Sri Lanka Stock Picks

Sri Lanka stock picks site has been developed to give first hand information with regard to share trading opportunities available for investors who do not like go through lengthy research reports, calculations,etc but to have a clear idea about stocks that have future up side potential.Our service is just not for day traders but for the investors who wish to see their money growing in the long run.Our main objective is to provide information relating to trading under one roof.

Monday, April 25, 2011

Sri Lanka Property Development gets in to hydro-power

Apr 25, 2011 (LBO) - Sri Lanka's Property Development, a subsidiary of the state-owned Bank of Ceylon, has acquired hydro-power company for 23.6 million rupees.

The acquisition of a 95 percent stake in Koladeniya Hydropower was revealed in the company's financial results for the March 2011 quarter filed with the Colombo stock exchange.

Property Development's profit rose 12.6 percent to 75 million rupees in the March 2011 quarter from a year ago while sales rose 11.2 percent to 120 million rupees.

source - www.lbo.lk