Despite recording an increase in sales volume, the decline in turnover compared to the previous year is due to the reduction in prices in the corresponding quarters.
Passing on the benefit of cost reductions to consumers, the cement industry announced two downward price revisions, which brought the Maximum Retail Price (MRP) of a 50 Kg bag of cement to 2,250 rupees.
The Economic Environment
We started the calendar year with a positive economic outlook, with the country's year-on-year GDP for the first quarter of 2024 reporting a 5.3 percent growth.
The Rupee appreciating against the US Dollar facilitated reductions in the cost of imported raw materials, which allowed for the price of cement and other building materials to be revised accordingly.
Bu hikaye Business Today Sri Lanka dergisinin September 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Today Sri Lanka dergisinin September 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Vision Care Expands Branch Network with New Wennappuwa City branch
Vision Care opened its newest branch in Wennappuwa, further expanding its network of accessible, top-quality vision care services across the country.
HNB Wins' Sri Lanka's Best Bank' and 'Sri Lanka's Best Bank for SMEs'
HNB was honored with the titles of 'Sri Lanka's Best Bank' and 'Sri Lanka's Best Bank for SMEs at the Euromoney Awards for Excellence 2024.
People's Bank 'People's Pay' App Now Offers Easy Access to CRIB 'My Report'
In the current fast-paced environment, the ability to promptly access vital information can greatly expedite financial transactions.
HNB Partners with John Keells CG Auto
HNB has strategically partnered with John Keells CG Auto (JKCG Auto) to offer innovative leasing solutions for their BYD vehicle range.
Pathfinder Foundation Presents Sinhala Translation of 'The India Way' to Dr. S. Jaishankar, External Affairs Minister of India
The Pathfinder Foundation presented the Sinhala translation of Dr. S. Jaishankar's seminal work, The India Way: Strategies for an Uncertain World, (ඉන්දීය. මාවත අවිනිශ්චිත ලෝකයක උපාය මාර්ග) to the visiting Indian External Affairs Minister during a ceremony in Colombo.
SLT-MOBITEL Nebula Institute of Technology recognized on Campus Chapter as the tenth IET
SLT-MOBITEL Institute Nebula of Technology, the education arm of SLTMOBITEL, has achieved a significant milestone by being recognized as the tenth IET on Campus Chapter.
People's Bank Relaunches Multiple Enhanced Services for Migrant Workers
People's Bank Celebrated World Children's Day by relaunching 'Ethera Udana Minors' Foreign Currency Account with new features.
EU Delegation Commits to Strengthen Sri Lanka-EU Relations, Extends Presidential Greetings from Key European Leaders
President Anura Kumara Dissanayake met with the European Union (EU) Delegation, led by EU Ambassador Carmen Moreno.
ADB Delegation Meets President Dissanayake, Pledges Continued Support for Sri Lanka's Economic Development
The Country Director of the Asian Development Bank (ADB) Resident Mission in Sri Lanka, Takafumi Kadono, along with a delegation, met with President Anura Kumara Dissanayake.
Sri Lanka Secures USD 200 Million from World Bank's IDA for Second Phase of RESET Program
The International Development Association (IDA) of the World Bank Group (WBG) has approved a USD 200 million financing package to support the second phase of Sri Lanka’s Resilience, Stability, and Economic Turnaround (RESET) Development Policy Financing (DPF) program.
