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 apparel exports buoyed by US demand Vote_lcap68%Sri Lanka apparel exports buoyed by US demand Vote_rcap 68% [ 178 ]
Sri Lanka apparel exports buoyed by US demand Vote_lcap18%Sri Lanka apparel exports buoyed by US demand Vote_rcap 18% [ 47 ]
Sri Lanka apparel exports buoyed by US demand Vote_lcap13%Sri Lanka apparel exports buoyed by US demand 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



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 apparel exports buoyed by US demand

Sri Lanka apparel exports buoyed by US demand

Go down  Message [Page 1 of 1]

Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Sept 05, 2012 (LBO) - Brandix, a top Sri Lankan apparel exporter has seen strong demand from the US helping offset a slump in Europe demand helping keep revenue growth in positive territory, an official said.

Sri Lanka's apparel exports fell 1.6 percent to 1.98 billion rupees in the first six months of 2012, with June shipments falling 6.3 percent to 310.6 million US dollars.
Brandix director A J Johnpillai however said revenues at his firm are in positive territory with strong demand from the US helping offset a weakened European market.

State overspending in several European countries had scared debt markets, leading to uncertainty default fears, which in turn had also affected bank balance sheets.

Sri Lanka's central bank said the falling dollar amounts were partly due to a reduction in cotton prices.

Johnpillai confirmed that prices had fallen.

"We are shipping higher volumes," he said.

Brandix runs 42 plants in Sri Lanka, India and Bangladesh, with revenues this year expected to reach 600 million dollars from 540 million dollars last year.

The firm is on a drive to cut its environmental impact by becoming more energy efficient, using more renewable, cutting water use and recycling and reducing solid waste.
European customers in particular who are more environmentally conscious appreciate the efforts, Johnpillai said.
http://www.lbo.lk/fullstory.php?nid=823106712

Back to top  Message [Page 1 of 1]

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