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Sri Lankan Heavyweights Set Up Joint Palm Oil Mill worth Rs 250m

The joint venture Crude Palm Oil (CPO) mill set up by Agalawatte Plantations Ltd. Elpitiya Plantations Ltd. and Namunukula Plantations Ltd. under the company AEN Palm Oil Processing (Pvt) Ltd. (AENP) commenced commercial production recently. Agalawatte, Elpitiya and Namunukula Plantations are majority owned by Sri Lankan corporate heavyweights Mackwoods, Aitken Spence and Richard Pieris respectively. Read More

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Aitken Spence profits up by 27% despite domestic tourism challenges

Diversified blue-chip conglomerate Aitken Spence issued their 3rd-quarter results to the Colombo Stock Exchange, recording an increase of 26.9% in profit before tax over the corresponding period in the previous year, while net profit attributable to shareholders increased by 35%. The Group”s net revenue increased by 50.7% up to Rs13.68bn for the nine months, comparative Read More

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TNT Wins European Business Award for Customer Focus

TNT Express has won a “European Business Award” for the most customer focused company in Europe. This renowned prize is supported by several organisations including CMS, AXA, Grey EMEA, Siemens, Societe Generale and The Wall Street Journal Europe. TNT Express won the prize in the “Customer Focus” category, which recognizes companies that “best demonstrate that Read More

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