Holdings Limited received a commendation from the Association Of Charted Certified Accountants (ACCA), for its efforts in illustrating its integration of environment within business operations and demonstrating how the company is attempting to integrate environmental issues into ...
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| Reaching Mt. Olympus: The First Sri Lankan to win 5 Gold Medals at the Culinary Olympics
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4/15/2005 |
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"Cooking is at once child's play and adult joy. And cooking done with care is an act of love…"
So said Craig Clairborne, famed food critic for the New York Times. But how many individuals can claim the distinction of having devoted their lives and energies to this 'act of love'? Very few, ...
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| A noteworthy performance by Aitken Spence despite Tsunami
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4/15/2005 |
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Aitken Spence PLC one of Sri Lanka’s foremost and most diversified blue chip conglomerates, has once again recorded excellent earnings for the nine month period ended 31 December 2004. With a vision based on excellence, the Group has certainly lived up to its reputation of being a steady ...
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| Aitken Spence: Forbes best under a billion yet again!
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4/15/2005 |
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For the second consecutive year Aitken Spence & Co., Ltd. has been listed in the prestigious Forbes Magazine, as being among the 100 most successful companies with annual sales of under one billion US Dollars, outside the United States.
Improving upon last year's performance, Aitken Spence ...
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| Kandalama Hotel's unwavering commitment to preserve the environment is honoured
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4/15/2005 |
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The Kandalama Hotel, the flagship of Aitken Spence Group, has reinforced its eco-friendly status by receiving the prestigious international management systems certificate ISO 14001 recently.
The certification is a further achievement of Kandalama's unwavering commitment to preserve the ...
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| PATA announces Grand and Gold Award Winners
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4/15/2005 |
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PATA is pleased to announce the 26 winners of the 2003 PATA Gold Awards. The winning organisatons and individuals will receive their awards during the 52nd PATA Annual Conference in Bali, Indonesia, April 13-17, 2003. The
honours include three "best of show" Grand Awards and 28 Gold Awards. The ...
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