- Kelani Saviya extended to Jaffna Peninsula
Fizel Jabir
Kelani Cables has achieved the landmark Rs 5 billion turnover for the financial year 2013 -14, Kelani Cables Chief Executive Officer Mahinda Saranapala said .
Kelani Cables is also poised to further expand its operations with an investment of Rs 300 million where Rs100 million has already been invested in a plot of land.
Saranapala said the company's total export earnings stood at US$ 4.5 million which was 15% of the total turnover of the company and held a 38 % market share in Sri Lanka.
Kelani Cables has also recorded tremendous performances year on year with the Top Line recording Rs 5,235 billion in 2013/14 in comparison with Rs 4,565 billion in 2012/2013 an YoY growth of 14.5%. Similarly a 10.3% growth in the company's Bottom Line has been reported from Rs 204 million in 2012/2013 to Rs 225 million in 2013/14.
The company's Gross Profit YoY has increased from Rs717 million in 2012/2013 to Rs 845 million in 2013/14 a 17.8 % increase. Similarly profit before tax of the company stood at Rs 312 million in 2013/14 a 9.8% increase YoY.
Meanwhile, the Kelani Saviya Career Development Program has ben extended to the Jaffna Peninsula and this would make a great impact to the country towards building trust and confidence among communities.
Saranapala said this is done to uplift the knowledge of electricians. "Traditionally electricians learn from their father, uncle or brother. It would be a problem if they learn the wrong thing as it can be disaster to humanity and property. So having realized this we launched this CSR programme in 2007 and based on the successful story and all the reports that we got from the participants we decided to extend this to the Northern province purely to uplift the working conditions of electricians plus to build a private,public sector partnership in developing and uplifting the hearts and minds of the people in the Northern peninsula,"
The signing of the agreement took place on Tuesday at the Kelani Cables Auditorium between the Vice Chancellor University of Jaffna, Prof Vasanthy Arsaratnam and Chief Executive Officer Kelani Cables Mahinda Saranapala witnessed by Anil Munasinghe, General Manager Marketing and Dr A Athputhurajah Dean, Engineering Faculty.
Those who wish to apply should have minimum qualification of GCE (O/L) examination and they may send completed application together with copies of the certificates, addressed to the Course Director, Kelani Saviya, Faculty of Engineering, University of Jaffna.
www.dailynews.lk
Fizel Jabir
Kelani Cables has achieved the landmark Rs 5 billion turnover for the financial year 2013 -14, Kelani Cables Chief Executive Officer Mahinda Saranapala said .
Kelani Cables is also poised to further expand its operations with an investment of Rs 300 million where Rs100 million has already been invested in a plot of land.
Saranapala said the company's total export earnings stood at US$ 4.5 million which was 15% of the total turnover of the company and held a 38 % market share in Sri Lanka.
Kelani Cables has also recorded tremendous performances year on year with the Top Line recording Rs 5,235 billion in 2013/14 in comparison with Rs 4,565 billion in 2012/2013 an YoY growth of 14.5%. Similarly a 10.3% growth in the company's Bottom Line has been reported from Rs 204 million in 2012/2013 to Rs 225 million in 2013/14.
The company's Gross Profit YoY has increased from Rs717 million in 2012/2013 to Rs 845 million in 2013/14 a 17.8 % increase. Similarly profit before tax of the company stood at Rs 312 million in 2013/14 a 9.8% increase YoY.
Meanwhile, the Kelani Saviya Career Development Program has ben extended to the Jaffna Peninsula and this would make a great impact to the country towards building trust and confidence among communities.
Saranapala said this is done to uplift the knowledge of electricians. "Traditionally electricians learn from their father, uncle or brother. It would be a problem if they learn the wrong thing as it can be disaster to humanity and property. So having realized this we launched this CSR programme in 2007 and based on the successful story and all the reports that we got from the participants we decided to extend this to the Northern province purely to uplift the working conditions of electricians plus to build a private,public sector partnership in developing and uplifting the hearts and minds of the people in the Northern peninsula,"
The signing of the agreement took place on Tuesday at the Kelani Cables Auditorium between the Vice Chancellor University of Jaffna, Prof Vasanthy Arsaratnam and Chief Executive Officer Kelani Cables Mahinda Saranapala witnessed by Anil Munasinghe, General Manager Marketing and Dr A Athputhurajah Dean, Engineering Faculty.
Those who wish to apply should have minimum qualification of GCE (O/L) examination and they may send completed application together with copies of the certificates, addressed to the Course Director, Kelani Saviya, Faculty of Engineering, University of Jaffna.
www.dailynews.lk
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