FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» In STOCK MARKET despite all odds, there is always hope. Never ever give in nor give up.
by atuts Today at 2:14 pm

» The war in Ukraine is no longer shocking the wheat market
by ResearchMan Yesterday at 2:10 pm

» India raises import tax on gold to support rupee and amid trade deficit
by ResearchMan Yesterday at 2:09 pm

» When will supply chain disruptions ease?
by ResearchMan Yesterday at 9:57 am

» KHL Massive forex gains close to 6 billions
by rajini Fri Jul 01, 2022 10:54 pm

» Tourism in Sri Lanka: One step forward, two steps back
by rajini Fri Jul 01, 2022 9:21 pm

» Expolanka to continue its winning streak
by samaritan Fri Jul 01, 2022 4:12 pm

» Govt gets its priorities wrong
by samaritan Fri Jul 01, 2022 10:25 am

» Ambassador assures U.S. support to Sri Lanka to find solutions to economic issues
by samaritan Fri Jul 01, 2022 10:16 am

» IMF-Sri Lanka bailout talks end without a deal
by ChooBoy Fri Jul 01, 2022 9:16 am

» Sri Lanka Breaks Into Hyperinflation Zone Amid Dollar Crunch
by CHRONICLE™ Fri Jul 01, 2022 8:11 am

» Sri Lanka needs to do more on debt restructuring before a bailout package is finalised, says IMF
by CHRONICLE™ Fri Jul 01, 2022 8:06 am

» Global COVID cases rise as BA.4 and BA.5 expand
by samaritan Fri Jul 01, 2022 7:04 am

» POSITIVES & TARGETS BY IMTIAZ BUHARDEEN
by Gowri123 Wed Jun 29, 2022 4:38 pm

» We’re seeing a shift toward international and value stocks, says Schwab’s Kleintop
by target1 Wed Jun 29, 2022 2:40 am

» Wall Street stumbles as consumer pessimism stokes growth fears
by target1 Wed Jun 29, 2022 2:34 am

» Free Market Capitalism vs. Crony Capitalism
by target1 Wed Jun 29, 2022 2:30 am

» Sri Lankan corporations reap large profits as workers and rural toilers face poverty and starvation
by CHRONICLE™ Tue Jun 28, 2022 6:37 pm

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by God Father Tue Jun 28, 2022 6:13 pm

» Derana 360 with Minister Dhammika Perera
by samaritan Tue Jun 28, 2022 1:07 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka Orient Garments helped by children's wear

Sri Lanka Orient Garments helped by children's wear

2 posters

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Sept 12, 2012 (LBO) - Sri Lanka's Orient Garments Ltd, a listed apparel exporter said a strategy of focusing on children's had helped it survive a downturn in key Western markets, though both profits and revenues fell.

In the year to March 2012, revenues of Orient Garment group fell 4.7 percent to 3.41 billion rupees and profits fell 23.9 percent to 85.1 million rupees.

Chief executive Ramli Ghaffoor told shareholders the firm was the largest children's wear supplier to Tommy Hilfiger worldwide, the only children's wear supplier to Burbery in Sri Lanka and the largest woven vendor for Tesco in Sri Lanka.

"Our strategy of being a leading children's wear supplier has worked well, as we find pratents continuing to buy clothing for their children even during hard times," he said.

"Being specialized outer wear manufacturer making technically super garments has enabled use to maintain high levels of skill in all our manufacturing facilities."

He said the firm's marketing team worked hard to establish strategic relationships and the firm offered wide product range with design capabilities, shorter lead times and a skilled workforce.

The firm's 3,600 strong workforce was provided transport, free and subsidized meals and medical centres in the factories.

Chairman Harsha de Silva said the firm expected to maintain the same pricing level despite higher energy costs due to the depreciation of the rupee.

Currency depreciation usually helps exporters by cutting real wages of workers.

Sri Lanka's apparel exports have fallen 3.6 percent to 2.31 billion US dollars in the seven months to July 2012, which the central bank said was partly due to lower cotton prices.

While revenues fell 4.7 percent to 3.58 billion rupees, cost of sales fell at a faster 6 percent to 2.99 billion rupees allowing gross profit to grow six percent to 423 million rupees.
http://lbo.lk/fullstory.php?nid=836470239

Hawk Eye

Hawk Eye
Expert
Expert

Bull Shit.

They have orders left with only these departments



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum