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



Poll

Can there be another Covid-19 wave in Sri Lanka?

Sri Lanka's top brewer to expand canning capacity Vote_lcap68%Sri Lanka's top brewer to expand canning capacity Vote_rcap 68% [ 178 ]
Sri Lanka's top brewer to expand canning capacity Vote_lcap18%Sri Lanka's top brewer to expand canning capacity Vote_rcap 18% [ 47 ]
Sri Lanka's top brewer to expand canning capacity Vote_lcap13%Sri Lanka's top brewer to expand canning capacity Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» CLC placed on a Slingshot . . . !!!
by prabath Yesterday at 11:17 pm

» ELPL-WATA-UDPL
by Maharaja Yesterday at 10:46 pm

» LLUB New Valuation for Price appreciation
by ddrperera Yesterday at 7:24 pm

» Bitcoin could trigger financial meltdown, warns Bank of England deputy
by samaritan Yesterday at 6:22 pm

» AMANA BANK LTD (ABL)
by SAGA Yesterday at 2:48 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by samaritan Yesterday at 10:53 am

» Global supply chain crisis bites in US cities as store shelves empty with rising demand
by samaritan Yesterday at 10:51 am

» LOFC AND CLC Target Price??
by madukp Yesterday at 10:33 am

» CLC - Bull & Bear LOCKED HORNS - can blast at any time.
by Equity Win Yesterday at 9:35 am

» Water For All - CIND
by K.R Wed Oct 27, 2021 9:39 pm

» Sri Lanka Tourism
by rajini Wed Oct 27, 2021 8:45 pm

» EXPO/BILL/LOLC
by sandamal Wed Oct 27, 2021 4:46 pm

» Exit EXPO Enter EDEN strategy broadened to Exit EXPO Enter LOLC GROUP
by bizstock Wed Oct 27, 2021 3:03 pm

» BOGALA GRAPHITE LANKA PLC
by cheetah Wed Oct 27, 2021 2:08 pm

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by C.THARANGA Wed Oct 27, 2021 1:25 pm

» The fate of NIFL .. CLC .. LOFC under LOCH
by Jay-Jay Wed Oct 27, 2021 12:05 pm

» PRIME LANDS RESIDENCIES PLC (PLR.N0000)
by apphunter Wed Oct 27, 2021 11:58 am

» KOTA Plantation
by jehan008 Wed Oct 27, 2021 11:33 am

» WATAWALA PLANTATION PLC (WATA.N0000)
by cseguide Wed Oct 27, 2021 10:58 am

» KOTAGALA PLANTATION PLC (KOTA.N0000)
by Tissa Wed Oct 27, 2021 7:13 am

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's top brewer to expand canning capacity

Sri Lanka's top brewer to expand canning capacity

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
May 17, 2013 (LBO) - Sri Lanka's Lion Brewery (Ceylon) Plc, the largest brewer in the island said it will expand canning lines to meet growing demand after upping brewing capacity last year.

In 2012 profits fell 17 percent to 1.0 billion rupees because canned Carlsberg beer had to be imported from India and Vietnam because canning capacity was not enough.

"This was at a considerable cost to the Company and contributed significantly to the reduction in profitability along with other cost increases in both manufacturing inputs & overheads," chairman L C R de C Wijetunge told shareholders in the annual report.

"To make matters worse, the duty on imported beers increased by 100 percent during the year."

"During the year the Company completed upgrading its brewing facilities. What remains now is the upgrading of its canning & bottling facilities and supporting infrastructure.

"Once these are done, the Company will once again be in a position to supply demand in full via the local production."

On March 31 and October 2012 there had been two duty increases. With the duty and some increase in volume, turnover was up 26 percent for the year.

Sri Lanka raised taxes to cover state spending as import volumes fell.

Wijetunge said the firm had become the third largest tax payer in the country giving 14.7 billion rupees to the Treasury.

Wijetunga said Lion Brewey was charged income tax at 40 percent, compared to 28 percent for other companies.
http://www.lankabusinessonline.com/news/sri-lankas-top-brewer-to-expand-canning-capacity/1843769222

Back to top  Message [Page 1 of 1]

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