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DISTILLERIES BOOSTS SRI LANKA'S SHARE TRADING VOLUMES.
COLOMBO, Dec 1 Asia Pulse - Sri Lankan share prices ended slightly firmer Friday, with volumes pushed higher by large trades in Distilleries Company but concerns over company earnings still weighing on the market, brokers said.
The All Share Price Index rose 0.86 per cent (14.06 points) to end at 1,639.94 while the more liquid Milanka gained 0.64 per cent (11.78 points) to end at 1,842.53. Turnover was 642 million rupees (US$6 million).
Nikita Tissera of SC Securities said the sentiments of some investors appeared have improved following recent battlefield gains by the army against the Tamil Tiger rebels.
However, he said, this appeared to be outweighed by nagging concerns over poor company earnings in the September quarter and high interest rates and inflation that could erode future corporate profitability.
The army has advanced deep into rebel-held territory in recent months and the fall of the guerrilla's northern Kilinochchi stronghold is said to be imminent.
A speech Thursday by Tiger leader Velupillai Prabhakaran was being interpreted as a ...
- Glenmore Distilleries Company declares cash dividend.
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GLENMORE DISTILLERIES COMPANY DECLARES CASH DIVIDEND LOUISVILLE...PRNewswire/ -- Glenmore Distilleries Company (AMEX: GDS.B) announced...0130, both with Glenmore Distilleries Company/ (GDS) CO: Glenmore Distilleries...
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- News wire article from: AsiaPulse News September 3, 2008 700+ words
COLOMBO, Sept 3 Asia Pulse - The Distilleries Company of Sri Lanka group said net profit for the June quarter fell 16 per cent to 1.15 billion rupees (US$10.8 million) from...
- First Ireland Spirits, of Abbeyleix, Ireland, in conjunction with Heaven Hill...
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Source: HighBeam Research, DISTILLERIES BOOSTS SRI LANKA'S SHARE TRADING VOLUMES.