Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Two government-owned Sri Lankan plantation companies post profits for 2013
Tue, Aug 19, 2014, 12:28 am SL Time, ColomboPage News Desk, Sri Lanka.

Aug 18, Colombo: Two government-owned Sri Lankan plantation companies handed over their profits in 2013 to the Treasury today at a function held at Temple Trees.

Representatives of the two plantation companies- Chilaw Plantations Limited in Puttalam and Kurunegala Plantations Limited in Kurunegala handed over the checks to President Mahinda Rajapaksa, who is also the Finance Minister, today at the Temple Trees.

Chilaw Plantations made Rs. 40 million in profits while Kurunegala Plantations earned Rs. 20 million as profit last year.

The government took over the Management of Kurunegala Plantations Ltd., with effect from 01st January 2005 and converted as a wholly-owned State Plantation Company.

Subsequently, Kurunegala Plantations Ltd., was brought under the purview of the Ministry of Plantations Industries, Coconut Development Ministry and Ministry of Public Estate Management & Development in Succession, and it has, since been brought under the Ministry of Coconut Development and State Plantations Development.

Chilaw Plantations Limited was taken over by the government in 2007.

Both Companies were always profit making companies with highly productive coconut lands in Puttalam, Kurunegala, Gampaha, and Colombo districts.

The President also discussed the future plans of the two plantations companies at the occasion.

(Photos by Sudath Silva)

ColomboPage - Recent 10 Stories
Sri Lanka External Affairs Minister defends ministry secretary against 'unfounded allegations'
-- [1 minutes ago]
Iran calls for expanding politico-economic relations with Sri Lanka
-- [47 minutes ago]
Opposition lawmakers on fact finding mission attacked in Sri Lanka
-- [6 hours ago]
EU General Court says ruling to lift sanctions on LTTE is a legal ruling not a political decision
-- [6 hours ago]
Asia Foundation and Justice Ministry assess land disputes in Sri Lanka's Northern and Eastern Provinces
-- [7 hours ago]
Tamil organization seeks MOU between Sri Lanka and India to facilitate return of Tamil refugees
-- [7 hours ago]
Sri Lanka Railways to transport fuel to North by trains
-- [8 hours ago]
Sri Lanka Defense Secretary and Indian Defense Minister discuss enhancing military ties
-- [8 hours ago]
Sri Lankan President launches sixth phase of Divi Neguma domestic agriculture program
Trade unions in Sri Lanka protest demanding Rs. 10,000 wage hike

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.