Company Overview and News

CCS to invest Rs6.3bn in new ice cream factory, bottling facility

2017-05-19 lankabusinessonline
May 19, 2017 (LBO) – Ceylon Cold Stores said it is enhancing capacity with investments of 3.8 billion rupees in a new ice cream factory and 2.5 billion rupees in a new bottling facility for beverages.

Ceylon Cold Stores March quarter net down 15-pct

2017-05-17 lankabusinessonline
May 17, 2017 (LBO) – Profits at Sri Lanka’s Ceylon Cold Stores group, which has interests in consumer goods and retailing, fell 15 percent to 824 million rupees in the March 2017 quarter from a year earlier, interim accounts showed.

Ceylon Chamber forms ‘Dairy Association for Sri Lanka’

2017-03-01 lankabusinessonline
Dairy sector is one of the important sectors of the national economy that has high potential for improving the livelihood and income levels of poorer segments in the society whilst fulfilling the nutritional requirements of the population. Currently, Sri Lanka imports approximately 70 percent of its dairy products requirements spending considerable foreign exchange. Successive Governments have embarked on various initiatives to increase local production with the objective of reaching self-sufficiency in milk production.

Ceylon Cold Stores net up 26-pct in December quarter

2017-01-30 lankabusinessonline
Jan 30, 2017 (LBO) – Profits at Sri Lanka’s Ceylon Cold Stores rose 26 percent to 823 million rupees in the December 2016 quarter from a year earlier.

MullenLowe moves Sri Lanka operations to ultramodern office

2017-01-10 lankabusinessonline
MullenLowe Sri Lanka, the local office of the MullenLowe network – a member of the Interpublic Group (IPG), will formally unveil its ultra-modern office at 125, Kynsey Road, Colombo – 7, on the 19th of January under the patronage of Hon. Eran Wickramaratne – Deputy Minister of Public Enterprise Development and Member of Parliament (MP) – Chief Guest, Mr. Joseph George – Regional President, South & South East Asia and Group Chairman and CEO, MullenLowe Lintas Group and the regional team.

Sri Lanka’s Elephant House pours soft drinks into Europe

2016-10-07 lankabusinessonline
Oct 07, 2016 (LBO) – Sri Lanka’s iconic Elephant House has signed up with a UK-based bottling facility for the production of 1.5 litre PET plastic variants of its much-loved Necto, Cream Soda and Orange Barley beverages.

Sri Lankan shares end flat amid foreign outflows

Reuters – Sri Lankan stocks ended steady on Monday, as gains in financial shares were offset by losses in consumer staples, amid foreign outflows and tax hike concerns.

MullenLowe duo win Sri Lankan leg of Young Spikes Digital Competition

Chevin Mandawala and Sagar Hiranand of MullenLowe Sri Lanka outshone their peers in the digital category at the Sri Lankan leg of Young Spikes 2016, recently. Their winning idea – Marco Knorrs it – highlighted their intimate understanding and use of digital platforms to increase the strength of Knorr and increase its usage. With this victory, the duo have won the honour of representing Sri Lanka at the Young Spikes Digital Competition to be held during the Spikes Asia Festival of Creativity in Singapore.

Sri Lankan shares hit more than 1-mth closing low; large caps down

Reuters – Sri Lanka’s benchmark index hit a more than one-month closing low on Thursday, dragged down by large cap shares, as investors largely stayed on the sidelines amid confusion over falling bond yields, stockbrokers said.

Sri Lankan shares slip from 3-month closing high

Reuters – Aug 22 Sri Lankan shares closed slightly weaker on Monday after posting a three-month closing high in the previous session as investors booked profit in beverage and telecom stocks.

Sri Lankan shares slip from 10-week high on profit-taking

Reuters – Aug 11 Sri Lankan shares on Thursday slipped from its more-than-10-week high, hit in the previous session, as foreign outflow dented investor sentiment while some investors booked profits in thin trade.

Sri Lanka’s Ceylon Cold Stores net up 56-pct in June quarter

2016-07-22 lankabusinessonline
July 22, 2016 (LBO) – Profits at Sri Lanka’s Ceylon Cold Stores, which has interests in consumer goods and retailing, surged 56 percent to 855 million rupees in the June 2016 quarter from a year earlier as revenues rose 30 percent.

Sri Lankan shares post 2-wk closing high on foreign buying

Reuters – Sri Lankan shares rose for a third straight session on Friday and posted their highest close in two weeks, as foreign investors continued to buy into banking and diversified stocks after recent losses.

Ceylon Cold Stores PLC Joins CSE to Open Trading for July

2016-07-01 lankabusinessonline
Ceylon Cold Stores (CCS) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. The market opening ceremony was organized to mark the first trading day for the month of July.

Ceylon Cold Stores PLC Joins CSE to Open Trading for July

Ceylon Cold Stores (CCS) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. The market opening ceremony was organized to mark the first trading day for the month of July.

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