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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » LCEM TURNAROUND.....................

LCEM TURNAROUND.....................

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1LCEM TURNAROUND..................... Empty LCEM TURNAROUND..................... Tue Aug 26, 2014 5:44 pm

k9


Expert
Expert

Dear friends,

Good News regarding LCEM........

A land belongs to Lanka cement will be rented to  three Indian companies.-Patrl Engineering LTD,JK Infra pvt Ltd,Patel Lanka Sqanda Ltd SOON.

With this Agreement Lanka Cement will earn Rs.675 mn.
With this 675 mn LCEM is going to spend 169 mn to pay their debt and other will be added to the business.


Under the constructions which will be constructed by the Indian Companies in this land,Office facility will also be allocated  for LCEM .Currently LCEM is paying rent to the their office premises.

This Rs.675 mn is a Good amount to the Company.LCEM is going to be turnaround...... Very Happy

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » LCEM TURNAROUND.....................

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